TransNational Looks to the Future of Payment Processing

TransNational Payments, a payment processing solution and merchants services company founded in 1999, wants to brand information technology easier for pocket-size businesses to have client payments in any past, present, or futurity format. For the past v years, TransNational Payments has been working on a JavaScript Object Annotation (JSON) application programming interface (API) that makes it easier for developers to deal with Europay, Mastercard, and Visa (EMV) menu issues, latency issues, and any future changes to payment method acceptance.

The new payment gateway API will be available on March 1st. It is designed starting time and foremost to address an issue pocket-size businesses deal with on a daily footing: negotiating the switch to the EMV standard. When American Limited, Mastercard, and Visa required merchants to accept EMV or "chip and Pivot" payment methods just (or assume all liability should a customer make a fraud claim), the credit card companies didn't fully understand the technological burden they were creating for payment processing companies and the clients who do concern with them, according to Jae Haas, President of TransNational Payments.

"They didn't empathize the aftermath from an integrator perspective," said Haas. "This put businesses in a tough position to adhere to the new rules. Business owners wouldn't exist protected if there was a dispute if they did not dip that bill of fare as opposed to swipe that card. It has become extremely difficult for developers to make that transition from chip to PIN. The technical labyrinth you have to navigate takes extensive coding hours and a structural renegotiation. This has been a huge bespeak of frustration."

The JSON API

At its cadre, the JSON API is designed to simplify the process of how data is sent between clients and servers. By limiting the number of server requests, the products congenital on a JSON API can be more than adjustable and easier to employ.

"Our gateway was developed using JSON, which we believe makes information technology unique and more active since information technology is natively spoken by all web browsers and JavaScript engines, meaning whatsoever spider web browser or spider web-based technology can speak directly to the gateway if developed correctly," said Mark London, Executive Vice President of Sales and Marketing at TransNational Payments.

Also, the companies that use JSON volition argue that it doesn't compromise on discoverability, flexibility, or readability and that, because of its agility, it really makes your servers more secure considering you're able to more quickly apply new security standards without having to completely redesign what you've congenital onto your API. "There are no meaning tradeoffs they have to consider," said Haas. "They won't lose functionality to choice this up."

With the new solution, TransNational Payments' clients proceeds access to a "Simple Quick Dip EMV Solution" in ane integration. All final transactions, whether with or without a card present, are stored in the gateway, including full receipts with signatures. Countertop and mobile devices do not need to navigate around a firewall, which simplifies the setup process for developers and retailers, according to the company.

Getting Started and Moving Forward

But how about building information technology to piece of work with a retailer's own internal systems? According to TransNational Payments, the procedure non just requires little work today but it makes it easier to option upwards and rework the system tomorrow.

"From a developer perspective, we opted to accept stateless components bachelor in the cloud," said Bryan Olson, Executive Vice President of Operations at TransNational Payments. "These other companies are tied to hundreds of servers; it makes information technology a lot harder to steer the ship. We can shift with the industry and non have an outcome because nosotros're not tied to the limitations of hardware. There's no limit to what nosotros tin can offering based on this API. Nosotros fifty-fifty offer DDoS [distributed denial of service] mitigation."

Olson said another reason they decided to work with JSON is because big- scale merchants can use this API to create their own back end, which creates a more cohesive and faster environment for transferring data and adjusting the organization should the industry pivot once more, every bit it did with EMV.

"We wanted to create something that can take everything done in one place," Olson said. "If you tin exercise everything inside of ane console, it helps simplify things for everyone."

Today, the solution chip, Nearly Field Communication (NFC), fundamental fob, and even biometric transactions piece of work with TransNational's solution. "This will futureproof to support any future payment methods that may be in the marketplace or volition be," said Haas.

To prove their solution is ready for its looming March 2022 rollout, Haas' team conducted more than than 20 million stress examination transactions. When asked what put his company in the position to be if non the first vendor, and so at least among the start vendors to back up both EMV and cardless transactions in one system, Haas replied, "Nosotros had the foresight to empathise that menu-nowadays isn't going away any fourth dimension presently."