Global payment processing competitive and regulatory pressures make it challenging to develop a payment gateway and it seems like an economically prohibitive job. Private labeling of gateway gives acquiring banks instant access to the technology necessary to economically method payments in today’s highly competitive environment.
Private labeling is the quickest approach for a financial institution to take benefit of a payment processing for profitable ecommerce transactions. Acquiring banks discover it makes complete company sense to private label a payment gateway and get immediate returns from it. A private label gateway is the best thought for banks that want to earn wonderful profits from the ecommerce transaction processing demands at inexpensive prices.
What is a Payment Processing Gateway?
A payment gateway offers the link between an acquiring processor and merchants. The gateway gives merchants access for the authorization, settlement and management of credit, debit and other electronic transactions anytime, anywhere, via internet sites, at retail, and on wireless devices. The highly advanced payment gateways give safe transactions through risk management and also offer fraud protection services to the bank. A payment gateway partner can also give a selection of effective online payment solutions to improve revenue, and improve profitability for the bank.
Payment Gateway Value Proposition to Banks
Private labeling a payment processing gateways benefit banks in following methods.
- Immediate time-to-market. By utilizing a private label payment gateway, banks can start processing ecommerce transactions instantly.
- Making a gateway internally is quite costly and it could cost a bank up to $five million. The investment necessary for a private label Level 1 PCI DSS certified payment processing gateway is less than 1% of the estimated internal development costs.
- New revenue sources for the bank. Along with acquiring, banks also charge merchants transaction fees that assist in constructing long term residual income streams with no risk.
- It brings access to new markets with no acquisition expense required by bank.
- In addition to acquiring merchant accounts, the gateway bring option payment processing possibilities to obtain and retain ecommerce enterprise accounts all over the world.
Helpful Capabilities of Private Label Payment Gateway
Sophisticated Fraud Management
- 150 variables to compare buyer information and identify patterns
- On the internet registration and authentication service
- Numerous security access levels with unique pre-defined roles
- Three-D protection to authenticate cardholder identity
Load balancing enables merchants to run numerous merchant accounts through 1 gateway to simplify account reconciliation and reporting.
Multi-currency is standard feature of private labeling a processing gateway.
Payment Chargeback Management
- On the web dispute presentment & management
- Electronic chargeback presentment
- Chargeback analysis and chargeback triage
Merchant Assistance
- Normal interchange analysis service
- Fraud mitigation consulting service
