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| Solve-Payment |
Solve-Payment is The Logic Group’s next generation settlement product. It has been designed to be highly flexible and adaptable. Solve-Payment is developed in Java™ and adopts the latest IT standards. The product takes advantage of all the experience learnt from the company’s previous settlement product, Solve-PFG.
Solve-Payment enables the merchant to provide the details of an authorised transaction to the acquirer for settlement, provided in a payment file. Once received by the acquirer, the payment file is processed and funds transferred from the cardholder’s account to the merchant’s account.
Solve-Payment produces settlement files from the transaction log records that have been marked for settlement by Solve/SE. It can process several transaction logs within the same run, ensuring that transactions within logs generated by different Solve/SE systems can be processed into the same settlement file. Solve-Payment operates as a batch process and can be initiated automatically at set times of the day to submit settlement files, although normally run at the end of each trading day.
| Features and Benefits |
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Handles transactions from PoS, Call Centre, Internet, UPT, IVR and Mail Order in same payment run. |
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Supports all common credit, debit, store and purchasing cards – EMV and non-EMV. |
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Supports multiple acquirers. |
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Supports multiple merchants. |
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Multiple currencies can be supported, including Customer Preferred Currency (CPC)/Dynamic Currency Conversion (DCC). |
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Supports major purchasing card standards. |
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Compact Hypersonic database technology can run almost entirely in memory, reducing disk traffic and enhancing performance. |
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User-configurable duplicate transaction checking. |
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Simplified acquirer configuration. |
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One central XML configuration file. |
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Records transactions by environment, including noting those from a UPT |
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Initiation by batch file, operator command or automatically from Solve/SE. |
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Improved recovery and restart, resulting in reduced support costs and reduced downtime. |
Although Solve-Payment and Solve-PFG both provide similar settlement capabilities, Solve-Payment is not a direct replacement for Solve-PFG.
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