Precision in End-to-End Payment Processing.
Payment processing is a critical sequence of actions that facilitate the secure transfer of funds between a payer and a payee, underpinning the global economy's financial transactions. This multifaceted process encompasses authorization, verification, validation, settlement, and reconciliation, all carried out seamlessly through electronic payment systems.
Payment processing trends prioritize speed, security, and convenience. Enhanced fraud detection using AI and machine learning is crucial. Payment processors focus on seamless integration, data analytics, and sustainable, ESG-aligned payment solutions.
At the forefront of this financial evolution is our commitment to support the world's largest financial institutions in their payment processing endeavors. Through the provision of robust payment infrastructure, dedicated development efforts, and unwavering support, we empower these institutions to navigate the complexities of modern finance with confidence and precision.
As a trusted partner for prominent banks, we excel in managing end-to-end payment processing on their behalf. Our comprehensive approach ensures that every facet of the payment journey, from the initial authorization to the final reconciliation, is executed flawlessly, enhancing operational efficiency, security, and transparency. In an era where payment processing plays a pivotal role in shaping the global economic landscape, our expertise and dedication serve as the cornerstone for financial institutions seeking to provide their customers with a seamless, secure, and efficient payment experience
Coforge offers a range of services and solutions for card processing in different areas like customer accounts (both individual and corporate), handling different types of cards (magnetic stripe, chip, contactless), managing customer service representatives, processing delinquency, charge-off and collections, managing loyalty points and rewards, reconciling data across different levels, managing user access, handling letters and statements, processing interchange and chargebacks, and managing tokenization for technologies like Applepay and SamsungPay etc
Success stories.
Case study | Banking and Financial Services.
17% faster processing of card disputes for issuing bank, client of leading payment processor.Case study | Banking and Financial Services.
Coforge deploys Payment Investigation System for a British multinational bank, resulting in 70% savings.Case study | Banking and Financial Services.
Coforge automates payment screening solution for a large EU Bank.Case study | Banking and Financial Services.
17% faster processing of card disputes for issuing bank, client of leading payment processor.
Case study | Banking and Financial Services.
Coforge deploys Payment Investigation System for a British multinational bank, resulting in 70% savings.
Case study | Banking and Financial Services.
Coforge automates payment screening solution for a large EU Bank.
WHAT WE DO.
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