#RFP SECURITY SERVICES FULL#

Financial requirementsДЇinancially, you will want to understand how funds will flow to you. See a list of pricing and commercial questions here. How much will the cost be, all-in, per year?Дoes the provider pay out all funds to you or do they retain any in case of chargebacks? How does the pricing vary as your number of transactions scale? Make sure you compare fully-loaded costs not just transaction fees by asking questions like: Ideally you'll want to find a provider with a superior service at the lowest cost. Some providers may offer low transaction costs but charge additional fees for hidden extras. Here, you will want to know the pricing of the service. can it support agents using a dashboard to perform reconciliation? How will the process work? What can the provider do to make processes more efficient where an integration is not possible? e.g. If not, does the provider have a REST API that your partners can use to develop an integration? The types of questionsВ you might want to ask are:Дoes the provider integrate with any of our current internal systems? (e.g. This will save you time upfront as well as on an ongoing basis. This will vary depending on what systems you use, but generally speaking, you will want to find a solution which integrates with your current internal systems. See a list of technical requirements and explanations here. In particular, you will want to know things like:Дoes the provider have a REST API that you can connect with?Дoes the API provide real-time information, or does it work in batch?Дoes the API provide webhooks on events such as payment failures? If you love your developers, it might even be worth checking out some of the more particular features of the API such as versioning, pagination and URL structure. Ideally, you will want to find a provider with a simple modern REST API, helpful client libraries, clear documentation and great technical support. These are requirements that determine how efficient and effective the provider is from a technical point of view.

#RFP SECURITY SERVICES FULL#

See a full list of payment-specific requirements and explanations here. What are the typical failure rates seen for companies that they serve similar to yours?Дo you own the user experience or does the system require the providerвЂ™s brand to be featured as well? How does signing customers up work? Can this be done over the phone? Ideally a provider will offer low failure rates, the ability to take and settle payments as often as you like and regular updates on payment statuses.ДЇor Direct Debit, the types of questions you might want to ask are:Дoes the system allow you to set-up mandates electronically?Дoes the system allow you to take payments on any date?Дoes the system inform you when payments fail or are charged back?Д¬an you take variable payments using the system?

Embedded payment pages let you maintain control but you will need to comply with onerous legal and technical PCI/AUDDIS requirements.

However, it will also mean that you will have less control over the user experience and may need to include the provider's branding in your payment pages. A hosted payment solution will enable you to take payments without needing to touch sensitive financial data. How you evaluate these answers will depend on how your business takes payments.ДЇor example, whether you prefer a hosted or embedded payment page may depend on the level of control you require over the user experience. These are requirements to do with the type of payment method. For a detailed breakdown of the kind of questions you should be asking, we recommend looking at the sample RFP. We give a high-level overview of what you should be looking for in each of these categories below. Do they meet your non-functional requirements? Do they meet your functional requirements?Дў. In general, you should be assessing companies along the following dimensions:ДЎ. As a place to start, weвЂ™ve created a sample RFP which can be downloaded here. It should also help you to get a sense of how good they are along several dimensions. The RFP process should give you a sense of how good each payments provider is for certain functional and non-functional requirements.ДЄ RFP should enable you to decide whether a payments provider meets all the requirements you have.

Rfp security services