Fwd: ICICI Payment Gateway Proposal
Sebin Jacob
Please find the proposal and commercial details of Payment Gateway facility for M/s.Budha Info Solutions & E Commerce Pvt Ltd .
We take this opportunity to introduce you to ICICI Merchant Services E-commerce business in detail.
Introduction To Payseal
ICICI Bank has range of security features for its Payment Gateway.
-
128 bit Secure Socket Layer
-
EnTrust Digital Certificate
-
Firewall (Virtual electronic fence that prevents unauthorized access)
Payseal is designed to enable online and real time
Debit/credit cards payments, payment gateway works effectively
across
multiple channels including.
-
Web
-
Contact Center
-
Mobile
-
IVR
Payseal enables secure, reliable,
real-time card processing and supports all major Master, Visa & Maestro
card types issued worldwide.
The various types of transaction that can be performed on line are :
- Preauthorization
- Authorisation (Capture)
- Refund
- Partial Multiple Refund
- Payment Client is Quick and easy to deploy
Payment Processing
ICICI Merchant Services is the largest processor of
credit
cards in India and controls more then 75% of all on line
credit card
transactions in India.
We currently offer two payment gateways: Payseal & MIGS
(Mastercard
Internet Gateway Services) and are also processing
transactions for GDS
like SABRE/AMADEUS.
Following are some of the ICICI Merchant Services
on line
acquiring relationships:
|
Ministry of Company Affairs |
Naukri.com |
|
Air India express |
Jeevansaathi.com |
|
Kingfisher Airlines |
Monster.com |
|
GoAir |
Dish TV |
|
Spicejet |
E Bay India |
|
Jet Airways |
Shri Raj Travels |
|
Jagson Airlines |
Future Baazar |
|
KLM Royal Dutch Airlines |
ICICI Lombard |
|
Yatra Online, |
Cox & Kings (India) |
|
Rediff.com |
Baazee.com |
|
Ezeego.com |
AirCel Cellular |
|
PVR Cinemas |
Sify Ltd. |
|
Bharti Airtel |
TVC Sky Shop |
|
China Airlines |
Bird Group |
- In terms of product comparison, we are currently the only payment processor to offer the following
- 3D Secure (Verified by Visa &
Mastercard
Secure Code). This
helps to reduce charge back risks substantially.
Multi currency acquiring, with more than 20 currencies including USD, Euro,GBP,AED etc credit will be in INR or Dollar only, Dollar to Dollar no conversion but other currencies to Dollar will be subject to conversion charges as per the particular day's rate. - Dedicated in house customer support and technology team with a 24x7 support.
Main Features
- Customer is provided with two SSL HTML pages from the Payseal server – wherein the merchant does not receive the card details.
- Time taken for the authorization confirmation is 10 – 15 seconds from the time the consumer confirms the Pay button.
- Merchant Administration Module facilitating on line capture of transactions and extensive records of all transaction information conducted via the ICICI payment gateway. The Merchant Administration module enables extensive MIS reporting and monitoring of financial transactions.
- Extensive Transaction features including refund and part capture of credit card transactions processed via the Payseal gateway, applicable for all valid credit cards issued by Visa and Master Card.
- ICICI Bank would act as the Acquiring
Bank, providing a merchant id
account for processing of credit
card transactions. The merchant may open an account at any
ICICI Bank
branch across India.
The
Process Flow
-
Customer visits merchant website, selects the goods / service of his choice represented in the website.
-
Merchant presents the order / reservations page to the customer with the transaction amount in India Rupees ( & preferred Foreign Currency in case of international transactions - The currency conversion from INR to the selected foreign exchange would be performed by the Merchant)
-
On Selection of credit card as a payment mode, the merchant servers would transmit an encrypted digital order to the payment gateway systems, with the amount field in INR.
-
A client software would be installed at the Merchant server site to facilitate generation of encrypted digital orders and decryption of digital receipts. The digital order generated would contain the session id, merchant id key, return URL, amount and locale to identify the transaction.
-
Customer would be presented with two secure Payseal screens (128 bit SSL protected). Payseal would capture consumer card details from the consumer browser, based on the consumer order information provided by the server systems.
-
Payseal would receive the authorization for the required amount and pass on the same to the client server via a digital receipt. It would take under 15 seconds for Merchant to receive the digital receipt on receiving the details from the customer.
-
Merchant would confirm the order to the customer in the selected property.
-
Merchant to capture the transaction for every sub merchant within 13 days from the date of authorization receipt. On line capture would occur via a merchant administration module provided to the merchant, providing access to the gateway server.
-
Merchant would receive transaction amount net of the agreed transaction charges into the respective ICICI Bank merchant id accounts on submission of POD (Proof of Delivery / Completion of Service).
-
Merchant would receive the corresponding FIRC (Foreign Inwards Remittance Certificate) documents to deposit foreign exchange in their EEFC account for foreign exchange transactions.
Commercial details for Payment Gateway.
One time Integration fee - 20K+ST
Transaction fee - For Domestic Acquiring - 2.1%+ST and for International 2.5%+ST
If the transaction value is less than 3 lakhs per month than rental will be applicable of Rs 500 +ST per month.(schedule of charges )
Security deposit/ Delayed Fund - As per the Under writer Approval.
Net Banking Setup fee -- 10K+ST
Transaction Fee -- 1.9%+ST
For further details please contact Vinod - 9526159222
Regards,
Noor Mohammed.M
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