SmarQ Processing: Overview
Our Markets
SmarQ Processing services the e-Commerce processing demands of major national and global merchants and financial institutions. Our services are targeted at customers in four key markets:
RETAILERS – ONLINE
- Tailored solutions for National & Global on-line retailers – with 24/7 support
- Direct, seamless integration with on-line retail
platforms
- Secure, robust payment processing & detailed
reporting
- Revenue enhancement & optimisation
- Cost reduction & optimisation
FINANCIAL INSTITUTIONS & ACQUIRING BANKS
- Multi-currency card processing & clearance
- White label service offering
- 24/7 support and full redundancy
- Secure, robust payment processing & detailed reporting
- Able to service all merchant base processing requirements
- Revenue enhancement & cost reduction
AIRLINES
- Multi-currency card processing & clearance
- 24/7 on-line support and full redundancy
- Optimising payment processing loop to achieve maintainable cost reductions and revenue
enhancement - Secure, robust payment processing & detailed reporting
- Capacity to service low cost & full service airlines
PAYMENT SERVICE PROVIDERS
- Enhanced payment service offerings to PSP’s clients
- “Switch-to-Issuer” - process credit card authorisations direct to card issuer for MasterCard, Visa, Amex, Diners Club, and JCB cards
- SmarQ/MiGS enables real time transaction routing for all international card schemes directly from merchant into MasterCard’s global authorization network, BankNet
SmarQ/MiGS – Robust, Secure
SmarQ Processing utilises the MasterCard (MiGS) secure internet payment gateway system and technology. SmarQ is the only unrestricted global reseller of the MiGS payment processing solution. Accordingly, SmarQ is the only reseller able to provide complete payment processing solutions via MiGS from any global market through a worldwide network of over 70+ MasterCard approved MiGS enabled banks. Our merchants and acquiring banks can process customers via any certified acceptance channel for international credit and charge cards.
SmarQ/MiGS is safe, secure and offers all the MasterCard proprietary fraud detection and avoidance systems.
SmarQ/MiGS – Merchant Advantages
The SmarQ/MiGS payment system offers merchants the following advantages:
REVENUE ENHANCEMENT
- Competitive cost. Offering exceptional value for money with its advanced member acquirer and merchant functionality.
- Revenue benefits. Interchange charge optimisation and lower Merchant Service Charges equals revenue enhancement for merchants.
- Cost Reductions. “Switch to Issuer” authorisation efficiencies reduces acquiring cost.
- Lower administration. Comprehensive web based merchant administration portal for merchants to manage their payment transactions.
- MIS reporting. Efficient batch file & individual transaction reporting improves operational efficiencies and enhances business transparency.
- Rapid merchant payment enablement. Deploying flexible payment client software via a bank's preferred distribution method.
- Processes all card brands. MasterCard/Visa card types and non-bank card issuers such as American Express, Diners Club and JCB cards.
- MasterCard SecureCode and ‘Verified by Visa’. MiGS supports both authentication solutions.
SYSTEM EFFICIENCY
- Minimum development. Leveraging MasterCard’s global network by switching credit card authorisation messages direct to the card issuer for authorisation.
- Wide applicability. Can be used to enable individual merchants or entire merchant communities and industry specific portals.
- Secure Payments. Data passed between the MiGS Payment Client and MiGS is strongly encrypted using the best industry practices for cryptology.
- All kinds of transactions. MiGS can process normal purchases, voids, refunds plus pre-authorisations and completions up to the value of that same pre-authorisation.
- Single point of certification. All software and hardware components are housed within MasterCard’s APC secure environment.
- Future developments. MasterCard is continually improving the MiGS offering to ensure a "best-in-class" offering for MiGS member banks and merchants.
