Web Fee Gateway and just how It really works

An on-line Web fee gateway enables you to procedure credit score card orders out of your web site in actual time. By doing this, the consumer understands instantly whether or not or not their credit score card was authorized.

A very simple way of understanding exactly what a Fee Gateway in Australia does is to imagine paying for fuel credit card processing gateway at a service station with your credit card. You place your credit card into a physical terminal and swipe it, the software on the terminal then processes the transaction on behalf from the service station and notifies the store attendant whether the transaction was successful or not. In an on-line payments scenario a Fee Gateway will be the software that processes the transaction on behalf from the merchant.

executed Attestation of Compliance (AOC) forms, properly signed by Reside Fee Gateway,LPG, will be the 1st MENA area nearby forex primarily based fee gateway enabling on-line retailers to take fee from hundreds of thousands of rich individuals who reside within this area within their personal nearby forex and by their nearby debit cards with out the trouble of worldwide fee card guidelines this kind of as "charge back" or "unfair forex exchange rates".

LPG will facilitate these transactions by connecting Worldwide or Nearby Retailers to huge potential consumers who hold hundreds of thousands of nearby debit or credit cards and take the roll of a Dynamic Forex Exchange Platform .

For the very first time, hundreds of thousands of rich individuals can become the new customer for on-line retailers by using their very own nearby cards.

Features On-line Settlements On-line Authorization On-line Reversals Merchant Integration Security Merchant Account Support Multiple e-Payment Channels Reports and Management 24 x 7 x 365 Support Authenticated Payments Currencies and Networks
On-line Settlements Multiple and customizable Electronic Funds Transfer (EFT) format support. Flexible end-of-day timing for retailers to define their settlement cycle and time. Flexible end-of-day timing for the Acquiring Banks to ensure all settlements are performed at a time of convenience for the bank and its retailers. Full, partial and balance settlements to cater for different types of settlements. On-line Authorization
Easy processing of each transaction in a real time.
On-line Reversals
Full and partial reversal of authorized amount for cases where the customer asks for the cancellation of an order or where the merchant is unable to deliver ( subject to each network availability).Merchant Integration

Integrate the merchant's system with all the leading operating systems and web server platforms by providing a plug-in. Easy integration with stand-alone applications, whether developed in-house or purchased. Open published APIs for tighter integration with merchant's processes and systems. Open standard primarily based XML structure for all transactional information which simplifies integration. Support for all leading shopping cards.Security Merchant authentication through the use of digital certificates, ensuring the highest level of encryption currently available (currently a 128 bit SSL with 196 bit keys). A simple range of buyer authentication mechanisms including:

1. Card Number
2. Card Verification Value 2 (CVV2) and/or Card Personal Identification Number (PIN)
3. Card Expiry dateMerchant Account Support
Broad range of merchant features linking:
Multiple bank accounts Multiple fee accounts Multiple forex acceptanceMultiple e-Payment Channels Internet primarily based on-line Payments Gateway
Interactive Voice Response Systems (IVR Support) Internet/dedicated kiosks Physical and Virtual POS SMS fee gateway and Java primarily based application for mobiles.
Reports and Management
Web primarily based reporting interface for anytime, anywhere access to key information related to transactions.
This interface is secured and authenticated by digital certificates. SMIME (encrypted email) primarily based reporting of transactional information. Downloadable Coma Separated Values (CSV) and Excel (XLS) formats to adapt to any custom reporting requirements. Reconciliation services available to reconcile data between the merchant, LPG and online payment gateway the banks. Transaction management support. Detailed transaction history reports provided on request.24 x 7 x 365 Support Manned support center, with toll free number, is around the clock, 365 days a year.Authenticated Payments LPG complies with authenticated fee initiatives of each country central bank members.

Reference:
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