FTS has unveiled the FTS Smart Payments Enabling™ Solution to deliver smooth and effective card payment processing, digital merchant acquiring and revenue sharing procedures within the e-commerce and the m-commerce sectors.
FTS says the new solution automates the billing and settlement functionality of payment systems, working with payment service providers (PSPs), independent sales organizations (ISOs), online merchants and merchant acquirers to make the payment process, especially those involving multiple parties, smoother, easier and simpler to manage.
The Smart Payments Enabling Solution can also help providers and merchants to go beyond the simple and rapidly develop new and creative customized plans for each of their partners and merchants, enabling the creation of streamlined configurable pricing, payments and commissioning plans using a simple and friendly graphical user interface. In addition, the solution which supports multi-language, multi-currency in a single billing platform, enables sophisticated revenue sharing models that permit companies to provide individual, tailored payment solutions for a potentially unlimited number of partners in an environment of complex value chains.
FTS’ Smart Payments Enabling Solution provides the diversity and speed needed to fully automate and independently manage revenue sharing and settlement processes, making it possible to effortlessly deliver fully customized business logic for every partner. It also enables faster digital onboarding of acquirers’ ISO and merchant service provider (MSP) partners and merchants – each with its own business logic – supporting dynamic and flexible creation of individual contracts with an unlimited number of hierarchy levels, says FTS.
![Nir Asulin, CEO of FTS [credit:FTS]](http://www.fts-soft.com/files/management/Nir_Asulin_72_91.jpg "Nir Asulin, CEO of FTS [credit:FTS]")
“FTS has now shifted Leap Billing into the realm of card payment processing, digital merchant acquiring and innovative revenue sharing procedures,” said Nir Asulin, CEO of FTS. “The versatility of Leap Billing has allowed us to move beyond traditional telecom billing and successfully contend with the rapidly changing needs of the dynamic payments market’s business challenges, especially in regard to sophisticated new commercial models and revenue sharing schemes.”
