Editorials

Procard LTD sees its mission as follows: To help clients create and use fully functional payment instruments based on modern and innovative services of the payment card industry that are characterized by completeness, correctness and timeliness of all processes.

Actually, the mission of our company, as an independent third party processor, in the payment cards market is to facilitate secure, efficient, and seamless electronic transactions. Let’s delve into the details:

1. Enhancing Digital Payments:
• Our aim is to boost the adoption of digital payments across the globe. As more consumers and businesses embrace online transactions, these processors provide user-friendly platforms that ensure safe and easy electronic exchanges.
• Processor mission is to replace traditional payment methods with modern, secure, and convenient solutions.
2. Reliability and Security:
• Our company prioritizes reliability and security. We invest in cutting-edge encryption technologies, multi-factor authentication, and security updates to protect user data and transactions.
• The mission is to assure customers that their financial information is safeguarded from hacking attempts and fraud.
3. Driving the Digital Economy:
• All processors play a crucial role in fueling the growth of the digital economy. By offering seamless platforms, they enable hassle-free financial exchanges.
• The mission aligns with the need for enhanced cybersecurity and the desire for convenient payment solutions.
4. Market Expansion:
• Procard LTD contributed to the expansion of the payment cards market. We ease of use and reliability make them increasingly popular.
• The mission is to meet the demands of the growing digital ecosystem by providing secure and efficient payment services.

In summary, Procard LTD strives to create a world where digital transactions are not only secure but also seamless, enhancing the overall payment experience for consumers and businesses alike.

Procard LTD is a services company of payment card industry which providing modern, reliable and innovative processing services to its clients - banks, financial and fintech companies around the world.

The main business role of the company is a Third Party Processor for International Payment Systems Visa, MasterCard and Unionpay International.

A Third-Party Processor is an entity that facilitates the electronic transfer of funds between a merchant (such as a business or retailer) and the cardholder (the person making the payment using an IPS credit or debit card).

The Procard company has extensive experience in implementing and supporting issuing and acquiring projects in the card payment industry. A modern processing solution, placement of all services in the cloud, strict compliance with the requirements of information security standards and, of course, a team of professionals, allow Procard to implement any solution at the client's request quickly, qualitatively and safely.

Procard processing center, as any other TPP processors, plays a crucial role in enabling seamless electronic payments, ensuring security, and facilitating efficient fund transfers between merchants and cardholders. We streamline payment processing and contribute to developing and increasing of today’s market.

Procard LTD provides modern service Procard.Pay for Fintechs - Acquirers. These companies are payment service providers or facilitators who act under their own acquiring licenses of IPS Visa and/or MasterCard or licenses of their partner-banks and also correspond to requirements of local financial regulators.

The Procard.Pay dispatching system is a module for expanding the capabilities of the payment portal of our company, the main purpose of which is dispatching requests from various clients of online stores, generated in accordance with the protocols in force on the market, converting such requests into the PC-ECOM-PG and PC- ECOM-TIC, subsequent fusion of requests for processing by the payment portal of Procard LTD.

Fintechs have got an opportunity to integrate themselves with Procard.Pay and after that provides integration for all their own customers - ecom merchants.

Functionality of Procard.Pay

Procard.Pay supports the following payment methods:

• IPS Visa or MasterCard cards:
  • Acceptance of bank payment cards - debit, credit, corporate;

• Invoicing:
  • Invoicing by email or messenger Viber, WhatsApp, Telegram, FB Messenger. The client receives a notification (invoice) by e-mail or in a messenger with the "Pay" button and can make a payment at any time;

• Two-stage payment:
  • Blocking of funds on the client's card for a period of up to 30 days. During this period, the online merchant may cancel the blocking or debit all or part of the funds. After 30 days the funds on the client's card are automatically unblocked;

• Payment split:
  • Crediting the payment amount to several recipients. The PC debits a single amount from the client's card - splitting occurs at the stage of crediting to the recipients' accounts that the online store sent in a request to the payment portal;

• QR-code:
  • Issuing an invoice to the client in the form of a QR code on the payment page, scanning the code by the client in the mobile application of the partner bank connected to the PC, making payment in this mobile application;

• Payment with proprietary token:
  • Debiting funds from the client's card without re-entering card details. After the first successful payment by the client of the order, the online store receives a unique token of the client's card - subsequent write-offs will occur on the 1st click. The client will not need to go to the site or fill in the card details. The client card token can be stored on the server of the online store;

• Payment by Google Pay token, Apple Pay, etc.:
  • Debiting funds from the client's card using tokens of third-party wallets Google Pay, Apple Pay, etc.

Using the Procard.Pay service gives our partner many more advantages than is apparent at first glance:

• Easy integration to your website:
  • Easy integration to your website. Procard.Pay provides ready-made solutions for installing payment modules on any popular CMS or integrates the payment button via API. We'll even register your website with ApplePay!

• Convenient merchant cabinet:
  • Easy registration;
  • Support up to 1024 stores on one merchant;
  • Full range of statistical data.

• High-level security payments:
  • The security of online payments is ensured by using reliable 3D-Secure technology to confirm payments. In case of impossibility to carry out an inspection on this technology, the bank applies the Look-Up procedure (checking the cardholder for fraud), thereby increasing the payment security.

In summary, using the Procard.Pay service is a real way for real increasing of ecom business for Fintechs - Acquirers - payment service providers or facilitators who wants to recieve reliable tool for performing it well.

Why do clients choose our services?

Why did they prefer us over other processing centers, which are often larger and more powerful than ours?

In our opinion, we can offer them something special, unique and innovative, something that they could not find in anyone other than Procard LTD. These things seem to us to be as follows:

1. Projects Quick Launch 
2. Vast Variety Of Final Solution  
3. Honesty, Confidence And Transparency Of Business
4. Personal Approach To Each Customer
5. High Level Security Of Data Flows

More details about these.

1. Projects Quick Launch Launching payment card projects has become an important part of financial services, whether you are a bank or finance company or fintech. These cards often serve as cornerstone products in a customer's portfolio and significantly increase their revenue. However, understanding the ins and outs of running and managing a card program can be difficult. The importance of card product launches comes from the fact that payment cards are a staple in today's financial landscape. And whether you're a traditional bank or a cutting-edge fintech provider, launching your own card project is high on your agenda.

Successful card programs require careful planning and collaboration with partners. It is at this stage that the processor appears, which should become the technological core of future success.

Procard will take care of technical problems, ensure communication with payment systems, speed up all the necessary tests as much as possible and help the client's final card product to be released quickly in accordance with the initial intentions.

2. Vast Variety Of Final Solution  What is the final solution variety? The variety of final solutions of the customer's finished card product refers to the consistency and stability of the final state or result in the payment card project. First of all, each client aims to receive a unique and innovative card product, but at the same time reliable and secure. This is what Procard can provide, which during the preliminary examination of the client's requirements and wishes will offer a unique final solution proposal that is as close as possible to the client's expectations and at the same time meets all standards of the payment card industry.

When implementing payment card systems, achieving an invariant final solution ensures that the desired functionality, security, and user experience remain consistent throughout the various stages of development, testing, and deployment.

Essentially, this means that fundamental aspects of the solution (such as transaction processing, security protocols, and user interfaces) remain unchanged from initial design to production.

Why is this important?

• Consistency: high diversity ensures stable operation of the system throughout its life cycle. Any unexpected changes can lead to errors, confusion or crashes.
• Risk reduction: A stable end-to-end solution minimizes the risk of new vulnerabilities or defects appearing during implementation.
• User Confidence: Users, whether cardholders or merchants, rely on consistent behavior. Uniqueness builds attractiveness, trust and confidence in the system.

3. Honesty, Confidence And Transparency Of Business  These three values are the basic principles of the Procard company, on which we build relationships with clients. Honesty means the quality of being truthful, straightforward and sincere in business dealings: Trust: Honesty builds trust with customers, employees and stakeholders. When a company is transparent about its practices, it demonstrates a commitment to integrity. Credibility: Honest communication increases trust in the company. Clients and investors always appreciate straightforwardness. Long-term relationships: honest interactions foster long-term relationships with customers and partners.

Confidence in business refers to self-confidence, belief in one's abilities and the ability to make informed decisions:

• Leadership: Confident leaders inspire their teams and achieve positive results.
• Risk management: confident decision-making minimizes risk and encourages innovation.
• Investor Perception: Investor confidence is critical to raising capital and ensuring business growth.

Transparency involves openness, sharing information and ensuring clarity of business transactions. The transparency of business conduct ensures the following:

• Financial transparency: disclosure of financial statements, income and expenses.
• Corporate governance: transparent governance practices ensure fairness and accountability.
• Stakeholder communication: regularly informing stakeholders about the company's performance and strategy.

Adherence to these principles allows the company to receive adequate feedback from its customers and employees, namely:

• Trust: Honest and transparent companies deserve more trust in the eyes of customers, investors and regulators.
• Employee morale: Clear communication increases employee morale and engagement.
• Risk Reduction: Confident decision-making and transparent practices reduce risk.
• Long-term success: these qualities contribute to the stable development of the business.

4. Personal Approach To Each Customer  An individual approach is the principle by which Procard treats its customers. It assumes that each customer is considered separately, taking into account his needs, wishes and characteristics. The relationship with the client is always built with reference to his individual requirements and expectations. An individual approach allows Procard to provide high quality service and meet the needs of each client. The main methods of implementing an individual approach used by the company are:

5. High Level Security Of Data Flows  Ensuring data security during payment processing is critical for a company to protect sensitive information, maintain customer trust and prevent financial losses. The main aspects of payment security are based on the following principles: Encryption: Encryption involves encoding sensitive data to prevent unauthorized access, counterfeiting, and theft. Symmetric encryption: The same key is used to lock and unlock data. Asymmetric encryption (public key encryption): uses two keys – a public key to lock and a private key to unlock data. Procard typically uses protocols such as Secure Sockets Layer (SSL) and Transport Layer Security (TLS) to protect data transmission between customer browsers and payment platforms, ensuring regular updates and proper key management.

• Tokenization:
  • Tokenization replaces sensitive payment information (such as credit card numbers) with unique tokens that have no intrinsic value if hacked.
  • Purpose: protection of confidential data during storage and transmission.
  • Advantages: Even if the token is intercepted, it cannot be used for fraudulent transactions.
• Payment Card Data Security Standard (PCI DSS):
  • PCI DSS is a set of security standards that ensure the secure processing of credit card information.
  • At the request of IPS and local regulators, the company regularly undergoes audits of compliance with three aspects of this standard, namely:
    • PCI DSS audit;
    • PCI 3DS audit;
    • PCI PIN Secure audit
• Secure network and access control:
  • The company has created and maintains a secure network.
  • Provides protection of stored data of card holders.
  • Implemented strict access control measures.
  • Regularly checks and tests networks.

Procard understands that payment security is not only a legal requirement; it is important to maintain customer confidence and protect your business from financial risks.