Omnichannel Payment Acquiring Innovation, Experience and Scale As online commerce grows, the ability to satisfy growing merchant demand for reliable and innovative services has become a point of differentiation for acquirers. Redtech offers a full-stack, white-labelled payment platform that includes payment processing, risk management, in-depth data insights and a range of added value capabilities to address diverse merchant segments. Redtech has a proven track record of successfully addressing online transactions, processing needs of Tier One acquiring institutions. Our Payment Systems is the online payments platform of choice for leading acquiring banks and payment processors. Live Dashboards The benefits of Payment Systems include “Analytics as-a-Service” for informed decision. Leveraging Big Data capabilities acquirers can perform: Analyses key transaction trends including preferred payment instruments, shopping categories, time of shopping, for improved sales targeting. Drilldown view into transaction success as well as decline rates. Profile and segment merchants based on transaction recency, frequency and monetary value to improve overall portfolio profitability. Risk scores merchants and transactions safeguarding customers against fraud. Benchmarked for 4,000 TPS on Oracle Sparc servers with 17M transactions processed in 70 minutes, Redtech Payment Systems can scale to accommodate high –volume workloads , especially peak hour spikes during seasonal events. Across deployments, a fully-redundant, fault-tolerant solution, Redtech Payment Systems has consistently averaged 99.9% availability, and a 92% transaction success rate, guaranteeing assured quality of service. Redtech Payment Systems solution offers access to multiple local, regional, and international payment modes, enabling merchants to capture greater sales. Acquirers can drive transactions by supporting multi-channel, multi-currency, multi-payment instruments, one-off payments, scheduled regular fixed, recurring, or variable payments. Including all the major wallets (Apple Pay, Google Pay, Amazon Pay, Samsung Pay), QR Codes, Invoice-based Payments, In-app payments, UPI, Net banking, NEFT, Instant Payments and Debit and PIN, with flexibility to add new payment instruments across digital checkout points. Redtech Payment Systems enables merchants to offer customers multiple payment options: Currency conversion enables international customers to pay in their local currency allowing merchants to target international shoppers and expand globally. Allows a merchant or acquirer to offer EMI on checkout at low interest rates with a processing fee to encourage customers to spend more. Simplifies multi-party settlement for enterprise merchants by managing partner fees, splits, and pay-outs automatically, alleviating accounting and settlement related overheads. Enables merchants to customize the language of checkout forms, facilitating higher conversions. Supports easy recurring billing options improving billing efficiency and eliminating the hassle of manually re-entering billing or payment details. Boost conversions and shopper satisfaction by adding a Pay Now button to invoices, price quotes, emails and more. Merchants can send a link via SMS, e-mail, WhatsApp and social media platforms allowing shoppers to pay directly from a tweet or a WhatsApp text encouraging higher transactions. Link Payments will direct customers to a secure payment page where they can pay using any supported instrument. Drives sales volumes and conversions with instant credit at checkout based on preconfigured rules and customer transacting history Provides international customers the choice to pay in their own currency and enables acquirers and merchants to reap higher transaction margins. Allows card details to be saved securely on file encouraging repeat customer behavior. Customers can pay for goods and services post purchase using an instrument of their choice. Multiple Integration Modes Merchants can setup a merchant account and integrate with Redtech Payment Systems to start accepting payments quickly and easily. Quickly add payment functionality to webstore and online to save integration time and money. Easy-to-integrate, white-labelled hosted checkout option, enables acquirers to on-board long tail of merchants. The checkout experience is customizable to mirror the merchant’s brand and minimizes PCI compliance burden. Developer friendly plugins and libraries for all major languages. RESTful API’s, mobile SDK for Android and iOS helps merchants to easily build intuitive, secure checkout interfaces for desktop and mobile payment flows. Merchants selling on third-party e-commerce platforms such as WooCommerce, Shopify and Magento can install plug-ins to start accepting payments in minutes. Open APIs Creates New Revenue Streams Payment Systems exposes APIs to merchants to rapidly scale the number of acquiring points. Transaction APIs allow partners to enable payments on a mobile app or a company’s Twitter or Instagram feed, creating possibilities for contextual payments, beyond simple web checkout. Provides Intuitive Interfaces for Managing Merchants Redtech Payment Systems’s user-friendly portal helps acquirers configure merchant accounts, services and identify business trends. The portal allows users to: Advanced Fraud Detection Shields Revenues Redtech Payment Systems extends an array of sophisticated controls to shield revenues and lower risk liability. Redtech Shield, modeled on EMVCo2.0 guidelines, is an ML-driven merchant plug-in to distinguish legitimate customers from fraudsters certified by EMVCo, and major card schemes including Visa, MasterCard and Amex. Acquirers can configure risk rules by defining terminal-specific and card-specific transaction limit parameters such as volume, velocity limits and refund amounts permissible. For suspect transactions, acquirers can block payments based on card and BIN ranges, IP addresses. When a shopper makes a purchase, Redtech Payment Systems runs checks to compare entries on negative lists with cardholder’s payment data and blocks suspicious transactions. We offer Risk-Based Analytics as an added value service. Leveraging advanced machine learning algorithms acquirers can screen payment in real-time to detect unusual patterns and risk score transaction. Protects Purchases Payment Acceptance with Redtech Payment Systems is always secure. Payments through the gateway are protected using: Ensures safety of online payments via two-factor authentication with an OTP sent to the card-holder’s mobile. Secures sensitive data during transmission across the payment chain. The service substitutes card data with tokens that are used for transactions eliminating the need to transmit sensitive card information. Provide high levels of data security to acquirers. Offers a 3D Secure plug-in for authenticating cardholders, reducing exposure to disputed transactions and chargebacks. Supports Multiple Business Models Redtech supports on-premise, as well as SaaS-based commercial models, exposing open APIs for third-party integration. Redtech hosts the Payment Systems on RedtechNeT, its private data centre, enabling acquirers’ lower upfront costs and adopt an agile operating model for addressing emerging market demand. Redtech Payment Systems
Overview
Features
Customer Modelling
Transaction Modelling
Merchant Modelling
Risk Modelling
High Service Assurance Even During Peak Traffic Events
Supports A Range of Alternate Payment Mechanisms
Offers Customers Multiple Payment Options
Multi-currency payments
EMI/ Installment Payments
Split payments
Multi-lingual Support
Recurring Payments
Pay Now Button
Link based payments
Instant Credit at Checkout
Dynamic Currency Conversion
One-click payments
Invoiced Based Payments
Hosted payment pages
Built for Developers
Shopping cart plugins for eCommerce stores
Rule-based risk management
Blacklist transactions
Real-Time fraud prevention
Two-factor authentication
End-to-End encryption
Tokenization
PCI DSS compliance
Supports 3D secure
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