Payment processing through Magento (1.x, 2.x) made simple with the free American Payment Solutions (APS) gateway extension. Designed from the ground up, the APS Magento Extension sends Level 3 data points automatically for the lowest possible rates with Visa & MasterCard on all Corporate Cards (B2B) and Government Cards (B2G).
A powerful Magento 2 extension enabling APSPays, Level III processing within Magento 2
The APSPays Magento 2 Extension enables level III payments through the APSPays Payment Gateway in all Magento 2 versions.
Merchants who install this extension will have the ability to enable the APS Payment Gateway as a payment method. The newly added Payment method can be leveraged on the Magento’s front end checkout page as well as within the Magento 2 Customer Profile screen to accept administration level payments.
What is Level III Payments?
A characteristic of the MasterCard and Visa credit card interchange structure for purchases using a corporate card or a purchasing card is that these transactions allow additional information to be appended to the transaction by the seller before the item works its way through the interchange system from the acquirer to the issuer.
Level III processing provides detailed information about the transaction to be conveyed back to the buying organization via the issuing bank. The most significant reason for supplying this information, at least from the merchant perspective, is that the interchange fees borne by the merchant as part of the transaction, is significantly reduced.
Level III transactions are “cheaper” for the merchant than Level I and Level II because of the lowered interchange rates they can yield. Merchants can better track and monitor purchases, which increases efficiency and reporting power.
APS’ Magento2 extension automates the submitting of all level III datapoints to the card brands; allowing merchants to know they are getting the best possible rates, at all times.
Merchant’s utilizing our APSPays Magento 2 extension enjoy the added benefit of our APSPays Customer Vault. By leveraging Customer Vault, merchant no longer must store full unobscured credit card PANs (Personal Account Numbers) on there servers, significantly lowering the merchant’s responsibility in case of a breach.
APSPays returns to Magento an algorithmic expression of the credit card that can be utilized for future payments on the customer’s profile through either the administration panel or customer checkout pages.
The APSPays Magento 2 Extension leverages the latest in security techniques to protect cardholder data. There are two main areas that cardholder data is at risk:
Magento 2 Configurables
The recipient of the APSPays Magento2 Extension can configure our extension to their individual workflow requirements. The following settings are configurable:
Customers who install our extension can manage customers saved credit card number through the Magento 2 customer screen. There, a Magento 2 merchant user can navigate to the APS tab to remove/ delete the saved credit card token form a customer’s account.
Merchants who utilize an ERP often expect end to end integration with their accounting platform. Merchant’s utilizing the APSPays Magento2 plugin can leverage Magento 2’s native API to extract APSPays related payment details on each order by evaluating the order comments. This allows partners to easily map payments to customers or even create customers and sales orders within APS’ fleet of supported ERP platforms.