Payment Services Directive 2.0

Today’s banks and payment providers have the opportunity to be at the forefront of customers’ everyday transactions. In the same way, social media and online retailers are central to consumers’ everyday purchasing decisions. FortySeven Software Professionals has deep expertise providing solutions of that kind, as well as covering all the compliance and security policies of our customers including PCI DSS.

PSD2 gives banks around the world significant opportunities to improve their relevance and business models. We suggest banks broadly innovate their payments practice because it will gain competitive advantage and increase their revenue.

Climb a Mountain of Possibilities

Directive 2015/2366 of the European Parliament and of the Council with regard to regulatory technical standards for strong customer authentication and common and secure open standards of communication.

PSD2 Advantages

One primary objective of PSD2 is to increase the level of security and confidence of electronic payment. In particular, PSD2 requires payment service providers to create strong customer authentication (SCA). Today’s standards have unique, built-in security features to reduce payment fraud and to protect the confidentiality of users' financial data, especially for online payments. All Regulatory Technical Standards have been developed by the European Banking Authority in close cooperation with the European Central Bank.

Account Information Services

Services relating to bank provisions of Account Information Services

Payment Initiation Services

Services relating to bank provisions of Payment Initiation Services

Mobile Technologies

Opportunities to grow revenue from ‘push’ payments

API & Infrastructure

Opportunities that extend the payment process

 
 

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Reasons to choose FortySeven Software Professionals

Our development process is the natural evolution of a software process to support today’s changing business environment. We believe that every project should be dealt with a fresh approach. Our industry knowledge allows us to deliver solutions that solve business challenges in 40+ industries. Working closely with you, we define your needs and devise effective automation tool concepts, knowing how to implement these concepts and integrate them according to your specific needs.

Predictability
More than 12 years of successful global IT outsourcing and our customer’s business augmentation.
Business communication
We are compliant with ISO 9001:2015 on Quality management systems and ISO 27001:2013 on Information security management system.
Deep Technology Expertise
Our specialists have a vast business and technology expertise and can develop complex solutions.
Full IP Control
We transfer full control over Intellectual Property Rights to you each month.
Adaptability
We manage projects using software for tracking progress and time. This gives you full control throughout the development process, making progress and billing fully predictable.

Cooperation Models

We have defined each framework with one sincere belief that an engagement model is what that defines a successful collaboration between you and us. Nevertheless of chosen model, you will have the total control, transparency and flexibility over delivery and the budget during the whole development process.

Project Based

This approach doesn't give the flexibility to you, but it can be used by government or other companies, corporations, individuals if the requirements are clearly defined and all the specifications of the project are known in advance. The involvement of the customer is limited. During the development process, the requirements can’t be changed, any changes will lead to additional fees and make the price of the project not fixed anymore.

  • Most suitable for small-size projects.
  • Based under the Waterfall approach.
  • Strict rules on the specification changes.
  • Used for projects when all software requirements specifications are clear and predefined.
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Outstaffing Time and Materials

This model is based on the rapidly evolving business and technology world. You are able to make changes on the go and pay for the time the development team spends actually working on your product. We will provide you with pre discussed amount of software engineers and IT specialists required for realization of your project of any size. Each iteration is planned together with you before its implementation, that gives you total control over the deliverables and the budget.

  • Well-adapted to various kinds of projects from small MVP to complex software engineering solutions.
  • Full participation and control over the whole development process.
  • Flexibility on your side, you are able to make changes on the go.
  • Based on Agile approach, Scrum, Kanban or other methodology can be used.
  • Choose if the time-to-market is important for you.
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Dedicated Development Team

This cooperation model allows companies, corporations or individuals to augment their software development capacities. You get the access to human resources like software engineering specialists, devops, QA engineers, technical writers, designers, project managers etc. who will work on your project using your software tools and selected methodology. Our IT specialists can work in synergy with your existing IT department.

  • Full Intellectual Property Rights every month.
  • Highly educated employees.
  • Multi language software engineering and management teams.
  • ISO 9001:2015 on Quality management systems.
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