Developers can take advantage of the following authorization and settlement features on Vantiv’s enterprise payment platform:
- Contactless / Near Field Communication (NFC), also known as “tap” technology
- Cardholder Activated Terminals (CAT) or kiosks – for compliance with regulations around unattended purchases
- Partial authorizations - when there are insufficient funds available to authorize the requested amount of a purchase
- IIAS – FSA – support for specialized account types including Flexible Spending Accounts (FSAs) and health savings accounts for merchants with an Inventory Information Approval System (IIAS).
- Visa Debt Repayment – support for merchants participating in Visa’s Debt Repayment Program.
- Draft locator ID
- Foreign currency pricing
- Dynamic currency conversion
- Level 2 card data – allows additional information to be attached to card transactions for commercial and government card holders for better interchange rates
- Level 3 card data – additional information fields required for business to business or business to government card transactions for better interchange rates
- Verified by VISA, MasterCard Secure – additional security levels offered by card brands to further authenticate transactions and to help reduce fraud
- Soft descriptors – transaction specific billing descriptors visible on a customer credit card bill to reduce in incidence of chargebacks
- Signature capture – electronic signature capture technology, typically used with debit transactions
- Quasi cash – referring to transactions directly convertible to cash including gaming chips or travelers checks
- Recurring payments
- Bill payments
- Installment payments
- Convenience fees
- Incremental authorizations – re-authorizations of payments exceeding initial authorization amounts by a threshold amount
- Tokenization – A security strategy where sensitive cardholder data is converted to low value tokens that can be safely stored by a merchant
- Voltage encryption – A security point-to-point encryption technology for payment processors and device manufacturers developed by Hewlett Packard
- DUKPT encryption – Derived Unique Key Per Transaction (DUKPT) typically used to encrypt PIN data acquired by point of sale devices
- EMV – stands for Europay, MasterCard Visa, a technical standard for securing payment cards.
Settlement related options are:
- Terminal capture
- Host capture
Details of features above and how they are implemented will depend on your integration method. Please contact a Vantiv integration consultant for assistance choosing the best integration method.