SmarQ Processing
SmarQ will appoint suitably qualified companies anywhere in the world to become a Payment Service Provider (PSP). The qualification process observes and follows all international standards of acceptance and audit scrutiny.
The role of the Payment Service Provider (PSP) is to provide Sales and Technical Support services to merchants. The PSP is typically responsible for the following activities:
- Distribution of the MiGS Payment Client software to merchants.
- Provision of merchant acquiring services, including the Bank’s merchant risk assessment process, and provision of an appropriate Merchant Services Agreement.
- Registration, set-up and maintenance of the merchant’s details within the MiGS Payment Server Test and Production environments.
- Sales of Payment Client software to merchants, including execution of the MasterCard/MiGS enabled Member Bank’s Merchant License and Access Agreement for the purposes of production usage.
- Provision of Systems Integration services to merchants to assist with integration of the Payment Client software with the merchant’s application environment.
- Certification of the merchant to ensure that adequate payments integration testing has been completed.
- Post-sales merchant technical support, such as help desk facilities.
- Merchant billing for services and monthly license fees for the Payment Client software and MiGS Payment Server access.
- Providing training to merchants in the use of the relevant merchant facilities within the MiGS Payment Server – Merchant Administration system.
