We require a vender to facilitate transactions for a 'master merchant' who manages a group of existing merchants;they capture large volumes of online transactions on a daily basis.The flow is currently active and is processed within North America,we are working to park this flow into a new home,preferred API/STP flow filtered with dynamic priority rules to distinguish and process different categories and risk parameters.
We require non-cvv processing and cvv processing channels. For the trial processing period,we can work off a 'dump' ftp and filter through static mapping model.
Credit card processing:
We need the banking platform to take care of the entire transactional process the time the transection is registered till the transaction has been approved. The process begins when credit card data is entered into the system either by swiping the card through a terminal or website payment page.the information is transmitted securely through an internet connection from the merchant to the processor,who passes it along to the card issuer/bank. The issuer authorizes or declines the transaction and notifies the processor . The processor sends the authorization to the merchant,who completes the and issues a receipt.within days,the processor deposits the proceeds from the sale into the seller's merchant account.
Settlement should be on a T (today)+1 basis
The level of business which can be achieved within a short number of months can easily hit 100M-300M per month in processing business.