What do you need to know about your reconciliation and settlement systems?

In today's complex and ever-changing world of payments, how do you decide which reconciliation and settlement system is best for you? Do you obtain it as external service or you build a custom solution? How aware are you about the reconciliation and settlement system options?

Here is a brief discussion on such questions about reconciliation and settlement systems. What do you think? Share your views.

Reconciliation and Settlement Systems

Are we ready for EMV in US?

Ready or not, EMV will be in US by next fall.  EMV acceptance is going to become mainstream but it will require a lot of technology changes before we are ready. Do we understand the system level changes that need to happen for accepting EMV cards?

Here is a article that discusses some of the changes that we must do for EMV.  Please share your views on other changes that are underway...

Preparing for EMV Migration

Fear, Uncertainty, Doubt (FUD) in Online Transaction Authentication...

According to a survey by CardinalCommerce, 82% of e-commerce merchants do not have any customer authentication method on their websites. They fear that that introducing the additional security measures may scare away their customers.

Dan Watkins from Greensheet, discussed the survey results with me and wrote this news article.

Do you agree with our discussion?

Merchants need to eliminate the FUD

Evaluating Payment Gateway Performance

From internal stakeholders to clients, everyone involved with payment gateways expect maximum performance, stability and up time.

But how does one quantify this performance? How do we know if the gateway is indeed performing at the most optimal level?

What are the critical performance metrics that one must evaluate to decide on a Payment Gateway performance?

To provide answers, this article ventures into aspects of payment gateway testing from a performance perspective.

Evaluating Payment Gateway Performance

Implementing 3-D Secure

Implementation of 3-D secure has baffled the software development community for years. And that has led to less than desired adoption of the technology by the Gateways, ISOs and merchants.

3-D secure is a complex protocol and understanding it is not easy. The article here attempts to explain the basics of the 3-D secure in simplified manner.

Do you believe that 3-D secure should become mandatory in high risk markets? Is there a place for 3-D secure for mobile implementations?

Please share your views with me...

Implementing 3-D Secure

Opening gateways to AVS

There are many advantages to implementing AVS in the gateways.  But it is not an easy task to do it.

There are number of nuances that have to be understood and implemented to get the best results from AVS validation. Many Gateway implementations have simply disabled the AVS check due to high rate of failures or false alarms.

The article below describes the AVS and implementation best practices that will help Gateways to implement AVS without errors.

Do you agree to the best practices described here?

Please share you comments....

Opening gateways to AVS

Is the aggregator model right for you?

Aggregator model is very popular these days. And almost every Gateway operator would like to support the Aggregator model. But is it the right model for everyone? What do you need to know about supporting an Aggregator model? How do you make that transition?

The article below discusses these aspects of the Aggregator model.  Looking forward to your comments...

Is the aggregator model right for you?