Electronic payment (E-Payment) facilitates a money-secured
transfer from a consumer's account to the retailer's account.
E-Payments 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 E-Payment 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.
Simplify the payment process
Raymark's E-Payment™ solution keeps our customers competitive,
simplifying 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 a combination of more than one
By integrating all payment functions into Raymark's E-Payment™,
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 E-Payment™ 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