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Merchant Payment Support

Merchant Payment Support

Merchant Payment Providers

Payments in the UK have seen rapid change over recent years. With people increasingly using a card, mobile, and electronic wallets to make payments, all these payments must be processed swiftly and seamlessly. Many organisations have chosen to outsource this payment processing element to reputable merchants. This move was highly prevalent when PCI compliance came into force with retailers taking the opportunity to entrust these third-party payment providers to offer the necessary security for payment information and negate the need for complex and expensive in-house merchant capabilities. With cyber-attacks ever-evolving, these merchants must provide highly secure, super-quick transaction verification and processing – these tasks typically sit within databases which will still require the same levels of proactive management and care that other applications do.

The Merchant Payment Goal

  • Stable, reliable and efficient systems - providing faster payments for retailers / merchants
  • Promote use of Open Banking i.e. enabling account-to-account payments through APIs
  • Cross-border payments are fully operational as retailers will have suppliers in multiple geographies
  • Support innovation with new payment methods e.g. cheque imaging
  • Real-time Gross Settlement to allow quick decision making and visibility on the financials

The Merchant Payment Challenge

  • Increasing security threats as different payment method are included
  • Systems need to be able to scale for peak periods whilst offering maximum availability
  • Ensuring data repositories are fully secure
  • Round the clock availability as payments are completed 24x7 in the new digital world and increased home shopping

The DSP Solution

Your businesses specific needs will ultimately decide the solution. However, below are the most common solutions to solve the merchant payment challenges.

  1. Managed Services to ensure Merchant Systems available 24x7x365
  2. Performance Review – improve speed of transactions through highly tuned and performant applications

E-Commerce Resources

Wiggle & Oracle Cloud

Click to watch how retailer Wiggle grew with Oracle Cloud.
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Ocado & DSP

Don't just take our word for it, read what one of our retail customers have to say about us.

 

Contact DSP Today!

If you'd like to discuss your e-commerce IT strategy with a dedicated retail-focused account director, get in touch today using the form on the right. Alternatively, review all of our IT Retail Support services, such as E-Commerce Support and Point of Sale Support.

Get in Touch

Complete the form and a specialist retail account director will be in touch.