Payments

Be it an individual, small or large-scale businesses or corporates, payments are an integral part of daily life. From performing basic activities like paying at the grocery store to slightly complex task like making the electricity payment or recharging our gadgets and more complex tasks like paying employees every month – the functions of payment gateways or processing units are endless.

The major issue that arises for payment institutions is that mostly there is no specific pattern to it. The amount paid or the user to which the payment is being made varies greatly. That is why, it can be extremely challenging for these institutes to keep a track of the behaviour patterns of their users. Thanks to ProvinceSoft modern range of technology, tracking these have become extremely easy and seamless. The amount of data that is usually used in this case is enormous and it is technically, impossible for a human to keep a track of it all.

Modern day, payment units make use of computer vision to help in replacing traditional mode of transaction and use of credit and debit cars. Now, the fro account information to user details, everything is stored digitally and customers, merely, have to use their laptops or smartphones to make a purchase or a transaction. Modern IT solutioning comes extremely handy for customers because they do not have to take the hassle of remembering most of the things.

Besides the ease and convenience, ProvinceSoft solutionings can also be used to detect frauds. With the increase of digital payments, the chances of digital frauds have also increased. The use of modern IT solutions help in alerting the customers, banks and platforms before a fraud has taken place and then, the necessary actions can be taken and the issue tackled with ease.

Why have modern payment institutes been using ProvinceSoft solutions?

• It helps in gathering financial data that is digitally transferred. From transaction history to wide range of account information, today, financial institutions and individuals can get these details in just a few clicks. Convenience and comfort, our solutions help in giving it all.
• The use of modern technology and solutions have ensured higher profits for these institutions. With the steep decrease in the manual labour and time required, they are able to perform more number of tasks, with lesser people at the same time. They have been able to increase their Return of Investment at a very high margin.
• Modern IT solutions pledge towards prevention of fraud. Our services, such as Machine Learning is able to detect risky behaviours and fraudulent activities before they occur and that is why, customers and other institutions receive alerts before these take place.
• With the introduction of services like Virtual Assistants and chatbots, today, these payment institutions are able to get hold of customer issues quickly, solve them at a faster pace and hence, give the customers the confidence to lay their time, money and trust with these institutes. Also, since these computerized systems cost much lesser than human resources, the companies are able to save a great deal of money.