The InterWeave Payment Gateway is a powerful yet easy-to-use conﬁgurable integration delivered by means of InterWeave SMART Solutions, a comprehensive SaaS Integration Platform, allowing for collecting payments from consumer bank or credit card accounts as well as data transfer between bpmonline or websites to Merchant Providers.
Three distinct or combined options to set up the billing process of your online customers are available:
- Real-time Accept or Decline,
- Scheduled Payments - allow you to set up a remaining balance payment for a customer to execute automatically.
- Recurring Payments - If a customer is looking for a payment plan, Automated Recurring Billing (ARB) is a convenient and easy-to-use features submitting and managing recurring, or subscription based transactions. Custom Recurring Billing (CRB) is a convenient way for managing recurring, or subscription based transactions with custom schedules for your specific payment plan.
InterWeave Payment Gateway is integrated with bpm'online and connects it with payment processors like:
- Chase Paymenttech
- First Data
- Payment XP
- Cybersource, etc.
Flow of payment information and funds from bpm'online or website to selected payment processors and back include the following steps:
Step 1: A customer submits a credit card or electronic check transaction on a website. The transaction then integrates with the selected payment processor (First Data) via a secure connection.
Step 2: First Data receives the secure transaction information and passes it via a secure connection to your bank’s processor (a financial partner that provides credit card processing on behalf of the credit card associations, for example, Visa or MasterCard).
Step 3: Your bank’s processor submits the transaction to the Credit Card Interchange (a network of financial entities that communicate to manage the processing, clearing, and settlement of credit card transactions).
Step 4: The Credit Card Interchange routes the transaction to your customer’s Credit Card Issuer.
Step 5: The Credit Card Issuer approves or declines the transaction based on the customer’s available funds and passes the transaction results, and if approved, the appropriate funds, back through the Credit Card Interchange.
Step 6: The Credit Card Interchange relays the transaction results to your bank’s processor.
Step 7: Your bank’s processor relays the transaction results to First Data.
Step 8: First Data stores the transaction results and sends them to you and/or your customer. This communication process averages three seconds or less!
Step 9: The Credit Card Interchange passes the appropriate funds for the transaction to your bank, which then deposits funds into your merchant bank account.
- If you’re already selling products from a retail location, you probably have a Card Present (CP) merchant account. However, to sell from your website, you’ll also need a Card Not Present (CNP) merchant account. A CNP account is used by merchants that receive payments via the Internet or in situations when a payment is not physically presented to the merchant by the consumer at the time of the transaction (e.g. telephone orders).
In the payments industry, Independent Sales Organizations (ISOs), Merchant Services Providers (MSPs), and Value-Add Resellers (VARs) are most often the organizations that provide merchant accounts. The First Data Directory located at http://www.firstdatacardprocessing.com/index.html and lists numerous such companies.
You can also contact your current banking partner to find out if they provide CNP merchant accounts.
- The integration is implemented by means of the InterWeave Smart Solutions platform and provides the data structure, workflow and complex processing logic, support and security necessary to ensure fast, reliable and secure transmission of transaction data.
- InterWeave Payment Gateway manages the routing of transactions just like a traditional credit card swipe machine you find in the physical retail world, however, ISPG uses the Internet instead of a phone line.
- Once installed, InterWeave Payment Gateway is available 24/7 for processing transactions.