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Payseal
- Payseal, the ICICI
Bank payment gateway enables organisations to accept secure online
Credit Cards payments over the Internet.
- It makes electronic
commerce more convenient & offers ease and security of accepting
payments on the Internet.
- It provides that
trust and security which your customers require.
Payseal is an online real-time payment
gateway
- Offers 128-bit SSL
encryption, an established security technology protocol.
- Can process Visa
and MasterCard Credit Cards issued around the globe.
- Provides a robust,
flexible and scalable solution used by some of the leading Internet
merchants in India.
- Ensures real time
authorisations for your Credit Card transactions and reduces your
back end transaction processing requirements.
Back
How
it works
In a typical retail purchase
on the Internet :
- The customer fills
his shopping cart on a merchant website and proceeds to check
out.
- The transaction
information is transmitted to the merchant server.
- The web merchant
forwards a digital order to the Payseal server in an encrypted
format.
- Payseal authenticates
the merchant and provides a payment options and payment details
screens directly on the customer's browser over a secure 128-bit
SSL+ connection.
- The customer provides
his Credit Card details, which is directly sent to the payment
server.
- The Credit Card
details are then forwarded to ICICI Bank for authentication. ICICI
Bank then transmits the message to the Cardholders (issuing) bank
for payment authorization. The issuing bank authorizes the payment
and transmits the confirmation back to the payment gateway through
the acquiring bank.
- On receiving authentication
and authorisation, Payseal forwards the validation of the payment
instrument to the merchant server.
- The merchant transmits
the acknowledgement of the payment to the customer's browser.
The entire process integrates seamlessly
with the shop and buy application of the web merchant ensuring a pleasant
shopping experience for the customer. The Credit Card details of the
customer remain unknown to the net merchant. Top
Advantages
of Payseal
With Payseal, merchants are
assured of
Top
Easy
installation, operation and management
Payseal eliminates the need
for complex software, large databases, and heavy-duty processing
on the merchant site. Instead, all payment operations are handled
by Payseal's own 24x7 secure Payment Servers. As a result, software
installation, integration and management is no longer a major hurdle
for merchants and their site developers.
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Single
platform for all payment options
Payseal's unified architecture
can support the Internet's widest range of secure payment options.
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Adaptability to multiple platforms
The Payment Client software
is available for Microsoft® Windows NT™ and leading versions
of Unix.
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Optimum server utilisation on your site
The Payment Client software
connects the merchant's storefront to Payseal's services. It is
the only software component that needs to reside on the merchant's
site server, as Payseal physically hosts the rest of the software
at its own sites. This leaves the merchants' server resources free
for other tasks, at the same time allows them to accept multiple
modes of payment from your net customers.
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Fast,
easy integration
The Payment Client offers
developers and integrators of shop-and-buy applications a number
of programming language interfaces, minimising the coding effort
required. The Payment Client can be quickly and easily customised
to facilitate integration with all major merchant storefront platforms.
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Centralised and secure data management
To protect the integrity of merchant
transactions, Payseal supports the Internet's strongest security
technologies. The client software encrypts transaction information
using 280 bit RSA before passing it through an SSL pipe using 128-bit
encryption.
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Verisign certification
The gateway server is assigned
a server ID and authenticated by "Verisign", one of the leading
certifying authorities for websites.
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Automatic
upgrades and scalability
Businesses can automatically
take advantage of new payment technologies, standards and services
as they emerge, without undergoing costly and time-consuming software
changes to merchant site. Businesses retain the same interface, yet
are able to stay abreast of the latest technologies and offer customers
the widest range of options.
Top
Swift
Transaction processing.
Payseal delivers a real time, highly
scalable and reliable Internet payment platform that processes transactions
in real time.
Top
FAQs on Payseal
Top
How does Payseal work?
In a typical retail purchase
on the Internet, Payseal would work as follows :
-
The customer fills
his shopping cart on a merchant website and proceeds to check
out.
-
The transaction
information is transmitted to the merchant server.
-
The web merchant
forwards a digital order to the Payseal server in an encrypted
format. Payseal authenticates
the merchant & provides payment options and payment details
screens directly on the customer's browser over a secure 128-bit
SSL+ connection.
-
The customer provides
his Credit Card details, which is directly sent to the Payseal
server when he clicks "Pay"
-
The Credit Card
details are then switched to ICICI Bank for authentication.
ICICI Bank then transmits the message to the Cardholders' bank
for payment authorization. The issuing bank authorizes the payment,
provided the Card is valid and has the requisite credit limit,
and transmits the confirmation back to the payment gateway through
ICICI Bank.
-
On receiving the
authorisation, Payseal forwards a digital receipt to the merchant
server.
-
The merchant provides
a confirmation of the payment to the customer's browser.
The entire process
integrates seamlessly with the shop and buy application of the web
merchant The merchant may then ship the goods and capture the transaction
on the gateway server. Top
What is an Internet merchant account?
For you to be able accept
Credit Cards for payment on the Internet, you need an Internet merchant
account with an acquiring bank. For Payseal, ICICI Bank would provide
you a facility account to receive your Credit Card payments
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How do I get an Internet merchant account?
On completion of the sign
up for the Payseal services, we would assist you in opening a bank
account with ICICI Bank at any of the ICICI Bank locations across
India.
Top
Can I share an Internet merchant account with other merchants?
No, you cannot share your
account with another merchant.
Top
Can I use my existing ICICI Bank account?
If you have an existing current
account with ICICI Bank, you may use the same account to receive
payments.
Top
How can I receive payments from customers outside India?
Customers outside India can make
payments using their International Credit Cards. Payments received
from them will be credited to your account.
Top
Can I use the same account for International transactions?
Yes. Payments for both domestic
and international transactions can be credited to the same account.
Top
How can I view my account activity?
Payseal provides a comprehensive
browser-based merchant administration module. You will be provided
password protected user level access to your account details. You
will be able to generate reports that provide detailed information
about all transactions processed through Payseal. You will also
be able to administer your account through this interface.
Top
Can I continue with my current acquiring bank?
You will need to have ICICI
Bank as your acquiring bank to utilise the Payseal services.
Top
What is required on my end to connect to the Gateway?
You will need to have your
shop and buy application running on your web server. Payseal will
provide a payment client software, which will be integrated with
your shop and buy application. The payment client will act as an
interface between your web site and the Payseal server. It is essential
that you have administrative rights to your server, a Java runtime
environment and the ability to install COM components.
Top
Is there any documentation provided to operate the system?
Payseal will provide you
with detailed documentation to operate the gateway systems. This
documentation will help you integrate the payment client with your
shop and buy application. It will also serve the purpose of an operational
manual for day-to-day operations.
Top
Which platform do I need to get connected to Payseal?
Payseal's payment client
is available for all standard platforms including Windows NT, Unix
etc
Top
Getting
Started
Step 1 : Complete the Merchant
Application Form
Please click
here to download the Merchant Application Form, take a print-out
of the same, Fill it completely, attach the documents mentioned
on the form and mail it back to the attn of Manager, Merchant
Acquisition Department, 1st Floor, Zenith House, Keshavrao
Khade Marg, Mahalakshmi, Mumbai - 400 034.
Step
2 : Mapping of Client Requirements
Our
team will understand your processes and payment requirements.
map the systems and technical features. The costs are then determined
on the basis of the following three parameters :
a.
Profile of Goods and Services being sold by the net merchant
b.
Organisation Profile
c.
Estimated Revenue Projections
Step
3 : Open an Internet Merchant Account
An
Internet merchant account is a current account with ICICI Bank,
which enables you to receive payments towards captured Credit
Card transactions processed through the gateway. We would assist
you in opening an Internet merchant account with ICICI Bank
Step
4 : Technical Integration
The
Integration process commences with the download of a Payseal payment
client software. To enable technical integration, you need to
have complete administrative access to your server systems, ability
to install COM components and also a Java Runtime Environment.
Our team will coordinate the complete integration process with
your organisation.
Step
5 : User Acceptance Test
On
completion of integration, you would complete a User Acceptance
Test
Step
6 : Trial Runs
You
would need to conduct trial runs after the integration process
is completed, to ensure smooth operation of the systems.
Step
7 : Training
Your
team would receive training on utilisation of the Merchant Administration
Module, to access and process your Credit Card payments .
Step
8 : Go Live
Your
site would be Payseal enabled.
Back
POS Terminals
ICICI Bank can help merchants accept
the following Cards
Some of the leading
retail segments accepting Card payments include the following :
| Airlines |
Hotels |
| Auto Parts |
Jewellery |
| Bookshops |
Leather Goods |
| Car Rentals |
Opticians |
| Carpets |
Petrol Pumps |
| Departmental Stores |
Restaurants |
| Electronics |
Saris & Silks |
| Garment Stores |
2 wheeler & 4 wheeler |
| Handicrafts |
Showrooms |
|
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Product
Features
- Acceptance of
- Credit Cards : Visa, MasterCard
- Debit Cards : Visa Electron,
Maestro
- State of the art terminal
- Zero Balance ICICI Bank account
with cheque book
- Direct account credits to ICICI
Bank account for settlement amounts
- New network
- Fast transaction speeds
- Merchant Training on Usage and Fraud
prevention
- Prompt Service
- Access to ICICI Banks vast portfolio
of finance products for your business and family needs
- 24x 7 Merchant service desk to address
queries
- Presence in all the leading metro
cities across India
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Advantages of a Merchant relationship with ICICI Bank
ICICI Bank has a huge range of
Credit Cards on offer to customers. Each of these Cards come packed
with several powerful benefits which attract high net worth individuals
to spend and shop at premium merchant establishments like yourself.
ICICI Bank has also in place the most powerful catalogue based rewards
program that encourages customers to spend more and earn more. You
can now tap this spends by making ICICI Bank Cardholders aware
of your special offers, discount deals, promotions etc.
To understand the key
benefits that each type of Card offers click the link below. Your
understanding of the benefits will help you tailor make your offers
to the ICICI Bank Card members resulting in higher spends for you.
Advertising Opportunities
ICICI Bank provides you
advertising opportunities that's sure to give maximum mileage to
your product or service.
Just carry your advertising where it
can't be missed.
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ICICI Bank Credit Card Statement and Envelopes
Imagine a leading newspaper
reserving solus space for you, running your ad, and mailing it individually
to each of your prospective customers. Here's an innovative marketing
idea that's sure to give maximum mileage to your product or service.
Just carry your offer on the monthly statements of India's high
end Credit Cards - ICICI Bank.
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Targeted Direct Mailers
You get a direct reach to your
specific target group and you can communicate one on one with them.
You have a captive audience who'll read and re-read your message
at leisure. And since the people you are targeting are personally
addressed, there's no wastage.
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EMI Opportunities
Advertise your EMI offers
to ICICI Bank Credit Card customers interested in buying now and
paying later in installments coupled with a fantastic finance offer.
click here
to know more about our EMI offers.
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Catalogue based rewards Programme
You can also widen your
reach and popularise your products by participating in ICICI Bank's
Xpress Rewards Programme. click
here to learn more about the Xpress Rewards
Programme.
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Internet Shoppers Club
We have an Internet
shoppers club program program reaching out to all of our online
customers that you too can be a part of. Our customers visit our
site to do quite a few banking activities. Your banners can reach
out to them, directly and cost-effectively. You can also display
your products or offers to our customers and enable immediate purchase
on your own web page, which we can host and advertise on our site.
Top
Merchandising Offers
Advertise directly to our customers and follow up by transacting
with them directly, through phone, mail or online. click
here to know more about our Merchandising offers.
Top
Getting Started with ICICI Bank Merchant Services
9 easy steps to enable Card acceptance
- Please click
here to download and print the Merchant Application Form.
- Complete
Merchant Application and ICICI Bank account opening forms
- Provide
supporting documents as indicated in the merchant application
form
- Mail documents
to ICICI Bank team to the attn of Manager, Merchant Acquisition
Department, 1st Floor, Zenith House, Keshavrao Khade
Marg, Mahalakshmi, Mumbai - 400 034.
- The
ICICI Bank risk team verifies documents & visits Merchant
establishment
- Install
Terminal at Merchant location
- Train
Merchant staff on terminal usage
- Collect
EDC Acknowledgement from Merchant
- Go
live!
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FAQs on POS
Top
How does a typical Card transaction work?
Click
here for demo
Top
How do I open an ICICI Bank account?
On completion of the sign
up process, we would assist you in opening a bank account with ICICI
Bank at any of the ICICI Bank locations across India.
Top
Can I use my existing ICICI Bank account?
If you have an existing current
account with ICICI Bank, you may use the same account to receive
payments.
Top
What are the transaction charges?
There is a % fee that would
be charged towards each approved transaction that would be deducted
from the payment credited to your bank account. There is also a
fixed monthly charge if the transaction values are below a specified
threshold limit.
Top
How can I receive payments from customers outside India?
Customers outside India can make
payments using their International Credit Cards. Payments received
from them will be credited to your account.
Top
Can I use the same account for International transactions?
Yes. Payments for both domestic
and international transactions can be credited to the same account.
Top
What does
a merchant need to start accepting Card payments?
Starting Card acceptance
at your outlet is extremely easy. You will need the following to
start accepting Card payments
- Some basic financial and business
documents
- A current account with ICICI Bank
- A telephone line to be connected
to the POS terminal
To contact
us click here
Top
What documents do I need to provide for enabling Card acceptance
?
Your business would require to
provide the following documents in addition to completed and signed
copies of the Merchant Application form & Acquiring Bank agreement.
Business Details
( Any 2)
- Shops and Establishment Registration
certificate (Current)
- Sales Tax Registration certificate
- Telephone / Electricity bill
- Partnership agreement ( compulsory
for partnerships)
- Trade License
- Rent / Lease agreement
- Certificate of Incorporation
Financial ( Any 1 )
- Bank Statement
- Income Tax Return
- Balance Sheet
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