Academic journal article ABA Banking Journal

Architecture Spans Web and POS Payments

Academic journal article ABA Banking Journal

Architecture Spans Web and POS Payments

Article excerpt

With e-commerce mushrooming and the rapid arrival of new payment types, comes a need for a processing platform that can improvise with changing times. QSI Payments, Los Gatos, Calif., offers payments processing software for a target market that includes business-to-business exchanges as well as traditional providers such as banks and payment processors.

Written to work on Windows NT, SCO Unixware, or Solaris platforms, this payments architecture is designed with security, ease-of-deployment, and scalability--and yes, flexibility in mind, says chairman and CEO John Richards. Many merchants and banks have dealt with the internet by signing up with vendors of individual gateway tools.

But "point-based" solutions need to be continually added with the addition of new payment schemes, and so aren't ultimately practical. QSI, in contrast, already supports gateways like SafeDebit, SSL+, Mondex card, and could easily incorporate others.

With a secure, three-way messaging capability that sends sensitive customer data from cardholder to bank directly (and removes the need for merchants to house that data and be exposed to hackers), the software is able to handle MOTO-, SSL-, or SET-protocol credit payments, and is equally proficient with PIN-secured debit, loyalty redemption, stored value, wireless, funds transfer, or billpay. …

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