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What types of processing solutions are available?

April 26, 2017solutions types

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What types of processing solutions are available?

2 Answers

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There are three different credit card processing options: • Integrated Software – Many software companies with industry-specific applications (e.g. restaurants and dry cleaners) have worked with SPI to integrate a special software program that transmits the payment transaction from their application software to the card networks (e.g. Visa, MasterCard, Discover). With integrated software, productivity and efficiency is improved with features such as batch processing, multiple merchant accounts, simultaneous transactions, import/export data, maintaining customer databases (for recurring and installment billing), improved reports and monitoring transactions for fraud. • Online Gateway – SPI has online payment gateways that are used for “live” payment processing for Web Sites. In addition, they may be used for manual processing of payments. • Traditional Credit Card Terminal – A terminal is commonly used when merchants do not utilize PC-based systems. Card present and card not present sal

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Real-Time Internet processing, retail swipe terminal, and computer-based processing. Check out our Solutions Guide for detailed information on each available solution, and to help you determine which is best for your businesses needs.