Building the Complete Payment Solution

If you are planning to build a payment solution for your business, then i need to make sure that it satisfies all the requirements of one. Building a payment solution is different from building an app or a solution for the entertainment or the travel industry. This is because to use a payment solution, a customer needs to trust it more than the established players out there.

This means that your website needs to have the right security credentials for it to be taken seriously by the user. This brings us to the first requirement, namely the PCI-DSS certificate. PCI-DSS is short for payment card industry - data security standard and is the security compliance that is accepted and recognized by almost all payment card users as a benchmark for security. It provides a framework for the prevention, detection and proper reaction to security incidents.

When you make a payment solution, you need to ensure that the user has multiple options to make his or her payment. Does your payment solution offer support for all debit, credit cards? Does it support Cash cards, netbanking and mWallets? Does it support email invoicing and IVR payments?

Your payment solution needs to provide the user with the ability to make fast and secure payments without a website. This is made possible with email payments where you can just send an email to your customers asking them to click and pay. Also make sure that your payment solution has mobile payments integrated with intelligent APIs that determine your handset and browsing in real time.

MPI Integration is another important feature that you need to enable if your online payment solution is to attract customers. The MPI feature enables your payment solution to run on any technology or platform. And once you incorporate validation functionality with the merchant web pages and make password authentication and cardholder verification integral to your payment process, you can well claim to have a complete payment solution.

Payment Solutions- What You Need to Know

You need to accept different forms of payments if you’re running a e-business. If you turn down a customer because you do not accept their form of payment you’re just going to end up completely losing the sale and the individual is likely to take their business elsewhere. There is no reason you should lose this kind of sale and the best way to avoid this is to have different payment gateways. With the different payment gateways it is always going to drastically improve your ability to land a new client and to increase your chances of improving the way you do business, regardless what you sell or what kinds of services you offer.

In Store Payments

Of course, it is very important for you to accept in store payments. When you are able to do this it is going to improve your ability to make as many sales as possible the payment gateways are going to run through your point of sales system, as this is very important for everything to run through the same account. When everything runs through the same account it is going to improve your ability to monitor everything properly and to see whenever you make a sale or receive a payment. Having multiple accounts is going to make it very difficult to do this and you might not know when certain sales are made.

Mobile Payments

The payment gateways also work while on the go. Mobile payments are an excellent way for you to make money while on the go through sales. The mobile equipment connects directly through a Smartphone or a tablet computer and allows you to swipe credit cards anywhere. With this feature you'll be able to travel for work and even take vacations without having to worry about leaving your business at home. When running your own business it is important to have as many different payment gateways available in order to take payments from individuals inside your store, on the road or over the Internet.

Internet Payments

With more and more individuals making sales and purchases over the Internet it is incredibly important for you to have an Internet store and offer products and services online. This way, someone who isn't even in the same city as you can purchase your material while over on the Internet. The Internet feature will greatly help you is going to help you out with this and it also expands your services to even a completely new region.