To migrate an existing proven payment platform to blockchain and provide immediate digital adoption to merchants, payment and crypto service providers
1. HARNESSING PROVEN TECHNOLOGY
Proprietary, cloud-based technology
Intelligent routing & switching for cost optimization
Real-time consolidated reporting and dashboards
Certified processor of Visa, MasterCard, Discover Card, Diners Club, and American Express
BASE I and BASE II capable
Fully functional ISO 8583 Payment Switch
Fully compliant local/global instances
REAL TIME OMNI-CHANNEL
E-commerce, Physical PoS, mPoS, MOTO, Coupon, Loyalty on a single integrated platform
All major Card Brands and comprehensive coverage of global Alternative Payment Methods (APMs)
Processing 130+ currencies
Web-based, secure portal for transactions management
Comprehensive audit trail & access control
Encrypted payment card data
PCI DSS Level 1 Compliant
2. MIGRATION TO BLOCKCHAIN
The typical payment processing integration model is very linear and dependent on the payment network company. Due to this linear model, the integration is very costly and time lengthy. HAZZA network’s Open API model takes a different approach; the payment channel integrates itself to the HAZZA network using the public API, removing the bottleneck.
Smart contracts will be used to facilitate aspects such as KYC, commercial terms, participant registry, and publishing of services. Due to the nature of this evolving technology, merchants and payments participants will see significant time savings and minimized acquisition costs.
CORE PROCESSING PLATFORM
The Foundation will evaluate the new blockchain technology readiness and leverage it for core processing when ready. This includes evaluation of off-chain state channel technologies, such as Lightning Network and RAIDEN.