Powering the Payments Value Chain
For financial institutions to thrive in the digital age, they need accurate traceability, contextual routing and consolidated information of payments.
With deep expertise and industry knowledge, HCLTech is uniquely positioned to support the payments and cards value chain and address the complexities of banking payment processing. We leverage real-time and customizable payment capabilities to effectively monetize, differentiate, and provide next-gen payments.
Exceed Expectations With Our Solutions
Explore how we make operations smarter and more agile with our payments solutions that are crafted to simplify complex banking payment processes.
Payments-as-a-Service (PaaS)
One solution encompassing multiple services via a cloud platform. Think payment engine hosting, reconciliation and settlement, cross-border payments and third-party collections. It helps banks address concerns about security and fraud by following regulatory changes and decreasing payment infrastructure costs by 60% to 70%.
Merchant solutions
A solution that enables uninterrupted collaboration between aggregators, retailers and acquirers. Obtain AI-based sales information from merchants, receive authorization for transactions, collect funds, send payment to the merchants. This Cards-as-a-Service framework offers full autonomy to the provider, with scalability, PCI DSS compliance, card origination and more.
Payments observability
Ensure seamless functioning of systems that power payment flows 24x7 and respond proactively and effectively to any issues, alerts or failures. Our DRYiCE iControl solution delivers real-time payment flow observability and offers insights to leaders — from CXOs to frontline operations teams — into business-relevant controls by creating meaningful views from the perspectives of both the business and IT.
Next-gen payments integration
Progress with the modern ways of payments, as HCLTech’s payment and card capabilities enable next-gen payment transformation of institutions via mobile-originated transactions, real-time clearance, faster cross-border payments using a distributed ledger, digital/cryptocurrency payment integrations, Web 3.0 payment services and cardless transactions using open banking.
Unified order management
Experience a consistent CX across all engagement channels and quickly respond to product development needs and market requirements. We offer a clear separation of order management as a function within the payment platform across retail, corporate customers and internal business lines. Moreover, the function can be extended for third-party clients in an as-a-service model.
Real-time payments
Transform your core processing engine to stay ahead of your competition in processing a high volume of payments per second across payment schemes. Our payments core solution is available with buy or build options to cater to the unique needs of each bank and its geographical spread.
Why HCLTech for Cards and Payments Solutions?
Our offerings are fully customizable to meet each enterprise client’s unique business requirements, enabling them to address core concern areas. The solutions aim to maximize productivity and minimize cost, while achieving zero-trust security and fraud threat protection.
Our cutting-edge technology and futuristic approach combine to ensure we supercharge your mission to make a mark in the digital age.
Reduced cost
See 60%–70% reduction in payment infrastructure costs
Enhanced security
Address concerns about security and fraud
Better collaboration
Work smoothly with multiple stakeholders
Seamless integration
Use PaaS platforms to integrate via open APIs
Insights and News
HCLTech Positioned as a Leader in Everest Group Payments IT Services PEAK Matrix® Assessment, 2023
The payments landscape is changing rapidly. Consumers today have more options to make payments than ever before.
Microservices and real-time analytics fuel innovation for Australian banking customers
Explore how HCLTech enabled a leading US-based financial institution with the Virtual Account Management (VAM) solution to streamline their account structures.
Frequently Asked Questions about Our Payment Solutions
At HCLTech, we bring decades of experience delivering secure, scalable digital payment solutions tailored to each client’s needs. Our expertise in banking payment solutions means we help you streamline operations, reduce costs and enhance fraud protection—backed by industry recognition and a proven track record with leading financial institutions worldwide.
Our payment solutions integrate seamlessly with banks through open APIs and flexible architectures, supporting both legacy and modern core banking systems. We ensure smooth data flows, interoperability and compliance, enabling banks to adopt new capabilities without disrupting existing operations. Our integration approach accelerates time-to-market and future-proofs your payment infrastructure.
We prioritize compliance by embedding regulatory controls and industry standards—such as PCI DSS—into our payment solutions from the outset. Our dedicated compliance frameworks adapt to evolving regulations, helping clients meet global, regional and local requirements. We also provide regular updates and audits, ensuring your payment systems remain fully compliant and secure.
Yes, scalability is a core strength of our payment solutions. We design our platforms to handle high transaction volumes and peak loads, supporting real-time payments across multiple schemes. Whether you’re a growing bank or a large financial institution, our solutions scale effortlessly to meet your evolving processing demands.
We future-proof our clients by integrating next-gen payment capabilities such as real-time settlements, distributed ledger technology, digital currencies and open banking APIs. Our solutions support evolving consumer expectations and regulatory trends, ensuring clients stay ahead in a rapidly changing payments landscape and can quickly adopt emerging technologies.
We simplify banking payment processes by integrating real-time, customizable solutions that automate workflows, unify transaction data and ensure smart routing. Our Payments-as-a-Service model and observability tools minimize manual intervention, reduce errors and enable seamless collaboration, making payment operations faster, more accurate and easier to manage for our clients.
Absolutely. We offer robust cloud-based payment solutions through our Payments-as-a-Service platform. This allows clients to access scalable, secure payment processing, reduce infrastructure costs by up to 70% and benefit from rapid deployment. Our cloud solutions address security, compliance and performance requirements, ensuring a future-ready payments environment.
Fraud prevention is integral to our digital payment services. We employ advanced AI-driven monitoring, real-time analytics and zero-trust security principles to detect and mitigate suspicious activities. Our layered security approach, combined with proactive risk management, helps clients minimize fraud exposure and maintain trust in every transaction.
We do. Our payment solutions for consumer finance are designed to make operations smarter and more agile. We support everything from loan disbursements to collections, integrating seamlessly with digital banking services to enhance client experiences and streamline financial workflows for both lenders and borrowers.
Our commitment doesn’t end at deployment. We provide comprehensive post-deployment support, including 24/7 monitoring, proactive issue resolution, regular updates and ongoing optimization. Our experts work closely with clients to ensure smooth operations, adapt to regulatory changes and continuously enhance the performance of your payment systems.
