Implementation Partner with transactility
RCX offers a comprehensive suite of functionalities to support payment transactions, including acquisition, authentication, routing, switching, and authorization across various input channels, such as ATMs, POS terminals, kiosks, and online platforms.
A payment switch is a critical piece of technology that facilitates the routing and processing of financial transactions between various systems. These systems could include banks, card networks, payment gateways, ATMs, and Point-of-Sale (POS) systems.
RCX Integrators work alongside financial institutions or businesses to customize, deploy, configure, integrate, and support the payment switch, ensuring that it operates securely, efficiently, and in compliance with industry standards.
Solution Design and Architecture
We help design a robust and scalable payment switch architecture tailored to the client’s needs. We ensure that the system can handle high transaction volumes and integrate with multiple payment channels (cards, digital wallets, mobile payments, etc.).
Assessment: We begin by assessing the client’s existing infrastructure, payment workflows, and business requirements.
Customization: We customize the payment switch to meet specific needs, such as integrating with third-party payment processors, complying with regional regulations, or enabling support for various currencies and payment methods.
Integration with Multiple Systems
Payment switches need to connect to various systems, such as core banking systems, card networks (Visa, MasterCard, etc.), payment gateways, mobile wallets, ATMs, and POS systems. We facilitate these integrations to ensure seamless communication between the systems.
Security and Compliance
Given the sensitive nature of payment transactions, security is paramount. We ensure that the payment switch is compliant with industry standards, such as PCI DSS (Payment Card Industry Data Security Standard), and that encryption, tokenization, and other security protocols are in place to safeguard transaction data.
Testing and Quality Assurance
Before deployment, We conduct extensive testing to ensure that the payment switch works seamlessly across all channels and systems. This involves load testing to handle peak transaction volumes, as well as functional and security testing to ensure compliance and minimize downtime.
Performance Testing: Ensuring the system can handle the expected transaction volumes.
End-to-End Testing: Validating the entire payment processing flow, including payment authorization, settlement, and reporting.
Deployment and Go-Live Support
We manage the deployment process, which includes migrating from legacy systems (if applicable), configuring the payment switch in the production environment, and ensuring everything is operational.
Staging Environment: Testing the system in a staging environment before going live ensures minimal risk during the actual deployment.
Go-Live Support: During the go-live phase, We provide real-time monitoring and support to ensure smooth operations and resolve any issues that may arise.
Ongoing Maintenance and Support
After the payment switch is live, We typically offer ongoing support, including system monitoring, troubleshooting, regular updates, and enhancements. They help optimize performance, adapt to changing business needs, and ensure compliance with evolving regulations.
24/7 Monitoring: Continuous monitoring of transaction flows to identify potential issues or downtimes.
System Updates: Regular updates to the software to incorporate new features, security patches, and regulatory changes.
