The following feature list outlines the functionalities and capabilities of the payment solution. This gives us a clear understanding of the project's requirements and functionalities. Features included in this list have been selected based on industry standards to meet the project's objectives and requirements.
Define the various user roles and their respective permissions within the payment gateway system. Common roles include administrators, merchants, and support staff.
User registration and profile management. Secure authentication mechanisms (e.g., username/password, two-factor authentication).
Handle multiple merchants setup. Onboarding banks and mids. Transaction monitoring. Analytics and reporting.
Implementation of multiple banks and mid accounts. Smart routing based on multiple parameters (e.g., fee cost, success rate, volume, etc.).
Integration with UPI, Netbanking, DC, CC, Wallet.
Transaction history and tracking. Refunds and chargebacks. Merchant settlement transactions. Transaction status updates and notifications.
Upload multiple data for processing.
Invoice for every purchase. Settlement invoice for merchants.
Email and SMS notifications for transactions. Alerts for activities or account changes.
Merchant account setup and management. Analytics and reporting.
API documentation for integration for merchants.
Design customized iframe. Multiple payment options. Product price and amount details.
Detailed transaction reports. Financial reconciliation reports.
Plans for thorough testing of the system to ensure reliability and security. Scalability and performance testing.
Ensure the system can handle increasing transaction loads.