Payments & Fraud
As eCommerce markets present opportunities for business to extend beyond geographies and beyond niche demography , payment solutions play a key role in determining the span of the market at the disposal of eCommerce providers. Both Local and Global eCommerce today is a key function of an enterprises ability to transact in local currencies, in preferred local payment methods and with solutions that progressively win shopper confidence in providing a secure, seamless online shopping experience.
Fraud presents another key challenge for eCommerce business to deal with today. Traditionally “revenues lost to fraud” & “cost to keep fraud within reasonable levels” have been accepted as a realistic “cost in business” and organizations have worked to maintain fraud to acceptable levels focussing on their core business. The changing times however are pressing commerce providers to rethink their approach on fraud and to look at it as an opportunity to recover lost margins. The solutions market today is beaming with a verity of solutions, providers stack that presents potential to realize this objective, however choosing appropriate solutions relevant to the business and fine tuning the operations risk management to realise these goals still presents a significant challenge.
Cybage brings extensive engineering and business process expertise in developing and integrating payments solutions for payment solutions and for eCommerce solution providers. Our experience includes expertise in both Card Present and Card Not Present solutions and is over a wide array of payment methods and payment solutions including solutions on Micro payments, Electronic valets, and Payment processing & transaction settlement solutions. We also bring strong understanding of standards, local regulations and compliances as they apply to payment solutions. Our evolved expertise in testing of payment solutions leverages our extensive experience of web services testing using specialized industry standard and open source tools.
Cybage also brings extensive expertise in analysing and understanding Fraud management needs of eCommerce providers and in developing integrations with various industry leading fraud management solutions providers along with expertise in developing custom Operations Risk Management solutions to track and minimize fraudulent transactions and to realize Operations Risk Management goals. Our payments and fraud expertise is complemented by a full life cycle offering of Business Support Operations services that cover all customer support and back office support needs to cater to end-to-end needs of payments solutions & eCommerce solution providers
Expertise Summary:
- Focussed segment as part of ECommerce practise
Strong business process & regional regulations knowledge
Extensive focus on applicable security and compliance regulations. Strong experience and know-how of PA-DSS and PCI-DSS standards
- Strong experience in integrating with industry leading Fraud solutions
Evolved environment management, development and testing processes for unique Payment solutions needs
- Strong experience on pertinent standards and regulations, includes strong experience in PCI-DSS,
PA-DSS, MasterCard SDP, VISA-CISP, Verified by Visa, MasterCard Secure Code, NetSafe, SAS 70, ISO 27001
- End to End payment solutions: Development, Integrations, testing, Business support operations (customer support, back office support services)
- Payment solutions expertise: Multi currency, Multi mode, Issuer Side solutions, Acquirer side solutions, Payment processioning solutions (Multi currency, Micro Payments, Electronic Vallet, Mobile Payments)
- Fraud solutions: Integrations, custom fraud solution development, Risk management solutions, Fraud CRMs
- Support Operations: Customer support and back-office support processes for Fraud screening, Claims settlement, Compliance solutions, ordering management (….read more)
