Implementation of Payment Service Providers

aye4fin assists in the implementations of payment systems, online stores, market platforms with homogeneous and mixed sellers and the development of platform-oriented business models. We differentiate between market, technology, project phases and operation.

Market

Possible business models:

Different models of payment providers are for example Collecting PSP, Technical PSP, E-Money Institute, Gateway, Acquirer. In addition to the business models, the economic impact of choosing different business models is also described.

Business Case Calculations:

Developing or evaluating business cases within the payments industry.

Market Research:

Current trends in the payments industry. Research of geographic, technical, economic developments together with M&A trends.

Creating unique USPs:

Advice on how to create USPs as a financial services provider.

Payment methods:

Overview of payment methods, their functionality, geographic reach and recommended pricing.

Roles and Responsibilities:

Information is also provided on the division of responsibilities roles involved in offering payment services.

Technology

Backend Perspective:

There are a variety of back-end technologies required to offer payment services, including gateways, acquirer connectivity, risk management, verification services, process bus, export and import APIs.

Front-end perspective:

Get an overview of front-end technologies to offer payment services, including provisioned payment pages, payment plugins, Server2Server integrations.

System Perspective:

We give them an overview of various technologies used to offer payment services, e.g., reconciliation, reporting, business intelligence.

Management perspective:

This includes the systems required to perform administrative tasks and provide payment services, including reconciliation, billing, CRM, accounting, debt management, commission calculation (for commission agreements).

Project phases

Planning:

During planning, we assist them and provide step-by-step guidance on setting up a payment provider, including milestones and timelines.

Organization:

Establish an organizational structure to support payment activities within the desired geographic and functional scope.

Budget:

To enable a successful payment processing business.

Product Offering:

We create for them the definition of the desired product configuration, e.g., payment methods, collection models, pricing designs.

Product roadmap:

In the area of the product roadmap, we advise you to achieve the desired payment product.

Team:

We define for them the required team and related skills for each position to manage a payment service provider.

Operations

Business Processes:

Business processes that need to be executed by a payment provider, include due diligence, onboarding, risk management, partner management, and account management.

Technical Processes:

aye4fin supports you with the technical processes that need to be executed by a payment provider. This includes 1st and 2nd level support, multilingual support, understanding rejection reasons and managing acquisition settings.

KPI:

Specific KPIs that support the efficient management of operational activities.