Payment Processing Gateway Benefits

PayNet Secure delivers a suite of payment processing solutions designed to meet the rigorous standards of high volume and high risk merchants. The payment processing gateway is integrated with all US electronic payment processors and with many international ecommerce platforms. Therefore, the payment processing gateway is an excellent choice to use with both domestic and international merchant accounts.

PCI-DSS Security Protects Business Operations

The Payment Card Industry Data Security Standard (PCI DSS) is a continually evolving set of requirements designed to protect the security of consumer information and credit card transaction data. All merchants processing credit card transactions must be PCI compliant. Non-compliance can result in fines and termination of merchant accounts.

A PCI certified payment gateway is the easiest way for a business to protect itself against payment processing liabilities that may occur if security is breached. The payment gateway allows the merchant to shift much of the liability for PCI compliance to the electronic payments transaction system. This mitigates risk and reduces the expense of PCI compliance for the merchant.

The payment processing gateway is Level 1 PCI-DSS certified and exceeds all standards for cardholder security. Transaction processing software combines PCI compliance security rules with unique features to guarantee protection for businesses and consumers.

Fully redundant data centers house the ecommerce software. All data centers use modern security protection such as biometrics; pods/portals and man traps; digital and physical surveillance; false entrances, bulletproof glass/walls, vehicle blockades, fire detection and suppression, vibration/earthquake resistant; software firewalls, multi-layer, multi-factor data and network security. Security features are constantly monitored and updated with the newest technology.

Complying with PCI standards by protecting cardholder information is good for business. Studies show that people buy more and more often when they know their information is secure. Some merchants promote their PCI certified payment gateway as a competitive advantage and a value-added service for their customers.

Secure Data Vault Safeguards Payment Processing

The Vault was designed specifically for businesses to address concerns about handling customer payment information by shifting PCI liability to the payment gateway. Safe storage in the payment gateway’s Vault gives merchant unparalleled application flexibility while mitigating payment processing risk.

Payment information is encrypted and securely transmitted to the Vault where it is safely stored in the Level 1 PCI certified data facility. A unique ID is returned to the merchant. The ID lets the merchant run one-time and recurring transactions without having to access cardholder information directly.

Merchants utilizing the Vault process transactions and maintain up-to-date customer databases without storing any customer payment details in internal software applications. All sensitive customer data is securely transmitted through encrypted channels. Authorizations, captures, refunds, recurring payments, and settlements are managed remotely without storing any cardholder data locally.

How the Vault Works

• The cardholder securely submits payment details to the merchant's website.
• The merchant's website securely connects to the Vault and creates customer record of "1234", which contains all customer data including payment details.
• The payment gateway responds to the merchant as to whether the customer record was created successfully or not.
• The merchant's website connects to the Vault and remotely loads customer record "1234" to initiate the charge.
• The payment gateway processes the transaction and responds to the merchant with the transaction response from the processor(s).

Powerful Anti-Fraud Weapons Defeat Cybercriminals

Ecommerce merchants are constantly targeted by cybercriminals. Address Verification Systems (AVS) and Card Code Verifications (CVV2) have limited capability to stop fraudulent activities. High volume and high risk merchants require more advanced protection to thwart invasions from sophisticated cybercriminals and keep business operations safe.

The payment gateway features an advanced fraud protection system as a highly effective weapon against fraudulent transactions. Fraud protection is an intelligent software system through which merchants configure extensive filters and cascading rules to help detect fraud and screen suspicious transactions.

The system is easily refined and customizable to optimize the acceptance of good orders while fraudulent orders are declined or put in queue for manual review. All system safeguards are continuously automatically updated, keeping merchants safe from evil-doers who are on the prowl for payment processing vulnerabilities.

Enhanced reporting provides a rapid and easy way to review transactions, block suspicious activity, and zero in on malicious users. The system looks at transactions both before and after processing and can decline transactions before and after authorization.

The fraud protection system is accessed via a secure control panel. The control panel lets merchants maintain good and bad customer lists, edit filters and rules, restrict access and distinguish between attempted and approved transactions to prevent ‘spinning’ of credit cards.

Commonly used fraud protection settings include (but are not limited to):

• Amount. Restricts high-risk transactions initiated by cybercriminals testing whether or not a stolen credit card has funds available.
• Velocity. Limits the total number of transactions received per hour or the number of times that a card has been used.
• Shipping-Billing. Identifies high-risk transactions with different shipping and billing addresses.
• Transaction IP. Block or allow transactions from IP addresses and limit the number of transactions allowed from the IP address.
• Geolocation. Allow or block transactions from countries, regions, states, cities, zip codes.
• BIN. Allow or block bank identification numbers.
• Usage. Block transactions from cards that have used to make excessive number of transactions in a short period of time.
• Account. Allow or block specific account numbers.
• Email. Allow or block specific emails addresses or all addresses from particular domains or ISPs. Block orders from bounced confirmation emails.
• Behavior Analysis Transactions. Transaction behavior analysis identifies suspicious transactions for merchant review.
• And much more

Dynamic Load Balancing for Multiple Payment Processing Accounts

High volume and high risk merchants often establish multiple merchant accounts. Diversification of merchant accounts mitigates risk, increases payment processing limits, reduces chargeback ratios, and ensures electronic payment processing continuity. .But, it is an administrative nightmare to reconcile multiple accounts using separate payment gateways.

Smart merchants manage all merchant account payment processing through a single payment gateway. Load balancing enables merchants to dynamically configure payment processing routing parameters among multiple merchant accounts. Unique payment processing technology allows merchants to easily manage an unlimited number of merchant accounts through the electronic transaction processing system.

Management and control is handled through an administrative dashboard. Centralized transaction processing automates business operations, lowers overhead costs, and simplifies data exchange with accounting systems.

Fast Setup Speeds Time to Market

Feature rich API makes integration and implementation of the payment gateway a breeze. The API is available in multiple programming languages.

Companies with special payment processing requirements save time and reduce costs with free access to the developer’s library. Take advantage of pre-written applications that can be quickly customized to fit exact payment processing needs.

Recurring Billing Automates Cash Flow

Recurring billing allows merchants to automatically process payments from customers on a periodic recurring basis. Both credit card and electronic check payments can be used for recurring billing.

The payment gateway makes it easy for merchants to process recurring payments without, storing or transmitting any credit card or checking account data. An unlimited number of recurring billing plans based on amount, duration and frequency can be created.

Merchants can chose to process and manage recurring payments via API, batch upload or web-based interface. Recurring billing payments can easily be reconciled with internal software applications.

Boost Sales with Multi-Currency Payment Processing

The global market place represents an extraordinary opportunity for ecommerce merchants. Merchants increase sales from international buyers by presenting payment options in the currency where the consumer is located.

Merchants can sell goods or services throughout the world in over 130 local currencies. Processing global electronic transactions through the payment gateway eliminate the need to of set up foreign banking relationships or deal with expensive foreign exchange management.