2002 (Chicago, Illinois) — High volume merchants
with multiple bank accounts depend on Key IC, the leader in
high performance digital payment processing solutions, for
the most cost-effective processing through a single point-of-integration.
Key IC's Split Authorization and Settlement, Fallback Matrix,
and Cascading Payment Solutions allow merchants to direct
their transaction traffic and take advantage of the best offerings,
rates, and uptime available worldwide.
Multiple merchant bank accounts can be set to work cooperatively
in the Key IC system to automatically direct transaction traffic
to the account that offers the best authorization and settlement
rates, the lowest reserves, and/or the most advantageous account
terms through global bank authorization networks.
Split Authorization and Settlement
Recently, American Express announced that merchants who route
American Express transactions directly to American Express
can eliminate bank authorization network transaction fees.
Merchants with multiple merchant accounts utilizing Key IC's
Split Authorization Solution can save money by directing all
Visa and MasterCard transactions through one account and all
American Express transactions through a secondary account
that offers a lower American Express transaction rate.
Merchants also can take advantage of the best credit terms
and processing offerings worldwide with Key IC's Split Settlement
Solution. With the ability to authorize and settle transactions
at two different banks, Key IC merchants can process globally
utilizing the best processing tools. For example, merchants
can authorize transactions with one bank for fast and reliable
authorization, and settle transactions at another bank with
lower reserve requirements.
To high volume merchants, each minute they are unable to process
is costly. To process transactions, merchants need to rely
on both the authorizing bank network as well as their gateway.
Although Key IC is an industry leader with a 99.999% uptime
record, many bank networks tend to have a lower availability
than Key IC. This can significantly impact a merchant's ability
to process transactions.
To combat the downtime of bank networks, Key IC provides a
Fallback Matrix Solution. When processing is impossible via
a single authorized bank network, Key IC's Fallback Matrix Solution
automatically switches from a primary merchant bank account
to a fallback (secondary) merchant bank account that processes
the transactions via another authorized bank network.
The Fallback Matrix also is used by merchants with overlapping
accounts to save time and money. Within a single Key IC account,
merchant transaction traffic is automatically directed: new
transactions are processed in the new account, and outstanding
refunds or credits are processed in the closed account.
Cascading Payment Solutions
Merchants utilize Key IC's Cascading Payment Solutions to avoid
losing a sale or their merchant bank accounts. Key IC allows
merchants to direct transaction traffic to balance account
loads by setting limits for each account (i.e., dollar, transaction,
or chargeback volume).
For a demonstration of
Key IC's multiple merchant management processing solutions,
please contact a Key IC representative via email: firstname.lastname@example.org.