Beekash Payment Systems

The UK e-commerce market is Europe’s largest and is set to reach £90 bn before 2020 (up from £60 bn in 2015). But while e-commerce grows, the preferred consumer payment mechanisms are changing. The Payment Services Directive 2 ( PSD2 ) will come into force in the UK (and the wider EU) within two years and will have a profound effect on retail and commercial banking . While new payment categories like PISP ( Payment Initiation Service Provider ) and AISP (Account Information Service Provider) will transform how consumers interact with their banks and third parties, they also hold the potential to transform e-commerce. A catalyst for alternative payment methods Today, credit and debit cards in particular are the preferred consumer payment method in the UK, with card spending comprising 63% of all e-commerce payments. However, according to WorldPay, alternative payment methods will see their overall share of transactions grow from 37% to 50% by 2019. The implementation of ...

Mobile point-of-sale is transforming the retail industry in a way few technologies have done before. For small merchants , the benefits of installing mPOS technology include not just low-cost card acceptance on smartphones and tablets but also access to the value-added retail management software offered by traditional POS systems , but at a lower price. For large retailers, mPOS provides a way to improve customer service and to respond to showrooming. This guide covers the basics, including: Security PCI Cloud-based systems Ancillary services Bulky cash registers are a thing of the past for small and medium-sizes businesses ( SMB s), as smartphone- and tablet-based systems with attached card readers become more prevalent. Another benefit of these mPOS devices is that they can be used for line busting during peak store hours. While micro-merchants may find it sufficient to attach an mPOS card reader or dongle to a smartpho...

Merchants often get stuck in the lengthy requirement and process of merchant account application submission and approval. Merchant account is a service that enables any private entity, corporate business or non-profit organization to receive payments through credit cards or any other electronic payment mode . What makes this process of establishing a merchant account a bit lengthy for the first time applicants that are owner of the existing business is the lack of knowledge about the exact requirement of documentations while submitting the application to get approval. Before specifying the requirements of a merchant account, let’s have look at how merchant account get the funding from the proof of transaction: The merchant’s bank , where the merchant have the account for acceptance of the electronic transactions, gives merchant an extended line that is virtual terminal/authorize gateway to accept card or wire transactions. Now, whenever the merchant accepts an electronic tran...

BeeOOP ™ Closed Loop System Global Payment Processing Company   The e-money sector is growing exponentially day by day, and every business is trying to retain customers, through advance contracts, memberships and wallet systems. We at Beekash have much experience in implementing highly profitable financial network systems for our enterprise client, be it global payment processing, cross border transactions, e-money and wallet systems, while maintaining the highest standards of financial network security, adhering to various security standards set by PCI & ISO .     Our understanding of customized solutions, and our capability to deliver end to end turnkey solutions enables us to deliver, more robust, reliable and cost effective solutions. our in-house, solution architects, hardware integration designers, software development teams, security auditors and 24x7x365 monitoring and support workforce enables us to deliver with confidence. afte...