Payment Integration Check List

Many ISVs have to approach payments processing on a per-client basis. For example, a large corporation with multiple locations requires different solutions than a small cafe. To deliver the right features for each business, create a payment integration checklist for your projects. Here are a few things you should include:

1. The Right Payment Types

The first step in integrating payment technology into your business management software is to know what kind of payment types you need to support. The more payment options you provide, the more flexible and future-proof your solution.

• EMV and magstripe card readers
• NFC devices
• Mobile device payments
• Online payment apps
• Digital wallets
• ACH debit transactions

The trick for ISVs is to maximize payment options for clients but also minimize development time. For a restaurant point-of-sale, including ACH debit transactions may be overkill. On the other hand, credit card processing, ACH and mobile payments are absolutely essential. A 2019 survey revealed that almost 1/3 of Americans would like to pay with their smartphones all the time.

2. Payment APIs

The next decision your team needs to make is the type of payment integration tools to use. Whether you need a SOAP API or prefer a RESTful API, all payment features should be easy to add to your integration.

• Tokenization
• Transaction reporting
• P2PE security
• Mobile Payments
• Frictionless Boarding

Looking for more customization? That’s where a REST API can help. If you’re creating complex enterprise-level software that needs to process, track and send data, a REST API provides more control over what features to include and how.

3. Trustworthy PCI-DSS Compliance

It’s essential for SaaS providers to ensure that consumer data stays secure. At the same time, merchant customers want you to minimize their PCI-DSS involvement. Tokenization can be a big help since it allows for recurring payments without storing any credit card information on the client’s system.

At Paragon Payment Solutions, we offer simple and secure payment solutions for your customers, including tokenization, mobile payments and P2PE encryption. To learn more about our developer tools, contact us today.