Payments
Faster and more secure money transfers – that is what customers demand. With evolving regulatory frameworks and modern technology enablers, banks and payment service providers must transform their infrastructure and automate processes to optimize the operational costs.
Immediate payments in domestic and European context are becoming a “new normal”. Modern payment architecture must be then inevitably built on ISO20022 and Instant payment processing.
Banks are modernizing their payment landscape with legacy systems and functional overlaps to address customer expectations on 24/7 payment execution and upcoming regulatory requirements, optimizing running cost at the same time.
Sharing the payment infrastructure in the same way as sharing the ATM network and building the Shared Payments Service Centers will enable financial institutions to access the best-in-class payment services and consequently achieve significant cost reductions.
Let’s have payments under control together
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Our Payment experts with 20+ years of experience, supported by Trask's strong technical competencies and modern technologies, provide the end-to-end delivery of complex transformation projects.
Delivering Transformations With Real Business Impact
CBPR+ and TARGET2
ISO20022 Migration
Trask partnered with a tier 1 European banking group to steer a significant transformation project with a team of subject matter experts. With our experience, we have successfully executed the transition roadmap within each subsidiary's heterogeneous ICT landscape while collaborating with dispersed development teams across Europe. The project was successfully completed in March 2023 in accordance with ECB and SWIFT's time plans and qualitative requirements.
EURO adoption in Croatia
USACH Payment
Process Automation
For a US-based Expense Management SaaS provider, Trask delivered a key transformation project focused on automating domestic ACH payments through banking API aggregators, PLAID and Dwolla. Leveraging our expertise, we successfully designed automated payment processes and implemented an API payment connector. This solution enables users to seamlessly initiate payments to their vendors and retrieve transaction histories from their bank accounts for reconciliation.
E-commerce solutions in the Czech Republic and Slovakia
Card Portfolio Migration
In collaboration with Mastercard, Trask supported a major Czech bank in the complex migration of its debit and credit card portfolio. We provided guidance on product configuration, certification, and testing, as well as overseeing the overall migration execution. The project was successfully completed in alignment with the client’s milestones and qualitative standards, ensuring a seamless transition and enhanced operational efficiency.
Let's modernize your Payments infrastructure and processes together!
How can we help you do that?
Our consultants help your organization shape your payments strategy, optimize your IT landscape, perform any audit, and prepare your innovation roadmap. Their experience with various European and US banks gives you the advantage for your own business.
Complexity is when you deal with a complicated topic within a banking group, many departments, stakeholders, and technologies with a strict deadline and budget to respect. That is the daily work of Trask project managers, who can steer your initiatives on your behalf.
We are implementing new tailored solutions following the latest business and technological trends. From the partnership with Trask, you get reliable end-to-end service maximizing efficiency within the whole delivery lifecycle.
We provide maintenance and support of mission critical systems. The era of instant payments requires real-time monitoring, immediate IT intervention in case of identified issues, and a high-availability setup to keep the services up and running 24/7/365.
Talk to our specialists on Payments
Head of Payment Transformation Services
Principal Business Payments Consultant
