This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Internet Gateway Financial Systems - IGFS® - is the modular solution designed to support Enterprises and Financial Institutions, providing tokenization and fraud prevention for secure eCommerce transactions, allowing merchants to accept international credit and debit cards along with eWallets and bank account transfers. Its modular architecture allows a tailored integration, with a short time-to-market for di�erent payment methods.
Enterprises increasingly require access to tokenization technology and fraud prevention. ECommerce is growing rapidly, with a significant expanding trend. The peculiarities of this channel require high security standards to protect merchants along with all the stakeholders involved in the process. This may not always be straightforward, since companies have to face the complexity of managing multiple circuits, payment streams, currencies and languages. The physical absence of card and cardholder rule out traditional swiping or chip & PIN verification systems, and requires authentication methods di�erent from face-to-face dynamics.
ECommerce payments in particular require special
attention because of the necessity to acquire and
store sensitive customer information, that is then
used for all future transactions. Tokenization
successfully solves this security issue by storing locally
only an image (a “token”) representing the actual
data, which is recalled from the secure processing
server only when needed for an authorized
transaction.
The PCI (Payment Card Industry) Council places strict rules and guidelines on the required security, since breaches potentially damage trust in the entire industry: these rules are enforced with terms of liability that place responsibility on the player with the lowest level of PCI compliance. Further complexity is added to this scenario by the di�erences in the authentication process determined by geographical area - in Europe the 3D Secure standards are widely adopted, while in the US cardholder authentication typically occurs through personal data. In a multi-acquiring scenario, variable fees can add up to generate a bulk of hidden costs that hinder the smooth flow of business processes and reporting.
Scenario
IGFS® PRODUCT FLYER V2.1
Benefits at a glance
Reduction on merchant fees Independence from a single acquirer
Continuity of service in case of acquirer downtime
Manage multiple payment methods from a single
buy now panel
Savings on integration costs Savings on certification costsPCI PA-DSS certified productReal time fraud prevention
Savings on integration costs Savings on certification costsPCI PA-DSS certified productReal time fraud prevention
FINANCIAL INSTITUTIONS
Financial Institutions benefit from the innovative and modular technology of N&TS GROUP “Financial
Systems” solution, with significant savings on integration costs and scalability.
Enterprises leverage the flexibility of N&TS GROUP “Financial Systems” solutions to choose the preferred routing of all the transactions in the system - this “multi-acquiring” option allows cost savings and empowers merchants in their relationship with acquirers.
N&TS GROUP also provides hosting services and managed solutions which remove the burden of compliance and IT management and allow our clients to focus on their core business.
Our PCI compliant environments enable significant cost savings in hardware, human resources and time to market.
Our Offer
All our products come with a perpetual license, installation and deployment services. Licenses are provided per instance regardless of the size of your project and include
another specific license for testing environments.
Professional services ranging from compliance consulting to application management are available on demand, along with discounts for disaster recovery instances.