shieldpay

Shieldpay is a payment service provider and instant digital escrow service that enables secure transactions and payments between consumers. The system provides services to mainly three user base that is: Consumer, Enterprise and Real Estate. Their services include payment processing, fund transfer, escrow facilities, crypto-currency exchange and consumer credit options. It is an entity that collects holds and disburses funds according to buyer and seller instructions to eliminate risk and uncertainty in peer-to-peer payment exchange.

Challenge
  • Integrating this system with classified websites: Integration of this system with the classified websites was the major requirement wherein the website users can be redirected to proceed via this system.
  • Streamline the payment process: One of the major features of the entire system which makes this system different from other system is two-way security payment method. This was one of the most challenging parts of development.
  • Payment Security: The system involves payment exchange and management hence the major concern was to provide secure platform for fast and easy payment.
  • Enhancement of User Experience: As the application grew the major challenge was to keep the application speed optimized as per the traffic.
  • Currency exchange through banks: The system involves transfer of money from banks to this system vault and vice versa.
  • Crypto-Currency Integration: The client wanted to integrate a functionality wherein the customers can exchange crypto currency through the website.
Solution:
  • We delivered a solution through which the user whenever searched for any product on the classified website they get an option to proceed with shield pay. The user can send the price they are looking for the product and the product owner receives a notification with the price the buyer requested, hence they proceed further.
  • We developed a system wherein the users are able to request for payment from the buyer and vice-versa. The system facilitated the users to request the escrowed payment and once both the user has provided their permission on transaction only then the transaction will be proceeded further
  • To manage the server security we implemented AWS secure infrastructure into the system we integrated elastic load balancer, cloud watch dynamo DB
  • To manage and optimize the application speed we implemented AWS elastic load balancer in the application which auto scales server as per requests load
  • To achieve this functionality we integrated PBBA and EPDQ APIs.
  • To achieve this functionality we integrated coin base.

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