Building next generation payments architectures

The payments landscape is undergoing fundamental change, with increasingly stringent regulations playing a key role in European harmonisation. Technological innovation and more demanding customers are driving new payment services, opening up the marketplace to new competitors. Additional cost pressures are also forcing banks to re-think their payment infrastructures to remain competitive. 

Transforming payments capabilities

Sopra Steria has been at the forefront of the payments sector for over 25 years and today more than 100 banks are using our financial messaging and card management software worldwide. We have delivered and advised on some of the world’s largest systems, supporting transformation programmes that have entailed full end-to-end lifecycle implementations. You can rely on our solutions and expertise to help you:

  • Comply with domestic and European regulations 
  • rationalise and streamline all you payment activities.

 Advanced payments 

Our market-leading Stecard© solution for front office payments covers every requirement of card issuers and card processing systems alike, interfacing with ATM and self-service banking equipment, EB2A 5.2 and EMV POS terminals, the internet and mobile phones. It also serves multiple sectors, fully proven in banks, credit institutions, the retail sector including petrol distribution, in health care, transportation and local authorities – in fact we cover every single link within the payments value chain.

The business benefits are clear. We’ve successfully operated a credit/debit card charge back service since 2001, which delivers operational cost savings of 30% to our clients and reduces write-offs to less than 1% of the volume processed. 

European harmonisation and regulatory compliance 

Increasing activities around European harmonisation – such as establishing Target2 as the European infrastructure for individual payments and the introduction of the Single European Payments Area (SEPA) – are driving continuous change right across the payments landscape. This is forcing banks to comply with the new rules and to find strategic, technological and operational answers to challenges including:

  • increasing competition and cost pressures 
  • the rollout of SEPA for corporates 
  • SEPA step 3 (including CAMT messages, additional optional services, e-SEPA, SEPA migration end date)
  • EBICS-based payment portals for corporate clients 
  • e-invoicing

At Sopra Steria we can work closely with you to analyse how new rules will affect your organisation and to design and build the tailor-made value added solutions you need.