Why Payment Systems?
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Credit cards managed to take care of security issues through signatures and photo cards. But virtual world faced imminent threat to its security due to the lack of necessary tools for validating the signature or the facial features of the logged in users. Hence the only proof of identity to be trusted was the valid credit card number and PIN number. This implied higher security concerns which triggered credit card companies to charge higher for internet enabled merchant accounts. (The account needed by merchant to accept credit card payment on the Internet). As a result credit cards became too expensive for smaller purchases.
This change initiated a host of new payment systems which gradually sprang up facilitating increased security on the net and enabling micro payments (up to 10 cents) or both. This field has an exponential rise in the number of new comers joining with equal players leaving the field. The key players in payment system are Ccavenue, PayPal, epassporte, Authorize.net, Verisign etc.
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Know our payment system - Flexibility and Automation
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Our payment system offer secure, real-time credit card processing and merchant account services that are tightly integrated with our e-business products. It allows you to choose just the services you need to complete your online payments process. Our functionality supports major payment gateways and merchant accounts. Processes are automated, the timing of payment processing is configurable and customers receive confirmation and updates with payment status.
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Multiple Payment Options |
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Our functionality supports varied payment processors for real-time or batch credit card authorization and processing. Multiple processors may be used concurrently and each may be associated with a business division, product category, or website.
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Payment Gateways |
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Accept credit cards and electronic checks through payment processors. These payment services give a low-cost alternative to a merchant account. Complete integration with payment gateway notifies your store in real-time of payments for integrated record keeping & order processing. Robust online payment tools allow easy integration with your existing or new merchant account - to process credit cards online, or checks online. It also helps to manage payments, issue credits, and view payment history.
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Purchase Orders, Terms and Credit Limits |
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Payment functionality has full support for Business-to-Business (B2B) transactions. Organizations may be granted terms and credit limits that automatically govern the sales process. Organizations may have multiple contacts that inherit the payment arrangement with the organization or individual contacts may be granted special or limited privileges.
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Real-time Order Status |
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Employees, sales people, management, shipping folks, and customers all have visibility (if they wish) into the exact real-time status of payments. The payment functionality enables the delivery of timely, accurate customer services and provides for customer self-service.
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Partial Receiving, Back Order Tracking, and Payment Processing |
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Our functionality supports the receipt of partial orders and corresponding payments and maintains real-time status on all backorders. When backorders arrives the system enables the payment for and fulfillment of outstanding orders.
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Order Modification |
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Orders may be modified, added to, amended and voided after they are originally placed and payments can be adjusted accordingly. The efficient workflow tracks for any modifications and make real-time changes.
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Order Approval |
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The payment functionality supports a full order approval process that ties to payment events with workflow that manages each stage and the recording of authorizations.
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Customer Notifications |
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Our Payment system enables customer notifications of payments received or due to be sent via email, fax, or mail. A template manager enables the customization of each type of communication.
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Transaction security
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Our payment system is s ecure with encryption server and 128 bit SSL encryption direct through the banking interchange . This enables to send order information in a secured manner to the payment gateway.
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