Challenge
Despite the plethora of non-cash digital payment options available through various Wallets and Mobile Payment Apps, customers find it difficult to choose the optimal payment option each time they make a purchase.
On the other hand, financial institutions are limited in their ability to influence a customer’s choice of payment instrument at the point of purchase.
TCS Solution
TCS Payment Advisory Solution blends seamlessly with a bank’s ecosystem, enabling them to offer customized and contextual financing options to customers at the point of purchase.
Our solution:
Accesses multiple financial products (and related account attributes) offered by financial institutions.
Facilitates complete payment fulfillment through multiple channels and evolving technologies, such as Host Card Emulation, Near Field Communications (NFC), and Bluetooth Low Energy (BLE) at the Point of Sale
At the frontend, and leverages
The ‘Pay with Points’ option facilitates timely redemption of rewards, and increases the perceived value of the loyalty program.
Benefits
Influence customer spend to increase revenue
Provide real-time, contextualized financing options
Enhance security with tokenized payment credentials
Help customers maximize benefits each time they pay
Allow real time-view of transactions, balances, and spend patterns
Enhance impact of reward programs via ‘Pay with Points’
Maximize ROI for card-linked offers
