Payment Switch

Allows higher success rate and faster processing time for online and offline transactions. A robust and secure platform providing authorization and switching solution for banks and facilitators.

Lyra’s Payment Switch provides authorization and switching solutions with regard to the payment system transactions. This advance payment service provides the customer with a robust and secure platform.

Providing high-end infrastructure and innovative payment solutions over a decade in India, Lyra has developed Payment Switch which saves merchants from the connectivity and security issues. This solution dynamically routes payment transactions between the acquirer and payment service provider revamping the transaction success rate.

FEATURES

Card acquisition, processing, and settlement

High-end ISO switch infrastructure for online authorization/reversal

Supports POS, ECOM, MOTO, SMS and DMS networks

In-house hosting, direct connectivity with card schemes

Connects with PSTN, 3G, 4G, LAN, Wifi and IP devices

Supports Visa, Mastercard, and Rupay card schemes

A SOLUTION FOR EVERY NEED

Lyra’s Payment Switch can handle both online and offline transactions. It is an interoperable processing solution that handles card network exceptions and has a customizable risk management module and renders the merchants with the shortest merchant onboarding.

With a high-end ISO infrastructure and rules-driven architecture, this technology is integrated with Lyra's secured Payment Gateway. Lyra Payment Switch provides a merchant with a secure online payment service provider for processing card acquisition, in the most possible efficient way

With a unique combination of our domain experience and technology advancement, Lyra offers this comprehensive payment processing platform certified by Visa, Mastercard, and NPCI.

Coupled with a production-grade platform for offline transactions, it processes incoming/outgoing files with card networks.

Lyra Payment Switch is compliant with the latest security and data privacy standards, providing a scalable, reliable and highly-available platform that manages the acquisition, authentication, capture, and authorization of online transactions.

Ready to find out more?

KNOW WHAT PAYMENT SWITCH CAN DO FOR YOU

Active-Active high availability

It prevents unscheduled outages and allows scheduled maintenance to be performed without downtime

A broad spectrum of device support

Lyra's Payment Switch supports a wide variety of services across traditional and modern services like POS, MPOS, ECOM, MOTO, SMS and DMS networks.

Card scheme management

Lyra Payment Switch acquires, processes, clears and settles credit and debit card transactions in real-time.

Extensive transaction support

The switch supports a wide range of transactions for both issuers and acquirers including, mobile payments, online payments, transfers, refunds, etc.

Connection with the major card schemes

It has direct connectivity with card schemes and supports Visa, Mastercard, and Rupay.

Efficient transaction switching and management

LYRA Switch can be connected across various systems for transaction processing.

Reliable interface

The built-in interface renders dynamic transaction routing thereby giving banks and aggregators the ability to view and analyze payment transactions with ease.

Flexible connectivity platform

It comes with default connectivity platform to connect to PSTN, 3G, 4G, LAN, WiFi, and IP devices

System integration

Fully integrated with 3DS MPI, ECOM platform, Lyra Payment Gateway, POS platform, and LUMA.

Secure processing

Lyra Switch is PCI DSS V3.2.1 compliant and certified by VISA, MasterCard and NPCI. It processes authorization transactions in ISO-8583 format (all versions). Lyra's Payment Switch is compliant with RBI's regulations on the storage of sensitive card information providing highly secure transactions.

Robust architecture

High-end ISO switch infrastructure for online authorization/reversal and improves reliability with the real-time transaction process. Modular architecture allows the fast rollout of new features and functions.

CLEARING & SETTLEMENT

  • Coupled with the production-grade platform for offline transactions
  • Processes incoming/outgoing files with card networks
  • Shortest merchant onboarding
  • Customizable risk management module
  • Chargeback management: handles card network exception
  • PCI-DSS 3.2.1 compliant, certified by Visa, MasterCard, NPCI

BENEFITS

  • BIN sponsorship
  • One-stop-shop for POS/ECOM/MOTO card acquisition
  • Fully integrated with 3DS MPI, ECOM platform, Lyra Payment Gateway, POS platform LUMA
  • Promotes quick transaction flow
  • Highly secure transactions
  • Compliant with RBI’s regulation on storage of sensitive card information
  • Processes incoming/outgoing files with card networks
  • Modular architecture allowing the fast rollout of new features and functions.
  • Prevents unscheduled outages and allows scheduled
  • maintenance to be performed without downtime
  • Compliance with card scheme mandates is maintained as part of the standard support service

Lyra's Payment Switch can acquire, authenticate, authorize and switch transactions for,

payment-switch-for-banks

Banks

payment-switch-for-facilitators

Facilitators

payment-switch-for-card-schemes

Card Schemes

payment-switch-for-digital-transaction

Digital Transactions

payment-switch-for-pos-devices

POS Devices

payment-switch-for-ewallet

E-Wallets

payment-switch-for-ecommerce

Ecommerce

Interested?

Contact us to get Lyra payment switch and we’ll be in touch as soon as possible.