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Development of Scalable Multimodule Payment Processing Ecosystem with Risk Management and Embedded Solutions
  1. case
  2. Development of Scalable Multimodule Payment Processing Ecosystem with Risk Management and Embedded Solutions

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Development of Scalable Multimodule Payment Processing Ecosystem with Risk Management and Embedded Solutions

leobit.com
Financial services
eCommerce
Healthcare
Education
Accounts Receivable Management

Challenges in Payment Processing Automation and Compliance

The client faced significant challenges due to manual data entry processes using spreadsheets, lack of automated risk assessment tools, and complex regulatory requirements across multiple jurisdictions. The existing manual systems hindered operational efficiency, increased error rates, and limited scalability for processing growing transaction volumes.

About the Client

Rapidly growing fintech company specializing in security-centric integrated payment processing solutions for vertical-specific industries

Key Objectives for Payment Ecosystem Enhancement

  • Automate critical business processes to support 15x user growth
  • Implement real-time risk analysis and scoring system for merchants
  • Develop embedded payment processing SDK for POS terminals
  • Create integrated modules for merchant account lifecycle management
  • Ensure compliance with global financial regulations

Core System Functionalities and Features

  • Risk analysis web portal with automated scoring algorithms
  • Mobile SDK for smart terminal payment processing
  • Merchant account initiation and underwriting workflows
  • Contract lifecycle management for agents
  • Centralized reconciliation and reporting portal
  • Single sign-on authentication system
  • API transaction processing interface

Technology Stack Requirements

Angular
.NET
MySQL
Dapper
iOS SDK
Swift
Ingenico RUA SDK

Third-Party Integration Needs

  • ValidiFI (bank verification)
  • TINCheck (tax ID validation)
  • LexisNexis (risk intelligence)

System Quality Attributes

  • High-security standards for financial data
  • Horizontal scalability for transaction volume
  • Real-time processing performance
  • Regulatory compliance across jurisdictions
  • System reliability for payment operations

Expected Business Impact of Enhanced Payment Ecosystem

The solution will reduce transaction processing time by 80%, enable seamless merchant onboarding through automated risk assessment, and support enterprise-level payment management across multiple industries. The embedded SDK will facilitate direct integration with 100,000+ payment terminals, while the modular architecture ensures adaptability to evolving regulatory requirements.

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