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Internet-based – payments can be done anytime, anywhere as
long as there is an Internet access |
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Real-time transaction processing – this means a payment transaction
takes effect instantly at the time the customer instructs the system
to do so. The customer’s account is debited the amount of the
payment and the merchant’s account is credited the amount of
the payment, less applicable fees. |
|
1Time Number – this is unique system-generated number that
the customer uses when making payment. Its disposable feature adds
security by making the number good for one-time use only. The 1Time
Number has the following extra features: |
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Maximum Amount - allows customer to set the maximum
ceiling amount for a particular 1Time Number |
| - |
Expiration - allows the customer to set the validity
period for a particular 1Time Number |
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Cardless, checkless – no need for customer to carry a card
or use a check to pay online merchants |
|
Username/Password Access – customer’s
access in getting a 1Time Number and viewing transaction listing
is protected by a valid username and password |
|
Transaction listing – provides an audit trail of transactions
done online for both customers and merchants |
