Payment Gateway And Its Positive Role in Transactions

For the payment gateway to run successfully, one has to think about the certified payment platform that is the best as per the standards of the industry in the areas like data security, transaction processing and fraud prevention. Development of the effective payment gateway has to be as per the specified objective that brings the resources and the latest technology together. In this entire process, there has to be a proper system enhancement as per the standards of the industry and there has to be no additional cost to the bank. Payment gateway for tech support should have the specified features and some of them can be 3D secure, iFrame, express payment, Facebook, Pay Now,  QR code, Scheduler, EMI etc. If the MIS tool is powerful, it can help the merchant and bank extract reports in convenient formats and there are some important functionalities associated with them. The report has to be given in the specific time periods like daily, monthly or quarterly. The reports have to be segregated as per the region, branch, city, center or country. There also has to be customer friendly facility as far as capture and refund is concerned. Standing instructions and batch processing also play an important role. In case of the credit and debit card, there has to be a separate report for capture only transactions, auth only transactions and auth/capture transactions.   

Helpdesk management has an important role in the payment gateway for technical support. There has to be the in-depth information gathering as far as automated process to handle the information exchange with regards to any queries related to the chargeback. For the merchants who are new to the business, there is the need of ready shopping cart. In the payment gateway for tech support business, batch processing and standing instructions have an important role. For the merchants new to the business, there is a ready shopping cart. For the merchants, there is also an auto invoicing facility.

Mobile payment services are also playing a role when it comes to the payment gateway for tech support business. New mobile payment solutions address growing needs of mobile based payments and this facilitates the evolving technology. There is ready to use prepaid card solution for banks, resellers and merchants and this is for capturing the prepaid card market. For this, prepaid card program has played a big role. This provides a competitive edge in the long run and provides prepaid card transaction secure with complete audit trial.