Product Manager – Payments/Acquiring (Consultant)

Art Technology and Software India Pvt Ltd; India; On-site; INR 2,500,000 - 3,500,000; Full time

Job summary

Art Technology and Software India Pvt Ltd is seeking a Product Manager for our acquiring platform, overseeing onboarding, authorization, clearing, settlement, and disputes.

You will collaborate with engineering, risk, and merchant teams to design scalable backend processes, understand ISO message flows, and ensure compliance with PCI-DSS.

Qualifications

• 4–8 years of Product Management experience with end-to-end exposure to acquirer systems.
• Fluent knowledge of Visa and Mastercard clearing/file formats and Base II file generation.
• Strong knowledge of payment message flows (ISO 8583/20022) and settlement cycles.
• Ability to read system/API specs and discuss architecture trade-offs with engineers.
• Familiarity with PCI-DSS and payment compliance frameworks.
• Strong analytical skills with data/logs to debug transactions and reconciliations.
• Excellent stakeholder management across technical and non-technical teams.
• Experience troubleshooting Base II / Mastercard clearing file mismatches or settlement issues.

Responsibilities

• Own the product roadmap for the acquiring stack spanning onboarding, authorization, processing, clearing, settlement, reconciliation, and disputes.
• Analyze message flows and architecture to optimize end-to-end payment processing.
• Translate clearing file requirements (Visa/Mastercard/ruPay) into backend specs.
• Collaborate with engineering on architecture decisions for authorization, clearing, settlement, and refunds.
• Partner with risk/compliance to define underwriting and fraud workflows.
• Define and monitor product metrics such as approval rates, settlement timelines, and latency.

Skills

End-to-end product management

Acquirer systems knowledge

ISO 8583/20022 knowledge

Visa/Mastercard clearing & settlement

PCI-DSS compliance

Analytics & data debugging

Stakeholder management

Backend/system architecture awareness

Dispute/reconciliation workflows

Job description

Product Manager – Payments/Acquiring

About the RoleWe're looking for a Product Manager who deeply understands how acquirer systems work end to end — not just at the application/UI level, but across the backend processing stack. You'll own the product lifecycle for our acquiring platform, working
closely with engineering, compliance, risk, and merchant/partner teams to build and evolve systems that handle real money movement at scale.

Key Responsibilities

• Own the product roadmap across the full acquiring stack — merchant onboarding,
  authorization, transaction processing, clearing, settlement, reconciliation, and
  chargebacks/disputes.
• Get into the technical weeds: understand message flows (ISO 8583/20022),
  switch/routing logic, ledger and settlement engines, and how transactions move
  between merchant, acquirer, network, and issuer.
• Own and drive requirements around clearing file generation — including Base II
  (Visa) clearing files and Mastercard, Amex clearing files — with a solid grasp of file
  structures, record types, and data elements within these scheme files.
• Translate scheme (Visa/Mastercard/RuPay etc.), network, and regulatory
  requirements into detailed backend and system-level product specs.
• Partner closely with engineering on system architecture decisions — not just feature
  requests — for authorization, capture, clearing, settlement, and refund flows.
• Work with risk and compliance teams on underwriting, fraud, and dispute
  management workflows, understanding the backend systems that power them.
• Define and track product/system metrics — approval rates, settlement TAT,
  reconciliation breaks, dispute ratios, system latency and uptime.
• Manage relationships with card networks, banking partners, and processors, including
  technical/integration discussions on clearing and settlement file exchange.

Requirements

• 4–8 years of Product Management experience with genuine end-to-end exposure to
  acquirer systems — able to speak fluently about both the merchant-facing product and
  what happens underneath it (switching, ledgers, clearing, settlement, reconciliation).
• Strong knowledge of Visa and Mastercard clearing and settlement files from the
  acquirer side, including Base II clearing file generation and Mastercard clearing file
  formats, along with the specific data elements/fields within these scheme files (TCR
  record structures, data element numbers, mandatory vs. conditional fields, etc.).
• Strong working knowledge of payment message flows and protocols (ISO
  8583/20022), authorization/clearing/settlement cycles, and how acquiring processors
  integrate with networks and issuers.
• Comfortable reading system/API specs and scheme file specifications, and discussing
  architecture trade-offs directly with engineering — this is not a purely front-end/UX
  facing PM role.
• Familiarity with card network rules, PCI-DSS, and payment compliance frameworks.
• Strong analytical skills; comfortable working with data and logs to debug transaction,
  clearing, and reconciliation issues.
• Excellent stakeholder management across technical and non-technical teams.
• Hands-on experience troubleshooting or reconciling Base II / Mastercard clearing file
  mismatches or settlement breaks.

Nice to Have

• Prior experience at a payment aggregator, acquirer, or acquiring bank in a role with
  direct exposure to backend clearing/settlement processing systems.
• Exposure to international payment schemes and cross-border settlement.
• Background in engineering or systems design before moving into product.