Overview

The Cards and Payments Industry is evolving at a rapid pace with new tools being launched, better platforms being designed, and new providers entering the market every other day. Evolving at an equally rapid pace, if not more, is customer behavior and their expectations. Today’s consumers expect an omni-commerce experience wherein their ability to pay across channels, be it online, in-store or handheld devices, remains seamless and unaltered. This in turn, mandates retailers as well as payment service providers to design simple, fast and secure payment options/offerings.

Trusted Partner in your Digital Journey

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Infosys brings on-board deep domain, technical and consulting expertise that can help Card issuers and Merchant acquirers in their digital journey by

  • Defining and developing an API roadmap
  • Assessing their situation and providing the best strategy to be followed:
      • Investing in value added services
      • Collaborating with other entities
      • Leveraging big data and predictive analysis
  • Identification of monetization areas for innovative/disruptive services

Infosys Value Proposition includes a business value model to assess the business impact of Open API, Architecture reference model to assess the IT impact of Open API, Architecture and Technology framework accelerators, Reference implementation & use cases, and Cross-industry Open API implementation experience.

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Challenges & Solutions

Machine Learning

Machine Learning is proving to be one of the most effective ways of curtailing fraud by closely monitoring huge datasets and identifying patterns and outliers.

Infosys Nia is a knowledge-based AI platform. It brings together Machine Learning and the deep knowledge of an organization to drive automation and innovation. This enables businesses to continuously reinvent their system landscapes.

Right Digital Transformation Approach

Developing the right digital transformation approach is an essential cornerstone for card issuers / merchant acquirers wishing to lead in the API economy

  • Edge API: offers a complete API management tool including value-added services, such as Point-of-Sale offers or ChatBots
  • Skava: e-commerce platform with microservices architecture to aid TPPs in establishing a digital channel.
  • EV Auth: enables compliance with SCA

Infosys Information Platform (IIP)

IIP leverages the power of open source to address big data adoption challenges such as inadequate accessibility of easy-to-use development tools; fragmented approach to building data pipelines; and lack of an enterprise-ready version of open source big data analytics platform that can support all forms of data – structured, semi-structured, and unstructured.