When a member or acquiring bank of the credit card networks provides services that enable merchants to process credit or debit card transactions for business, they are known as Merchant Acquiring Services. Accepting payments in a store or online, these services can be provided by banks, payment processors or third parties. ITSL provides one of the most flexible payment acceptance options by offering the merchants around the globe a way to accept secure electronic payments. Through alliances and partnerships, we promise competitive rates, transaction security, flexible billing and timely, accurate reporting options.
The trend of making & accepting payments is evolving and merchants can stay competitive by accepting quick and secure payments from customers, either online or upfront. We offer merchants an array of online services for accepting electronic payments by credit card, bank-based payments such as direct debit, bank transfer, and real-time bank transfer based on online banking.
Reducing costs & providing solutions that meet business requirements is made easier by Issuance processing services. Customized cards featuring a chip and magnetic-strip technology, virtual cards, payment wallets that mobilize transaction processing and value-added services is a part of what we offer. We deal with Cryptographic key management processing functions, full issuance service, PIN generation including management and distribution, Data preparation and functions for Mag-Stripe cards, EMV cards, contactless cards and prepaid cards.
With the switch, a complex transaction processing through a fully integrated, end-to-end solution covering a wide range of services can be obtained to complete the transaction cycle. The switch being PCI-DSS compliant covers device driving to authorization support. Third party processors, merchants, financial organizations and independent sales institutions can make use of the expertise of the switch to handle complex needs.