Acquirer Processing

Acquirer Processing including transaction acquisition is one of the most potentially profitable activity in the card business. The ability to react quickly to changing market conditions is a must. Accordingly, the full automation of this back office area, via an efficient and reliable software solution, is of great significance.

The Acquirer Processing Module in Bankworks enables a financial institution to perform the full range of acquirer functions. This includes both retail merchant business and cash advances (branch teller/ATM) for an unlimited variety of card products. It provides the facility for the user financial institution to settle acquired transactions with merchants (retail transactions), and banking institutions (cash advances). In addition, facilities are provided for the settlement of acquired transactions with the card issuer utilizing the Interchange Processing Module.

Bankworks is build to support both single and multi-institution acquiring processing, handling all kinds of domestic and international authorisation and payment transactions. The system is a highly parameter-driven solution which flexibility permits customers to define multiple and variable acquiring relationships to manage their business and services in accordance with their policies and needs.



The Acquirer Processing Module supports
the following key factors:
- Merchant management
- Terminal Management
- Risk Management
- Authorizations
- Merchants Settlement
- Chargebacks
- Compliancy (EMV)
- MSC (Merchants Service Commission) fee structure
- MIS (Management Information System)
- Etc.