PAYMENT SCHEMES


Certification Board Setup

Every payment scheme, be it domestic or international needs to have a defined certification process for on boarding of vendors, acquirers, and issuers. We at PayHuddle help Payment Schemes in defining, managing and setting up of Certification Board for Payment Schemes.

Setting up of Certification Board includes the following activities:

  • Definition of timelines, specification, and pre-requisites for certification of different products
  • Certification tool development and accreditation of tools
  • Lab set up process and accreditation
  • Simulator set up to be used as a part of the certification
  • Setting up of waiver management board
  • Portal set up to operationalize certification board
Diagram

At PayHuddle, our team has helped multiple payment schemes in setting up their certification board and opertionalizing them.