Semi-Integrated Payment Solutions by Online Payment Provider in Vietnam ww.paymentasia.com
The payment environment is increasingly complex, and merchants are always on the lookout for flexible solutions which cater to their specific needs. Ideally, payment solutions should help to streamline the processes, enhance payment security, and meet data standards. Integrated payment systems essentially communicate with all the software used in your business. Read on to know more about semi-integrated payment approaches as supported by Online Payment Provider in Vietnam.
Semi-Integrated Payment Solutions: Basics Explained
The POS integrated system includes a POS terminal, an Electronic Cash Register (ECR), a back-office server where the information is stored, and a processor to send and receive the approvals. The POS software generates the due amount, and it is sent to the POS terminal. As the cardholder swipes or dips the card, the card data is sent to the processor for payment authorization. The authorization response result received by POS terminal from the processor is forwarded to the POS software. Here, you may note that the sensitive data is not stored on the merchant’s servers. The communication of sensitive data is handled by the semi-integrated POS terminal, not the POS software.
Payment Security
Each communication step in the payment system involves an opportunity for data theft. As the communication steps are limited in a semi-integrated approach, the number of points where a fraudster can intervene is considerably reduced. Thus, with semiintegrated payment solutions, you can reduce the vulnerability to data breaches as you can keep sensitive data out of their electronic cash register. Your business can use the advantage of cloud-based accounting. It also reduces the risk of potential loss of data due to natural disasters.
Compliances
The hardware and processes purchased from Online Payment Provider in Vietnam for the implementation of the semi-integrated approach are already certified for EVA and PCI-SSA compliance. The reduced scope in the transaction flow also reduces the scope of data standards applicable to your system. Thus, you save valuable time and money.
Increased Efficiency
Online Payment Providers in Vietnam can support you with payment solutions that will give you flexibility as the difficult part of compliance is taken care of by them. With the semi-integration payment architecture, you can bypass the time-consuming process of entry and reconciliation of data. The ledger is updated in real-time, and you will have the transaction history for insights and better reporting. Further, it can speed up cash flow. The risk of human errors can be reduced, and the overall efficiency of your business can be increased.
Flexibility and Control
Semi-integrated payment solutions streamline the process of payment acceptance and integrates automated payments. You can do away with tedious manual processes and embrace the faster and more convenient modern payment architecture. The ease of management of this payment architecture allows merchants to be more agile and concentrate on customers’ demands. You will be in a better position to adopt newer technological advancements as you don’t have to worry about compliance and security of payment systems. These features get translated to tangible benefits which in turn will help your business to be scaled up according to your expectations.
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