Payments
The world of payment is changing at a rapid pace. The payment methods, such as check and cash, prevalent till a decade back, are being overtaken by electronic payment instruments like credit, debit cards, and prepaid gift cards, etc. Their application, across multi-channel commerce, has created a wide variety of options to pay for the purchased products and services. Innovative retailers have used these advancements in creating businesses like streaming media, pay per view and gift-services that leverage latest electronic payment instruments to acquire new customers, drive business growth, lower the cost of operation, and get ahead of competition.
The need to grow and lower the cost of operations has triggered a wave of changes at the point of sale. Retailers are making efforts to augment payment-processing capabilities, be it accepting the payment instruments or offering new services across multiple channels. However, the challenges of increased competition, economic outlook and marketplace innovations, require retailers to efficiently implement payment strategies and maximize the ROI for every dollar spent on enhancements.
Enhancing retailer’s payment processing capabilities with proven and reliable technology
NVISH, with its expertise in retail payment domain, both at the point of payment acquisition and processing, offers payment application development services that meet business requirements and technical excellence standards. We work with retailers in implementing solutions that range from adding new payment devices like EMV, NFC at point of sale and new services like credit issuance, ID verification, POS activation, loyalty solutions to bringing payment processing in house. Our expertise in open system based solutions for transaction management enables us to deliver high volume, low latency payment processing solutions.
NVISH, with its in-depth understanding of service oriented architecture (SOA) and experience across security solutions - be it HSM, End to End encryption or Tokenization, offers implementation of solutions that are secure, extensible and interoperable. This unique blend of security, extensibility and interoperability helps merchants in innovating and lowering the cost of maintenance. NVISH helps merchants in reducing the operational costs, by providing services that include fully hosted solutions, 24X7 monitoring and maintenance.
Delivering customized merchant acquisition services to improve your bottom line
With increase in electronic payment options, the payment transactions are cannibalized across payment instruments, threatening the volume enjoyed by credit and debit Merchant Acquirers/Processors and Independent Sales Organization (ISO). The traditional Merchant Acquirers’ operational efficiencies and processing costs are impacted not only by the decreasing volume, but also by governmental efforts and legislations to regulate the processing fee. The Merchant Acquirers are hard pressed to offer new services, to not only serve and retain, but also increase their merchant base.
NVISH, with its experience in open system and SOA based implementation of payment solutions, helps Merchant Acquirers and ISOs in leveraging existing assets and creating new applications on commoditized hardware, reducing time to market as well as overall cost of ownership. NVISH offers services across the payment functional stack, including standards implementation (ISO-8583, EDC etc.), transaction management, settlement processing, security integrations, billing and statements, fraud engine integrations, merchant onboarding, and business analytics. In addition, NVISH provides business process outsourcing services, providing complete management of switching/processing infrastructure using secure channels.
Payment Service Offerings
Application Development
NVISH develops sophisticated payment applications that seamlessly integrate in your retail ecosystem.
- Financial applications - Payment services, Returns and refund management, Device management, Settlement, End to end encryption, Tokenization, Customer service - Creating financial applications like History and Notifications, Transaction and Payment Workflows, Hosted and Managed payment solutions, Merchant Administration to handle payment workflows, transactions, and merchants.
- Business Intelligence - Applying business intelligence to uncover actionable insights, trends, and statistics on customers by providing analysis reports
- Social Commerce - Campaign Publishing, Platform to upload and download multiple assets etc.
- Ecommerce - Developing Ecommerce merchant applications like information capture secure layer to enhance online payment processing capabilities.
Application Integration
NVISH integrates versatile payment applications to allow you process multiple transactions on your website and retail POS.
- POS Integration – Deploying fully functional POS applications to meet your unique business requirements.
- Acquirer/Processor Integration – Implementing payment solutions for Merchant Acquirers to help reduce overall cost of ownership.
- HSM Integrations – Performing secure HSM integration and implementation of authentication modules.
- Switch Migrations – Simplifying switch migrations for better performance and collaboration.
- Integration with secure private network – Incorporating payment applications into secure private networks.
- Shopping cart integration with payment system - Integrating shopping carts with payment systems and applications, for better customer experience.
Quality Assurance Services
NVISH offers comprehensive testing solutions to enhance system functionality and performance.
- Testing Services - Offering a full suite of functional, regression, interface, and integration testing services.
- Automation Testing - Performing automation testing at every step of product/application lifecycle to ensure maximum efficiency.
- Performance and Stress Testing - Testing end-to-end performance and capacity of payment applications to identify maximum operating capacity.
- Security Testing - Determining and mitigating security risks against internal and external threats.
- Certification Testing - Conducting certification testing to build instant credibility.
- Black-box testing - Testing payment application functionality around pre-determined specifications and requirements.
Infrastructure and Management Services
NVISH offers focused infrastructure and management services, ensuring high reliability, scalability, and remote manageability.
- Managed and Hosted Services - Providing managed as well as hosted services for efficient and effective enterprise operations.
- Cloud Hosting - Delivering reliable cloud hosting services to help you manage data in an absolutely secure way.
- 24X7 Monitoring - Monitoring applications and systems with round-the-clock support.
