Payment Gateway

I have been involved in re-architecture projects of two payment systems. I have put down some of my thoughts here.

Payment Categories

• P2P: Person to Person

  • B2C: Business to Customer

  • B2B: Business to Business

  • C2G: Citizen to Government

Front End Channels

• • Mobile

  • Customer e-com portal

  • Web Site (3D Secure/Payment Capture)

  • Social Channel like Facebook/Google+ using XMPP integration

  • Secured Web Services (for e-commerce sites).

  • Retail Point of Sale

  • ATM networks

Back End Channels

• • SWIFT

  • ACH (Automated Clearing House)

  • Payment Networks (Master/Visa/Amex)

  • Direct Bank Integration

  • Mobile Wallet Integration (ONUS/OFFUS)

Functional Modules

• • High Velocity Payment Switch

  • Accounting & Recon Hub

  • Payment Hub

  • Fraud Management (Online, Offline)

  • Compliance (KYC, AML/CFT)

  • Audit & Control

  • B2B Partner Management

  • Service Governance & Business Rules & Policy Management

  • Exceptions & Business Process Management