This fintech company provides technology-driven payment acquiring services, including card processing, 3DS Authentication, and Fraud Risk Management. By offering a streamlined payment ecosystem, it enhances transaction security and operational efficiency for businesses managing high volumes of electronic payments.
Funding
$550K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Payment aggregators and gateway banks face challenges in managing the complexities of electronic payments, including transaction security, authorization, and post-authorization processes. Inefficient systems can lead to increased risk, revenue leakage, and higher operational costs.
Solution
Mylapay provides a suite of technology-driven payment acquiring solutions designed to streamline the entire payment ecosystem. Their offerings include 3DS authentication, payment authorization switching, transaction management, fraud risk management, clearing and settlement solutions, reconciliation and GL accounting, transaction profitability analytics, and chargeback dispute management. Mylapay's solutions aim to enhance transaction security, improve operational efficiency, and provide comprehensive visibility into payment processing. By offering a unified platform, Mylapay eliminates the need for multiple vendors, reducing costs and ensuring seamless integration.
Target Audience
Mylapay primarily targets payment aggregators, gateway banks, and merchants seeking to optimize their payment processing, enhance security, and reduce operational costs.
Features
- **Mylapay Secure:** 3DS Server for secure online payment authentication, certified with EMVCo, and includes an integrated risk engine.
- **Mylapay Switch:** Payment authorization switch for online and offline payments, designed to increase payment success rates.
- **IntelleEngine:** Transaction management system for post-authorization processes, including clearing, settlements, reconciliation, and dispute management.
- **IntelleWatch:** Fraud risk management solution to mitigate fraudulent activities.
- **IntelleSquare:** Clearing and settlements solution with real-time settlement capabilities and support for multiple card networks.
- **IntelleRecon:** Reconciliation and GL accounting solution for efficient financial management.
- **IntelleProfit:** Transaction profitability analytics to provide detailed insights into transaction-level economics.
- **IntelleSolve:** Chargeback dispute management solution to handle and resolve chargeback disputes.
- **API-based add-ons:** Flexible API integrations for customized solutions.
- Cloud-based infrastructure with a 99.99% uptime guarantee.
- Real-time transaction costing and routing optimizer APIs.
- Comprehensive dashboard for enhanced visibility and control.