•  Reasons To Implement An Integrated credit card payment processing app with Tritan Erp

Preparing your organization and your employees with a credit card payment processing solution that incorporates seamlessly with your economic and manufacturing software can accelerate up online transactions and decrease late/missed payments which are good for your cash flow. This provides your clients the choice to pay online. This is a nice move for any business, but sometimes they shy away because of the challenges related to approving these online payments.

• What is a Payment Gateway?

A payment gateway is a remotely hosted software application that facilitates e-commerce dealers to accept credit card and electronic check payments rapidly from their website. The payment data accepted on the site are apprehended and securely conveys the transaction data to an ethical financial bank to process and deposit funds into your dealer's account

The payments are then deposited into your bank account. Some payment gateways moreover comprise a virtual terminal which enables dealers to utilize an optional way of collecting online payments. By Utilizing the payment gateway virtual terminal, the dealer can also assess the transaction data of various customers.

Some payment gateways have an automatic recurring billing choice too, so dealers can submit recurring payment data. Once the transaction is submitted, the payment can be repeated based on a selected duration. Transactions that were accepted utilizing the automatic recurring billing choice can be a gin done on a monthly, trimonthly, semi-annual, and annual basis.

In the online e-commerce business, payment procedures are quite tricky.  The main questions that come when we see a brand in the e-commerce category of the online product, what do they mostly sell, and many other questions that come to our mind.

Many e-commerce dealers are often confused as to how to charge for their e-commerce services and/or products? How to enable shoppers to pay online utilizing their credit cards? The answer couldn't be simpler; you require an ERP with the proficiency to receive online payments through a Payment Gateway.

Whether you operate a B2B or B2C online website, we highly propose you for  integrating your e-commerce business with some of the best payment gateway procedures tactics as mentioned   below:

1) ERP system: automate manual procedures and exclude manual mistakes.

2) Payment gateway: select prudently and give payment choices.

3) Delivery service: Integrate with pre-selected couriers to provide your package on time as guaranteed to the customers. This integration is more than just a normal e-commerce delivery.

4) Marketing: sell your products on Facebook and Google. Have feeds to comparison or auction websites. Support your customers with online reviews, live chat, email marketing, and suggestions – enable them to help themselves and they will come back for more shopping.

 Integrate your  e-commerce website  with Tritan ERP

1. ERP system integration

As an aspect of an omnichannel solution, Tritan ERP integration is essential. There are so many explanations as to integrate it with your current ERP system. Some excellent deployment of Tritan ERP -

• Transferring your business data to your e-commerce website is easy.

With an ERP integration, all your current product information like pictures, product description, and stock levels, automatically reveal about your website. The same goes for clients' data like account history, usable credit, particular pricing, or volume discounts. It functions in both manners. Any data penetrated on your website, like orders or shopper details, is rapidly accessible in your ERP system too.

• Products availability is understandable to your buyers.

• The loop of real-time data between your ERP and your website suggests that mistakes in inventory levels become are a thing of the past. As Tritan ERP ensures no real-time manual mistakes.

• Product instabilities are easy to rectify.

No more manual updates or sending out excel spreadsheets to clients. Clients can glimpse their customer-specific product payments 24/7.

• Customised product pricing and payment rules are simple to execute.

• Stipulating terms around pre-negotiated products tes and payment choices for individual customers is simple.

 What Are Challenges Encountered In Processing Online Payments?

1) Growing Cases of E-commerce forgery

In recent years we have noticed massive companies like Amazon, Flipkart and Yahoo get hacked, putting crucial customer data (and their reputation) in danger. Companies are no longer prudent with just a physical safety system (lock and key) because most of them have a virtual presence too. This makes it susceptible for hackers to breach and access customer-sensitive data and details at any moment.

Companies need a solution that can filter their payments safely, securely and keep their customer data protected.

2) Problematic Compliance Requirements

Linking back to the initial challenge, in their search to discover means to fight fraud, financial institutions and various banks, credit card firms, and governments have had no option but to stringent, while making the rules and regulations that organizations have to obey while making money transactions. Without the right payment solution, acknowledging these regulations can become frustrating and expensive.

3) Integration Requirements Of The Payment Gateway  Business

In their endeavors to conserve money, company owners frequently shy away from investing in new technology that can effortlessly combine with payment processing apps that stimulate business efficiency and conserve time. This leaves them with their old legacy systems of payment systems and their patchwork of chaotic procedures to link numerous parts of their business like inventory, accounting, payments, project management; jointly.

The additional challenge that small companies face is that despite having promoted systems they do not have the wealth of expertise to utilize the APIs for customizing and incorporating the payments system with their e-commerce business systems.

4) Surging Customer expectations

People are familiarized while purchasing all types of brand goods and services online – clothes, airline tickets, food, haircuts, massages, etc., and have come to anticipate the exact user experience and payment alternatives from other E-commerce companies too. Manufacturing companies always struggle to maintain pace with what their clients want from them and what their clients anticipate and thus they must deliver to stay robust in the e-commerce market.

5) The Complete ERP  Solution

If you are one of those businesses who need to retain a robust edge and are ready to adopt new technologies but are skeptical to take the risks implicated with accepting, processing, and documenting sensitive customer credit card details, we can assist you to put your all your doubts and fears to rest.

The biggest purpose of having a built-in payment processing system is that it is PCI compliant and gives tokenization which jointly gives high-grade security for all your transactions. An integrated payment processing solution moreover suggests that you can take payments immediately in your ERP system, which eradicates double data entry and lessens the likelihood of human mistakes. It develops a single, safe platform for earning payments across your enterprise and assures that you get paid rapidly with secure, automated transactions.

• What are PCI Compliance and Tokenization Procedures?

The Payment Card Industry Data Security Standard (PCI DSS) was established in 2006, in response to heightening data stealing, for organizing the security of credit cards. The 5 biggest credit card brands—Visa, MasterCard, Discover, American Express, JCB— executed the security criterion to deter customer and bank data violations. All businesses that process credit card data must retain PCI compliance, irrespective of their size or the volume of credit card transactions they usually process.

• Tokenization

It is the procedure that digitally transforms sensitive data to a token that has no significance outside a certain gateway system. The gateway system that gives the tokenization assistance has rigid security and utilizes the best procedures to reserve, audit, authenticate and ratify payments made utilizing credit cards. An easy example of this procedure is the transformation of real money into digital chips. Suppose, in a club some digital chips get stolen.  The stolen club chips cannot be utilized to buy goods or services and therefore, have no value outside that certain club.

Tokenization is additionally safe than encryption because a token cannot be mathematically overturned into useful data. With encryption, data can be transformed back into its original format with the precise key, and hackers have developed intricate programs that can decipher encrypted data.

• Advantages of Integrating with Tritan ERP  Payment Processing Solution

There are a plethora of positive advantages to incorporating your  Business with our Tritan ERP payment processing solution. Some were already mentioned in the blog above like being prepared to automate your procedures which saves time and lessens manual mistakes. Furthermore, you get equilibrium also while knowing that the transactions and the sensitive data will be safe and secure  Here are some more:

1) Boosts your earnings  – Customers adore having many options and when you give an additional procedure of payment, they will gladly utilize it if it suits their desires.

2) Lessens the risk of security infringements – It gives fraud supervision and bank-grade security. PCI compliance decreases the possibility of a breach and the desire for an audit. Tokenization and access to numerous payment gateways give another covering of security.

3) Supports numerous credit cards in a single transaction – this provides customers the flexibility to make their payment by utilizing various cards if they don’t need to put the whole payment on 1 debit card.

4) Provides automation & conserves time – You can receive credit, debit, and ACH payments directly in Tritan  ERP along with your credit card details automatically, and update in your system. This conserves the time and endeavors it takes to manually enter payment details into your system.

5) Stimulates customer faith in your brand  – Customers are becoming more comprehensive and conscious of compliance methods and legislation. When they glimpse that your payment solution is PCI compliant, they will trust your company which will facilitate more customer commitment towards your brand.

6) Avoid costly data infringements – Data breaches are expensive and cause the loss of customer confidence. Expenses can include paying fees, reimbursing shoppers for their loss, investigation and audit expenses, lawsuits, etc. PCI compliance and tokenization help your gateways to prevent these expenditures.

7) Facilitate payment processing – Since payments are taken promptly in our Tritan ERP  system, it streamlines the procedure and boosts its efficiency.

8) Imagine having to handle a cyber-attack and losing a database that comprises credit card details that haven’t been tokenized. It can put your client’s data and your prestige on the line.

 But, our Tritan ERP solutions are obedient when it comes to following security protocols, so you get fraud insurance and bank-grade safety, eliminating your liability in case of a data infringement. In case of a data infringement, the perpetrators will only get access to worthless tokens that cannot be converted back into customers' credit card details.

Conclusion -

Tritan ERP is a prominent provider of ERP software solutions that enable you to prosper with our payment gateway that can process manufacturers and streamline customers' transactions smoothly. Also, it can scale up production while decreasing expenditures and complying with ever more strict regulatory authorizations. Tritan ERP is a transnational provider of market-leading, industry-specific software, and services concentrated on the E-commerce, manufacturing, and distribution companies.