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Direpay product note
- 2. 7/31/2013 © TimesofMoney. Strictly confidential 2
Organizational Overview
TimesofMoney
More than a Decade-old organization, focused purely on e-payments
India-based, serving retail and institutional clients in 40+ countries
250-strong employee base with all critical operations in-house: product development,
technology, customer service, risk & compliance and transaction processing
Dedicated CoE: Payments, mobile technology, remittances
Spanning Indian and international clients, our offering includes specialized NRI services, India
Money Transfers, Global Money Transfers and ePayments
Conceptualized and built to serve diverse communities, TimesofMoney's services offer
convenience, connectivity and flexibility across a global platform
Awards:
Remit2India's Website earns the coveted 'Standard of Excellence WebAward', 2010 from the Web
Marketing Award Association
Remit2India won the Brand Leadership Award in the 'Internet Business' category
at the World Brand Congress 2009
- 4. © TimesofMoney. Strictly confidential 4
About DirecPay
DirecPay is a payment gateway service providing customized online payment solutions for
merchants across India. It offers safe and cost effective payment options (NetBanking, Debit cards
, Credit cards, IVRS, Mobile Payments) on a secure technology platform.
DirecPay is a secure and merchant-centric payment gateway service. This means that it allows
them to receive payments in a secure environment, from a bouquet of payment service offerings.
So whether merchants sell their products online, provide services with online payment collection
or want to collect payments for utility bills, DirecPay empowers them to receive payments from
all their customers.
- 5. © TimesofMoney. Strictly confidential 5
Product Offering
Ecommerce
Credit Card - All Visa / Master / Diners club credit cards
Debit Card - All Visa issued Debit card
Maestro issued Debit cards
Retail Net Banking (Direct Debit) – 40 plus retail net banking of all major banks in
the country
Corporate Net Banking – 25 plus corporate net banking platform of all major
banks
EMI Card Processing of more than 6 leading banks in India giving you 95%
coverage
Cash Management Solution - A corporate/proprietor user with
large booking amount can pay using his corporate bank account
Cash Cards – Major cash card supported
Mobile Payments - PayMate
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Interactive Voice Response System (IVRS)
All major credit card accepted on IVR
Agent assisted model available
High level of customisation
Mobile Payments / Internet and Mobile Payments Service (IMPS) - Mobile
payments are processed using the Inter Bank Mobile Payments System (IMPS).
Currently 14 banks are part of this network. Some of the benefits of this payment
mechanism are:
Bank independent processing
Seamless transaction flow
Customers having a mobile money Id (MMID) can transact using any of the access
channelsCash Cards
WAP Payments/Mobile Checkout
All major credit card accepted on WAP
New age payment acceptance method
Integrated with merchant mobile application and mobile website
No separate integration required
Mobile optimized user experience
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On Demand Analysis (Business Intelligence)
Merchants can retrieve real time reports
Merchants can retrieve real time reports
All reports can be converted into a graphical view
at the click of a button
Users can customize the reports on a real time basis
Can be also used for analyzing shopping cart data
User-defined, interactive dashboard reports with embedded analysis capability
Variety of chart types including bar, column, pie, donut, area, line, dual Y, gauge, combination
charts and more.
Stored Card Feature-
Option for customers to save their card number and expiry date
Enhanced user experience, Faster checkouts & Better success rates
Customer opts to save his card details(Card Number and Expiry Date) at the time of transaction
Repeat customers select the stored card and enter the CVV and 3D secure password to
complete the transaction
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Multi Bank EMI
Option for customers to convert their credit card transactions into EMI
Coverage across all the major banks
Opportunity to tap new customer encouraging them to purchase high ticket items
online
Promotional tool for merchants
Savings in interest cost for the customer
Both merchant and customer subvention options available
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Value Added Features
Digital Wallet- A digital wallet can be created for Amway customers which will provide the below
benefits:
Option to fund using any of the above payment options and redeem their cash/points
Amway can credit rewards to the member(customer) wallets
Can be used across all access channels
Regulatory complaint solution which can be used as a alternative to offline pre paid
instruments like ITZ cash which has been stalled by the RBI
Mobile Point of Sale with features- Mobile POS can be used as a effective alterative to cash on
delivery. It provides the following benefits:
Higher success rate compared to cash on delivery
Better working capital management
Capability to offer multiple collection capabilities(Cards,IMPS)
- 10. © TimesofMoney. Strictly confidential 10
E-Invoicing – Merchant can raise electronic invoice to customers for collecting online payments. This
feature has the below benefits:
Pushing payment request to the customers
Customers get a mail alert with an option to pay online
The invoice can be scheduled based on pre defined frequency
Risk Management Services – We run a 24/7 in-house risk management services. Some of the
features of our services are mentioned below:
Robust Risk Management process
Stringent merchant identification checks, including tele-verification per transaction
Transactions screened against SDN/PEP/OFAC along side negative database
Exception/suspicious reports tracking to prevent money laundering
Transaction level risk scoring with volume velocity checks and IP tracking
Comprehensive record creation and retention process
Transactions coming from any high-risk countries are flagged
A Geo-location and online fraud detection per transaction
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Recapturing Abandoned Transactions
Currently 40% of orders are abandoned by customers due to technical errors, poor
connectivity etc
Direcpay will give you detailed analytics of these transactions
The MIS will include all details of transactions like browser, date/time
Customers will also be sent email alerts with a option to
complete the payment
Shopping Carts
DirecPay is pre-integrated with the below Shopping carts
Magento, Jhoomla, Cubecart, OsCommerce, Xcart, Zencart
Merchants can directly download any of the above Shopping carts
from DirecPay website and start collecting payments using DirecPay
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DirecPay Cloud
Build your own branded online store in minutes with DirecPay's powerful ecommerce platform:
Fast & Easy-to-build professional website
Low entry cost
Cloud Hosted Model
Integrated payment gateway
Run promotions
No dependency of 3rd party vendor for ecommerce solutions
Inventory management system
SEO and Online Marketing
Social network integration
Customized online store with logos
Logistics partner to manage delivery
Manage Content, create & manage catalog, Customer Management and Email marketing
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Advantages of DirecPay
Single Integration with DirecPay for all banks (Net Banking, Cash Cards, Mobile
Payments)
Single MIS for all Credit/Debit cards, Net Banking, Cash Cards, Mobile Payments
transactions
Saving on time in tie-up & integration with all these banks
Safe and secure transaction processing
Recapturing abandoned transaction
DirecPay is pre-integrated with multiple Shopping Carts
Merchants can directly download any of the above Shopping carts from DirecPay
website and start collecting payments using DirecPay
Multi-platform support like JAVA, PHP, JSP, PERL, ASP etc
Fraud detection management services
Simple integration process
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•Currently supports most common Browsers
•Merchant channel agnostic (Web, Mobile)
•Integrated with IVR platform
Interfaces Supported
Infrastructure
•Fortigate 310 B firewall with IPS
and IDS
•Netscaler for load-balancing
•PCI-DSS v2.0 certified
•Militarized (MZ) and De-Militarized
Zone (DMZ)
Safety and Security
•Three Tier Architecture
•Component based architecture
•Separate interface and aggregation engine
•Platform Independent Implementation
•Scalable multi -channel and flexible
•Interoperable enabling integration
Software Architecture
•Sun Servers Ultrasparc T2 processors
•JBoss 5.0 as middle ware
•Oracle 11g Database
•ACD and AOD with IVR support on
Genesys platform
•Talisma Enterprise Messaging
Technology Platform & Infrastructure
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User-friendly merchant account access and On-Demand Reporting tools
Enables Rapid & Informed business decisions
Variety of chart types including bar, column, pie, donut, area, line, dual Y, gauge,
combination charts and more.
Empowers end-users to instantly meet their dynamic information needs by
rapidly creating & viewing multiple representations of the same data
Presentation-quality reports that business users can straight away use in the
boardroom
Users can easily share reports and business insights with teammates,
customers and vendors
Access various reports (Settlement reports, Transaction MIS)
Business Intelligence Tool
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