UniPay-to-UniPay integration UniPay-to-UniPay integration provides a conceptually new approach for merchants and payment facilitators that face the need to integrate with some payment processors. Integration “from scratch” involves multiple phases: each function (such as real-time and batch processing, tokenization, merchant on-boarding, and others) has to be re-certified with each new bank or processor the business integrates with. However, this is not the case when a UniPay-based ... Read more
UniPay Gateway Infographics
Payment Terminal Cloud Solution
The benefits of Payment Terminal Cloud Solution A payment cloud terminal solution just looks more organized than a non-cloud solution, does it? That’s because modern cloud terminal solutions have learned lessons from the past and now bring credit card processing into the future. With the cloud approach, a credit card terminal can open a channel with a server and leave it open indefinitely, improving ... Read more
Payment Gateway Effective Monitoring Mechanism
Online businesses are constantly emerging. And all of them need to rely on some payment gateway in order to accept payments online. Taking into account the international nature of modern businesses it is extremely important for a payment system to be available 24/7, but problems may occur from time to time. So a payment gateway should support effective monitoring mechanism which will allow detecting ... Read more
Payment Service Provider
A payment service provider (PSP) is a company which provides merchants with individual merchant accounts, helps them with merchant underwriting and payment processing but does not fund merchants directly. In order to become a PSP one needs to build or license some payment processing software, integrate with different banks and processors, undergo multiple audits and certifications. If you want to plan your budget correctly you need to ... Read more
Third Party Payment Processors
To accept payments online, businesses must rely on a third party payment processors. There are three types of these: a payment service provider, a payment facilitator and a payment aggregator. So what are the differences between these payment processors? Payment processors A payment service provider (PSP) is a company that provides merchants with individual merchant accounts and helps them with underwriting and payment processing but ... Read more
Point To Point Encryption Diagram
The two most significant advantages of point-to-point encryption (P2PE) If card data, transmitted from the terminal to the POS application (and on, to the payment gateway), is encrypted, the merchant application does not handle card numbers and the merchant’s PCI scope is reduced. Also point-to-point encryption provides an additional credit card fraud protection mechanism. Consider the diagram below to understand better how point-to-point encryption ... Read more
Processing Lifecycle Diagram
Key stages of transaction processing lifecycle Transaction processing lifecycle involves several key stages. UniPay platform is involved in most of them. Payments of different types are submitted to the system using various entry modes (chipped card, magnetic swipe, etc.) and devices (payment terminals, mobile devices, etc.). Recurring billing is handled by the special UniBill module within the system. All other transactions are streamlined to UniCharge ... Read more
Recurring Billing Lifecycle Diagram
In essence, recurring billing is a cyclic process, involving several key stages. These include invoicing, balancing (outstanding debts are balanced against the invoices), billing itself, processing of the claims, handling of declined payments, and assessment of fees (such as late fees or decline fees). Each stage has its own peculiarities, and, depending on a specific payment, the number of stages in the recurring billing ... Read more
Merchant Fraud Signals Diagram
Merchant fraud can often be detected by some kind of untypical behavior of the merchant. Deviations from historical averages of processed transaction volumes, abrupt change in processing patterns, untypical processing hours and entry modes, large numbers of even-amount transactions, long-term inactivity of the account – these are the criteria, signifying potential fraud. If you have multiple merchants in your portfolio, and are financially liable ... Read more
UniPay Payment System Integration Steps Diagram
Payment processor integration is quite a complex multi-stage procedure. However, the result is worth the efforts. All the works related to integration with a payment processor have to be done in constant close cooperation with the processor’s representatives. The processor has to open the project, assign a responsible specialist, provide you with test credentials, test cards, test scenarios, approve the results of all ... Read more