Transform your Card Payments platform with Worldline software

01 / 09 / 2021

Discover our modern Card Payments solution, part of our core processing and powering top Financial Institutions. Based on an open architecture, with a rich API catalogue and designed for industrial processing. Interested to know how we can sustain the economic growth of your company?

2 min.

Payments Business insights

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Backdrop

Over recent years, the global economy has been shaped by the disruptive competitive gains introduced by new business models, new products and new services built on modern IT technologies and architectures. The financial industry is one of the most affected sectors, with the growth of Fintechs and fully online Neo Banks creating new businesses and revenue streams, and increasingly taking some of the long-established market shares of traditional Financial Institutions.

Technology has always been a key success-factor in the Financial industry, in different ways. Through the years, helped by trusted technology providers, it allowed institutions to grow in a trusted and secure way, automating transaction processing, back-office book-keeping, reporting and optimizing branch-based activities.

More recently, technology drives customer-centric business models, based on 24/7 and real-time transacting, relevant offers and information while securing privacy, all built on a true multi-channel infrastructure for a seamless shopping experience.

Moreover, new banking regulations, aimed at fostering competition through Open Banking, have enabled new technology-based businesses that require strong coordination, even close cooperation, between Fintechs and traditional Financial Institutions.

Under these conditions, technologylead ventures have enabled Fintechs and Neo Banks to enter what was once seen as crowded, traditional and highly regulated markets, with high entry barriers, and introduce highly competitive services, both expanding the market with innovation as well as taking market from established players.

Technology challenges for a consumer-centric Issuing service

Over recent years, the global economy has been shaped by the disruptive competitive gains introduced by new business. Customer-centric business models operate on top of the traditional issuing business, often involving multi-party or aggregation services that require integration and simple connectivity using modern interfacing technology.

To meet the challenges ahead, Financial Institutions are making technology investments in modern platforms, aligning with Fintechs and other tech-based businesses. Investments are made on digital transformation projects to replace legacy platforms and implement costeffective distributed systems.

Open services-oriented architectures with standard APIs are favoured, with seamless channel connectivity, secure authentication and multiparty integration to merchants, marketplaces, Fintechs, among others.

Accelerated product and service lifecycles demands flexible technology with the ability to finetune and differentiate over iterative and incremental deployments.

For this, the software platforms must have rich parameterization capabilities using for example rules-based business logic for speed-to-market.

Increasing competition from new entrants into the issuing business creates pressure on the overall margins as well as higher customer churn.

Consequently, IT departments are challenged to create lasting savings by reducing the total cost ownership (TCO), often through the replacement of legacy platforms, with expensive out-dated support contracts and tied to old technologies and skillsets hard to find on the job market.

Sustained TCO reductions can be achieved through the partnership with software vendors that use their own platforms to offer processing services. Such partners are strongly motivated to optimise the overall TCO and to reduce operational risk through the efficient use of hardware and careful selection of third-party software.

Finally, the use of Cloud Technologies for payments processing, promises great benefits in terms flexibility and speed-to-market, combined with operational efficiency and cost optimizations made possible via dynamic allocation of resources. It is therefore an important consideration for future-proof implementations, especially for large volume issuers.

Worldline Issuing Platform

Solution functions	API	Authorization Card Issuing	Fraud Management, Account Management	Clearing & Settlement, Product Management	Dispute Management	API
Product types	Credit	Installments	Prepaid	Debit	Deferred Debit	Charge
Consumer offering	Virtual Card	Digital Wallet	Instant Issuance	Promotions	Dynamic Card Control, Forex Card	Salary Card, Buy Now Pay Later
Delivery model	Processing	Software as a Service	Hosting	Cloud	Licensing
Partner ecosystem		Open APIs	Ecosystem integration	Digital use cases	Value-added services
Business benefits	Speed to Market	Differentiation	Competitive edge	Customer Retention	Customer Growth

Issuing Backoffice

The Issuing Back-Office module supports the life-cycle processing for multiple card types, both proprietary as well as international card scheme brands. It supports all current payment standards such as magnetic stripe, EMV, contactless and virtual cards, as well as other key features such as product and contract management, customer management, flexible address management, account lifecycle management. It is multi-institution, multi-language and multi-currency system developed under a modern Services Oriented Architecture platform, with loosely coupled services for flexible integration within existing environments.

Key Features

Rules-based configuration through own scripting language
Card products and Contract Management
Card Management: technology, personalization data, relationship to customers and accounts, activation, renewal, re-issue
Customer data
Account Management - support debit, prepaid, charge and revolving credit
Service definition: type of transactions allowed, restrictions and exceptions
Card and Account issuing fees
Open Architecture - Linux
Multi-node distributed clustered architecture at application level as well as database level for High Availability and Scalability
Support for International Card Schemes Clearing processing and Dispute Management

Issuing Backoffice

Key Features

Support for International Card Schemes
Rules-based configuration through own scripting language
Configurable Transaction Workflow
Flexible Authorization methods - Stand-alone Authorization, Stand-in to host with Store and Forward and fully online authorization
Open Architecture – Linux
Multi-node distributed clustered architecture at application level as well as database level for High Availability and Scalability
Active-Active deployments
PA-DSS compliant

Online Watcher

Transaction processing Rules-based checks Route to Machine Learning engine

WL Pay Online Watcher is a real-time fraud detection and prevention engine for integration with any payment authorization system to reduce the client’s exposure to financial losses in real-time. It has flexible parametrization capabilities allowing clients to control their specific business rules and thresholds for declining suspicious authorization or generating alerts for later review.

Instant Score

Real-time Machine Learning engine Transaction Scoring

WL Instant Score is an advanced real-time fraud scoring component based on Machine Learning (ML) models that include industry-specific optimised features. It analyses online payment transactions against highly tuned ML models that are developed by our fraud Data Scientists and in collaboration with our R&D departments. The models incorporate Worldline’s knowledge and experience in combating fraud and have the inherent capability for continuous automated learning based on the specific target environment.

Case Manager

Fraud Alert processing Case Management

Worldline has many years of experience in actively combating fraud, both as issuing processor as well as acquiring processor. The WL Pay Fraud Case Management module encapsulates our expertise in practical day-to-day alert management and investigation. It supports different user roles and strict data segregation.

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