Payment Switch
Lyra’s Payment Switch provides authorization and switching solutions with regard to the payment system transactions. This advance payment service provides the customer with a robust and secure platform.
Providing high-end infrastructure and innovative payment solutions over a decade in India, Lyra has developed Payment Switch which saves merchants from the connectivity and security issues. This solution dynamically routes payment transactions between the acquirer and payment service provider revamping the transaction success rate.
FEATURES
A SOLUTION FOR EVERY NEED
Lyra’s Payment Switch can handle both online and offline transactions. It is an interoperable processing solution that handles card network exceptions and has a customizable risk management module and renders the merchants with the shortest merchant onboarding.
With a high-end ISO infrastructure and rules-driven architecture, this technology is integrated with Lyra's secured Payment Gateway. Lyra Payment Switch provides a merchant with a secure online payment service provider for processing card acquisition, in the most possible efficient way
With a unique combination of our domain experience and technology advancement, Lyra offers this comprehensive payment processing platform certified by Visa, Mastercard, and NPCI.
Coupled with a production-grade platform for offline transactions, it processes incoming/outgoing files with card networks.
Lyra Payment Switch is compliant with the latest security and data privacy standards, providing a scalable, reliable and highly-available platform that manages the acquisition, authentication, capture, and authorization of online transactions.
Ready to find out more?
KNOW WHAT PAYMENT SWITCH CAN DO FOR YOU
Active-Active high availability
It prevents unscheduled outages and allows scheduled maintenance to be performed without downtime
A broad spectrum of device support
Lyra's Payment Switch supports a wide variety of services across traditional and modern services like POS, MPOS, ECOM, MOTO, SMS and DMS networks.
Card scheme management
Lyra Payment Switch acquires, processes, clears and settles credit and debit card transactions in real-time.
Extensive transaction support
The switch supports a wide range of transactions for both issuers and acquirers including, mobile payments, online payments, transfers, refunds, etc.
Connection with the major card schemes
It has direct connectivity with card schemes and supports Visa, Mastercard, and Rupay.
Efficient transaction switching and management
LYRA Switch can be connected across various systems for transaction processing.
Reliable interface
The built-in interface renders dynamic transaction routing thereby giving banks and aggregators the ability to view and analyze payment transactions with ease.
Flexible connectivity platform
It comes with default connectivity platform to connect to PSTN, 3G, 4G, LAN, WiFi, and IP devices
System integration
Fully integrated with 3DS MPI, ECOM platform, Lyra Payment Gateway, POS platform, and LUMA.
Secure processing
Lyra Switch is PCI DSS V3.2.1 compliant and certified by VISA, MasterCard and NPCI. It processes authorization transactions in ISO-8583 format (all versions). Lyra's Payment Switch is compliant with RBI's regulations on the storage of sensitive card information providing highly secure transactions.
Robust architecture
High-end ISO switch infrastructure for online authorization/reversal and improves reliability with the real-time transaction process. Modular architecture allows the fast rollout of new features and functions.
CLEARING & SETTLEMENT
- Coupled with the production-grade platform for offline transactions
- Processes incoming/outgoing files with card networks
- Shortest merchant onboarding
- Customizable risk management module
- Chargeback management: handles card network exception
- PCI-DSS 3.2.1 compliant, certified by Visa, MasterCard, NPCI
BENEFITS
- BIN sponsorship
- One-stop-shop for POS/ECOM/MOTO card acquisition
- Fully integrated with 3DS MPI, ECOM platform, Lyra Payment Gateway, POS platform LUMA
- Promotes quick transaction flow
- Highly secure transactions
- Compliant with RBI’s regulation on storage of sensitive card information
- Processes incoming/outgoing files with card networks
- Modular architecture allowing the fast rollout of new features and functions.
- Prevents unscheduled outages and allows scheduled
- maintenance to be performed without downtime
- Compliance with card scheme mandates is maintained as part of the standard support service
Lyra's Payment Switch can acquire, authenticate, authorize and switch transactions for,
Banks
Facilitators
Card Schemes
Digital Transactions
POS Devices
E-Wallets
Ecommerce
Interested?
Contact us to get Lyra payment switch and we’ll be in touch as soon as possible.