The Core engine for Digital Payment is a holistic collection of individual software that all come together and deliver a seamless experience to consumers who are constantly on the lookout for payments made easy.
Core engine comprises of several functions with the principal function s being eWallet creation and anagement, eWallet payment acquiring and issuing, switching and validation complying to latest global industry standards, single window operation, Merchant management and MIS reports and alerting.
Our offered solution is capable of communicating with both ISO 8585 as well as ISO 20022 allowing it to successfully co-exist with the older, more conventional systems using ISO 8583 as well as modern state-of-the-art systems using ISO 20022
eWallet
eKYC
Backoffice
Administration & Management
QR Service
Reconciliation and Settlement
Reports
Alerts
Our Solution provides interfaces for Customers and Merchants. Each interface allows different functionality for the users. Merchants are able to generate static and dynamic QR codes for transactions and other essential features with the solution so that customers can pay using these methods as their payment option. Customers are able to add and pay using their VISA, MasterCard, AmEx, CUP cards and local accounts
Built-in eKYC module will help the financial institutions to perform KYC through multiple phases of document submission, video eKYC, bio-metrics etc..
Back Office is the Merchant Management Module that can be used to define all the merchants that will connect to the system. Merchant IDs and Merchant Category Codes are also assigned through this module. Once a merchant is registered, all merchant related fees and limits can be configured. Furthermore, Merchant Discount Rates (MDR) can also be defined through Back Office.
Backoffice module also supports customer onboarding (account opening) and account management.
Like a brain that drives the earth’s most sophisticated creatures, or a cockpit that steers a giant metal bird through the unseen pathways of limitless skies or even a bridge that pulls-off the perfect journey of a galaxy-sized ship hulling its way through coarse waters, a central hub that controls all aspects of a system is well the need to ensure smooth functions. Along the same lines, having an administrative hub to direct the functions of any software solution is crucial to guarantee optimal performance of a system. Administration and Management Module is a brain through which all the essential functions like User Role Management, User Management, Transaction Fee Management, Transaction Limit Management, Mobile Top-up Management, Utility Provider Management etc..
The QR service is essentially a module overlooked by the administrative console of the of the overall solution and will facilitate mobile wallet users to perform the following transactions, Over the counter merchant, on-line merchant, peer to peer, bill payments. QR Service module supports both static and dynamic.
Reconciliation and Settlement is the Transaction Settlement, Reconciliation, and Dispute Management Module. The module will do an automatic processing of the files and provide Matched and Unmatched reports for the bank user to take action against. This module can be used to conduct reconciliation work with networks such as VISA, Mastercard etc..
Reports is a module used by other modules to generate reports. It can be configured to generate reports in multiple reporting formats.
Alerts can be configured to send SMS and email notifications and the alerts to the corresponding parties. SMS and email gateways will be interfaced to communicate SMS and emails, respectively