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Smart Dynamic Routing with Automated Payment Processing

04-24-2018 01:09 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Techforceinfotech

SMART DYNAMIC ROUTING

SMART DYNAMIC ROUTING

SMART DYNAMIC ROUTING is a web application which built to identify the best possible payment gateway based on incoming transaction details, merchant preferences and past performance of payment gateways. This is built on rule based engine which allows to automate the gateway selection process as per various rules and their precedence.

One of the biggest factors that can influence Fintech Industry (Inc.shopping cart / E-commerces / etc...) is the failure of transactions. It is commonly experienced that when we are making an online transaction, suddenly something goes wrong and the transaction fails due to unknown reasons. What are those reasons and what is the best way to control them? Smart Dynamic Routing is one of the most innovative and smart payment gateway solutions that positively impacts the transaction success rates of an online business and helps the online customer breeze through the entire process of buying.

Techforce Infotech having a technical experts which provides innovative solutions to existing and new customers to create and adjust smart routing rules, ensuring fast and reliable implementation.

Objectives:

1. Find the best approach for single integration with all multiple gateways.

2. Work on a strategy which helps saving processing fee.

3. Use of AI for payment gateway integration selection.

Key Features:

1. Manage Merchant Information.

2. Manage Rules for Payment Gateway Selection.

3. Identify the best possible Gateway for the incoming transaction using historic data and configurations.

4. Integration with the external system for Payment Gateway History.

5. Role-specific features.

Key benefits:
1. Implemented the SMART DYNAMIC ROUTING SYSTEM to achieve one stop for all payment.
2. No need to integrate with multiple Payment Gateway.
3. Automatically routes of payment gateway base on Transaction.
4. Clients do not need to change the system while Payment Gateways upgrade or the API.
5. Multiple Currency Processing.

Top Benefits Achieved
1. 75% Improvement in transactions success rate.
2. 45% less processing fee while configuring another payment gateway.

Techforce Infotech is an India based open source consulting company providing easy payment gateway integration, solutions and services. We are offering best Fintech services in USA, UK, and India. We have experienced development team that produces custom web applications of any complexity for small & large businesses."

403, Venus Benecia, Bodakdev,Ahmedabad - 380053
+91 (79) 48904529
reach@techforceinfotech.com

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