Open Payments Cloud at Findevr London 2017
•Download as PPTX, PDF•
0 likes•208 views
The document discusses the Open Payments Cloud (OPC) which aims to simplify building and deploying complex payment applications. The OPC combines diverse payment APIs into a robust framework, matches applications to financial institutions and payment providers, and avoids complicated licensing requirements. Developers can publish applications to the OPC, which deploys them with real financial institutions. The OPC incorporates third party APIs using "Paylets" that represent identities, payment instruments, transactions, and more. It provides tools like a Payment Application Modelling Language to build applications and a sandbox for testing.
Recommended
More Related Content
What's hot
Similar to Open Payments Cloud at Findevr London 2017
Similar to Open Payments Cloud at Findevr London 2017 (20)
More from Ixaris Systems
More from Ixaris Systems (12)
Recently uploaded
Recently uploaded (20)
Open Payments Cloud at Findevr London 2017
- 1. Open Payments Cloud Alex Mifsud, Founder & CEO, Ixaris Brian Vella, Lead Technical Architect, Ixaris
- 2. The stage is set for open banking Developer heaven Lots of public payment APIs Visa, MasterCard, Stripe, … PSD2 obliges banks to offer AI and PI APIs from 2018 Lots of non-bank FIs in the market BIN sponsors, acquirers, bank-based payment providers, …
- 3. The stage is set for open banking, but… Developer hell Payment APIs are not so easy to mashup Regulatory requirements still get in the way Developers need to on-board with FIs to process real transactions
- 4. 1.Publish Developer publishes App to the App store 3. Run Banks and Processors = Financial Service Providers (SPs) 2. Deploy Programme Manager selects the App and matches it to a service provider More choice Happier customers! The answer is the Open Payments Cloud
- 5. What the Open Payments Cloud provides Combine diverse payment APIs into a robust, fault- tolerant payment application Match your application with Financial Institutions and Payment service providers Avoid complicated PSD2 TPP licensing to access non-OPC- participating FI accounts
- 6. Specifically, the OPC is NOT another Payments API… Tools to simplify build, deploy and run of complex payments services Openly extensible – absorbs any other payments API and sandbox Anyone can set up their own virtual private payments clouds Open Payments Cloud is the only publicly-accessible openly-extensible bank-independent framework for payments
- 7. OPC in Action 3rd party APIs are incorporated into a Payment Model – a central concept in OPC The application is built around the Payment Model using various tools The Payment Model automatically generates all the sandbox functionality needed to test the application Once tested, it can be published and deployed with real Fis
- 8. model Building a Payment Application 1. Start with a use case 2. Define or choose the model 3. Build the application (logic & secure interfaces) 4. Run the application (match service providers) logic UX / API / reports application
- 9. What makes up a Payment Model? Identities Owners of funds Absorbs identity verification and CRM APIs Payment Instruments Where funds are held Absorbs account provisioning and payment APIs Transactions How funds are moved Absorbs risk and compliance APIs Identity Paylets Corporate Paylet Managed Card Paylet Transaction Paylets Deposit Paylet Withdraw Paylet External Account Paylet Managed Account Paylet Transfer Paylet Payment Instrument Paylets Payment Model Building Blocks are called Paylets Payment Model defines which paylets are used, relations between them and constraints on their attributes
- 10. Anatomy of a Paylet The combination of paylets results in a mashup of 3rd party services OPC provides integrity and consistency across paylets Paylets enable matching 3rd party service providers based on capabilities connector 3rd Party Service paylet Service Provider interface Swagger API 3rd Party API
- 11. Demo Payment Application Model Payment Instruments Transactions Identities External Accounts Managed Accounts Managed Cards Transfer Deposit Withdraw Corporate Identities
- 12. PAML Payment Application Modelling Language Select paylets, specify relations and constraints Data Extracting and Reporting UX Framework API Framework Security Framework for handling sensitive information in UX, API and reports Sandbox OPC Tools
- 13. Come build your payment application Connect with financial providers in a collaborative paymentstech market place Happening now! – We will be launching the OPC this month so register your interest today! openpayments.cloud
- 14. Twitter: @OpenPayCloud Web: openpayments.cloud Email: dropusaline@ixaris.com
Editor's Notes
- Existing / new application Speak with payment flows through the model The yellow part is on my laptop Blue is OPC (in the cloud)
- Build 1 - idea keeping it really simple for the demo - corporate purchasing (creating separate cards for corporate purchases) describe the idea quickly (~1 minute) 2 - define / choose model - using provided model - advantage that service providers will already be familiar with it, creating your own model makes the model fit the idea better but service providers will need to understand and accept such model (can remove this point to preserve time) - describe the model & components (~2 minute) 3 - Build application logic using APIs - can access API for each component used in the model, describe the logic and how it uses the APIs (~2 minute) 4 - Build Application endpoints - describe UX framework and DW capabilities for reporting (~3 minute) Transition to deploy / run 5 - show alpha app, do a card create, transfer, simulate auth + settlement (depending on time) (~1 minute) Deploy / Run 6 - Deploying a programme - very briefly decribe that programme is configured based on model, compiance is done at this stage, approval by service provider (~1 minute) 7 - show above actions in portal (~1 minute) Focus on managed card Show logic and connection with paylet API Show API framework part covering this and UX component 3 minutes slides 2 minutes app 4 minutes code
- Removed Libraries & Guidelines Handling Idempotency Managing configuration, limits, fees and counters Administration endpoints