Cards and payments

Cards and payments

Our technology helps you reduces cost of processing and adds value to your business. We excel in maximizing revenue, increasing customer acquisition, reducing business risk, optimizing processes, and ensuring the long- term success of our clients.

Our Software as a Service (SaaS) module ensures resource optimization and , reduces upfront hardware and software investment, while guaranteeing high-quality services. Further, all our services and solutions comply with ISO 20022 standards.

Tietoevry offers a complete suite of solutions for issuing and acquiring cards, both as a service and a licensed product. We are involved in delivering the credit card ledger system to various banks across the Nordic region. This system is responsible for accounting, invoicing, payments, and payment follow-up. It can also be integrated with core banking and other systems used by banks.

Cards Domain:

• Providing card and payment IT services to over 100 banks across Europe.
• More than 1 billion transactions processed by our solutions.
• More than 800 merchant accounts registered through card acquisition solution, handling more than 1 billion merchant transactions.
• Fraud management solution is employed in more than 110+ banks with a real- time fraud prevention response time of 0.17 seconds.
Payments Domain
• Cash Pool: Offering value added services from banks to corporates across the world for effective cash management. The service comes with a capability of handling more than 500+ accounts, currently offered for 3 banks.
• Payment Platform: Managing domestic, international and SEPA payment initiations, with processing as per ISO 20022 standards.
• Message Transformation Engine: Solution to convert payment messages from any one format to another. Examples include ISO and SWIFT.

Our solutions include:

• SEPA-compliant payments solution for a Nordic customer.
• Electronic payments system with Check 21 capabilities for an ACH service provider in the USA.