FTS Smart Payment Enabling Solution has been selected by a US-based international acquirer focused on the e-commerce and m-commerce payment processing arena to simplify and automate the rating, billing and settlement functionality of it’s multi-currency commissioning system.
The solution will revamp the commissioning and settlements processes at the heart of its existing payment processing and acquiring platform and will play a critical role in the customer’s transaction management processes with its PSP partners and associated merchants.
FTS’ Smart Payments Enabling Solution will support the customer’s dynamic and flexible contracts with its partners and merchants – each with its own business logic – enabling the implementation of a dedicated commissioning model for each case. This will enable the customer in the rapid onboarding of new merchants and partners, whilst substantially reducing operating costs and achieving an unprecedented time to market.
According to FTS, its Smart Payments Enabling Solution is a feature-rich platform that meets the diverse and expanding requirements of the various players in the payments, e-commerce and m-commerce industry. It provides rapid time to market, flexibility and vendor-independence, all of which are crucial to the effective deployment of settlement and revenue sharing business models. Moreover, the FTS solution is ideal for supporting the unique aspects of digital acquiring interactions, including compound revenue sharing in a world of multiple partners and complex value chains, adds FTS.
“FTS has recently entered the realm of card payment processing, digital merchant acquiring and e-commerce. This project proves once again FTS’ versatility in providing solutions that support a range of industries beyond telecom billing: the Smart Payments Enabling Solution is ideal for the broad range of innovative pricing, revenue sharing and business models evolving today. We look forward to continued cooperation with this customer in assisting them in the development of new modules that will meet their precise business requirements in this dynamic industry.”
- Nir asulin, CEO, FTS