Payment Services

From domestic payment networks to SEPA payments, from innovative payment services to SWIFT.

Since the birth of civilization, payment services innovation never stops - we've travelled a long way from trading with shells and beads to cryptocurrencies. Fortunately, there are industry-standard solutions for Financial Institutions in order to provide payment services and there are constant efforts to perform interbank payments within standardized and governed frameworks.

Several Advocate consultants have significant experience and in-depth knowledge in traditional and innovative payment services, for example:

  • HUF domestic payment networks (IG2, IG3, VIBER)
  • SEPA payments
  • SWIFT network
  • Letter of credits

Advocate Organization Development has a leading role in supporting Hungarian Financial Institutions in order to be able to provide payment services. Our professional consultants use their expertise and experience in different business and development activities that are related to:

  • Business workflow and process optimization: evaluate and review business processes, identify bottlenecks and future-oriented solutions to existing problems.
  • Support and lead product development and supervise sales channels: design and introduce new solutions: instant payments, SEPA-integration, e.g.
  • Regulatory compliance: consulting and development services to comply with SWIFT mandates
  • Providing end-user support and consulting services for well-known systems and processes provided by: SWIFT, Intergiro, VIBER, SEPA payments.
  • Providing IT Business Analysis, Development and Testing services: IT consulting services for bank card related systems, middleware and distributed interfaces/applications (interfaces and integration to Core Banking system, integration to Internet Bank/Mobile Bank solutions, etc).

Latest Payment Services Projects


Direct Debit introduction for Credit Card installments

Using direct debit for Credit Card installments repayment became a necessary service offered to the customers, however introducing such a service poses many challenges, from loan origination to digital channels as well, besides the necessary developments regarding the payment services infrastructure. Advocate consultants were responsible in sevaral Hungarian financial institution for the business and technical analysis and testing tasks, making sure the introduction of the service was as smooth as possible.

Secure Online Payments

PSD2 obliged banks to mandate strong customer authentication (SCA) for approving online payments with their credit or debit crads (card-not-present transactions). All card services providers had to introduce a way to do this and with the help of Advocate consultants several Hungarian Banks were succesfully introduced new, PSD2-compliant methods of secure authentication with SMS or bimoetry-based authentication procedures.

HUF Instant Payment

We are leading and participating in Instant Payment projects in many Hungarian Financial Institutions. Providing IT Business Analysis, Development and Testing services.

Payment Architecture Renewal

Lead architecture renewal projects, converting legacy procedures to middleware-using solutions in many Financial Institutions, providing IT Business Analysis and Testing services.