Payment Processing
Payment industry caters to offering merchants and customers multiple ways of paying for goods sold or services rendered. A multitude of payment methods are used by customers, such as cash, credit/debit cards, pre-paid cards, gift cards, mobile, IVR etc. to cater to different needs of customers.
Innoviti focusses on improving the efficiency of payment processing at a merchant location by reducing wastage in their existing systems. Innoviti's uniPAY client-server solution integrates into a retailer's IT system to reduce such wastage in a cost-effective manner. Innoviti's uniPAY system can also support addition of other value added services such as card-based marketing products.
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Centralized Credit/Debit Card Acceptance
Traditional credit/debit card acceptance mechanisms at a retailer result in certain wastages such as
a) additional hardware, b) reconciliation issues and c) communication costs. Innoviti's uniPAY solution helps to address these wastages while providing a secure, cost-effective environment for processing the credit/debit card transactions at retail outlets. Additionally uniPAY can help retailers in running targeted card issuer programs for their customers thereby driving marketing benefits.
Field Cash Collection
Several applications require field money collection by enterprises. This could be for accepting payments, collecting EMIs and other purposes. Innoviti's uniPAY solution can help these enterprises carry out field collection in a cost-effective manner while controlling fraud and provide for accurate tracking of the field activities.
Biometric Authenticated Payments
Biometric authenticated payments deals with reducing possible payment fraud through use of stolen/forged identity by requiring a biometric authentication prior to confirmation of payment. Innoviti's trueID solution alongwith the uniPAY can be used to effectively provide for a biometric authenticated payment solution.