1. Eliminate fraud related chargebacks
2. Reduce processing costs
3. Cloud based solution
4. No additional hardware required
5. No amends to your existing telephony set up
6. Simple pay as you go model
7. PCI DSS Compliant
SOTpay facilitates additional authentication methods in the Card Not Present (CNP) channel. This shifts the liability to the card issuers and consequently eliminates fraud related chargebacks.
SOTpay operates as a 'Pay-as-you go' solution, which eliminates the need for initial capital expenditure. SOTpay is acquirer and PSP agnostic and because the CNP transactions are secured, acquirer “Non Secure Transaction Fees” known as Premium Transaction Charges [PTC] are reduced or often eliminated.
SOTpay operates on cloud based technology so additional hardware is not required and existing telephony solutions do not need to be altered consequently deployment is swift.
SOTpay ensures that sensitive card data does not enter the merchant environment, which gives reassurance to customers and eliminates the risk of payment card data breaches, which in turn protects the merchant from reputational damage.
SOTpay uses unique technology to facilitate a simplified approach to address the complexity of PCI DSS compliance for Telephone Payments. SOTpay removes all sensitive card data from the merchant environment, which takes the environment completely out of scope for PCI DSS.