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eLockbox Payment PayNow Feature
A Secure Payment Acceptance and Tracking System
Description
eLockbox PayNow is a secure, stand alone feature that captures payment information from the web. The information is stored and made available to biller agents who then authorize and post the payments manually. Customers are provided a receipt of payments to help resolve disputes and facilitate research.
Purpose
eLockbox PayNow fulfills the needs of billers who do not need a real-time credit card authorization service in order to accept web payments. Pay Now offers a service that is easy to integrate into an existing web site yet provides necessary encryption and access controls that are typical of fully integrated web sites. Security provisions include:
- 128 Bit SSL browser messaging encryption.
- Account numbers are stored using strong encryption.
- Account numbers are abbreviated to four digits after posting so they can't be fraudulently reused.
- Access to the record of payments is limited by id and password.
- A complete activity log is available.
- Credit card type and number are validated.
Billers who need real-time authorization, access to an invoice archive, an electronic remittance advice file or an electronic bill delivery and payment should consider the eInvoice Delivery Service and the standard eLockbox Payment Service.
PayNow validates data entered by the customer using variable data fields specified during implementation. Any variable data contained in the daily billing file can be utilized. This insures the payment information in the Electronic Remittance Advice (ERA) is accurate and will post correctly.
Payments can be made with credit card or from a checking account. Credit card payments are fully authorized at time of payment with both address (AVS) and card code CVV/CVS) validation. This insures the payment is good since funds are reserved from the customer's account at authorization.
Both card and check payments are included in the daily ERA and all detail and summary payment reports.
Systems Integration
The PayNow feature supports the delivery of approved payment transactions in a daily Electronic Remittance Advice file suitable for automatic posting. The format is customized to suit your needs and can be presented as standard EDI or other common posting formats. Adjustments, such as, refunds and returns are matched to their original transaction and included in the ERA file.
Benefits
The primary benefits of PayNow are:
1. Low Cost
2. Easy Web Site Integration
3. Secure Service
Feature Specification
The customer interface consists of :
- A link that may be attached to text or an image which launches the PayNow Lite service.
- A pop-up entry form to collect card and bill payment information.
- A receipt page that may be printed and saved.
The biller interface consists of:
- A sign on page.
- A search and search results page that displays and totals payments by period.
- An update page that facilitates marking payments as posted (or declined).
- A download page that supports biller payment backups, tracking and reconciliation.
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