Credit Card Processing Software Features

There is hardly a business today that does not use credit card processing software of some sort while credit cards have turned into a preferable payment method nowadays. There a lot of different payment processing solutions available at the market. All of them have some unique functionality but still, there are some standard features which any payment processing software should possess. Let’s try to define them.

Any modern credit card processing software should support:

• different card processing levels (e.g. level 1, 2, 3 processing);
• industry specific features (e.g. restaurants (payment includes tips), lodging (incremental authorization), etc.);
• different types of transactions (e.g. card-present and card-not-present transactions);
• different types of cards (e.g. credit cards, debit cards, gift cards).

There might also be some advanced features, for instance, international transaction processing mechanism (different currencies, different locations), chargeback delivery and disputing mechanisms, etc.  

Do you want to see the example of credit card processing software which combines both standard and advanced features? UniPay Payment Management Platform is a great example of such a solution. Additional information on payment processing software features can be found at our blog #Paylosophy.