1. T r u s t
t h e
E x p e r t s
Payments Testing @ Thinksoft
The payments industry:
The payments industry is going through a phase of transformation. Rapid changes are being introduced by every country in the
regulatory framework to ensure both financial and non-banking institutions entering the payment processing business are secure,
controlled and customer centric. Significant investments are being made towards the convergence of retail and wholesale payments,
increased security and regulatory compliance. With our extensive domain knowledge on payments combined with our time tested
proven methodologies Thinksoft is uniquely positioned to help you leverage the current opportunities.
Thinksoft Global Services Ltd (TGSL)
Organizational Strengths:
Track Record:
• 25% of the employees are from payments industry
with sound domain knowledge
• Over 6 million hours of testing payments applications
• TGSL is exclusively focussed on the BFSI sector;
business-assurance and testing
• 38 roll-outs, 34 platform migrations, 30 plus
certifications & 50 compliance projects
• 11000 test cases from the Cards & Payments
business
• Faster ‘time to market’ by leveraging the ready to use
test ware repositories covering inward & outward
payments clearing via settlement mechanisms such
as CHIPS, CHAPS, SEPA, FEDWIRE, TARGET, EBA,
FPS. Swift Payments, Book Payments covering Vostro
& Nostro accounts, Direct Credits, Direct Debits,
Cards Payments and Regulatory Reports.
Benefits:
• 100% requirements test coverage
• Thorough Traceability verification leading to early
identification of gaps (25% + cost savings) and
reduced defect fixing cost
• 30% of test planning time saved due to re-use of test
artefacts from repository.
• 300 plus payments projects
• Exposure to GPP: Global Payplus

2. Thinksoft Core Payment Processing Testing Experience
Sanctions &
Compliance
Check
SWIFT Messages
CHIPS Messages
Funds
Check
Querying
System
Currency
Conversion
Accounting
System
FEDWIRE
Messages
Advices
R OUTER
Statements
C
R
O
A
N
O
U
H
R
U
T
N
E
R
L
SWIFT OUT
T
CORE PAYMENT SYSTEM
E
E
FED OUT
R
CHIPS OUT
Mail
Customer
Database
Monitoring
System
Billing
Warehouse
Legend: CHIPS: Clearing House Interbank
Payment System CHAPS: Clearing House
Automated Payment System, SEPA: Single
Euro Payment Area, FEDWIRE: Formerly
Federal Reserve Wire Network, TARGET:
Trans-European Automated Real-time Gross
settlement Express Transfer system, EBA:
European Banking Association, FPS: Flexible
Payment Service
Key parameters of domain knowledge:
• Transaction based test data management
• Simulators for payment message injectors
• Stubs for response from interface applications
• Risk based testing using Risk Prioritization Matrix (RPM)
• Domain oriented test automation using Thinksoft’s framework
ARTEMIS that compresses test cycles
• Compliance with standards set by the Payments Services
Directive (PSD), the Financial Action Task Force (FATF),
European Payment Council (EPC) contracts, Office of
Foreign Asset Control (OFAC), Foreign Account Tax
Compliance Act (FATCA) and UK’s Financial Service
Authority (FSA)
• Requirements-assurance for ISO 20022
Service Offerings:
Payments Repository Metrics:
• Functional artifacts : 22 Functions, 120 Sub
functions and 65 end 2 end scenarios
• Testing artifacts: 950+ test conditions along with
5700+ test cases
Offering across the Application Life Cycle
Clean Requirements
Into Development
TGSL’s domain focused approach and philosophy
enables it to be completely product/vendor agnostic.
This independent & meticulous approach helps
customers in taking critical decisions.
Automated Regression Test Packs
BAU Testing
Release / Project Testing
● Proactive Risk
Mitigation
Business
User
Satisfaction
Risk Control
&
Predictability
● Dashboards
Seamless Translation
of BR into FS
Review FS-Gap Analysis
Fit for Purpose Testing
Envision
Optimize
Maintenance Costs
Value Proposition:
● 100%
Functional
Coverage,
Heavy Lifting
Business Process Mapping
Requirements Documentation
REP Preparation
Participate in Vendor Selection
Retire
Design
Bridge Domain Gap
Maintain
Develop
Review Unit Test Plans
Test Strategy Preparation
Test Plans
Quick Transition to
Productive Use
User Training / User Manual
Rollout Support
Functional Help Desk
Accept
Deploy
Testing Rigor & Vigor
System / Integration Testing
Data Migration Testing
Testing of Satelite Systems
Clean Software
Into Production
Faster
● Higher
Productivity
Reusability
User Acceptance Testing
Performance Testing
Smarter
● >90%
Offshoring,
Best Practices
For more details, visit www. thinksoftglobal.com
Disclaimer: All the documentation and other material contained herein is the property of Thinksoft Global Services and all intellectual property
rights in and to the same are owned by Thinksoft Global Services. You shall not, unless previously authorized by Thinksoft Global Services in
writing, copy, reproduce, market, license, lease or in any other way, dispose of, or utilize for profit, or exercise any ownership rights over the same.
In no event, unless required by applicable law or agreed to in writing, shall Thinksoft Global Services, or any person be liable for any loss, expense
or damage, of any type or nature arising out of the use of, or inability to use any material contained herein. Any such material is provided “as is”,
without warranty of any type or nature, either express or implied. All names, logos are used for identification purposes only and are trademarks
or registered trademarks of their respective companies
T r u s t
t h e
E x p e r t s