MrECash Debit
The MrECash Debit
solution enables any financial services provider to give consumers
direct debit access to a DDA to make purchases in the wired and wireless
worlds. MrECash Debit implements the next generation of secure payment
protocols endorsed by the major EFT networks. These protocols are
designed to ensure the authenticity of all parties in the payment
transaction while ensuring consumer privacy – a key to both consumer
and merchant acceptance of online payments.
Through state-of-the-art
encryption and digital signature technology, the MrECash Debit solution
authenticates the consumer and merchant, and authorizes the payment
via the secure protocols developed and set forth by leading debit
card associations. Consumers are ensured of their privacy, as the
minimal set of payment data required is transmitted in a highly secure
form.
Merchants can
introduce the acceptance of these secure payments directly into their
regular online order acceptance and processing stream by adding our
Merchant Integration Kit. And since consumer identification and funds
are verified in real-time, merchants enjoy the equivalent of a "card
present" transaction, without the fraud and charge-back concerns
of "card not present" payments.
Leveraging consumer
familiarity with physical debit cards, our solution employs a “Virtual
Debit Card” interface, in either a hosted or local configuration.
In either case, the Transaction Engine ensures payment integrity and
system reliability.
Product Highlights
- Supports protocols
of major EFT networks, including NACHA’s ISAP and Maestro’s
E-M Commerce
- Direct, real-time
access to a DDA, in a familiar debit card paradigm
- Creates the
equivalent of a "card present" transaction for merchants
- Consumer authentication
and payment authorization without transmitting private consumer
information
- Online balance
and transaction histories for both consumers and merchants
- Virtual Debit
Card exclusively service-provider branded
- Accessible
from both wired and wireless devices, including PCs, mobile phones
and Palms
- Merchant Integration
Kit, for simple, disruption-free integration with existing commerce
systems
