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Euronet Essentis Acquirer
Essentis Acquirer is a comprehensive multi-currency merchant management system. Merchant accounts and their histories are stored and managed in Essentis Acquirer, giving acquiring banks complete control of the merchant accounting and settlement processes.
The multi-currency capabilities of Essentis Acquirer make it ideal for managing cross-border acquiring operations. Multi-level merchant hierarchies can be supported, and a different currency can be used at each point of the hierarchy.
Merchant service charges and transaction fees are calculated and managed through Essentis Acquirer, which also facilitates the collection of fees and charges from the merchants. Transactions that are submitted to Essentis Acquirer are automatically settled with the merchant concerned, and flexible statement options are provided.
Essentis Acquirer provides comprehensive merchant service enquiry and maintenance facilities. Fraud monitoring against pre-defined limits is a standard feature.
The following are the key features of the Essentis Acquirer Product:
- Multi-institution processing, supporting institution-level reporting and access security.
- Multi-currency processing, including the ability to specify multiple transaction and settlement currencies per merchant, and to support multi-currency merchant structures.
- Multi-language, supporting multi-language capability for end users and merchant communications.
- Multi-model, supporting merchant specific model groups used for linking processing parameters together, bringing focus to acquiring services.
- Central and cross-border acquiring, supporting settlement for country specific clearing.
- Settlement options that allow for any required frequency for the settlement of different transaction groups, with net and gross settlement options.
- Linked merchant structures, supporting the management and reporting levels for merchants in a hierarchy. Easy to use graphic screens allow the user to navigate and to drill down within structures.
- Full support for the production of settlement advices and merchant statements, with different periodicities.
- Flexible definition of transaction-based fees, including flat rate and percentage fees, and the ability to vary fees by transactions type, card type, method of capture and cardholder payment method.
- Tiered rebate facility, allowing transaction fee rebates to be calculated based on the level of merchant activity.
- An indefinite number of service fees, defined for a range of merchant services, including ad hoc maintenance actions as well as regular charges for items such as POS terminals, hot-list provision, etc.
- Support for the Acquirer Counterfeit Liability Program.
- Graphical User Interface delivered as standard.
- 24-hour availability of the system for on-line access and maintenance.
- Flexible search, selection and reporting capability through the use of SQL tools against the relational database.
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