Global Payment Solutions For Merchants & Sellers

Data Products
June 28, 2018

About The Customer

A leading global provider of payment solutions dealing in

  • Credit / Debit Card Payments
  • High Risk Processing / Low Risk Processing
  • Bank Direct Debits
  • Recurring Payments
  • Pay To Card

Problem Statement

  • Loss per transaction on account of Risk & Fraud
  • No mechanism for Transaction Surveillance and Fraud Detection
  • Problems around legacy Enterprise Application Integration
  • Legacy Transaction Security & Routing Mechanism

  • Project Scope

  • Design a platform for effective Transaction Surveillance and Fraud Detection
  • Improve Transaction Security by implementing the latest in Transaction Security & Routing
  • Fix issues around Enterprise Application Integration
  • Reduce Cost Per Transaction on account of Fraud
  • Deliver Project within Time lines and Budget

  • Our Approach

    We started with the product vision, Defined the project scope, and captured user requirements. Then we created an execution plan based on the Agile software development framework. We divided product feature delivery into multiple sprints. At the end of each sprint, we accommodated user feedback and then rolled out the feature.


    Solution Design

    We design a modular solution allowing for easy enhancements and API integration that allowed for Transaction routing, Transaction Surveillance, Fraud Detection, Identity Management, Velocity Control, GeoIP, Bank Identification Databases, and local black lists


    Success Factors

    bCubex provided solution in shape of Technical Consulting by building Fraud & Transaction Monitoring System. Paymundo significantly reduced cost per transaction
    Paymundo significantly reduced cost per transaction