Payments
Payments
Our expertise :
The accelerated digital transformation triggered by the Covid-19 pandemic has profoundly disrupted consumption and payment habits, extending far beyond the banking sector. The world of payments now spans numerous industries: banking, finance, manufacturing, public sector, retail, and e-commerce.
Within this rapidly evolving ecosystem, a new subset of digital players has emerged. As a subgroup of FinTech, PayTech focuses on the entire payments value chain, including payment service providers (PSPs), technical acquirers, payment networks with new offerings, and payment technology providers.
At TNP, we support the entire value chain, from issuers to merchants, working with not only banking actors but also those in industry, retail, and the public sector.
We assist our clients in creating and optimizing payment journeys and processes and guide them in framing strategic payment projects. Our mission is to help you navigate the complex, ever-evolving payments environment where innovation and regulatory compliance are key challenges.
#Your Challenges
The payments sector is evolving rapidly, presenting major challenges for both banks and new market players. At TNP, we address these challenges through four key focus areas:
- Payment solutions innovation: Integration of innovative technologies such as instant payments, cashback, Buy Now, Pay Later (BNPL), credit scoring, and embedded payments.
- Payments and Artificial Intelligence (AI): Leveraging AI for fast transaction processing, fraud and cybercrime reduction, predictive analysis of conversion rates, personalized banking services, and automating compliance and regulatory processes.
- Enhancing the customer experience: Designing seamless, omnichannel payment experiences, including digital wallets and payment platforms for frictionless user journeys.
- Fraud prevention: Implementing robust fraud prevention systems utilizing advanced technologies like AI to ensure transaction security.
- Regulatory compliance: Adapting to regulations like PSD2, 3DS2, PCI DSS, and integrating Open Banking principles to enable P2P payments and digital identity solutions.
#Our Strengths
- Deep expertise in the payments ecosystem: Strategic partnerships with FinTech, PayTech, and payment service providers (PSPs) that keep us at the forefront of innovation in the sector.
- Strong track record: Proven experience managing large-scale transformation projects related to payment systems, transaction processing, and regulatory compliance.
- Ongoing strategic monitoring: We continuously analyze emerging trends such as digital currencies and CBDCs (Central Bank Digital Currencies) to stay ahead of market developments.
Our Offerings
- Designing innovative customer journeys: Optimizing user journeys and creating digital experiences centered on personalization, engagement, and simplicity.
- Regulatory compliance assistance: Supporting alignment with the latest banking and payment regulations to ensure security and compliance.
- Core banking systems management: Managing and optimizing essential banking systems to ensure efficient and secure payment processes.
- Solution benchmarking: Conducting comparative analysis of market solutions and assisting in the selection of the best-fit options based on business needs.
Case Studies
Designing Customer Journeys for Wire Transfers and Cash Management
A simplified customer journey and reduced costs: These were the results achieved by our retail banking team through the implementation of digital projects related to wire transfers and cash management within a major French bank.
Results:
Customers gained autonomy (and satisfaction), while the bank significantly reduced its costs.
PCI-DSS Compliance
For two major French banks: identification of operational risks related to the PCI-DSS standard. This standard, developed by the Payment Card Industry Security Standards Council (which includes Visa, Mastercard, and other networks), aims to protect sensitive cardholder data.
Results:
The first PCI-DSS certification was obtained in 2018 (and has been renewed annually) for the data center scope. The next goal: certification scheduled for 2022 for the merchant acquiring sector.
EPI / WERO Implementation
For two major French banks: identification of operational risks related to the PCI-DSS standard. This standard, developed by the Payment Card Industry Security Standards Council (which includes Visa, Mastercard, and other networks), aims to protect sensitive cardholder data.
Results:
The first PCI-DSS certification was obtained in 2018 (and has been renewed annually) for the data center scope. The next goal: certification scheduled for 2022 for the merchant acquiring sector.
