Payments Practice

The eCommerce / mCommerce domain is witnessing a high growth both in terms of the volumes and penetration globally. With the predicted growth rates in this space, the associated payment industry will see a robust growth, with the increasing adoption of the mobile technologies and reach of the communications network, especially in the emerging markets like India.

Parinati works as an end-to-end technology partner with our payment industry based customers, offering services across the lifecycle of payment products. Parinati has extensive experience in developing products and applications in the Payments domain across the areas as below:

  • Product Development
  • Maintenance and Enhancements
  • Production Support
  • Developed payment products based on emerging technologies such as Angular and Nodes JS

Parinati has worked on creating…

  • Payment aggregators
  • Bill payment and presentment
  • Mobile wallets

Parinati has Subject Matter Experts (SME) in the Payments area, who provide the necessary business knowledge to the technical teams.

Parinati is the one-stop technology shop for all Payments related requirements.

Main Payment Function Areas

Payment Aggregator Functionality

Aggregator Setup

  • Definition of operating mode, country, currency
  • Map payment gateways
  • Fee definition
  • Volume Velocity rules definition
  • RFC rules definition

Merchant Onboarding Lifecycle Management

  • Workflow based with maker-checker principle implemented as required
  • Integration with merchant checkout page

Integration with Payment gateways

  • Net Banking
  • Credit Cards / Debit Cards Transactions
  • Immediate Payment Service (IMPS)
  • 3-D Secure authentication

Transaction Processing

  • Support for merchant hosted / aggregator hosted payment pages
  • Compliance, volume velocity and RFC rules check
  • Online double verification
  • Communication of payment status to customer

Reconciliation, Settlement & Payout

  • Bank Reconciliation processing
  • Merchant Settlement processing
  • Payout Report

Refund Processing

  • Refund through API
  • Bulk refund booking

Risks, Fraud & Compliance checks

  • Merchant Risk Assessment
  • Negative relationship management
  • Risk assessment at Transaction Level
  • Chargeback management

Merchant Panel

  • Merchant Profile
  • Change Password
  • Authorize/Refund Transactions
  • Reports

Role-based Access Control

  • Definition of Roles and Groups
  • Assigning Users to Groups and Roles
  • Definition of Features
  • Assigning Features to Roles

Bill Payment and Presentment Functionality

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Mobile Wallet Functionality

Back-Office Functions

  • Service Provider Management
  • Agent Management
  • > Agent, Sub-Agent, Retailer
  • Merchant Management
  • Commission and Fee Structure definitions
  • Velocity rules definitions Corporate
  • > Register / Authorize Corporate
  • > Corporate User Management
  • > Load Fund
  • Roles based Access Control
  • > User Management
  • > Group, Role, Activity Management

Front-End Functions

  • Customer Registration – Self / Assisted
  • Transactions – Customers
  • > Cash In / Cash Out
  • > Send Money – registered /non-registered users
  • > Request Money
  • > Pay Merchant
  • > Link / Delink Bank Accounts
  • > Pay Bill
  • > Airtime Top-up
  • Transactions – Agents
  • > Float Deposit / Withdrawal
  • > Push / Pull Float
  • > Airtime Top-up
  • > Viral Pick
  • Transactions – Merchants
  • > Transfer Money
  • > Refund / Reversal

Social Payments

  • Multi-Currency Support
  • Social Payments via
  • > Facebook
  • > Twitter
  • Split the bill payments to group of user
  • Share money via chat