In view of the approaching transition to mandatory support of EMV standard by US merchants, it is important for payment gateway software developers to understand the key features they need to add to their products to be able to make perform EMV integrations as smoothly as possible. Particularly, the EMV integration-related ...Read more
UniPay Gateway Payment Advice
Having worked in the industry for more than a decade, we know firsthand, how challenging it is to choose an optimal payment processing gateway solution for a business. Indeed, selection and implementation of credit card processing gateway solutions depends on multiple interconnected factors that should be taken into consideration.
In addition to this, various types of businesses—startups, merchants, payment facilitator companies, investment firms, venture capital companies, franchisors, SaaS platforms, and online marketplaces—are all keenly interested in specific payment gateway processing services. All the listed business types have their own specific needs and questions to the industry.
All the listed business types have their own specific needs and questions to the industry.
Let us look at the needs and questions, that different companies have to address.
Payment gateway processing needs and questions
Many of our existing and prospective customers seek relevant gateway processing advice. Categories of our customers and readers include but are not limited to:
- Various startup businesses;
- Merchants searching for gateway credit card processing solutions and partnerships;
- PayFac companies;
- Different types of independent sales organizations;
- SaaS platforms choosing between different flavors of credit card payment processing gateway options;
- Venture capital companies and investment firms;
- Online marketplaces;
- Franchise owners;
- Payment software providers and ISV that want to keep track of the advanced credit card processing payment gateway
Industry newcomers often focus on basic questions such as “what is a gateway for credit card processing?”. They need to know the roles of acquirers, processors, and gateways, as well as the differences between these entities.
Merchants and payment facilitator companies are looking for payment gateway credit card processing partnerships. Usually, they need to choose between off-the-shelf and white label payment gateway solutions.
Conventional and wholesale ISOs, SaaS companies, franchisors, online marketplaces, and venture capital firms, are considering the prospect of implementing the payment facilitator model.
Larger companies and international corporations are looking for global gateway credit card processing solutions. These businesses want to know more about cross-border transaction fees, multicurrency operations, and payment processing worldwide.
Payment software developers want to know about the latest fintech trends, advanced technologies, and common payment gateway processing error types they should prevent and avoid.
In order to accommodate the needs and answer the questions of the widest spectrum of readers and customers, we are creating high-quality content. It includes both textual and visual information. Presently, payment gateway processing advice is the largest category of information materials, offered at our resource hub. The section features more than 130 topical articles, covering various aspects of electronic payment processing.
Let us take a closer look at the articles published in the payment gateway advice section of our resource hub.
A sneak-peek at our payment gateway processing advice
Articles in the payment advice section are not grouped into specific categories according to topics or target readers. These articles appeared during the last decade to cover the most relevant issues of fintech, payment processing, and payment services provision.
Some articles explain the basic concepts related to payment processing ecosystems. They include acquirer, processor, gateway, merchant of record (MOR), ISO, conventional and white-label payment facilitator. These articles will be of interest to those who are familiarizing themselves with fintech field.
Articles on multicurrency payment processing, cross-border transaction fees, and handling payments worldwide will be helpful for international companies.
Advice on implementation of white label payment gateway solutions will be beneficial for companies that are looking to have a payment gateway of their own. It turns out that white label payment gateway offerings, such as UniPay Gateway, provide more control than third-party gateways, but require less investments than off-the-shelf solutions developed from scratch by the company’s development team.
Most articles are dedicated to some specific technical aspects of electronic payment handling. For example, these aspects include usage of EMV toolkits, processing of in-app and mobile payments, split funding model, and others.
A special group of our articles with payment gateway advice covers strategic solutions for large projects. These include legacy system replacement, reduction of processing costs, getting out of PCI scope, and others.
If you are looking for an answer to some specific question, relevant for your particular business model, there is a high chance that you will find it in one of the articles from our payment gateway advice category.
The articles from our payment gateway processing advice section will definitely help you navigate the payment services industry. Enjoy reading and watching our content!
Is the choice of EMV standard a conscious choice? This is the question many merchants might ask in view of the approaching deadline for mandatory support of EMV cards (October 2015). Why should a business switch to EMV cards and terminals, if EMV technology does not guarantee ultimate protection against credit ...Read more
Data archiving can be a challenge with any database system. Particularly, transaction data archiving presents significant problems for many database systems in payment industry. Accumulate Transactional Data Companies with high transactional throughput have to store enormous data volumes, because they accumulate transactional data very fast. Transactional data has to be stored and easily ...Read more
There are two basic approaches, which a business can utilize, if it needs to integrate a terminal application into its payments ecosystem. Either it can use a standalone terminal solution, or an integrated terminal solution. In a standalone terminal solution the POS application does not interact with the terminal application in any ...Read more
Many retail industry players are currently considering the idea of supporting payment terminals and searching for optimal payment terminal solutions. The idea of payment terminal solution implementation becomes even more relevant, because of EMV standards are to be imposed upon US businesses pretty soon. In order to support EMV, a payment ...Read more
The concepts of high availability and fault tolerance are rapidly gaining importance among companies that accept credit card payments. The concepts are especially relevant for enterprise merchants who process transactions around the world 24/7. Payment systems of such large-size merchants must always be available. On the other hand, payment gateway software ...Read more
The concept of open source software development is rapidly gaining popularity, especially in such industries as restaurant business, fitness center, POS etc. In recent years more and more companies started considering the option of switching from their existing payment processing platforms to open source payment gateways. Traditionally, payment gateway software was ...Read more
Key Takeaways EMV Certification Importance for Payment Security: EMV certification, representing Europay, Mastercard, and Visa standards, is crucial for payment gateways and proprietary payment ecosystems to ensure secure card-present transactions, especially with the advancement of NFC technology and SoftPOS solutions. Comprehensive Process for EMV Certification: Entities seeking EMV certification must consider hardware (terminals, ...Read more
Recently some new rules have been introduced by card associations into transaction processing industry. As a result, card associations charge additional fees for repeated submission of declined transactions with some specific decline codes. On the most general level, card transaction declines can be classified as hard or soft ones. A soft decline ...Read more
Store-and-forward mechanism implemented for offline transaction processing is and important solution allowing a merchant to process transactions in the cases when this merchant experiences connectivity problems with the processor’s application. Store-and-forward mechanism originates from the times when modems were introduced into credit card processing scheme and connectivity problems happened rather frequently. The mechanism ...Read more
In order to protect themselves from card fraud, which is more frequent in online transactions, than in retail ones, businesses need to implement special fraud protection tools. 3D Secure program is one of the special tools designed to prevent online card fraud. 3D Secure is an XML protocol, which creates another level ...Read more
Integration with PINless debit card networks has several advantages over integrations with regular card networks maintained by Visa and MasterCard. The first advantage is that there is no concept of chargebacks in PINless debit card networks. If the money is charged, the charge cannot be reversed. It means that merchants, whose chargeback ...Read more
Sometimes transaction processing can become problematic or even impossible due to loss of connection between merchant’s system and the processor’s (or bank’s) server (so-called timeouts), or due to some other errors. Timeouts, in their turn are caused either by connectivity problems or by the fact that, although a transaction is submitted and, ...Read more
Any business wanting to process credit cards needs to handle card data. Recent development of payment card industry was followed by growing risks of credit card fraud of different sorts and identity theft. In order to protect cardholder data from being stolen or compromised, the so-called PCI compliance requirements were introduced. ...Read more
Recurring Billing Solution Before implementing a specific recurring billing solution, a business must address each of the separate aspects, related to recurring payment platform implementation. Four key aspects to be taken care of are sometimes referred to as creation, compliance, conveyance and collections. Particular important issues associated with creation component of the recurring ...Read more