What Do You Look For In and How Do You Manage a White Label Debit Card Payment Solution?

Sept. 21, 2010 - PRLog -- Let’s say that you have decided to adopt a payroll card solution for your many employees working at great distances from your office. Many employees may be in very remote locations and even outside of the country. You have bulk purchased a sufficient number of debit cards bearing your company name and are ready to use these for payroll and reimbursement of employee expenses. What do you do first and what is most important? What do you look for and how do you manage a white label debit card payment solution?

The short answer to this question is that by purchasing a professional white label debit card payment solution you will have purchased an efficient, cost saving turnkey management solution as part of the package. Day to day management via a turnkey solution will likely be easier than the current payroll and payment system.

General Considerations

Buying a properly and professionally designed payroll and payment solution will give you an end-to-end solution supporting all aspects of card use and management. A professional card management system handles information on all products, customers and merchants within one single integrated solution. It supports comprehensive management information to improve business decisions and provides risk and fraud management.
   
A well designed card management system allows the discrete, individually parameterized control of each card type and services and individualized business rules. Specific changes for card types can easily be introduced without requiring a computer specialist. A company can add and launch new cards, such as new credit, charge, debit, and loyalty cards rapidly to in order to capitalize on new business opportunities.

Expect Service from the System

A professional company that sells these cards will act as an interface with any and all major credit and debit card companies and will adapt card use to all necessary domestic infrastructures for authorization processing and bilateral clearing.

The company which offers white label debit card programs will also offer flexible hardware and software processing upgrades as scalability is major factor in a white label debit card payment system.

Expect Scalability

A white label payment system can be scaled and adapted to new or expanding business opportunities as well as new product offerings. This is a critical factor to consider when signing up for and setting up a white label system. This being successfully done will allow the customer to cost efficiently deal with short-term objectives and have the potential for future business growth and addition of new white label product types.

Look for the Versatility You Need

A professional system will provide full support of multiple currencies including the Euro, Dollar, and British Pound. Such a system will contain separate Forex conversion rules which are defined for every level of conversion. All Forex related accounting entries will automatically generated according to internationally accepted accounting. Cross-border acquiring and issuing will also be fully supported.

In general a well designed card management system will be designed to operate in a muli-national, multi-institutional environment to be managed from one location using the multi-environment capability. An addition feature will be the addition of a multi-lingual feature that can be easily tailored to local languages without additional programming. Multiple languages can be operated in the system simultaneously through an integrated dictionary function.

System Backup

This a feature that a good white label debit card system will have built in to it. Just as you will back up data for your business the white label card system will have backup capability at its processing points.

An essential feature in managing a white label debit card payment solution is to have sufficient backup to maintain business continuity in case of power network outages or natural disasters. The presence of a data recovery system is critical.

A well designed system will counteract interruptions in business activities. It will protect critical business information from being lost and will provide for minimal downtime between data transmission breaks and total system recovery. A well designed system will provide for alternate communication services in case of a power grid failure or other wide spread interruption of services. Such a system will provide for maintenance of business processes by alternative means or in alternative settings in case of informational system failure or disaster.

A well designed system will have a business system continuity management process in place to recover information assets. This system will include backup hardware, software, and transmission facilities as well as safeguards for prevention of shutdown and data loss.

Safeguards will include procedures and operational redundancy for prevention of accidents, equipment failures, and deliberate acts. Staffing, materials, transport, and separate facilities are essential.

A competently designed data protection plan will include controls to identify and reduce the risk of data loss including routine process and result assessments and audits to look at both general and specific risks. The system will be set up in such a way as to minimize any risk of data loss and to minimize the degree of loss in event of a catastrophe.

In choosing a white label payment system provider it is important to deal with a company that has a history of successful operation and has a concrete set of plans for dealing with disasters, security failures, and service loss.

The major processing facility needs to have additional data routing lines in case of a general shutdown of routine transmission facilities insure constant contact with the major credit and debit card companies that are the data backbone of the international debit and credit card system.

An independent satellite link through an always neutral country, such as Switzerland, is an ideal backup. This system should include an independent power supply. A submarine cable backup is also advisable.

Transmission is important but data storage is essential. The company handling data transactions must have at least one off site data storage facility, the first locally, and the second ideally in a different state or country from the main facility. A routine transmission of backup data is essential and a real time drill to switch services to remove bugs from the system is advisable.

A benchmark that clients should expect is 24 hours to total resumption of services and data recovery.

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