IRIS Payment Gateway is the ecommerce payment gateway solution by TPS which provides merchants with a comprehensive means to secure payments through a number of instruments including cards, mobile wallets, internet banking, and OTC payments. It provides role-based portals for banks, merchants and customers with different features to enable self-service and efficient operations. Also compliant with PCI-DSS.
It is a purpose-built solution to take care of the needs of any business wanting to setup an ecommerce platform for its rapid expansion. It comes with built-in support for acquiring multiple instruments through multiple integration methods including page redirection, APIs, mobile SDKs, merchant plugins for multiple platforms and hosted checkout. All this is complimented by a sandboxed environment to allow all types of merchants to test their readiness to integrate with the system.
Trust is a big challenge for ecommerce businesses these days and for any ecommerce platform wanting to establish itself in an emerging economy, establishing customer trust is of paramount importance. IRIS Payment Gateway comes with a comprehensive escrow solution to allow both customer and banks to choose the release of funds against orders. This allows the customers to purchase online using digital instruments but release the payment to the merchant only after they are satisfied with the quality of the product.
The solution is future proof as it comes with ready support for tokenization, integration with a fraud system, PCI DSS compliance, active-active cluster support for high availability and many other features necessary for long-term success of an ecommerce platform.
Protect Buyers and Sellers with Escrow Payments
Escrow account helps limit seller’s risk of goods being stolen without payment. It also lowers buyer’s risk of funds being paid and goods not being delivered. Here is how it works:
- Buyer initiates a purchase and funds escrow account.
- Once buyer’s payment is in escrow, seller delivers the goods.
- Buyer approves goods after inspection (or initiates a dispute).
- Escrow releases payment to seller and transaction is complete.
Key Benefits
Diverse Payment Instruments
Flexible Integration
Escrow
Efficient Administration
Support For Domestic Schemes
Security Compliance
What Our Clients Say
“IRIS Payment Gateway has enabled JazzCash Online Payment Gateway to bring convenience to the people of Pakistan. As online shopping is now more convenient and secure, the ecommerce industry is taking off in the country and JazzCash is proud to be playing a key role in helping the industry shape up.”
