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Transaction Processing


No matter where your store or branch is located, each transaction is processed via the PayLife Acquiring Host, in other words the PayLife data center. This enables the immediate authorization and confirmation of the authorization requests so that the payment process can be completed quickly and easily. Thus PayLife offers you 100% guaranteed payments.

The PayLife Acquiring Host also processes the clearing and settlement, i.e. the billing of the cardholder and the payment to your business.
The advantage for you: a single contact, standardized reporting, and much much more.
 

Diagram of the PayLife Transaction Processing



Every PayLife terminal is fully EMV compliant
The Single Euro Payments Area (SEPA) required that by the end of 2010 all the terminals throughout Europe support the international EMV standard, i.e. communication between the chip on the card and the chip in the terminal. Every PayLife POS terminal, whether stationary or mobile, is fully EMV compliant.