PayGlobal360 aims to provide cardholders with a better shopping experience by preventing fraudulent Card-Not-Present (CNP) transactions. Cards dominate the Ecommerce channel, and mobile wallets are seeing a rapid uptick in usage.
At the same time, e-commerce will cut the pie as smartphones attract a rising share of digital shopping. Digital peer-to-peer (P2P) apps are supplanting cash in the day-to-day lives of users across generations as they become more appealing and useful than ever.
Cardholders feel uncomfortable when making a CNP transaction. Most card payment fraud comes from CNP transactions today.
Issuers are heavily impacted by CNP fraud. Issuers are heavily impacted by CNP fraud. Cardholders significantly change their behavior after experiencing it, which eventually results in huge revenue losses: 70% of cardholders will never use replacement cards again; the other 30% spend less than half the amount they previously paid before becoming fraud victims. Time to rethink the strategy and shed the old thinking way of processing as technology and processes aredynamically expanding horizons.
PayGlobal360® CMS (DCVV / Virtual Card)
PayGlobal360®™CMS is a unified platform for providing the integrated solution for financial institutions, processors and merchants for end to end issuing, acquire, authorization, routing and switching transactions across multiple channels.
Platform is highly flexible rule based with capability to support full range of functionality to perform any type of electronic payment transactions which includes transactions at the ATM and POS, as well as branch and telephone banking, mobile, ecommerce and internet banking.
PayGlobal360®™CMS brings the state of art payments platform with simplified processing and is future proofs from various experiences of the customers.
Simplified Automated Processing
PayGlobal360®™TFS brings a huge relief to customers when it comes to rule-based fault tolerant automated processing improving the cost-efficiency of payment processing. Single unified platform for hybrid processing of any transaction types eliminating the cost and complexity to invest in multiple platforms. High level of parametrization and configurations allows greater flexibility of introducing various business product with extremely low TCO.
Enhance Customer Experience
PayGlobal360®™TFS helps ensure consistency of service levels and information across consumer touch points. The fault-tolerant application takes advantage of the best-in-systems software for reliability and availability. In addition, PayGlobal360®™TFS can integrate to access the real-time data from any endpoints and execute fraud rules and perform payments analysis providing the organizations capability to bring down the payments risk and increase their profits.
Business Levers
End to End Value Chain
Any financial institutions, processors, aggregators and merchant can take advantage of our high-end technology architecture with PayGlobal360®™TFS. It has a robust orchestration with rule-based automation for all aspects of payment processing for any payment type, any channel, currency or payments network. It provides the ability to easily add new endpoints, process financial transactions across multiple eco-systems for any type of payments processing.
Deliver Real-time, Immediate Payments
Financial institutions and processors need to position their business to address rapidly changing market needs such as real-time, immediate payments and any-to-any payments, much faster and more efficiently.
Consumers expect ease, speed, convenience and always-on processing for their payment transactions in a secure environment. If these services are not met, the competitive opportunity gap widens, increasing churn and loss of market share. Financial institutions and processors need to shift their entire product and service mindset towards immediate delivery of payments as well as all of their bank offerings.
Technology Levers
Platform independence for lower total cost of ownership
Financial institutions are spending more on infrastructure and platforms every year than ever before which means the platform running are lacking the drivers of future proofs and technological upgrade. The need to reduce dependency on aging systems as well as lower hardware, operating system and maintenance costs has become paramount. PayGlobal360®™TFS by leveraging multi-environment, estimate that institutions can reduce technology operating costs by considerable margin while enjoying the same performance, scalability, reliability and high availability. PayGlobal360®™TFS also operates on HP Unix, IBM Series p and Oracle Sun servers.
Payments In The Cloud
PayGlobal360®™TFS is available on premise or in a virtual private cloud environment. PayNways provides world-class, cloud-based payment solutions and is tested on all major industry standards clouds and services is ready to be used by any organizations around the world to reduce time to market and minimize technical, operational and business risk. Virtual Private cloud-enabled services help organizations to plan the growth, introduction of various product into market and increase and expand business and customer offerings.
Ready to Start?
Harness our expertise and innovative PayGlobal360® platform. Connect with us to kick off your journey.