METHODS AND SYSTEMS FOR FACILITATING ACCESS OF INTERCHANGE PARAMETERS TO A PLURALITY OF DIGITAL APPLICATIONS

摘要

Systems and methods for facilitating access of interchange parameter data files through a centralized microservice system that integrates a plurality of interchange network systems with a plurality of payment processing applications. The microservice system comprises a plurality of microservices and a plurality of payment processing application modules hosting the plurality of payment processing applications. The microservice system accesses interchange related information sourced from the plurality of interchange network systems and stores the interchange related information in the plurality of microservices. A plurality of financial entities gets registered with the microservice system for availing services associated with the plurality of payment processing applications. The plurality of payment processing application sends a request to the microservice system to access the interchange related information required for processing of the payment transactions requested by the financial entities. The microservice system provides access of the interchange related information in response to receipt of the request.