Card Transaction Services, the backbone of modern commerce, power seamless financial interactions. These services encompass card authorizations, clearing, settlement, disputes, and chargebacks, ensuring swift, secure, and accurate payments. Efficiency is at the forefront, with advanced technologies and best practices reducing processing time, enhancing user experiences. Security is paramount, with strict compliance to industry standards, like PCI DSS, safeguarding sensitive data through encryption and access controls. Downtime is banished, data is shielded, and user experiences sing - all thanks to these silent conductors whose unwavering rhythm keeps the pulse of commerce beating strong.
Coforge is enabling clients to build future-proof and secure card payment solutions, ensuring compliance with ISO 8583 messaging formats, Data security, privacy and detecting fraud transactions with strategic rules and supports for various Cards Schemes in processing the end-to-end Cards transactions like Authorizations, Clearing, Settlement, Dispute, Card Tokenization etc.
We have helped a European banking entity to develop an advanced card management system. This system efficiently manages an impressive load, handling between 200 and 230 authorization transactions per second, equating to approximately 14,000 transactions per minute. Notably, the system exhibits a robust capability to process over 8 million transactions for clearing and settlement within a single day, with the ability to manage 3 million records in a singular clearing and settlement file. We also provide round-the-clock production monitoring support to ensure that critical CAT A applications remain operational without interruption, safeguarding an optimal experience for end customers.
At the heart of every card transaction lies efficiency. Coforge can empower you with solutions and best practices to expedite both online and batch processing, slashing processing times. To secure the Cards transactions, we ensure compliance with industry standards like PCI DSS through measures such as data encryption and user access management. For high availability, we address the downtime challenges often associated with legacy mainframe systems, minimizing disruptions with innovative solutions and automation.
