Global payment processing competitive and regulatory pressures make it difficult to develop a payment gateway and it appears like an economically prohibitive job. Private labeling of gateway gives acquiring banks instant access to the technology necessary to economically procedure payments in today’s extremely competitive environment.
Private labeling is the quickest technique for a monetary institution to take advantage of a payment processing for profitable ecommerce transactions. Acquiring banks discover it makes total organization 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 provides 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 sites, at retail, and on wireless devices. The extremely advanced payment gateways supply safe transactions by way of risk management and also provide fraud protection services to the bank. A payment gateway partner can also give a variety of effective online payment solutions to enhance revenue, and increase profitability for the bank.
Payment Gateway Value Proposition to Banks
Private labeling a payment processing gateways benefit banks in following techniques.
- Immediate time-to-marketplace. By utilizing a private label payment gateway, banks can start off processing ecommerce transactions immediately.
- Creating a gateway internally is extremely high-priced and it could price a bank up to $5 million. The investment necessary for a private label Level 1 PCI DSS certified payment processing gateway is much 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 help in building lengthy 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 choices to obtain and retain ecommerce company 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 web registration and authentication service
- Multiple security access levels with unique pre-defined roles
- 3-D protection to authenticate cardholder identity
Load balancing allows merchants to run several 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
- Online dispute presentment & management
- Electronic chargeback presentment
- Chargeback analysis and chargeback triage
Merchant Assistance
- Regular interchange analysis service
- Fraud mitigation consulting service
