In today's fiercely competitive market, there is an increasing demand for cutting-edge, real-time payment solutions, making the old switch obsolete. To deliver seamless digital experiences, bank issuers and payment processors must modify their payment systems and improve switching capabilities.
In this regard, Opus Consulting Solutions (Opus) powers top companies' payment engines, enabling them to effortlessly handle transactions from the point of access to settlement by acquiring, switching, routing, and authorizing them from various sources.
Most customers connect with a business through a switch. Because of this, businesses need to move their payment switches and keep making improvements to route transactions correctly, grow their network, and give customers easy ways to pay.
Providing a frictionless payment experience by addressing the requirement for a flexible switch, TM Praveen, CEO of Opus, stated, "With payment methods being constantly innovated, the legacy switch performance is impacted owing to a host of factors such as a rise in transaction volume, customer demands, narrowing profit margin, and increasing manual operations. Modernizing the switch is the need of the hour as it brings much-needed agility enabling payment systems to be updated at the speed of innovation worldwide."
(Source: PR Newswire)
Meanwhile, Opus has recently issued a white paper discussing the payment switch transition using real-world examples and best practices from the industry.
The organization has a history of successfully managing worldwide payment switch transition initiatives, giving its clients an advantage over rivals by providing cutting-edge digital payment services.
Elaborating on Opus' track record of implementing complex payment switch changes, TM Praveen concluded, "Opus is backed by a rich legacy of 25 years. Our global payment professionals have extensive experience and a deep understanding of the payments domain. We are the trusted implementation partner for key industry players and banks, where we have successfully led switch transformation projects as per dynamic business needs."
(Source: PR Newswire)
About Opus Consulting Solutions
Opus Consulting Solutions is committed to influencing the development of financial transaction systems. The company has extensive experience in developing cutting-edge solutions and products. It combines this expertise with unrivaled industry knowledge in payments and fintech to provide superior quality and value. The company works with various international clients, from emerging businesses to Fortune 500 financial giants, all focused on digital transformation and the advancement of payment methods.