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:
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:
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.