PayFlex Platform Payment products provide secure and innovative ways for mobile and credit card based payments. The products integrate with GSM operators and banking systems and handle all money transfer between subscriber accounts and merchant accounts. The system highlights credit card based or new trend mobile payments instead of old fashion payments via cash.
The payment products provided under PayFlex Platform are:
- Micro Payment
- Mobile Payment
- Virtual POS
Micro Payment
PayFlex Micro Payment enables subscribers to make micro-level financial operations through their mobile devices. The product uses GSM operator environment as a payment source, thus it is needed to be agreed with a GSM operator. Both prepaid and postpaid subscribers of the GSM operator may benefit from this system.
PayFlex Micro Payment stores merchant definitions in a central repository, communicates with GSM operator systems and enables a wide range of services via standard protocols over online integrations to various channels, such as mobile handset application, web, WAP, SMS,USSD, IVR or call center. The other features of the system are:
- A daily payment amount limit for subscribers may be defined by the administrators
- No need for a physical card or a POS device
- One channel that can reach billions of subscribers
- For postpaid subscribers, transaction amount is added to GSM bill
- For prepaid subscribers, transaction amount is decreased from air time
- At the end of payment period, total payment amount is transferred from GSM operator to the utility company
Benefits of PayFlex Micro Payment
Flexibility: Limits can be defined on any definition in the system: Subscriber, Merchant, Dealer, Channel, Service Type, Product Type...
Control: All transactions and system actions are under the control of service provider
Low Costing Channel: Do not require POS, Card, etc. investments. Supported payment ways: SMS, web interface, Java or PayFlex Mobile Payment Page Integration
No Bank Integration: There is no need for a bank account or a credit card
Security: During payments, no extra credit card, bank account or subscriber info rather than security PIN is required
Micro Payment Applications
- Prepaid topup and e-voucher sale
- Bill payment
- Standing orders for prepaid recharges or bill payments
- Face to face shopping (shopping at a merchant and paying with Mobile Handset)
- E-commerce
- Catalogue shopping
- Ticketing
- Parkmeter payment
- Value Added Services (buying ring tones, wall papers, etc.)
VPOS
Specially designed to handle card not presented (CNP) transactions, PayFlex VPOS processes incoming transactions, converts and forwards them to banks, and manages the transaction flow between institutions and banks. All communication channels with the banks are secured by industry standard cryptographic algorithms.
PayFlex VPOS provides the high levels of scalability and performance demanded of today’s Internet based payment infrastructures. Integration with acquirers may be over ISO8583, Visa-2 based, XML or any other custom protocols. Multiple acquirers may be supported with intelligent routing features, which make PayFlex ideal for financial processors and service providers.
Features and Benefits
• Automatic payment validations, authorizations, and scheduled settlements
• Support for all major card brands, prepaid recharges, bill payments, and loyalty schemes
• Easy integration with merchant applications
• Compliance with Visa, 3D Secure and MasterCard SecureCode standards for e-commerce transactions
• Fraud-screening facilities capabilities
• Multi-language / and multi-currency system
• Multiple account support, selection can be done at the point of sale
• Multiple bank support, also bank campaigns are available
• Support for Clustered hardware support for load sharing and protection against system failures
• Rich reporting tools
Installment and Credit Support
This is carried by the application defining the installment and credit rate over the management panel. All changes are reflected to the customer’s credit card payment form. During the payment process, credit cards are identified in the system and the installment and credit rate table defined for these cards shows up as an option to the customer.
Bank Campaign Support
Campaign options offered by banks for credit card holders in live stores, such as Bonus Points, Adding Installments or postponing Installments, can also be used for online sales that are made over the internet.
Authentication
PayFlex VPOS supports multiple authentication methods for CNP transactions, including Verified by Visa (MPI) and MasterCard SecureCode, through a single and common module. The software plugs into a merchant’s checkout process and efficiently manages the authentication process. INNOVA’s 19 PayFlex White Paper v2.1
PayFlex VPOS solution supports Visa 3DSecure 1.0.2, which makes the merchant eligible for the charge-back liability shift on “attempted” Verified by Visa transactions.
Fraud Detection
It is a risky situation that risk analyzing tools and detailed financial information are only kept in credit card owner’s bank. Thus PayFlex VPOS provides a fraud analyze mechanism and management tool to satisfy web merchant’s and the company’s needs.
PayFlex VPOS includes a fraud detector that enables the system owner to screen all operations at any time. PayFlex VPOS further enhances payment infrastructure security by providing a rule-based and real-time control mechanism to screen all transactions simultaneously for signs of fraudulent behavior. The rules are parametric and allow businesses to customize their screening processes. When there is a fraud risk on a process, the system creates a warning or rejection alert according to the risk level.
Integration with Merchant
PayFlex VPOS integrates with e-commerce software on different platforms via a rich set of API’s (Application Programming Interface). API’s are provided for Java, Microsoft (Commerce Server, ASP, or .NET), PHP and Perl, to support e-commerce software running on Windows, Linux and UNIX. The API’s are fully documented, with step by step instructions, test methods and code samples: all of which contribute to a quick and straightforward integration.
Extensive Merchant Management
PayFlex VPOS includes a Central Payment Portal, which enables the acquirer bank to manage all merchants and authorize them whether they can acquire the credit information at their sites or redirect the credit card holder to Central Payment Portal. Acquiring the credit card information at the Central Payment Portal not only provides the additional security of the acquirer site, but also isolates the payment process to a single location, so that any future changes to payment protocols can be addressed by modifying only the Central Payment Portal and not the site of each merchant.
An additional benefit of Central Payment Portal is that as the reason a single SSL certificate can serve all the merchants, merchants do not need to have SSL certificates. The contents of Central Payment Portal are dynamic and can be configured to carry the look and feel of each merchant, the acquirer, or both. It is thus possible to give the cardholder the impression that he/she is still at the merchant site.
Furthermore, the contents of the Central Payment Portal may be dynamically generated for each different transaction, which makes it possible to develop a wide variety of one-to-one marketing applications. PayFlex VPOS’s web based management interface allows the system to be monitored, controlled and configured remotely. The management interface is a standalone component which may be deployed on a separate server in order not to affect the performance of the POS