Electronic Payments System Software
Evolving payment industry regulations and the increasing need to accommodate new and innovative, yet secure payment methods have resulted in the payment industry undergoing significant change. Technology has proven to be a significant driver of this change, with use of electronic, digital and virtual payment methods constantly growing. Choice is also rapidly expanding with such convenient payment options as online debit, store value, gift/prepaid and smart cards, and state-of-the-art innovations, such as “contactless” payments allowing consumers to transform their cellular phones into electronic wallets.
As electronic transactions become increasingly commonplace, so do fraud and identity theft, prompting ever stricter requirements for retailers to implement and maintain high regulation compliance, adapt to new security standards and submit to stringent annual audits.
Retalix’s Global Payment division – a leading provider of secure and robust end-to-end Electronic Payment system software for high volume, high complexity retailers – is set to assist in meeting these increasingly demanding requirements. The company’s Electronic Payment system comprises innovative offerings leveraging flexible architecture, as well as SaaS (Software as a Service) based payment engines that seamlessly integrate with a large variety of POS (Point Of Sale) software systems, PIN pads and payment processors. The solution empowers retailers to rapidly adopt new payment types, such as mobile and contactless payments, and effectively address emerging payment trends and requirements.
The Electronic Payments System Software offering is comprised of these key products: