News

Mosaic introduces processing software for card-not-present market

December 9, 2001

DEERFIELD BEACH -- Mosaic Software has introduced Postilion Integrated Payments for eCommerce (PIPE), a product designed to address the requirements of merchants and commerce service providers in the card-not-present market.

The PIPE software, which is designed to handle all the processing requirements for Internet e-commerce and Mail Order Telephone Order (MOTO) transactions, provides for real-time authorization and secure transaction processing when the card and card holder are not physically present. Payments initiated by credit cards, debit cards or checks are supported.

Due to the greater opportunity for fraud, the card-not-present market has more stringent requirements for transaction processing than card-present transactions. Because of these requirements, Postilion PIPE implements security at the network level by providing secure channels for data transfer using Secure Socket Layers (SSL).

In addition, at the EFT level, card authentication through the use of card verification values (CVV2) and address verification services (AVS) is also provided.

"Our new solution is based on the highly reliable Microsoft Windows 2000-based Postilion platform, so it is much easier to support and more flexible when adding additional payment processing capabilities, than existing products available on the market today," said Kevin Pannebecker, Mosaic's senior vice president of e-Commerce Business Development.

According to Mosaic, PIPE can handle up to 720,000 transactions per hour. PIPE also integrates fully with emerging technologies such as WAP-enabled mobile phones, the Internet and digital TV.