<br><br> Location: Pune, India <br><br> Time type: Full time <br><br> Job requisition id: R-176376 <br><br> Our Purpose: We work to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. We cultivate a culture of inclusion for all employees that respects their individual strengths, views, and experiences. We believe that our differences enable us to be a better team – one that makes better decisions, drives innovation and delivers better business results. <br><br> Job Title: Software Engineer I <br><br> Overview <br>- Core Payments of MasterCard is involved in developing Authorization, Clearing and other major functionalities for MasterCard. <br>- Clearing system manages clearing processing for Credit and Debit -offline transaction. <br><Br> Functions include the following: <br>-Editing transactions to ensure adherence to MasterCard processing standards <br>-Performing currency conversion, assessing interchange fees, and calculating settlement values for each transaction <br>- Develop solutions for the Clearing and Core Systems which includes Modernizing the existing Mainframe based applications to Cloud based Micro Services. <br>- Develop project schedule and track the deliverables <br>- Coordinate with other groups including vendors and other groups within MasterCard to ensure success of the project. <br>- Have you worked in a full lifecycle development project and used various development methodologies including Agile. <br>- Do you have an understanding of Payment and Cards industry? <br>- Are you a technical Subject Matter Expert who can guide young talent ? <br><br> Role <br>- To develop and implement changes in high performance and scalable application using Java technologies. <br>- Involve in development, testing, implementation and Support of Clearing System. <br>- Delivery of any assigned tasks within specified timelines to the expected quality. <br><br> All About You <br>- Hands on JAVA and Oracle. Ability to navigate in Mainframe based COBOL code. <br>- Experience in Core Java, J2EE, Spring Boot, Spring Batch <br>- Experience in COBOL, DB2, JCL <br>- Experience in Web Services, Microservices and API. <br>- Strong Communicator with good written skills <br>- Good Expertise in Application development <br><br> COVID-19 Considerations <br>We value the safety of each member of our community because we know we’re all in this together. In many locations, which may change over time, we’ve implemented a virtual hiring process and continue to interview candidates by video or phone. In addition, in some locations, only individuals who have been fully vaccinated will be permitted inside Mastercard offices until further notice. In the US, Mastercard is a government contractor, which may legally require most Mastercard employees to be vaccinated unless a verified approved medical or religious exemption is granted. Further, we are currently making every effort towards having employees return to work in the office 2 days per week, if that makes sense for their team. Everyone must be vaccinated to enter Mastercard offices at this time. Therefore, we expect all candidates to be vaccinated or to be approved for a medical or religious accommodation prior to commencing work at Mastercard. <br><br> Corporate Security Responsibility <br>All activities involving access to Mastercard assets, information, and networks comes with an inherent risk to the organization and, therefore, it is expected that every person working for, or on behalf of, Mastercard is responsible for information security and must: <br>- Abide by Mastercard’s security policies and practices; <br>- Ensure the confidentiality and integrity of the information being accessed; <br>- Report any suspected information security violation or breach, and <br>- Complete all periodic mandatory security trainings in accordance with Mastercard’s guidelines. <br><br> About Company: Mastercard Inc. is the second-largest payment-processing corporation worldwide. It offers a range of financial services. Its headquarters are in Purchase, New York. Throughout the world, its principal business is to process payments between the banks of merchants and the card-issuing banks or credit unions of the purchasers who use the Mastercard-brand debit, credit and prepaid cards to make purchases. Mastercard has been publicly traded since 2006. Mastercard (originally Interbank then Master Charge) was created by an alliance of several regional bankcard associations in response to the BankAmericard issued by Bank of America, which later became the Visa, still its biggest competitor. Prior to its initial public offering, Mastercard Worldwide was a cooperative owned by the more than 25,000 financial institutions that issue its branded cards. Although BankAmericard's debut in September 1958 was a notorious disaster, it began to turn a profit by May 1961. Bank of America deliberately kept this information secret and allowed then-widespread negative impressions to linger in order to ward off competition. This strategy was successful until 1966, when BankAmericard's profitability had become far too big to hide. From 1960 to 1966, there were only 10 new credit cards introduced in the United States, but from 1966 to 1968, approximately 440 credit cards were introduced by banks large and small throughout the country. These newcomers promptly banded together into regional bankcard associations. One reason why most banks chose to join forces was that at the time, 16 states limited the ability of banks to operate through branch locations, while 15 states entirely prohibited branch banking and required unit banking. A unit bank can legally operate only at a single site and is thereby forced to remain very small. By joining a regional bankcard association, a unit bank could quickly add a credit card to its lineup of financial products, and achieve economies of scale by outsourcing tedious back office tasks like card servicing to the association. Such associations also enabled unit banks to aggregate their customer bases and merchant networks in order to make a credit card useful for both customers and merchants; early credit cards had failed because they could only be used within a small radius around their respective issuing banks. In 1966, Karl H. Hinke, an executive vice president at Marine Midland Bank, asked representatives of several other banks to meet him in Buffalo, New York. Marine Midland had just launched its own regional bankcard in the Upstate New York market after Bank of America declined its request for a BankAmericard regional license on the basis that Marine Midland was too big. The result of the Buffalo meeting was that several banks and regional bankcard associations soon agreed to join forces as Interbankard, Inc., which then became the Interbank Card Association (ICA). By the end of 1967, ICA had 150 members and Hinke became ICA's chairman. Bank of America eventually joined MasterCard as well. (In the 21st century, Bank of America would revive the BankAmericard brand name as a Mastercard credit card, which it remains today.)
