In today’s crowded payments market, established card issuers and new market entrants, require flexible solutions that enable them to manage all card types, including credit, debit commercial and prepaid, through all stages of their lifecycle.
Having solutions in place that gives issuers the freedom to define their card products, is critical to allowing them to innovative within their markets, adapt to new regulations and compete quickly and dynamically.. This also requires daily involvement from business, marketing, IT and operation functions, so it is crucial that all have access to the right information and business processes and that this access is streamlined to optimise operational costs.
Digital transformation, FinTechs and regulators are putting additional pressures on issuers to provide mobile and innovative services directly to their consumers. European regulators are also forcing issuers to open access to their accounts, which is driving a common challenge: the ability to expose Open APIs to be consumed by third-party providers.
HPS’ PowerCARD product suite is able to help issuers to address the challenges facing the Front and Back office operations using PowerCARD-Switch and/or PowerCARD-Issuer.
PowerCARD-Issuer provides complete services for issuance and management of all payment types in all formats (credit, debit, prepaid, etc.).
PowerCARD-Issuer has been developed to support all kind of issuers, from small to large and global financial institutions, banks, credit companies, retailers and private card processing companies.
The system has full multi-currency, multi-product, multi-institution and multi-language capabilities and manages card portfolios across different countries and for different issuers on a single global platform.
PowerCARD-Issuer’s rule-based engines allow the modernization of financial institutions’ payment systems to achieve origination from any channel and any format, add advanced workflow design to improve the collection and use of payment information.
PowerCARD-Issuer architecture supports configurability, access and use of information, which is not readily possible in a more rigid, black-box environment.
PowerCARD-Issuer also supports all the backoffice functions associated with running the card issuance activities – examples include fraud and risk management, chargeback, disputes and collections management.
A customer service focus is essential to the success of the issuers’ payments business. At the heart of PowerCARD-Issuer is a powerful relational database, giving a consolidated view of the customer and the customer’s transactions allowing revenue growth through customer retention and acquisition. Issuers can view their complete relationship with individual customers, and customer data is readily available for customer pro ling and segmentation activities.
PowerCARD Connect’ APIs is an online portal that provides more than 120+ APIs to allow any third party system to trigger services or use data stored on PowerCARD and any third party developer to build innovative applications using PowerCARD data and services
PowerCARD-xPOS allows multinational retailers, retail banks and payment service providers to be able to rapidly roll out new services and simplify worldwide device deployment while controlling maintenance and administration costs.
PowerCARD-xPOS supports any kind of payment devices: standalone POS, ePOS (integrated cash register), Mobile POS,…
PowerCARD Connect’ Transacting APIs exposes APIs for 3rd party to feed authorizations and transactions to PowerCARD-xPOS.
PowerCARD-xPOS has a native built-in interface with PowerCARD-Switch to optimize operations but can also integrate seamlessly with other external solutions.
PowerCARD-xPOS configures devices through a complete set of parameters, it also manages device lifecycle and provides device inventory.
PowerCARD-xPOS drives devices, switches authorizations and captures transaction data. The solution enables value-added services such as DCC (Dynamic Currency Conversion), bill payment, mobile top-up, instalments, cash-back,…
PowerCARD-xPOS is a multi-protocol solution and device agnostic. Devices managed by PowerCARD-xPOS can accept all types of cards (magnetic, EMV and chip cards, contactless etc.) being prepaid, debit, credit, loyalty or private label cards.
