Payment Processing API Platform
A secure, PCI-compliant payment API enabling a financial technology product to process transactions, manage subscriptions, and generate reconciliation reports.
Challenge
A financial technology startup needed to launch payment processing capabilities quickly while meeting PCI DSS requirements. Building payment infrastructure in-house would delay product launch by months and require specialized compliance expertise the team lacked.
Approach
Teraplus Solutions designed a payment API layer abstracting multiple payment gateway providers behind a unified interface. The architecture included tokenization for card data, idempotent transaction handling, webhook delivery for status updates, and automated reconciliation reporting. Security controls were documented for PCI compliance assessment, and load testing validated throughput for projected transaction volumes.
Outcome
The platform processed its first live transactions within 12 weeks of project kickoff. Transaction success rates exceeded 98.5%, and the unified API reduced integration effort for subsequent product features requiring payment capabilities.