IPG provides a technically advanced payment platform that sits between the merchant web site and the acquiring financial institutions.
As a white label gateway provider we integrate our platform with the Licensee’s sales processes and mimic their look and feel so the shopping experience is completely seamless to the end user. In effect, we become a silent back-end processing partner with customers unable to distinguish between front-end sales sites and the back-end payment processing gateway.
Unique Profiling for Each Merchant
A dedicated Client Account is established on the gateway for each merchant. This allows the Licensee to build a unique profile for every merchant based on their specific business category and unique risk management requirements. The Client Account is also the merchant’s access to the gateways feature-rich interface.
When building a unique profile for each merchant, Licensees can enforce a wide range of required fields and comprehensive fraud detection rules to each transaction for managing risk in real time.
The ability to proactively manage the profiling of each merchant means that chargebacks and fraudulent transactions can be minimised.
Advanced Real Time Risk and Fraud Checking Systems
The Risk Check module is a key feature designed to catch, combat and block fraudulent transactions before they hit the banking interchange. This substantially decreases the number of fraudulent transactions being processed and reduces chargebacks and disputes.
Each submitted transaction is analysed in real time by our sophisticated Risk Check module. It performs a comprehensive series of authentication, validation, and verification processes using IPG’s powerful Risk Check profiling, internal Negative Databases and third party systems. Only once a transaction has passed these comprehensive checks is the transaction routed to the acquirer for processing.
A key component of the Risk Check module is our unique Negative Database, which contains in excess of 5,000,000 entries and dynamically grows in real time. Each transaction is checked against the Negative Database, and then sent through an extensive and customisable array of threshold & velocity checks, Address Verification (AVS), Geographical IP location and Card Issuer BIN checks.
To ensure absolute data integrity, all data passing from the merchants to the gateway and from the gateway to the acquirer is encrypted end-to-end using industry standard 256 bit SSL encryption.
The combination of the gateway’s merchant profiling, internal Negative Databases, access to third party data sources and comprehensive scrubbing systems means that Licensees have the comprehensive tools necessary to manage risk. IPG is constantly developing even more effective, exciting and innovative fraud prevention tools to assist in risk reduction and the improvement of margins.
When processing large volumes of financial transactions it is imperative that Licensees have the right tools to manage and reconcile payments to their merchants.
IPG’s accounting module enables Licensees to easily configure a comprehensive set of billing parameters on a per merchant basis, thereby accurately calculating fees due. The gateway automatically reconciles all transactions with each acquirer before generating the billing statements. The statements are then placed in a “pending state” for the Licensee’s accounting group to check before finalisation and presentation to each merchant.
Fundamental to managing an Internet based business is the ability to access detailed reporting. IPG’s gateway offers a comprehensive set of reports providing dynamic monitoring and proactive risk management of an entire merchant portfolio.
Standard reports include:
Detailed Daily, Weekly & Monthly Summary Reports of transaction types and ratios on a per merchant, merchant set or consolidated format
Chargeback Analysis on a weekly, monthly and quarterly comparison by merchant, card type, descriptor and chargeback type
Fast Find and detailed search capabilities, and
Graphing tools representing statistical events in an easily readable visual format
For more detailed analysis or importing into other applications, all reports generated by the gateway can be downloaded into an easy to use CSV format. Reports can also be printed or emailed from the gateway interface.
