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New acquisition platform helps payment solutions provider achieve 80 % business growth

Scalable TietoEVRY solution supersedes homegrown legacy software for fast, efficient and secure payment processing.

Petri Syvänne

Head of Global Sales, Payment Solutions

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. 

ICO mandates monitored and changes deployed directly in system

Regular updates

ICO mandates monitored and changes deployed directly in system

No need for resource-heavy maintenance

Reduced costs

No need for resource-heavy maintenance

Meets PCI DSS regulations and requirements, amongst others

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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