Head of Instant, Retail Payments and Cards
The challenge
Support the company to rapidly grow its business by replacing a homegrown legacy system with a modern payment processing solution.
The solution
TietoEVRY SaaS acquisition platform provides the client with a secure and scalable solution for handling large volume processing while meeting strict regulations.
About the customer
The independent payment solution provider has a large market share in its home market, handling over a million transactions a day.
Regular updates
ICO mandates monitored and changes deployed directly in system
Reduced costs
No need for resource-heavy maintenance
Regulatory compliance
Meets PCI DSS regulations and requirements, amongst others
Homegrown limitations
The independent payment solutions provider had built a successful business in a competitive market using its homegrown legacy acquisition software. However, it was resource-heavy. Over the years the system had grown to cater for the company’s needs, with little documentation to support it. The company’s progress was limited by the system and dependent on those who understood it. Growth opportunities were being missed.
Game-changing payment processing
To explore new opportunities and grow its business, the company asked TietoEVRY to analyze its current and potential future requirements and deliver a game-changing payment processing solution. Following an extensive pre-study, the decision was taken to deploy a bespoke version of TietoEVRY’s off the shelf payment solution. This would supersede the payment processing part of the homegrown solution.
Futureproof platform
By taking this step to deploy a new platform, the payment solutions provider wanted to futureproof its acquiring opertations. This meant deploying a solution that will:
- lower operating costs and reliance on inhouse system specialist knowledge
- meet strict regulatory regulations moving forward
- is scalable for large-scale transaction increase
- support existing functionality and processes in place
On top of this, TietoEVRY was responsible for development, implementation and maintenance, license management, training, and any further consultation necessary to support growth. Deployment was carried out iteratively to provide a smooth transition with minimal interruption to operations.
80 percent business growth
Since the new platform was deployed, the independent payment solutions provider has almost doubled its operations. The number of transactions has grown from 1 million a day to 1.8 million a day in just three years. This would not have been possible if they had not transitioned to the TietoEVRY solution.
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