Integrated payment acquiring across all channels

As the world demands more electronic payment methods and as more payment options for your merchants’ customers evolve, you need a product that provides secure, reliable and scalable payment acquiring. Merchants want to be able to accept tender by whichever method suits customers best at the time of checkout – using either a card, QR code, token, mobile or online. Merchants also want a single, real-time view of their transactions and the fastest possible settlement, with statements.

Traderoot’s Payment Service Provider – Acquirer solution uses merchant trading and fee accounts in the system to improve reconciliation and ensure that you have full insight into the payment and settlement of all transactions. This is the perfect solution for banks and third-party payment processors, enabling them to compete on merchant management at a cost-effective transaction fee metric.

Operations

The PSP–Acquirer has powerful management tools, making day-to-day operation and enrolment of participants (such as merchants and banks) easy. These operational tools include system health dashboards with alerts and notifications, requiring minimal operational skill and resources.

For technical operations, the PSP–Acquirer provides system tools for configuring flexible and complex configurations using dual-control authorisation.

The PSP–Acquirer platform provides various reports for MIS purposes and for third-party distribution. Reconciliation output, in the form of mark-up or mark-off files or home-backs, can be generated automatically or on request.

Integration

The PSP–Acquirer’s switching modules are easily integrated with independent channel solutions using standard protocols and APIs.

The PSP–Acquirer extends the reach of your payment system or its independent channels to give you greater control over transactions from the moment they are initiated – over whichever channel – to the time of settlement. Total control of the payment process also helps to prevent fraud by increasing visibility.

The PSP–Acquirer can manage the acceptance of terminals, integrated POS systems and e-commerce outlets. Also, if you are planning to rent terminals to the merchants transacting with you, Traderoot can provide this as a simple, easily maintained function.

Traderoot Back Office

The PSP–Acquirer solution includes the Traderoot Back Office, which uses the Accounting Rules Processor (ARP) to calculate the exposure and liability of merchant accounts per merchant, retail outlet, scheme and member. Interest, fees and commission calculations can be aggregated to general ledger forms, providing you with information to make sound business decisions. The ARP can also generate financial documents and export them to standard accounting packages.

Features of the Traderoot Back Office include:

• Merchant management and risk adjudication
• Fee and subscription collection
• Merchant settlement – either nett or gross
• Merchant or agent notifications by email or SMS
• Facilitation for third-party merchant financing
• Production and remittance of invoices and financial statement documents
• Posting of financial statements to general ledger or accounting software for end-of-day or end-of-month reconciliation
• MIS data warehouse for business insights and Know Your Customer information
• Data extraction to external MIS platforms and reports

Furthermore, you can create and manage a merchant account, which enables you to profile your merchants and agents to give them the best service experience.