Essentis Acquirer

Overview

Essentis Acquirer is a comprehensive, multi-currency, merchant management system. Merchant accounts and their histories are stored and managed in Essentis Acquirer giving acquiring banks complete control of the merchant accounting and settlement processes.

The multi-currency capabilities of Essentis Acquirer make it ideally suited to managing cross-border acquiring operations. Multi-level merchant hierarchies can be supported, where a different currency can be used at each point of the hierarchy.

Merchant service charges and transaction fees are calculated and managed through Essentis Acquirer, which also facilitates the collection of fees and charges from the merchants. Transactions that are submitted to Essentis Acquirer are automatically settled with the merchant concerned, and flexible statement options are provided.

Essentis Acquirer provides comprehensive merchant service enquiry and maintenance facilities. Fraud monitoring against pre-defined limits is a standard feature.

Key Features

Acquirer Key Features are described on the next page.

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Essentis Acquirer is featured on the IBM website as part of the Business Partner Application Showcase: