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Modernization of Payment Processing Infrastructure for Multi-Channel Financial Services
  1. case
  2. Modernization of Payment Processing Infrastructure for Multi-Channel Financial Services

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Modernization of Payment Processing Infrastructure for Multi-Channel Financial Services

itransition.com
Financial services
eCommerce
Information technology

Legacy System Limitations

Existing payment system suffers from critical limitations including lack of multi-channel payment support, absence of mobile API integration, rigid commission structures, transaction cancellation impossibility, poor scalability under high load, and complex infrastructure management due to fragmented legacy architecture.

About the Client

Provider of payment solutions combining national financial standards with industry best practices for businesses and individuals

System Modernization Goals

  • Develop flexible payment processing platform with multi-channel integration capabilities
  • Implement robust API ecosystem for mobile and third-party integrations
  • Create dynamic commission management system with variable rate structures
  • Establish scalable infrastructure to handle 60,000+ daily transactions
  • Implement role-based access control without code modifications

Core System Capabilities

  • Multi-channel payment acceptance (cards, eMoney, bank transfers, mobile payments)
  • RESTful API for mobile app integration and third-party services
  • Dynamic commission engine with time-based rate configurations
  • Real-time transaction cancellation and reversal capabilities
  • Automated IFRS-compliant financial reporting
  • Self-service kiosk management with remote diagnostics
  • Role-based access control with customizable permissions

Technology Stack Requirements

Microservices architecture
Cloud-native deployment (AWS/Azure)
Containerization (Docker/Kubernetes)
API management gateway
NoSQL database for transaction storage
Real-time analytics dashboard

System Interoperability Needs

  • Mobile network operators
  • Utility service providers
  • Banking institutions
  • Payment gateways
  • Third-party financial reporting systems

Operational Requirements

  • 99.99% system availability
  • 5-second maximum response time for transaction processing
  • Support for 100,000 concurrent transactions
  • PCI DSS compliance
  • Automated infrastructure scaling
  • Role-based UI customization

Business Transformation Outcomes

Implementation of modern payment infrastructure will enable 24/7 multi-channel transaction processing, reduce operational costs by 40% through automated reporting and maintenance, increase transaction capacity by 300%, and improve user satisfaction through enhanced mobile integration and flexible commission structures.

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