Cards and Payments Application Development and Maintenance, Professional Services and Integration Services

Create a vendor selection project & run comparison reports
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.


The global card-based payment industry's processes continue to evolve in line with changing market needs. Players that are unable to update their customer-facing or back-end functionality run the risk of alienating customers and ultimately their competitive position. Our Comprehensive solutions delivers value across the payments ecosystem of Issuers, Payment Gateways, Processors, Card Associations, and Acquirers. Offerings Platform-driven architecture, Customer Experience, Omni Chanel Approach, through open interfaces/APIs, Risk & Compliance Framework.

  • Debit Cards
  • Credit Cards
  • Charge Cards
  • Prepaid Cards
  • E Wallet & Mobile
  • Corporate Cards

Key Features

Our broad offerings in card and payments

  • Customer Acquisition
    • Marketing / Promotion
    • Application Capture
    • Application Validation & Screening
    • Application Scoring
    • Credit Bureau Check
    • Application Approval
    • Status Communication
  • Card Issuance
    • Account number Generation
    • Card Offset Generation (CVV, CVV2, PVV)
    • PIN Generation/Delivery
    • Card Embossing/Delivery
    • Account Activation
    • Digital Wallet
  • Customer Servicing
    • Account Servicing
    • Billing and Payments
    • Disputes
    • Communication Management
    • Customer Retention
    • Fraud & Risk
    • Merchant Servicing
  • Loyalty Management
    • Offer Management
    • Rewards Management
    • Social Media Engagement
    • Partner Management
    • Loyalty Servicing
    • Social Media Integration
  • Payment Network
    • Participant Set Up & Creation
    • Credit Authorization
    • Fee Management
    • Clearing and Settlement
    • Network Disputes
    • Participant Data Transformation
    • Storage and Retrieval
  • Financial Account Management
    • Account Payables
    • Account ReceivablesStatements
    • Remittance Processing
    • Customer Expense Management
    • Invoicing
  • Risk & Fraud Management
    • Credit Risk
    • Offer Risk
    • Fraud Identification & Reporting
    • Collections
    • Operational Risk
    • Authorization RiskCredit Line and Cash Management

Key Benefits

  • Highly scalable platform that accommodates changing business requirements and faster go-to-market
  • Mindtree’s Open Banking and PSD2 accelerator reduces core implementation time by 30-40% and puts both banks and 3rd party developers on the fast path to realizing the compliance and business benefits of Open Banking adoption.
  • Near real time payment settlement
  • Automatic matching of transactions without any duplication of effort.
  • Process efficiencies ensuring significant reduction in time taken for credit approvals
  • Comprehensive alert audit enabling transparency and compliance
  • Self-learning and automated detection of new rules
  • Real-time updates to ensure relevance in a fast-changing AML environment
  • Enhanced customer (merchant) satisfaction due to flexible self-service
  • Process efficiencies ensure 40-60% reduction in merchant onboarding time resulting in:
  • Scalability and faster go-to-market for cross/up-sell of products and services
  • Quick parameter updates to ensure compliance in a fast-changing, complex regulatory environment

Product/Service details