IZealiant Technologies:Leveraging Next-gen Payment Technologies to Drive a Cashless Economy

CIO Vendor In recent years, the payment industry has undergone a paradigm shift in upcoming trending technologies. Additionally, the occurance of demonetization has propelled the trend of digital payments even further. Customers and merchants alike are reaping its benefits I such as convenience, increased efficiencies and reduction in payment costs. While the digital payment industry is poised towards a massive transformation, increasing levels of risk and security breaches are the driving force of customer’s inhibitions towards fully adopting digital payment solutions. Already carving a niche space for themselves and having presence across six countries worldwide, Pune headquartered IZealiant Technologies has a comprehensive payment products suite that has been built on its own designed proprietary unique payment framework. This novel framework simplifies integration efforts with third-party systems like Bank host, Network, and Interchanges. “This frame work is built using secure coding guidelines along with unique algorithms for data encryption and authentication techniques within payment systems to make it secure transaction processing,” reveals Prashant Mengawade, Founder& CEO, IZealiant Technologies.

The company extends their services to customers with a wide array of products that facilitate the technology required for authentication and processing transactions on various acquiring channels and bank networks. Prashant adds, “IZealiant offers both licensing and hosting model to our customers so that they can have flexibility of selecting model of choice and install products at their data center or leverage them through our PCI DSS certified data center.”

Aware of the mounting number of data breaches that occur on a daily basis, the company offers a multifactor authentication platform, ZealMac, which has the ability to integrate with any enterprise wide application for designing second-factor authentication. It supports the authentication methods like OTP, Password, PIN, 3D secure, challenge response and a Mobile token that can be configured as per
the customer’s requirements. The e-commerce industry can command secure online transactions using ZealMac 3D Secure ACS that is certified for Verified by Visa, Master-card Secure code and American express Safe key programs. Additionally, with some of the company’s renowned customers being banks and financial institutions, the team
with their complete understanding of the payment domain developed the ZealMac Mobile token application. This application can be leveraged by banks to replace traditional SMS OTP that also works in offline mode without network and simultaneously reduce the expense of sending messages.

The team with more than 20 years of industry rich expertise maintains a leading position in the market and envisions becoming a global payment solution provider

In conjunction with this, the escalation in smartphone usage led to the launch of ZealPos, an integrated Mobile POS solution that is used for accepting Magstripe, EMV and contact-less payments by using simple mobile application and card reader. It eliminates the need for dedicated legacy POS hardware and can convert any merchant mobile phone to start accepting card payments connected to card reader over Bluetooth, WiFi or GPRS. This solution can also be useful in driving financial inclusion program and to facilitate card transactions in remote areas without ATM Network.

Despite being a recent entrant into this domain, the team with more than 20 years of industry-rich expertise maintains a leading position in the market and envisions becoming a global payment solution provider company. Furthermore, IZealiant is continually striving to expand their partner network that will assist in exploring new geographies and customers worldwide.