Integrated Payment Adapter

Integrated Payment Adapter

Shopsystem and Payment Service Providers should integrated in Payment architecture

European Payment Councils (APM report 2019) report about the personalization of payment methods for customers and merchants.  The key aspects considered by Payment Service Providers (PSPs) and the presention of the competitive environment.

This Providers enter the market with newer features and attractive offers. Challenging for Merchants are:

• to keep place with more modern technologies
• meet customers’ demands
• customers who are well informed about the advancement

Consumer facing with multiple eCommerce stores and offering similar products, user experience becomes an increasingly important factor. 4500 customers by Baymard revealed 6% of consumers abandoned the cart, during checkout for not having preferred payment options¹.

Consumers value wide-range, security, and intuitive payment methods. Most importantly is an accelerated easy integration of various third-party payment methods for merchants.
Let’s understand payment integration when it comes to Shopsystem and Payment Service Provider.

What is Payment integration when it comes to eCommerce?

It is merely a system or a plugin that communicates between Payment System Providers and Shopsystem. The architecture is unique to every shopsystem and payment platform. Different Application Programming Interfaces (APIs) or platforms will need separate eCommerce solutions.

Ideatarmac support in combine multiple Payment Systems Provider and Shopsystems. Reduce of challenge to competives enviroments, time-consuming, and resource-demanding. Therefore, companies can focus on market availabilities.

Challenges for Merchants and Payment Service Providers

Like any other technology, there are challenges for merchants and Payment Service Providers.

Merchants

the PSP plugin should be flexible and compatible with their existing software or the system. Integration with multiple PSPs, managing compatibility, testing, and deployment are all strenuous activities which consume time and resources. Not to forget, constant updating of the API or, checkout updates are prone to errors. Sometimes overlapping of code leads to complexity. The future-readiness of the Shopsystem software also plays a vital role for merchants. Probably they may have to move to a better Shopsystem if that’s not the case.

Payment Service Providers

the payment plugin should be compatible with different Shopsystem as it runs on different technology stacks. Integration to each Shop system demands a separate plugin specific to each shop system. It should be effortless to integrate without merchants requiring extensive programming skills. It should also be able to sync with the transaction, CRM, future updates, and other software platforms used by the merchants. Such a possibility consumes time and resources for PSPs in the long run.

Three more common problems:

• Resource investment:
  

  Creating advanced technology needs new skill development or a dedicated IT – Team. Especially for Payment Service Providers knowledge on diverse Shopsystem Software or Platforms. Continuous advancement in these technologies are challenging amount of resource investment and can turn to an maketplace exclusion.

• Time-Consuming: 
  

  Resource investment logically leads to time consumption. Various processes, errors, and compatibility checks are dangerous. Above all, each plugin requires certification and appropriate compliance, which further delays the execution process.

• Individual service providers:
  

  Managing several service providers can be overwhelming and a secaruity risk. This controlling cost more time on paperwork and management. Understanding the requirement, customization, support from individual service providers turns out to be demanding. All the service providers should work at the same resulting in a increasing market launch.

The Integrated Solution: SDK Approach

Customer expectations are worrying without any technical obstacles. An combined approach means:

• with a standard piece of logic as a modular code
• ensures re-usability
• minimizes the need for re-coding for each new integration

This approach would mean building modules for specific features such as redirect or tokenization.

Should e-Commerce switch to an integrated or SDK solution?

3 reasons e-Commerce should switch to an integrated solution

• One Technology:
  

  –   Universal Plugin works as an interface to connect

  –   unified solution for backend updates as standard

  –   minimum configuration changes for e-Commerce solutions

  –   clear visibility of integration for multiple plugins

• Increased productivity: 
  

  –  minimal management

  –  efficient workflow process is the core advantage

  –  reduced technology burden and operational cost

  – increased productivity

• Accelerated Time:
  

  –   70% faster integration

  –   speed launch of market and significant contribution

  –   future integration without investing time on developing codes

Conclusion

Considering the fast change in eCommerce, embracing a simple technology will be advantageous. Not only now but over the long run, too. A single SDK approach or an integrated approach provides the solution that works intuitively and seamlessly for your business.

Ideatarmac offer an universal plugin that works as a technical interface for standards. It unify the whole logic of payment integration. That is 70% standardized and 30% customizable for a flexible technology . Ideatarmac support in eCommerce presence with a 3 in 1 package:

• •  Technology
  •  Solution
  •  Process

We integrate Three challenges in One Software. Support in TSP making a massive investment in skills or infrastructure change.