About the Company
Global Fintech company focused on customizing, modernizing and launching it core Payment product to US market targeting Instant Payments with FEDNOW and certifying with other payment rails.
Background of the Business Problem
- Request to ensure market readiness of Veracious PaymentHub solution integration with payment gateways and the Instant Payment ecosystem, supporting the ISO20022 specification. Requisition to conduct comprehensive testing and certification with FedNow Services.
Our Approach & Solution
- Infinite integrate the veracious solution with leading payment gateway that can support both card-present and cardnot-present transaction.
- Veracious smart routing & execution engine Integrated with “PayApt” an Instant Payment simulator for accepting and processing message formats which address key functionality like Receive Only, Send & Receive, Request for Payments.
- PayApt direct integration with veracious used to initiate and validate 2000+ test cases. Simulator impersonates FI on other side and sends appropriate response back to veracious with validation response.
Business Outcomes
- Payment Hub facilitates processing and managing multi payment types. It serves as a centralized hub for validating, decisioning, routing, processing & monitoring payments with high efficiency, control and visibility over the entire payment process.