FSS iPAY – a highly secured payment processing platform
The rise of internet penetration and proliferation of mobile devices have transformed the e-commerce business landscape globally. According to recent studies, the worldwide B2C e-commerce sales accounted for a whopping figure of $1.5 trillion USD in 2014. While m-commerce is also steadily gathering its pace, the online market is expected to witness an exponential growth in the coming years. The e-commerce and m-commerce growth is well-supported by a robust technology layer in the back end.
Although consumers and merchants are favouring online commerce due to cost advantage, they are wary of security breaches that are prevalent in online payments ecosystem. The need of the hour is a reliable payments technology platform that ensures high security standards.
Committed to provide best-in-class payments products to banks and other financial institutions, FSS will be launching a hybrid payment processing platform – FSS iPAY shortly.
FSS iPAY is the first payment gateway to get PCI 3.0 PA-DSS certification and promises a highly secured payment transaction zone with its inbuilt fraud prevention and risk mitigation engine. India’s first debit card and pin gateway – FSS iPAY is compatible with multiple payment options such as debit/credit/prepaid cards, IMPS, internet banking, batch banking and interchanges like VISA & others. FSS iPAY is the most robust payment processing platform in the industry today when it comes to scalability and performance. The highly customizable configuration settings of the product give customers the flexibility to accommodate even specific business needs.
FSS iPAY is also available for customers in a hosted model, supported by a world-class data centre to handle high volume transactions.