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

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

  • 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