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Helped a Premier Payments and Transactional Services Provider Securely Handle up to 2.5 Million Monthly Transactions by Optimizing Its Processes

FinTech
Posted On: 29 March, 2024

About the Client

Is one of the foremost European providers of payment and transactional services

Is headquartered in Bezons, France, and serves global clients across Europe, Asia, and the Middle East

Specializes in providing customized electronic payment solutions, digital banking, and value-added business services

Ranks amongst Europe’s top payment processors, delivering secure and efficient payment solutions to businesses and financial institutions

Business Needs

Implement reliable encryption protocols to eliminate unauthorized access and safeguard customers’ trust and brand reputation

Integrate diverse fraud prevention service providers to create a comprehensive defense system that mitigates fraudulent transactions and secures customer information

Enhance fraud detection and prevention efforts to reduce chargebacks and associated penalties

Implement measures to strengthen transaction legitimacy and financial stability

Solutions

Deployed an advanced defense system (FPaaS) to integrate multiple fintech fraud prevention service providers against fraudulent activities impeccably

Capitalized on the strength of various fintech fraud detection services, including Microsoft DFP 365 and CyberSource, to enhance the effectiveness of fraud detection

Automated the business workflow through Assessment API and minimized chargebacks by promptly routing transactions for fraud checks to Microsoft DFP 365

Integrated new fraud prevention service providers for enhanced system functionality

Business Impact

Optimized the workflow to handle up to 2.5 million transactions monthly

Ensured uninterrupted round-the-clock assistance for P1 and P2 incidents through a mission-critical business service with 99.99% availability

Achieved rapid processing of 50-75 transactions in under 10 seconds while maintaining a swift average response time of 1.5 seconds

Secured the system against activities that risk financial and reputational integrity, ensuring enhanced security and trust

Technology Stack

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