ePayment - Easier, Faster and More Secure
Over the past decade, retailers have seen a considerable reduction in the amount
of cash transactions and an almost universal adoption in what is known as “electronic
payments”. Credit and debit cards have allowed consumers to reduce the “volume”
of their wallets and have given them the flexibility to purchase an items quickly
and more efficiently.
Electronic payment (ePayment) facilitates a money-secured transfer from a consumer’s
account to the retailer’s account. ePayments are not exclusively limited to online
transactions. Their scope includes in-store, card-based transactions (credit, debit,
gift card) as well as check processing and credit notes. Retailers are adopting
ePayment more readily as it continues to lower costs for their business. The more
payments they can process electronically, the less they spend on paper and postage.
Offering electronic payment can also help businesses improve customer retention,
both in store and online.
Supports All Payment Structures
Raymark's ePayment solution keeps our customers competitive, simplifying and isolating
the complete payment process to meet retailers' needs seamlessly in conjunction
with our POS solution, regardless of the payment method. The solution is designed
to support all payment structures - cards (both debit and credit), checks, credit
notes, gift certificates, house accounts or combination of more than one method
of payment.
By integrating all payment functions into Raymark's ePayment, we eliminate the challenges
a retailer may encounter both domestically and internationally when a single payment
processor cannot serve their specific needs to the standards outlined by their financial
institutions.
Raymark's ePayment allows retailers to:
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> Offer a wide range of payment options
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> Increase efficiency by streamlining collection procedures
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> Save money by adopting a cost-effective automated system
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> Enhance customer satisfaction by providing multiple payment methods that enable
quick and hassle-free transaction settlement
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> Extend their customer base by opening additional payment channels
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> Boost cash flow and reduce costs
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> Enhance customer service and improve their competitive advantage
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> Allow purchases that would otherwise be delayed
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> Reduce administrative resources required by invoice, check and cash transactions
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> Obtain a PABP-compliant solution to help in achieving PCI compliance
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Seamless Transaction Processing
Raymark's ePayment manages the various parameters necessary for communication with
processors / gateways according to specific protocols and specifications of the
merchant bank and processor. The system is carefully designed to log the transaction
data flow and rectify any problems within the transaction, which helps in identifying
various parameters and errors. Its seamless design was developed to test, certify
and integrate numerous complex processor and business requirements for electronic
transaction processing.
Raymark's ePayment features include:
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> Multiple store and terminal setups
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> PABP certification
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> Central architecture with no footprint on the POS
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> Quick processing times depending on network and processor configurations
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> Support for both Host and Terminal capture systems
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> Handling of multi-processor and gateway configurations
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> Handling of all major credit cards and flexibility to include in house and country-specific
cards
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> Creation of a standard certified receipt formatted according to laws and rules
for printing
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> Handling of SSL, Data Wire and other common protocols for communication including
Dial up
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