certify
Home arrow Article arrow Article Detail

Value-Added Bitcoin Solutions For AR Clearing by Payment Cards and Credit Cards

Profile Image

Vandana Mrigwani

CBW -External Analyst

INDIA

Apr, 27 2021

Apr, 27 2021

likes 0 | comments 0

Article Image

Bitcoin Typically most SAP customers have must convert their Accounts Receivables (AR) into cash soon as possible to scale back their Days Sales Outstanding (DSO). They'll be using CRM or Sales & Distribution or Biller Direct module. Using our state of art automated payment card processing - customers can avail the flexibility and robustness of our integration with quite 30 leading payment gateways, processors, and acquirers worldwide involving multiple currency processing for various company codes within an equivalent production system. 

 

Some customers have must process Level II and Level III payment card data to be ready to reduce their card and bank processing fees and at an equivalent time suits the way their issuing bank accepts, say, item details - item quantity, price, taxes, any discounts, shipping charges, freight fees, parking fees, which require to be captured so on process payment card authorizations and settlements.


With expert guidance and solution what customer needs, they will assist you in implementing in your SAP system. SAP system stores payment card and MasterCard data in RAW format, and therefore the crypto library it provides isn't PCI compliant. Our tokenized solution, which matches beyond the US Dept. of Defense - suggests AES-256 encryption because the benchmark, our customer is certain to possess peace of mind that their SAP is out of scope for PCI audit and since they are doing not have RAW card data, as they host the answer in our PCI compliant facilities on SaaS. 

 

Also Read |  Getting Involved in bitcoin Trading


They even have built many add-on tools which can help the customer in several ways. One among them is that the Mass Conversion Utility may convert customer RAW payment and card data into highly customized TOKEN numbers before the customer go-live, thus making customer PCI compliant the minute they implement our solution. Our Token Key Rotation tool helps customers rotate the token every 12 months as per the simplest practices suggested by PCI Council. Here they archive the custom TOKENs and replace them with new TOKENs so on suits PCI council recommendations. Every customer is different, and their business processes vary.


There are many custom tools built to handle prepaid, advance payments or clear invoices which weren't initially charged with card payments. Supported the customer’s need, they will deliver the solutions from our wide-ranging solution sets and tools. They will also assist you to spot the right processor, gateway, and acquirer to get you the absolute best card transaction fees for your needs. Since they work with all the processes and gateways, they will guide what's best for your company, including multi-currency and Level 2 and Level 3 processing and based on your transaction volume. 


likes 0 Likes | comments 0 Comments

Profile Image

Vandana Mrigwani

CBW - External Analyst

INDIA

Comments
Disclaimer: The information is for informational purposes only.​ This advertisement does not constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. None of the information and/or content available through this advertisement is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any company, financial product, security or commodity. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses. In Making the investment decision, investors must rely on their own examination of the issuer and the terms of the offerings, including the merits and risks involved. Investments are speculative, illiquid, and involve a high degree of risk , including the possible loss of investment.