#paymentinterfaces

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Neel Pro System Offers Innovative Payment Solutions for Businesses.

Simplifying the terms, it would be services that enable the payment. Payment can be defined as trade of any benefit exchange for goods or services. A payment traces back its roots from the times of barter system where goods were exchanged in the lieu of money. Since then system of payment and its medium has been evolved with the growing civilization and then advanced technology. From barter, cash to now online real time exchange of money for goods and services, payment services have come a long way. Neel pro Systems provides a number of these advanced payment solutions to the payment and retail industries.

The common means of any payment are money, debit or credit cards or bank transfers. This transfer of money requires proper channel. These channels are referred to as the payment services where electronic transaction of money is enabled in a secure way. Software is used as a service to connect the different institutions for transfer of the funds. There are different kinds of payments services as follows:

· Mobile payments

· Contactless payments/NFS

· Smart cards

· Payment Interfaces

· Certification Testing

· PCI Compliance

· Firmware development

· ITES

· Merchant Services

 MOBILE PAYMENTS:

It can be commonly referred as mobile wallets or mobile money. In developing countries, it has been used as a way to reach the unbanked. These services require just the use of mobile phone which comes handy with everyone these days.

CONTACTLESS PAYMENTS:

It uses the Radio Frequency Identification (RFID) for the payment through debit or credit card. In this kind of payment service, no any pin or signature verification is required. The basic requirement of this type of payment is physical proximity.

SMART CARDS:

How is smart card different from any credit card? So, a credit/debit card is made up of simple plastic, on the other hand, a smart has a microprocessor embedded in it. The microprocessor on the smart card provides better security as the data in it cannot be easily read like the magnetic strip on the credit/debit card. Due to its high security, it is rapidly replacing the older issued credit cards used for payments by banks.

PAYMENT INTERFACES:

It is a platform through which all the banking transactions take place for example in ATMs, kiosks, and mobile and other payment gateways. Payment interface enables the user to interact with the other party in terms of transactions.

CERTIFICATION TESTING:

It is the testing of the whole process of terminal tech transaction from acquirer to the receiver. It provides the testing solutions that allow control and management of secure payments.

PCI COMPLIANCE:

Payment Card Industry Compliance is provided through the PCI compliance software by securing the credit card data or documents in the process of any transaction. Violating this PCI compliance can result in heavy fine for the companies.

FIRMWARE DEVELOPMENT:

Firmware is the computer program providing low level control to the specific hardware. The firmware development services provide the firmware for any such hardware that enables the payment through a specific device.

ITES:

Information Technology Enabled Services covers all the services required for proper functioning of an organization. It uses information technology for enhancing the efficiency. Examples of ITES are E-business solutions, QA/testing etc. 

MERCHANT SERVICES:

It enables a business to accept transaction through an encrypted channel preventing any kind of data loss. It uses RFID or magnetic taped devices. In simple layman language, we can call it electronic payment handling for merchants.

[neelprosystem-blog]

BEST PAYMENT SERVICES IN GURGAON

#Neelprosystem provides best #PAYMENT SERVICES  Payment gateways fulfill a vital role in the e-commerce transaction process, authorizing the payment between merchant and customer. Popular payment gateways include PayPal/Braintree, Stripe, and Square. Services we provided #POS(POINT OF SALE) #MOBILEPAYMENT #CONTACTLESSPAYMENT #SMARTCARD #PAYMENTINTERFACES #FIRMWAREDEVELOPMENT #PCICOMPLIANCE #CERTIFICATIONTESTING        

[neelprosystem-blog]

BEST PAYMENT SERVICES IN GURGAON

#Neelprosystem provides best #PAYMENT SERVICES  Payment gateways fulfill a vital role in the e-commerce transaction process, authorizing the payment between merchant and customer. Popular payment gateways include PayPal/Braintree, Stripe, and Square. Services we provided #POS(POINT OF SALE) #MOBILEPAYMENT #CONTACTLESSPAYMENT #SMARTCARD #PAYMENTINTERFACES #FIRMWAREDEVELOPMENT #PCICOMPLIANCE #CERTIFICATIONTESTING,       

 Contact us – sales@neelprosystem.com 

business@neelprosystem.com

Tel:- 0124-47942013

Mob: - +91 9599960442

http://neelprosystem.com/ 

[neelprosystem-blog]

BEST PAYMENT SERVICES IN GURGAON

#Neelprosystem provides best #PAYMENT SERVICES  through their best expertise payment gateway. Services we provided #POS(POINTOFSALE) #MOBILEPAYMENT #CONTACTLESSPAYMENT #SMARTCARD #PAYMENTINTERFACES #FIRMWAREDEVELOPMENT #PCICOMPLIANCE #CERTIFICATIONTESTING        

[neelprosystem-blog]

BEST PAYMENT SERVICES IN GURGAON

#Neelprosystem provides best #PAYMENT SERVICES through their best expertise payment gateway. Services we provided #POS(POINTOFSALE) #MOBILEPAYMENT #CONTACTLESSPAYMENT #SMARTCARD #PAYMENTINTERFACES #FIRMWAREDEVELOPMENT #PCICOMPLIANCE #CERTIFICATIONT6ESTING      

[neelprosystem-blog]

Payment Interfaces – What you need to know

An interface is a shared boundary across which two or more separate components of computer system exchange information. The exchange can be between software, computer hardware, peripheral devices, humans and combinations of these. Payment transaction by the transfer of information between a payment portal (such as a website, mobile phone or interactive voice response service) and the front end processor or acquiring bank is facilitated with the Payment Interface using a Smartphone.

It allows a customer to pay directly from a bank account to different merchants, both online and offline, without the hassle of typing credit card details, IFSC code, or net banking/wallet passwords. For instance, your local shopkeeper can send a request to pull funds for the purchases you have made after sending a request on your unique virtual address. You can confirm the payment by saying OK and the payment will be carried out instantly after being validated at the back end by the bank. And you can receive cash through this system in the same way.

THE UNIFIED PAYMENT INTERFACE

The difference between UPI and payment modes such as NEFT and IMPS is that bank account details are not shared in the transaction, and transactions can be made 24×7 all year round. NEFT transactions do not happen on holidays and during non-banking hours, there are limitations in funds transfer; in IMPS, account details and details like the 11-digit Indian Financial System (IFS) Code, which indicates a bank’s branch code, have to be entered. The other advantage is that it is possible to have multiple unique virtual addresses and use multiple bank accounts, and without necessarily having to go through your own bank for a variety of transactions. For the shopkeeper or other large establishments, it also facilitates the transaction without physically going through the cards for payment through an electronic machine such as a card reader.

The payment Interface fits in well with a move to migrate towards a cashless economy in the medium and long term. By bringing person to person payments for even very small amounts online, it would be possible to reduce the amount of cash in the system and towards more digitalized system prevailing all over the public and business transactions.

NeelPro System provides POS terminal services for bank’s core banking and other transactions systems to connect with all the services delivery & payment channels including ATMs, Internet, Mobile, Kiosk, POS, Cards and other Payment Gateways. In finality, our solution connects to the national & international payment gateways to provide homogeneous integration of the customer banks to the global payment systems.