Payment Systems Integration Solution
The Visa Direct and P2P connector allows a bank to perform instant transfers worldwide via the Visa Direct system, as well as using systems such as Zolotaya Korona, MoneyGram, RIA, UTP, MTS, and others. The solution enables transfers from Visa card to Visa card, top-up of prepaid cards, loan repayments via Visa cards, as well as outgoing and incoming transfers via connected money transfer systems.
The solution is primarily designed for banks providing transfer services to their clients.
Experience and Projects
- Main Functions: Sending international transfers via VisaNet, topping up prepaid Visa card accounts, loan repayment via Visa, as well as transfers between bank client cards (P2P). The connector handles financial and non-financial requests to the Visa Direct API, allowing the bank not to maintain its own transfer host. The system supports checks and limits on amounts and transaction counts within the connected Visa Direct service.
- Technologies Used: The solution is built on open-source technologies and requires no additional licenses. Visa Direct API is used for OCT transactions, along with bank server services for balance checks, response processing, and client notifications.
- Advantages: Connecting the connector allows banks to quickly offer clients international ‘card-to-card’ transfers without building complex infrastructure. The system ensures compliance with Visa and other international payment systems, transaction security, and flexible limit configuration.
- Implementation Examples: The connector is used in banks participating in the Visa Direct program, as well as for integrating QR China UnionPay transfers, opening new transfer channels for clients according to international payment system standards.
Contact us to discuss payment system integration possibilities