Scaling payment processing

A payment solutions provider replaced its homegrown legacy software with Tieto Banktech’s scalable SaaS acquiring platform, supporting 80% business growth in three years.

Modernizing payment processing

An independent payment solutions provider needed to replace its resource-heavy legacy system to support rapid growth. Tieto Banktech’s SaaS acquiring platform provides a secure and scalable solution for high-volume payment processing while supporting strict regulatory requirements.

The challenge

Move beyond legacy limitations

The payment solutions provider had built a successful business using its homegrown acquiring software. Over the years, however, the system had become resource-heavy, with little supporting documentation.

The company had become dependent on the people who understood the system, limiting its progress and causing growth opportunities to be missed.

To support rapid business growth, the company needed to replace its legacy payment processing system with a modern solution.

The solution

Modernize payment processing

Tieto Banktech analyzed the company’s current and potential future requirements before carrying out an extensive pre-study.

Based on the findings, a bespoke version of Tieto Banktech’s off-the-shelf SaaS acquiring solution was deployed to replace the payment processing part of the homegrown system.

The solution provides secure, scalable processing for large transaction volumes while supporting regulatory requirements.

Deployment was carried out iteratively to provide a smooth transition with minimal interruption to operations.

Business growth

80% growth in three years

Since the new platform was deployed, daily transaction volumes have grown from 1 million to 1.8 million in three years.

Business growth

80%

Transactions processed daily

1.8 M

The benefits

Built to support continued growth

The new acquiring platform reduces reliance on the homegrown system while providing the scalability, maintenance and regulatory support needed for continued growth.

1

Reduce operating costs

The SaaS solution reduces resource-heavy maintenance and reliance on in-house specialist knowledge.
2

Scale transaction volumes

The platform is designed to support large-scale increases in transaction volumes as the business grows.
3

Support compliance

The solution supports strict regulatory requirements, including Payment Card Industry Data Security Standard (PCI DSS) requirements.