Essentis Acquirer

Key Features

The following are the key features of the Essentis Acquirer Product:

• Multi-institution processing, supporting institution-level reporting and access security
• Multi-currency processing, including the ability to specify multiple transaction and settlement currencies per merchant, and to support multi-currency merchant structures
• Multi-language, supporting multi-language capability for end users and merchant communications
• Multi-model, supporting merchant specific model groups used for linking processing parameters together, bringing focus to acquiring services
• Central and cross-border acquiring, supporting settlement for country specific clearing
• Settlement options that allow for any required frequency for the settlement of different transaction groups, with net and gross settlement options
• Linked merchant structures, supporting the management and reporting levels for merchants in a hierarchy. Easy to use graphic screens allow the user to navigate and to drill down within structures.
• Full support for the production of settlement advices and merchant statements, with different periodicities
• Flexible definition of transaction-based fees, including flat rate and percentage fees, and the ability to vary fees by transactions type, card type, method of capture and cardholder payment method
• Interchange Plus pricing as a standard option.
• Tiered rebate facility, allowing transaction fee rebates to be calculated based on the level of merchant activity
• An indefinite number of service fees, defined for a range of merchant services, including ad hoc maintenance actions as well as regular charges for items such as POS terminals, hot-list provision, etc.
• Support for the Acquirer Counterfeit Liability Program
• Graphical User Interface delivered as standard
• 24-hour availability of the system for on-line access and maintenance
• Flexible search, selection and reporting capability through the use of SQL tools against the relational database

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