Optimal Payments to offer payment and fraud management extension for Magento merchants

Optimal Payments will begin to offer their payment processing and fraud management system as an extension to eBay owned Megento’s clients.

Optimal Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term system will help reduce fraud by holding, flagging, and denying suspicious orders.

The new extension, available for free on the Magento-Connect extension store, will allow users to integrate Optimal Payments' NETBANX payment gateway. The NETBANX gateway seamlessly integrates Optimal Payments’ ThreatMetrix fraud prevention and management system, and will automatically reduce the amount of incoming fraudulent orders.

The system also allows for operational tasks such as order hold and release capabilities, as well as allowing refunding, cancelling and crediting of orders. All of these features are accessible directly through the Magento Ecommerce platform.

Optimal Payments’ solution will provide a PCI-level-1 compliant environment, and they will store all card data themselves, therefore significantly reducing PCI Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term requirements from Magento merchants.

In addition to providing the new comprehensive extension, Optimal Payments has also become a Magento Silver Industry Partner. The Magento Silver Industry Partner program will allow optimal payments to reach, market and provide solutions directly to Magento’s Ecommerce platform developers.

"The Optimal Payments Extension offers Magento clients of all sizes access to our international payment processing capabilities, multicurrency support and global fraud management tools. Furthermore, our integrated ThreatMetrix service will help merchants minimize their losses while providing a positive checkout experience for their legitimate customers.” Added Martin Leroux, Optimal Payments’ Chief Business Development Officer.