Over decades, vastly expanded uses of card payment such as magnetic swipe cards and smart cards have already dominated the payment methods. While EMV chip card, with greatly enhanced security, will also definitively become the widest-use payment media in market in the short future.
When faced to the continuously rising and demanding usage of card payments, doubtlessly, as an acquirer organization, the following concerns strongly urge for a comprehensive solution:
- Security (fraud prevention)
- Card Transaction Performance (time to authorize a card and to complete a transaction)
- Cost (both implementation cost and on-going cost)
To take care all of the concerns raised, we come to a qualified Authorization Host.
SPECTRA EMV Authorization Host
SPECTRA EMV Authorization Host, our card authorization solution product, with EMV standards merged, provides a secure and high-speed management for card transaction authorization. The online authorization process completes an authorization request just in a matter of seconds. The Host also supports various interfaces like handling OnUS Cards by just plugging-in a related customized software module. The solution implementation is quick and the host management is easy.
Business Value and Benefit of Authorization Host Service
- Reduce Processing Costs. Single-point connection to our Host enables customers to consolidate all of card-based authorization processing on an integrated platform, reducing telecommunication costs, eliminating redundant functionality, and streamlining back-office procedures, resulting in better controlling, monitoring and management of authorization process.
- Provide Stand-In and Hot Card Checking. Stand-In authorization is allowed. With preloaded hot card and floor limit checking, it reduces the workload of acquiring bank (for OnUS cards) authorization processing system. The processed (approved or rejected) transactions can be redirected to acquiring bank at the end of each day for reference. Moreover, the stand-in host is also suitable for those merchants which daily transactions are huge, so that the workload of acquiring backend system in the business peak hours is alleviated.
- Serve Around the Clock. Serve cardholders wherever and whenever they transact business. Strong processing response time enhance cardholder satisfaction.
- Low Cost. We reward our customers with a low implementation cost.
- Proven Service. Our long history of electronic transaction management with high reputation in the industry and our experienced technical support and customer service team ensure our customers to achieve any goals on card authorization solution.
Read more about SPECTRA EMV Authorization Host....
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