Emersion Systems interface with banks, card providers and other payment services providing a stable Electronic Funds Transfer System (Payment Gateway).
Credit Card, Direct Debit and other payment methods can be enabled for collection, refund and reporting, allowing your finance team to stay on top of cashflow movements. The Emersion System can be configured to match your business processes and guidelines via our Cumulus™ service provider portal.
Our EFT System supports:
- Secure credit card registration and use
- Transaction attempt, success and failure recording/reporting (for billing purposes)
- Ad-Hoc manual payments
- Automated periodic charges
- Event flags for late payments
Batch Payment processing is supported allowing multiple registered accounts. Credit cards to be debited or credited without manual entry of each transaction.
Transaction fee rules define the fees charged to the customer for transactions in the EFT System. The Service Provider defines a default rate (fee and/or % of charge) for each payment method. This can be overridden on a per customer basis.
Emersion renders details of each payment method available on the customer’s invoice with the applicable rates, so that its clear what sort of payment methods are available, and any additional charges per payment type.
Emersion also supports BPay Biller code and Reference number generation / storage per account.
Also see Reconciliation & Auditing Services and which Payment Gateways are Emersion enabled