FintechPaymentsE-commerceBanking

Magic – Bank-to-Bank Payment Platform

For Magic

A cost-effective, secure, and user-friendly payment platform enabling direct bank transfers between shoppers and merchants.

0%
Credit Card Fees
Instant
Payment Confirmation
95%
Merchant Satisfaction
3x
Faster Checkout

The Challenge

High transaction fees, complex integrations, and user friction in online payments using traditional credit card systems. Merchants were losing significant revenue to payment processing fees while customers experienced lengthy checkout processes.

  • Traditional payment gateways charged 2.9% + $0.30 per transaction
  • Complex integration requirements deterred small businesses
  • High cart abandonment rates due to lengthy checkout processes
  • Security concerns with storing credit card information
  • Limited payment options for international customers

Project Details

Industry
Fintech
Services
Full-stack Development, Banking Integration, Security Implementation
Timeline
8 months
Team Size
6 specialists
Technologies
React, Node.js, TypeScript, PostgreSQL

Our Solution

We developed Magic, a revolutionary bank-to-bank payment platform that eliminates traditional payment gateway fees while providing instant payment confirmation. The platform features seamless bank integration, advanced security protocols, and a user-friendly interface for both merchants and customers.

01

Discovery & Planning

Analyzed requirements, defined architecture, and planned the development approach with stakeholder input.

02

Development & Integration

Built core functionality, integrated with existing systems, and implemented security measures.

03

Testing & Refinement

Conducted comprehensive testing, gathered feedback, and refined the solution based on user needs.

04

Deployment & Support

Deployed the solution, provided training, and established ongoing support processes.

Visual Showcase

Screenshots and interfaces from the final product

Main application interface
Main application interface
Secondary feature view
Secondary feature view
Additional functionality
Additional functionality

The Results

Measurable impact within the first 6 months

0%
Lower Transaction Costs
Reduced payment processing expenses by replacing card fees with direct bank transfers
0%
Faster Payment Confirmation
Instant verification cut waiting times from minutes to seconds
0%
Payment Success Rate
Reliable and secure transactions through bank-level encryption
0%
Higher Checkout Conversion
Fewer drop-offs due to a simplified 'Pay with Magic' experience
0+
Stores Integrated
Successfully onboarded small and mid-size eCommerce businesses
0
User Feedback
Positive responses from both shoppers and merchants on ease of use

Technologies & Tools

React
Node.js
TypeScript
PostgreSQL
AWS
Stripe Connect
Plaid
Docker

Ready to Transform Your Business?

Let's discuss how we can create similar results for you. Schedule your free consultation today.