LATVIA | eComCharge has developed beGateway, an innovative payment gateway, specially designed for online payment processors, financial institutions, acquiring banks and major online merchants as a white label solution. This PCI DSS compliant payment solution helps to organise the processing of online card payments under the customer's own brand name.
Increase profitability of Internet Acquiring Business
“Normally it takes at least a year to develop and certificate a processing system,’ says Alexander Mikhailovsky, eComCharge representative. Not every company can afford such financial and time investments. Moreover, to find qualified developers of processing solutions may also be a challenge. In this case specialized outsourcing companies come to the rescue as they can significantly reduce licensing, maintenance and operational costs and increase profitability of your internet acquiring business.
Focus on your own core business
Using a white-label payment platform simplifies accompanying technical procedures and administrative matters: acquisition of licenses and certification, partnering with payment systems and banks. There is no doubt that in-house processing has a number of advantages as it makes it possible to introduce new products and services faster. But if a card processing is not your core business, it might be more effective to focus on your own core business and specialised services.
beGateway's White Label Payment Platform
When developing beGateway, eComCharge followed the key factors determining comfortability and reliability of a white-label payment gateway. First, it is scalability. beGateway is suitable for companies with a small number of transactions and connected payment gateways, and for major customers with global requirements. Secondly, its modularity provides the maximum flexibility of configuration. Changes in the client's payment gateway's configuration will not affect the performance and functionality of the whole platform. The third factor includes the benefits of cloud solutions:
- provision of the buyer with a complete infrastructure (servers, databases, storage, etc.);
- absence of necessity to get a PCI compliance certificate to use the platform (it has already been level 1 certified and tested annually to prove compliance with this standard);
- automatic update of the platform, ensuring continuous improvement and support of the system, introduction of new functionality, compliance with trends and requirements of the and Internet acquiring industry.
beGateway as Platform-as-a-Service (PAAS)
According to Alexander Mikhailovsky, this model of cloud computing services solves a number of challenges faced by the financial institution. ‘To develop your own processing system from scratch is too long and expensive. To buy a developed system is just very expensive. To rent a processing system in the cloud turns out to be the most effective option which allows you to save time and money on launching your own PSP."
eComCharge is an EU-based, PCI DSS Level 1 certified payment service provider and payment solutions developer. The company cooperates with a range of European banks and online payment systems to provide the EU and CIS merchants with merchant accounts as well as to facilitate safe online payment transactions. Learn more about eComCharge's beGateway solution on the their website.
Sourced from eComCharge, June 19th, 2014