Integrating into e-commerce
Shift4 Corporation, an independent payment gateway, is continuing its gradual expansion into the card-not-present sector by integrating with e-commerce platform Magento. The move follows the company’s integration with the Zen Cart shopping cart solution few months back. (view press release)
The integration with Magento will enable Magento users to keep the customer checkout process on their own site and take advantage of the security and PCI-scope-reduction benefits of an outsourced tokenisation solution. The integration also allows users to take credit/debit and gift card payments as well as partial authorisations (splitting the balance between credit/debit and gift card).
Shift4 claims its ‘low cost per transaction fee structure’ allows Magento merchants to make savings of up to 50%.
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more
