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Business Requirement Document For Payment Service Provider Platform

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499 views3 pages

Business Requirement Document For Payment Service Provider Platform

Uploaded by

patelparam057
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Business Requirement Document

1. Executive Summary:

The purpose of this document is to outline the detailed business requirements for the development of a Payment
Service Provider platform with a Minimum Viable Product (MVP). The MVP will include the integration of
Microsoft Azure API or New API to build for client website integration, Bank/Payment gateway API for banking
system integration using UPI QR Code, implementation of data masking, enhancement of platform security to
gaming industry standards, and utilization of Microsoft Azure Data Lake Services for data storage and security
within the Payment Service Provider platform.

2. Project Overview:

2.1 Project Name: Payment Service Provider Platform

2.2 Project Objectives:

• Integrate MS Azure API or New API to build for client website integration for UPI transactions.
• Use Bank/Payment gateway API to integrate with banking system integration for UPI transactions.
• Implement data masking on the Payment Service Provider platform.
• Enhance the platform's security to gaming industry standards.
• Utilize Microsoft Azure Data Lake Services for data storage and security.

3. Functional Requirements:

3.1 Integration of Microsoft Azure API or New API to build for Client Website:

• Objective: Enable seamless UPI transactions on client websites using Microsoft Azure API.
• Features:

- Integration of Azure API with client websites.

- Secure authentication and authorization mechanisms.

- Real-time transaction processing.

3.2 Integration with Bank/Payment Gateway API:

• Objective: Facilitate UPI transactions by integrating with banking systems using Bank/Payment gateway
API.
• Features:

- Integration with bank/payment gateway APIs.

- Compliance with banking standards and protocols.

- Two-way communication for transaction verification.


3.3 Data Masking Implementation:

• Objective: Protect sensitive data on the Payment Service Provider platform using data masking
techniques.
• Features:

- Dynamic masking of sensitive data during storage and transmission.

- Masking based on user roles and permissions.

- Logging and monitoring of masked data access.

3.4 Security Enhancement:

• Objective: Enhance platform security to gaming industry standards.


• Features:

- Two-factor authentication for user access.

- Regular security audits and vulnerability assessments.

- Encryption of sensitive user information.

3.5 Utilization of Microsoft Azure Data Lake Services:

• Objective: Utilize Azure Data Lake Services for data storage and security.
• Features:

- Integration with Azure Active Directory for access control.

- Encryption of data at rest and in transit.

- Regular backup and disaster recovery procedures.

4. Architectural Diagram:

[Insert Architectural Diagram Here]

5. Non-Functional Requirements:

• Compliance with regional and international regulations governing payment services.


• Scalability to accommodate increasing transaction volumes.
• Compatibility with existing IT infrastructure and systems.

6. Assumptions and Constraints:

Assumption: Client websites and banking systems will support API integration.

Constraint: Adherence to budget and timeline constraints for project completion.

7. Project Timeline:
Provide a detailed timeline for the development and implementation of each component, including testing and
deployment phases will take 100 man hours.

8. Risks and Mitigation Strategies:

Identify potential risks such as data breaches, system downtime, or API integration issues, and propose
strategies to mitigate these risks.

9. Approval:

Get approval from the stakeholders/Client for approving the requirements outlined in this document.

10. Revision History:

Maintain a record of revisions made to this document for traceability and version control.

This Business Requirement Document serves as a comprehensive guide for the development team to integrate
Microsoft Azure API, Bank/Payment gateway API, implement data masking, enhance security, and utilize
Microsoft Azure Data Lake Services within the Payment Service Provider platform.

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