Kindly create a Product Requirement Document for MORSA, a payment service solutions company digitizing payments and driving financial inclusion through technology with the following characteristics;

Product brief: The MORSA app is a software (Mobile app) and hardware (Card Reader) solution enabling businesses and individuals receive and make contactless payments.

Application Software (Mobile App) Features:
1. Accept VISA, Mastercard, American Express, all major debit cards, Apple Pay, Android Pay, Google Pay and and Virtual cards NFC Payments in under 5 seconds.
2. Send online invoices
3. Send Payment Links to get paid remotely
4. Sell and accept gift cards
5. Send digital receipts and store them all on the cloud
6. Issue full or partial refunds
7. Deposit earnings from app to bank as requested by user.
8. Tap to Pay software-only solution enabling users to accept contactless card payments on-the-go, directly from their smartphones using NFC – no extra hardware needed.
9. Create QR Codes to accept payments
10. Connect and set up with card reader to receive card and contactless payments into app wallet.

Application Hardware (Card Reader) Features:
1. Connect with the MORSA software application to accept card and contactless (Tap to Pay) payments via NFC technology.
2. Connect card reader to any digital wallet from any app to accept card and contactless payments
user
Sure, I'd be happy to help you create a Product Requirement Document for MORSA. Here's a basic template that you can customize according to your specific needs and requirements:

Product Requirement Document Template for MORSA

**1.0 Scope**

This Product Requirement Document (PRD) defines the functional and non-functional requirements for MORSA, a payment service solutions company. The scope includes the following:

- Application Software (Mobile App)
- Application Hardware (Card Reader)

**1.1 Purpose**

The purpose of this PRD is to provide a common understanding between the product owner, development team, and other stakeholders regarding the functional and non-functional requirements for MORSA.

**1.2 Deliverables**

The deliverables of this PRD are:

- A complete list of functional and non-functional requirements for MORSA
- Detailed specifications for each requirement
- Prioritization of the requirements
- Acceptance criteria

**2.0 Functional Requirements**

Functional requirements describe what the product should do. The functional requirements for MORSA are:

**2.1 Application Software (Mobile App)**

2.1.1 Accept VISA, Mastercard, American Express, all major debit cards, Apple Pay, Android Pay, Google Pay, and virtual cards NFC Payments in under 5 seconds.
- The application should be able to accept all major payment cards.
- Payment should be processed within 5 seconds.

2.1.2 Send Online Invoices:
- The application should allow users to create and send online invoices.
- The invoices should be customizable with the company's logo and other relevant details.

2.1.3 Send Payment Links to Get Paid Remotely:
- The application should allow users to create and send payment links.
- The sent links should be accessible through a unique link or generated QR code.

2.1.4 Sell and Accept Gift Cards:
- The application should allow users to create and sell gift cards.
- The gift cards should have an expiry date.
- The gift cards should be redeemable within a specific time limit.

2.1.5 Send Digital Receipts and Store Them All on The Cloud:
- The application should allow businesses to send digital receipts.
- The sent receipts should be accessible on the cloud.

2.1.6 Issue Full or Partial Refunds:
- The application should allow businesses to issue full or partial refunds.
- The refunds should be issued and accepted in a secure manner.

2.1.7 Deposit Earnings from an app to the bank as requested by the user:
- The application should enable the user to transfer funds to a bank account.

2.1.8 Tap to Pay software-only solution enabling users to accept payment on-the-go, directly from their smartphone using NFC – no extra hardware needed:
- The application should allow users to process payments by tapping the device on the reader.

2.1.9 Create QR Codes to accept payments:
- The application should enable users to generate QR codes to accept payments.

2.1.10 Connect and set up the card reader to receive card and contactless payments into the app wallet:
- The application should permit users to connect their card reader to the app.

**2.2 Application Hardware (Card Reader)**

2.2.1 Connect with MORSA software application:
- The card reader should be an essential part of the application hardware.
- The card reader should communicate with the mobile API.

2.2.2 Connect to any digital wallet from any app to accept card and Contactless payments:
- The card reader should be able to connect to any digital wallet AND accept card and contactless payments in those wallets.

**3.0 Non-Functional Requirements**

Non-functional requirements specify the "how" and "what" attributes of the product. Here are non-functional requirements for MORSA:

**3.1 Application Software (Mobile App)**

3.1.1 Compatibility:
- The application should be compatible with the latest iOS and Android operating systems.

3.1.2 Performance:
- The application should perform well with an acceptable delay.
- The application should avoid lagging during ongoing transactions.

3.1.3 User Interface:
- The application should feature an intuitive and user-friendly interface to provide ease in payment processing.

3.1.4 Security:
- The application should incorporate standard-level encryption tests while performing transactions.

3.1.5 Privacy:
- The platform should respect individuals' data safety by undertaking measures to protect it.

**3.2 Application Hardware (Card Reader)**

3.2.1 Compatibility:
- The card reader should be compatible with a wide range of mobile devices.

3.2.2 Reliability:
- The card reader should operate steadily with a high degree of chance over a reasonable amount of time.

3.2.3 Durability:
- The card reader should maintain a policy of resistance from being harmed while operated, dropped, or extreme temperature exposure.

3.2.4 Security:
- The card reader should incorporate standard-level encryption and employs a transmission shield.

**4.0 Acceptance Criteria**

Acceptance criteria are referred to specific conditions the client should temporarily follow to ensure the built software product fulfills the made functional requirements. These are observed and administered during software acceptance tests.

**4.1 Application Software (Mobile App)**

4.1.1 Online Invoicing:
- All Created invoices learned correctly.

4.1.2 Payment Links:
- Payment Links work correctly.

4.1.3 Gift Cards:
- Gift cards are created victoriously with an adequate amount.

4.1.4 Digital Receipts:
- Digital receipts created, documents sent, and record data steady in a digital file.

4.1.5 Refunds:
- Full or partial crosses issue & approval.

4.1.6 Transmission to Bank:
- Acceptance is made from the client's account healthily.

4.1.7 Tap to Pay:
- Payments successfully processed.

4.1.8 QR Code:
- All accepted significant.

4.1.9 Connection and Assisting Cards and Making Payments:
- The card reader is arranged productively in varied payment transactions.

4.1.10 Compatibility:
- The program operates entirely and delivers support apparatus.

**4.2 Application Hardware (Card Reader)**

4.2.1 Compatibility:
- The attached instance is well-organized.

4.2.2 Reliability:
- reliable, running for a reasonable duration.

4.2.3 Durability:
- The card reader works fine after temperature exposure or drops.

4.2.4 Encryption and Employs Transmitting Concealment:
- The reader continues to function and makes precise SHIELD in allegedly built conditions.

**5.0 Prioritization**

5.0.1 High Priority:
- The most important functional, and non-functional areas of the software that concern the client.

5.0.2 Medium Priority:
- An important segment of the software.

5.0.3 Low Priority:
- Ultimately the minimum vital segments required are added in this class.

**6.0 Glossary**

Description of essential terminologies utilized during the process of construction.

**7.0 References**

List of fundamental resources referred to this product requirements assembled.

**8.0 Appendix**

Integrations with the Third Party.

**Conclusion**

This PRD primarily summarizes functional and non-functional requirements for MORSA. These requirements will assist in the development of Project Plans and Alteration Requirement Forms in the development process and considerably influence technical decisions. We will consequently update them as necessary during the whole software improvement process.
assistant
Kindly create a Product Requirement Document for MORSA, a payment service solutions company digitizing payments and driving financial inclusion through technology with the following characteristics;

Product brief: The MORSA app is a software (Mobile app) and hardware (Card Reader) solution enabling businesses and individuals receive and make contactless payments.

Application Software (Mobile App) Features:
1. Accept VISA, Mastercard, American Express, all major debit cards, Apple Pay, Android Pay, Google Pay and and Virtual cards NFC Payments in under 5 seconds.
2. Send online invoices
3. Send Payment Links to get paid remotely
4. Sell and accept gift cards
5. Send digital receipts and store them all on the cloud
6. Issue full or partial refunds
7. Deposit earnings from app to bank as requested by user.
8. Tap to Pay software-only solution enabling users to accept contactless card payments on-the-go, directly from their smartphones using NFC – no extra hardware needed.
9. Create QR Codes to accept payments
10. Connect and set up with card reader to receive card and contactless payments into app wallet.

Application Hardware (Card Reader) Features:
1. Connect with the MORSA software application to accept card and contactless (Tap to Pay) payments via NFC technology.
2. Connect card reader to any digital wallet from any app to accept card and contactless payments
user
**Product Requirement Document (PRD)**

**Product Name:** MORSA Payment Solutions

**Product Brief:** MORSA is a comprehensive payment service solution, combining both software (Mobile App) and hardware (Card Reader) to facilitate businesses and individuals in making and receiving contactless payments. The solution aims to digitize payments and promote financial inclusion through cutting-edge technology.

**I. Application Software (Mobile App) Features**

1. **Payment Acceptance:** The app should accept VISA, Mastercard, American Express, all major debit cards, Apple Pay, Android Pay, Google Pay, and Virtual cards NFC Payments in under 5 seconds.

2. **Online Invoices:** The app should have the capability to send online invoices to customers.

3. **Payment Links:** The app should be able to generate and send payment links for remote payment collection.

4. **Gift Cards:** The app should have a feature to sell and accept gift cards.

5. **Digital Receipts:** The app should be able to send digital receipts to customers and store them on the cloud for easy access and retrieval.

6. **Refunds:** The app should have the capability to issue full or partial refunds to customers.

7. **Bank Deposits:** The app should allow users to deposit their earnings from the app to their bank account as per their request.

8. **Tap to Pay:** The app should have a software-only solution enabling users to accept contactless card payments on-the-go, directly from their smartphones using NFC – no extra hardware needed.

9. **QR Code Payment:** The app should have the ability to create QR codes for accepting payments.

10. **Card Reader Integration:** The app should be able to connect and set up with the card reader to receive card and contactless payments into the app wallet.

**II. Application Hardware (Card Reader) Features**

1. **Software Integration:** The card reader should be able to connect with the MORSA software application to accept card and contactless (Tap to Pay) payments via NFC technology.

2. **Digital Wallet Compatibility:** The card reader should be able to connect to any digital wallet from any app to accept card and contactless payments.

**III. General Requirements**

1. **Security:** The system should adhere to the highest security standards to protect user data and transactions.

2. **Compliance:** The system should be compliant with all relevant payment and data protection regulations.

3. **User Interface:** The system should have an intuitive and user-friendly interface for ease of use.

4. **Scalability:** The system should be scalable to accommodate a growing number of users and transactions.

5. **Reliability:** The system should be reliable and have minimal downtime.

6. **Support:** The system should provide robust customer support to assist users with any issues or queries.

**IV. Future Enhancements**

The system should be designed in a way that allows for future enhancements and additions to features and capabilities. This includes integration with new payment methods, expansion to new platforms, and addition of new functionalities as per market demands and technological advancements.
assistant