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PayFlex Payment Solutions

Innova’s PayFlex Payment Platform products provide secure and innovative ways for mobile and credit card based payments.

Yusuf Bodur

Financial Transactions Project Manager

You can contact our solution consultant directly for more information.

90 212 329 7141

PayFlex Payment Platform products provide secure and innovative ways for mobile and credit card based payments. The products integrate with GSM operators and banking systems and handle all money transfer between subscriber accounts and merchant accounts. The system highlights credit card based or new trend mobile payments instead of old fashion payments via cash.

The payment products provided under PayFlex Payment are:

PayFlex Virtual POS Management

Hassle-free credit card payments must be reliable and secure. The PayFlex VPOS solution, built on Innova’s PayFlex platform and cloud infrastructure, is a new payment collection system that promises lower costs for financial institutions while also providing the highest standards of speed and security, including real time transactions.

The solution is particularly advantageous because of its cloud substructure, which can be scaled to suit companies of different sizes and modified to suit different working conditions. This takes away the need for costly software investments, effectively increasing revenues.

Fore more information...

PayFlex Mobile Payment System

PayFlex Mobile Payment is a comprehensive product enabling mobile payments for a variety of sales operations. The product provides an environment where the GSM device can act as a credit or debit card, POS device, shopping channel, and authentication device. Thereby enables time and location independent, fast and secure sales under complete control of the company and the bank. In this environment, payments can be executed on an online and real-time basis, and are reflected to all parties of sale operations.

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PayFlex Micro Payment System

Innova’s PayFlex Micro Payment System allows operators to offer time saving payment solutions and helps them remain one step ahead of the competition.

Fore more information...

PayFlex Mobile Payment is a comprehensive product enabling mobile payments for a variety of sales operations. The product provides an environment where the GSM device can act as a credit or debit card, POS device, shopping channel, and authentication device. Thereby enables time and location independent, fast and secure sales under complete control of the company and the bank. In this environment, payments can be executed on an online and real-time basis, and are reflected to all parties of sale operations.

PayFlex Payment Platform’s PayFlex Mobile Payment stores merchant and subscriber definitions in a central repository, communicates with bank systems and enables a wide range of services via standard protocols over online integrations to various channels, such as mobile handset application, web, WAP, SMS,USSD, IVR or call center.

The other features of the system are:

  • One time subscriber enrollment is required
  • During the enrollment, credit card info needed. Prioritization on days of the month can be defined for multiple credit cards
  • There is no fixed limit for transaction amount. Transaction amount limits can be dynamically defined by bank, company or the subscriber
  • Merchants and customers are informed about each payment in real-time, resulting in accurate tracking of sales
  • At the end of payment period, payment total is transferred from bank to the utility company as a normal credit card payment

ADVANTAGES

Flexibility: Limits can be defined on any definition in the system: Subscriber, Merchant, Dealer, Channel, Service Type, Product Type...

Control: All transactions and system actions are under the control of service provider.

Low Costing Channel: Do not require POS, Card, etc. investments. Supported payment ways: mobile application, SMS, web interface or PayFlex Mobile Payment Page Integration.

Account/Card Independent: Any type of bank account and credit/debit card can be used. Besides, prioritization can be defined over recorded payment sources.

Operator Independent: Subscribers may use any operator’s number to receive SMS’s. PayFlex SMS sending operations may be provided by using PayFlex modem pool numbers without GSM operator agreement.

Security: During payments, no extra credit card, bank account or subscriber info rather than security PIN is required. All information given through enrollment is stored in the system in an encrypted format

APPLICATIONS

  • Mobile Payment Applications
  • Prepaid topup and e-voucher sale
  • Bill payment
  • Standing orders for prepaid recharges or bill payments
  • Face to face shopping (shopping at a merchant and paying with Mobile Handset)
  • E-commerce
  • Catalogue shopping
  • Ticketing
  • Parkmeter payment
  • Value Added Services (buying ring tones, wall papers, etc.)
Enabling mobile payments for a variety of sales operations

Innova’s PayFlex Micro Payment System allows operators to offer time saving payment solutions and helps them remain one step ahead of the competition.

As micro payments become ever more widespread throughout the world, Innova’s experience makes it one of the most useful partners that a telecom operator could hope for.

Bankless solution for micro finance

Mobile phone operators and internet service providers are constantly aiming to gain a competitive advantage by offering added valued services and improving their customers’ experience.

Micropayment systems are an increasingly popular method to serve this aim. PayFlex Payment Platform’s The PayFlex Micro Payment System, a solution fully owned by Innova, enables telephone and internet subscribers to make small payments via mobile devices.

Because the solution is based on the pre and postpaid accounts that subscribers already hold with their operators, there is no need for any integration with banking systems. This makes it independent and flexible to the customers’ needs, giving operators the opportunity to offer a high value added product with low operating costs.

Shape your own PayFlex solution

The PayFlex Platform offers a flexible solution which can be matched to the requirements of operators. Subscribers can gain access to the system via mobile device applications, SMS, Web-WAP, USSD, IVR or call centers and all these options can be shaped by Innova to suit the operators’ needs and demands. System administrators can define daily and monthly limits for each subscriber, allowing micropayment services to be limited as required.

Payflex Payment Solutions

No need for Credit Cards and POS devices

The PayFlex Micro Payment System increases the quality of operators’ services by establishing a single channel for millions of subscribers that does not need to be linked to a banking system. Postpaid customers have their transactions added to their bills and prepaid customers have them deducted from their remaining credit immediately. At the end of the payment period all transactions are automatically transferred to merchant accounts from those of the phone and internet operators. Investment costs are kept low since the process does not require the use of credit cards or point of sale devices.

ADVANTAGES

  • Flexible solution: Subscribers can make payments via mobile device applications, SMS, Web-WAP, USSD, IVR or call centers.
  • No banks: As the transactions do not use bank accounts, credit cards or POS devices the solution is independent of banks and thus keeps investment costs low.
  • A competitive advantage: The PayFlex Micro Payment System is another successful Innova project offering added value to the telecoms sector.
Remain one step ahead of the competition

Innova has always off ered breakthrough technologies to the telecommunications and finance sectors with its original and bespoke solutions. The PayFlex Micro Payment solution once again provides evidence of the company’s vast experience in the market.

A simple to manage solution

PayFlex offers subscribers a straightforward solution as an alternative to making traditional bank payments. Operators retain ultimate control as they are empowered with a simple management system that allows them to define transaction types, time periods and limits. In addition, this simple and direct payment method increases security and decreases the risk of fraud, particularly on online platforms.

Monitoring and reporting: The transactions in the system are constantly monitored by an alarm mechanism which sends an automatic warning to predefined contact points when they reach a certain limit. Furthermore reports can be obtained on key performance values, such as system performance, transaction trends or unusual transactions at any time.

A payment channel without cost: The PayFlex Micro Payment System does not use payment systems such as point of sale or credit cards, relying instead on SMS, Web-WAP interfaces or common payment page channels. This helps reduce purchasing and operation costs significantly.

Banks edged out: The system does not require a bank account or a credit card and thus removes the role of banks from payments. This not only reduces costs but also offers a more flexible payment solution.

Security: No customer information is required to make payments since the transactions are handled directly from the subscriber channel, which in turn eliminates security anxieties for the end user. Personal identification numbers can also be added when requested.

Fast virtual payments that meet international security standards.

Hassle-free credit card payments must be reliable and secure. The PayFlex VPOS solution, built on Innova’s PayFlex platform and cloud infrastructure, is a new payment collection system that promises lower costs for financial institutions while also providing the highest standards of speed and security, including real time transactions.

Instant transactions

Online virtual point-of-sale applications must be able to guarantee security and speed by offering the means to avoid identification theft during credit card payments and ensuring transactions are made as quickly as possible. They must therefore handle the complex background processes required to reach a bank’s provision system quickly and without problems, while also ensuring that every stage of security checks are completed successfully.

The PayFlex VPOS system manages all these stages successfully and guarantees that every transaction is handled efficiently. The solution can be adapted to suit the needs of individual institutions, effectively reducing the costs accrued in the payment collection process.

Problem-free integration

PayFlex Payment Platform’s The PayFlex VPOS system meets all international standards and makes it easy to communicate with the different platforms used by virtual stores thanks to its unique integration components. All platforms used by virtual stores, including Windows, Linux and Unix-based systems and all the most commonly-used web servers are supported by this solution, since it contains integration components for NET, Java, PHP and ASP. All integration components are presented with code samples and all necessary explanatory documents.

Innova can take responsibility

Thanks to Innova’s expertise and experience in payment solutions, the PayFlex VPOS system is perfectly placed to respond to the needs of all institutions and banks that offer credit card payment provision services. Innova can offer the solution as a license for institutions looking for built-in usage or as software as a service (SaaS) for those who prefer external resource usage.

The solution is particularly advantageous because of its cloud substructure, which can be scaled to suit companies of different sizes and modified to suit different working conditions. This takes away the need for costly software investments, effectively increasing revenues.

For more flexibility...

Although Innova’s payment system projects are being used by many large financial institutions in Turkey and abroad, the PayFlex platform’s rich features and flexible integration structure makes it suitable for institutions of all sizes. While PayFlex VPOS can be offered as an inbuilt or cloud-based service, both options work to the highest performance and security standards and offer a truly independent payment channel for companies. And of course when costs go down, profits go up.

The entire process of the transaction flow between banks and institutions is managed under the control of PayFlex VPOS. Starting with SSL (Secure Sockets Layer) 128 bit encryption, it also supports authentication methods such as Visa, Verified By Visa and MasterCard Secure Code certificates so that transactions are managed successfully to the highest possible international security standards. The system also reduces the risk of lost data due to human error and presents the most secure possible solution to all institutions.

Fraud prevention system

The PayFlex VPOS system offers security solutions aimed at reducing the joint security concerns of banks and their member institutions. The system’s inbuilt fraud mechanism makes it easy for member institutions or the banks themselves to define their own rules and formulas to act as fraud indicators. Transactions are assessed for their potential fraud risk first by the bank’s predefined criteria and then by the relevant member’s defined rules, if any are in place.

When a risk is detected, the PayFlex VPOS sends warnings to predetermined contact points or issues a payment refusal, depending on the level of risk.