Businesses that are in or want to get into the acquiring business need to move to e-commerce acquiring to remain competitive. They need a robust system that offers innovative, scalable and secure payment options. TPS brings you IRIS Payment Gateway, an e-commerce payments solution which enables online merchants to accept electronic payments using diverse set of payment instruments. Businesses that can benefit from such an Ecommerce Payment Gateway include Banks, Telcos, MFIs, Central Banks and Third Party Payment Processors.
IRIS Payment Gateway lets acquirer takes care of the entire e-commerce acquiring business from merchant onboarding to settlement of funds. The merchants can be managed from within the system with different fee and settlement profiles and instrument support.
Aligned with industry standards, IRIS Payment Gateway proactively prevents suspicious or malicious activities. The E-commerce Acquiring Solution has gone through rigorous penetration testing and has smart security and fraud protection features. It supports authenticating scheme cards through MasterCard SecureCode and VBV. Developed in line with PCI DSS compliance guidelines, the solution employs data encryption, custom visibility insights to banks or merchants and ensures maximum security. It also supports tokenization for schemed cards acquisition.
Protect Buyers and Sellers with Escrow Payments
Escrow account helps limit seller’s risk of goods being stolen without payment. It also lowers buyer’s risk of funds being paid and goods not being delivered. Here is how it works:
- Buyer initiates a purchase and funds escrow account.
- Once buyer’s payment is in escrow, seller delivers the goods.
- Buyer approves goods after inspection (or initiates a dispute).
- Escrow releases payment to seller and transaction is complete.
Key benefits
Diverse Payment Instruments
Flexible Integration
Escrow
Efficient Administration
Support for Domestic Schemes
Security Compliance
Escrow Services As A Trust Building Utility In Online Shopping
Find out how escrow service helps safeguard the rights of customers as well as merchants through dispute management controls.
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