From domestic
payment networks to SEPA payments, from innovative payment
services to SWIFT.
Since the birth of civilization, payment services innovation
never stopped - we've travelled a long way from trading with
shells and beads to cryptocurrencies. Fortunately, there are
industry-standard solutions for Financial Institutions in order to
provide payment services and there are constant efforts to perform
interbank payments within standardized and governed frameworks.
Several Advocate consultants have significant experience and
in-depth knowledge in traditional and innovative payment services,
for example:
HUF domestic payment networks (IG2, IG3, VIBER)
SEPA payments
SWIFT network
Letter of credits
Advocate Organization Development
has a leading role in supporting Hungarian Financial Institutions
in order to be able to provide payment services. Our professional
consultants use their expertise and experience in different
business and development activities that are related to:
Business workflow and
process optimization: evaluate and review business processes,
identify bottlenecks and future-oriented solutions to existing
problems.
Support and lead product
development and supervise sales channels: design and introduce
new solutions: instant payments, SEPA-integration, e.g.
Regulatory compliance:
consulting and development services to comply with SWIFT mandates
IT Consulting, Business Analysis, Test
Management
We were helping
our partners in different projects, ranging from implementation
of interfaces and integration to Core Banking system, integration
to Internet Bank/Mobile Bank solutions.
IT Consulting services for Payment Services
domain
Our professional consultants use their expertise and
experience in different business and development activities that
are related to:
Providing end-user support
and consulting services for well-known systems and processes
provided by: SWIFT, Intergiro, VIBER, SEPA payments.
Providing IT Business
Analysis, Development and Testing services: IT consulting
services for payment services related systems, middleware and
distributed interfaces/applications.
Latest Payment Services Projects
Direct Debit introduction for
Credit Card installments
Using direct debit for Credit Card installments repayment
became a necessary service offered to the customers, however
introducing such a service poses many challenges, from loan
origination to digital channels as well, besides the necessary
developments regarding the payment services infrastructure.
Advocate consultants were responsible in sevaral Hungarian
financial institution for the business and technical analysis and
testing tasks, making sure the introduction of the service was as
smooth as possible.
Secure Online Payments
PSD2 obliged banks to mandate strong customer
authentication (SCA) for approving online payments with their
credit or debit crads (card-not-present transactions). All card
services providers had to introduce a way to do this and with the
help of Advocate consultants several Hungarian Banks were
succesfully introduced new, PSD2-compliant methods of secure
authentication with SMS or biometry-based authentication
procedures.
HUF Instant Payment
We are leading and participating in Instant Payment
projects in many Hungarian Financial Institutions. Providing IT
Business Analysis, Development and Testing services.
Payment Architecture Renewal
Lead architecture renewal projects, converting legacy
procedures to middleware-using solutions in many Financial
Institutions, providing IT Business Analysis and Testing
services.
