Having integrated payment technology built into your software can help set it apart from the rest. But how do you find the right provider? Where do you even begin?
Use this visual shortlist of must-haves to get on your way to finding the right payment technology partner for your software business.
2. As a software provider, you’re on a continuous quest to deliver
built-in, value-added solutions to your software customers.
Usage
Loyalty
Retention
Value-Added
Solutions
3. Payment technology that’s directly
integrated with your software
enhances efficiency and data
security for your customer base.
4. But how do go about choosing the
right payment technology partner
for your software business?
Where do you even begin?
7. Companies that are Level One PCI
certified go through regular audits to
ensure they are complying with the
Payment Card Industry Data Security
Standard (PCI-DSS).
8. Companies with Level One PCI
certification must comply with the
most stringent certification
requirements to ensure your
payment data is safe and secure.
9. By working with a Level One PCI-certified payment
technology provider, you can reduce or even eliminate
your own PCI compliance requirements.
Did You
Know?
10. When using solutions like credit card
tokenization, payment data is passed and
hosted on the payment technology provider’s
secure, PCI-compliant computers.
Sensitive data isn’t hosted or stored in the
point of sale software which takes your
software company out of PCI scope.
12. A 3-prong security approach provides the highest level of
protection for both online and in-person payments.
3-Prong Security
Tokenization
EMV
P2P Encryption
13. Safely stores payment data needed for recurring
payments by replacing the payment data with a
unique identification code
1
Reduces card fraud resulting from counterfeit,
lost or stolen cards
2 Encrypts data from the moment it enters the
point of sale software
15. Your software customers will need a
payment gateway — a secure portal
that transmits customer payment
information to the payment processor
for authorization and settlement.
16. Your software customers will also
need a merchant account
(a separate bank account) to take
credit card and debit payments.
17. Typically payment technology providers
offer gateway accounts through a separate third party, and
merchant accounts through yet another provider.
Constellation Payments offers both gateway services and
merchant accounts — providing one source for all payment
technology and support.
Did You
Know?
19. Your provider should have a comprehensive
integration plan — so that you know exactly
what is involved and what is needed to
successfully integrate your software with
the payment platform.
20. Software development kits (SDKs)
Application programming interfaces (APIs)
Thorough integration documentation
A designated integration team that works with you from start
to “go live”
Things to look for in an integration plan:
22. A significant amount of additional
income can be generated through
your partnership with a payment
technology provider that also offers
merchant services.
Be sure to ask about revenue
sharing opportunities.
Revenue Sharing
23. Have questions about selecting a payment
technology provider? …
How Constellation Payments can assist you as
a single-source provider for all your software-
integrated payment processing needs? …
Call 888.248.7060 or send an email
to sales@csipay.com.