Net1's Transaction Management service incorporates the entire EFT and non-EFT transactions suites, allowing merchants to be able to accept a range of payment tokens and banks to acquire those payment tokens.
This encompasses conventional mag-stripe cards, credit, debit and private label cards, contact and contact-less smart cards with PIN and/or biometric cardholder verification.
The service utilizes a complex set of processing rules defined by the Card Associations, Central Bank and local issuers on how to accept or reject the payment token presented to a Merchant.
These rules are applied for goods or services and vary by merchant category as background tasks of the Transaction Management Service.
More about Transaction Management
Prism FlexiLANE™ is an end-to-end payment solutiondesigned to assist retail merchants and petroleum companies with the processing and handling of multiple transactions from several devices using multiple tender types.
Today's retail consumer is more demanding and less loyal than ever before, retailers are therefore continually looking for new and innovative ways to differentiate their service offering and increase revenue streams.