Payment Hub Solutions for Banking

Integrate payment hub to benefit from secure, consolidated transactions

Payment hub solutions we offer

We create bespoke payment software to manage transactions, including processing payments, handling settlements, reconciling accounts, etc. This enhances transaction efficiency, boosts operational capacity, and increases customer satisfaction.

Payment hub architecture

Developers from Innowise design payment hub architecture, enabling compatibility with the SWIFT network, real-time payments (RTP), ACH transfers, and more to maintain a reliable, scalable payment infrastructure in line with growing transaction volumes.

Payment hub implementation

Our specialists efficiently integrate a payment hub into your business infrastructure, facilitating transaction capabilities and streamlined data workflows. This results in reduced implementation cycles and minimal operational disruption.

Payment hub security

We fortify payment systems with top-tier security measures to safeguard transactions against threats and reduce liability. Our developers implement data encryption, real-time monitoring, AML and KYC, and other security measures.

Payment hub customization

For businesses of all complexity, we offer payment hub customization services to fit your unique demands. Tailored features and functionalities improve user experience and foster brand awareness, providing a competitive edge in the Fintech market.

Payment hub consulting

Through payment hub consulting, our experienced professionals help identify improvements, enhance system integration, refine security strategies, and increase profitability, paving the way for sustained financial excellence over the long run.

Real-time processing integration

We at Innowise incorporate real-time processing to ensure instant transaction verification and settlement. This integration helps businesses speed up operations, uphold instant fund availability, reduce processing delays, and improve cash flow management.

Payment hub software development

Payment hub architecture

Payment hub implementation

Payment hub security

Payment hub customization

Payment hub consulting

Real-time processing integration

Payment hub software development

Payment hub architecture

Payment hub implementation

Payment hub security

Payment hub customization

Social media-focused chatbot programming

Payment hub consulting

Real-time processing integration

Payment hub architecture pains Innowise addresses

Lack of operational agility

We use workflow engines, enabling our specialists to quickly make changes in the payment processing procedures through the system of reusable connectors.

High operational costs

Our software engineers reduce costs by optimizing transaction flows and minimizing dependency on expensive payment gateways and intermediaries.

Security vulnerabilities

We fortify payment infrastructure with advanced encryption and continuous monitoring, significantly reducing the risk of data breaches and unsanctioned access.

Scalability issues

Our engineers produce scalable solutions that grow with your business, supporting increased transaction volumes without compromising performance.

System integration complexity

Innowise simplifies integration, providing swift connectivity between digital payment hubs and core banking systems via APIs to enhance operational coherence.

Lack of real-time analytics

We implement advanced real-time analytics, ensuring that businesses can monitor transactions as they occur and make informed decisions instantaneously.

The benefits of payment hub solutions for your business

Does your business struggle with digital transformation?

Integrate robust payment hub solutions to expedite business growth.

Key stages of payment hub software implementation

Project discovery

We initiate a thorough analysis of client’s requirements, exploring existing systems to align with their business goals. Our delivery managers define the project scope and map out a strategic roadmap outlining key project objectives.

System design

Our team designs a robust system architecture tailored to the client’s specific transaction needs. We formulate system blueprints and design documents that ensure scalability and performance without critical errors and vulnerabilities.

Software development

In this phase, we code the actual payment hub software, incorporating agile methodologies for flexibility and continuous improvement. Our engineers develop the software in sprints, allowing for regular reviews and adjustments.

Integration & testing

This critical stage involves integrating the payment hub with businesses’ existing banking and IT infrastructure. We conduct comprehensive functional, performance, and security testing to ensure robustness and reliability.

Optimization & modernization

Our professionals optimize system performance and update technology stacks to keep the payment hub up-to-date and well-functioning, analyzing system usage and customer feedback to identify improvement areas.

Ongoing support

Upon project competition and beyond, Innowise guarantees your payment hub operates smoothly and evolves with your business needs. We provide technical support, regular system audits, and proactive updates to mitigate the risk of failure.

Payment hub solutions have completely transformed the approach to handling transactions. In fact, the vast majority of businesses now see reduced processing costs right after payment hub system implementation. Looking ahead, I predict that very soon, payment hubs will become a standard, driving efficiency and innovation in the financial vertical.”

Technology stack

Angular 17
Angular Material
NgRx
RxJs

Chart.js
Moment
HTML5
SCSS

Java
Spring (Boot, Security, Cloud, Data, AOP)
Hibernate
Flyway
Mockito

Testcontainers
Gradle
Postman
Redis
OpenAPI
WSO2

Apache Kafka (ZooKeeper)

PostgreSQL
Elasticsearch

RESTful APIs

OAuth 2.0
HTTPS/SSL
mTLS
WSO2

Azure Cloud
Azure DevOps
Docker
Kubernetes
Helm
SonarQube

Snyk
Widebolt
Bitbucket
Jira
Confluence
Terraform

Azure Monitor
ELK Stack (Elasticsearch, Logstash, and Kibana)

Prometheus
Grafana

The cost of developing payment hub solutions

It takes a comprehensive analysis of all technical and business requirements to figure out how much it will cost to develop a payment hub. We work closely with clients to define the precise features of future solutions and provide an accurate estimation, ensuring no detail goes unnoticed. Our transparent calculations prevent snowballing costs and scope creep, so you get a clear budget from the start.

Project scope and complexity

Integrated payment methods

Scalability and performance demands

Ongoing support and maintenance

Choose Innowise as a payment hub software development company

Innowise stands out as a renowned outsourcing provider, offering unparalleled expertise and commitment to excellence since 2007. From budding startups to well-established SMEs, we help businesses embrace digital transformation and get the custom software they desire.

Vast talent network

Our recruiters continuously monitor the market to identify top professionals, ensuring we stay ahead in the industry. Additionally, Innowise partners with universities to scout and nurture young talents from the beginning of their careers, fostering their growth and development.

Commitment to cybersecurity

Our specialists prioritize cybersecurity and data protection, constantly enhancing software solutions with the latest technological advances. We adhere to a robust information security policy and comply with industry-critical regulations, guaranteeing reliability and compliance.

Transparent processes

From gathering requirements to post-launch maintenance, Innowise follows a highly straightforward SDLC with clear deliverables and milestones. This approach provides a fast time-to-market, allowing us to launch payment hub solutions efficiently and confidently.

Is managing transactions a hassle?

Handle everything smoothly with payment hub software.

Payment hub solutions: our recent case studies

What our customers think

Innowise transformed our client enrollment process with a groundbreaking chatbot application. Among numerous IT companies considered, none matched Innowise's cost-effectiveness and the expertise of their software developers.

Nonzaliseko Phamane Senior Technology Leader Metropolitan

The team managed to delve into the project core quickly. The workflow has been seamless so far, everything is always in a well-organized and timely manner. All crew members we have been working with so far are capable, cooperative, and responsive.

James Odom CEO Paycheck

I was honestly very satisfied with their work. The client can now complete a task that used to take 10–15 minutes in seconds. The project has resulted in financial and time savings, and Innowise provided a range of technology expertise throughout the engagement.

Pierre Sipidin CEO PS Consulting

FAQ

Can a payment hub handle different types of payments?

Yes, a payment hub in banking can handle various types of payments, including credit/debit cards, bank transfers, digital wallets, and more. It consolidates multiple payment methods into one platform, providing flexibility and convenience for both businesses and their customers.

Is a payment hub secure?

Absolutely. A payment hub is designed with robust security measures, including encryption, fraud detection, and compliance with industry standards like PCI-DSS to protect transactions and sensitive data from potential threats.

How does a payment hub integrate with existing banking systems?

A payment hub integrates seamlessly with existing banking systems through APIs and middleware, securing smooth data flow and compatibility.

Does a payment hub support real-time payment processing?

Yes, an integrated payment hub supports real-time payment processing, allowing for instant transaction validation and settlement. This capability enhances the user experience, improves cash flow management, and ensures timely financial operations.

What are the scalability options for a payment hub?

Payment hubs are designed to be highly scalable, accommodating growing transaction volumes and expanding business needs. Whether you’re handling thousands or millions of transactions, a payment hub can scale efficiently, providing consistent performance and reliability.

What kind of analytics and reporting does a payment hub provide?

A payment hub offers comprehensive analytics and reporting features, providing detailed insights into transaction patterns, payment success rates, and customer behavior. These reports help businesses make informed decisions, optimize processes, and improve financial performance.

Contact us!

Book a call or fill out the form below and we’ll get back to you once we’ve processed your request.

What happens next?

Once we’ve received and processed your request, we’ll get back to you to detail your project needs and sign an NDA to ensure confidentiality.

After examining your wants, needs, and expectations, our team will devise a project proposal with the scope of work, team size, time, and cost estimates.

We’ll arrange a meeting with you to discuss the offer and nail down the details.

Finally, we’ll sign a contract and start working on your project right away.

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Payment hub solutions

Integrate payment hub to benefit from secure, consolidated transactions