Cognizant Technology Solutions : Solutions : BFS

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Cards & Payments

Cognizant's Cards & Payments practice puts our understanding of the business and technology drivers in the payments industry to work for your business. The practice consists of domain experts who constantly analyze the latest business trends to provide state-of-the-art solutions aimed at having significant impact on key processes of payments solution organizations. Complementing the business knowledge is the extensive experience in developing, supporting, and implementing industry-focused solutions spanning across a wide range of technology platforms and business entities in the payments business.

Our payment card industry experience covers the entire spectrum of:

Products
Credit, Debit, Private-label, Stored Value, and Smart cards
Business Entities
Issuers, Acquirers, Third party processors, ISOs, Payment Solution providers
Process Areas
All processes grouped within Account Acquisition, Transaction Processing, and Account Management

Cognizant has developed significant domain expertise in emerging areas such as International payment engines, Electronic Bill Presentment and Payment (EBPP), Electronic Invoice Presentment and Payment (EIPP), P2P, P2B, and m-payments. We have also provided solutions in the area of electronic archival imaging, provision of efficient payment processing and seamless integration with various auction sites.

Our solution framework for Disputes Management helps improve chargeback processing. We also provide implementation and sustenance services for several leading third-party products, some of which include VisionPLUS, CACS, Capstone, and Debt Manager.

Tower Group® estimates Derivatives-related IT budgets at sell-side firms are growing at 12-15% annually, compared with 3-5% for Equities and Fixed Income.