The Cards market is highly competitive. Faster time to market without compromising on quality and coverage is the key to success. Testing in such an environment grapples with the complexity of 'multiples', in Card products and parameter sets Interfaces to internal, external systems Test environments, test teams and streams Numerous batch run requirements for interest assessments, behavior scoring and collections Key Differentiators Ready to use repositories covering the entire cards life cycle Risk Prioritization Matrix (RPM) framework with defect trends, functional complexities and business criticality PAVE - automated parameter verification - 0.5 million parameters across 16,000+ screens and 4 environments validated in less than 24 hours Data selection tool for centralized test data management - supported 12+ test teams in 4 test environments Intelligent product coverage framework for scripting Pre-cooked business calculators for complex functionalities like interest, payment due calculations and allocation based on hierarchy of balance components Expertise in testing the interfaces like credit bureau, card embossing, letters and statements, reward/loyalty systems, collections, fraud and risk applications, data warehouse, GL, insurance, schemes, banking system, ACH, IVR telephony, internet banking and more. Track Record Applications - PRIME, VisionPLUS, TS2, HPS PowerCardProducts - Credit, Debit, Prepaid, Charge cards, Commercial cards, Private Label Cards, Islamic CardsSchemes Covered - Visa,MasterCard,Amex,Diners Special Functions Risk management - NBSM, PROBE, TRIAD, FALCON Reward/Loyalty systems - LMS, VLS, Rewards Engine Data warehouse - Oracle, Teradata

Testing acquiring functions encompasses POS terminals, Switches and Merchant systems. This poses challenges at both technical and functional levels, such as Terminal coverage to include specificities of terminal models and software Simulation of various transaction types (including loyalty redemption and installments) and issuer responses Message formats and translation Location of applications/acquirer systems in disparate time zones Interfaces with other acquirer’s processing systems Thinksoft, with its right blend of techno-functional experts, can help you with comprehensive coverage of transaction life cycle from authorization to clearing and settlement, and simulation of various transactions formats using in-house tools. Our expertise in acquiring business testing spans across Merchant origination/maintenance/support Terminal management - set-up / monitoring / de-activation Transaction routing and switching Stand-in-processing Authorization messages - On-us, Off-us (Bilateral, Third Party Processors, Card schemes) Qualifications for interchange transactions Merchant settlement and reconciliation Dispute/exceptions management Risk and fraud Track record Applications - PRIME, OmniPay, VisionPLUS, TietoEnator, HPS PowerCardSwitch - eFunds Connex, Postilion, Base 24Schemes covered - Visa, MasterCard, Amex, Diners, JCB, CUP

Compliance changes introduced by card schemes twice a year mandate all members (Issuers / Acquirers / Processing clients) to comply with the requirements. Testing for compliance is often within stringent timelines (6-8 weeks) and any delays could create a huge financial impact for these institutions. Product launches, platform migrations and implementation of EMV technology necessitate certification testing from schemes and switches. Certification testing involves multiple iterations of comfort level testing, offline, online testing and coordination from the schemes/switch. Thinksoft has been responsible for testing to achieve compliance (MasterCard/VISA/Amex) and issuing/acquiring certification for clients across many regions, including many Fortune 500 clients. How can Thinksoft help? Assessment of the impact of compliance changes Quick selection of scripts from ready to use repository for modification/regression Usage of MasterCard/VISA/Amex/third party simulators Provide testing certification support and Coordinate with payment schemes/switch during certification, including EMV TIP certification Provide testing support during certification by running scripts through simulators Usage of tools – SmartSpy, ICC SimTMat, Card readers

The payments landscape is going through a phase of transformation. Innovations in Technology are replacing core payment instruments such as cash, cheques and card payments by electronic payments like wire transfers, direct debits, prepaid wallets and mobile payments.  Rapid regulatory changes are being introduced to ensure that non-banking institutions that are getting into the business of processing payments are secure, controlled and customer-centric. Some of the key changes influencing the payments domain are Initiatives to reduce paper usage Introduction of transaction based fees and charges  e-Government initiatives to increase non-cash adoption Schemes for the inclusion of the unbanked population into the regulated payment framework Regional level standardization and harmonization of payment instruments (SEPA) Changes in processing of high value and low value payments Faster payments solutions to reduce float with the banks and  payment clearing cycle to less than a day Initiatives for banking account number portability to make account migration from bank to bank seamless with respect to processing and redirection of payment transactions Initiatives to address risks – Basel III, AML Regulatory controls – Durbin amendment Technological advances in m-payments (NFC proximity payments and remote payments) Swift messaging platform becoming more accessible to non-banks and non-members Testing payment domains consisting of P2P, B2B, Bill payments, Remittances and e-Commerce requires in-depth knowledge of the systems and the full life cycle processing of payments, payment initiation and payment data acquisition Payment management covering authentication, financial transaction messaging and routing, payment validation and confirmation, clearing and settlement, reconciliation, exception handling Risk, compliance and reporting Thinksoft’s experts can contribute in Testing and validating the processing of a diverse mix of payments using comprehensive data in retail and consumer banking, corporate banking, investment banking, treasury services, card transactions, central bank clearing and settlement platforms.  Bringing in ready to use knowledge assets and customizable tools for Reusable payment transaction repositories  Data generators Message generators/simulators for payment initiation – SWIFT/ISO/XML messages File builders for bulk payments and file verification tools for reconciliation

SEPA Migration testing The payments Landscape: The payments landscape is undergoing a transformation, with an increased emphasis on regulatory oversight. Regulatory initiatives focus on systemic risk reduction, which will have implications for the cost and availability of intra-day liquidity. Other key regulatory initiatives are aimed at pushing the payments market towards increased levels of standardization, interoperability and de-fragmentation. Basel III stipulations on capital adequacy, liquidity and other related requirements, aim to reduce the systemic risk. The Payment Service Directive (PSD) and Single Euro Payments Area (SEPA) initiatives represent important changes that seek to create a common legal framework and a standardized environment for euro payment services in the European Union. PSD eliminates entry barriers for new non-bank payment service providers and reduces the execution cycles for payment processing and removes the ‘incoming’ float SEPA impacts payments pricing by standardizing processes and streamlining the Industry   The Testing Framework for Regulatory Compliance: It is important for financial institutions and payment service providers with a global footprint to assess:  The impact of the regulatory initiatives at the global, regional and national levels as applicable The impact on applications/core systems The impact on processing of inbound/outbound payments The regulatory readiness in terms of timelines, business processes.   Thus the testing framework for regulatory compliance should consider both business and technology aspects of payment processing. With the end date of 1 Feb 2014 for SEPA migration, involving usage of SEPA Credit Transfer (SCT) and SEPA Debit Transfer (SDT) being close at hand, organizations realize that much more needs to be done than simply moving away from the previous branch-sort-codes and account numbers and adopting the internationally valid bank identifier code (BIC) and international bank account number (IBAN). Thinksoft’s SMART testing framework for SEPA: With the cost per failed transaction at approximately €50, the financial impact of non-conversion becomes significant. The challenges in SEPA migration testing are manifold as it involves: BIC/ IBAN conversion, as the numbers are stored in diverse applications and interfaces Migration of corporates Creation of SEPA Unique Mandate References Migration of legacy mandates Creation of bulk files with valid data Thinksoft’s expertise and track record in testing core applications, end-to-end payment processing and SEPA migration testing will help in mitigating such risks. Thinksoft’s smart testing framework for SEPA covers: Utilities Input file generation Output file verification Input àOutput cross verification Input àpayment engine data à Output file cross verification