Payment Scenario

In the Vortex ecosystem, a payment scenario encompasses a comprehensive range of transaction types designed to facilitate seamless financial exchanges between merchants and customers:

• Authorization: The process of verifying the cardholder's account for sufficient funds or credit availability, securing approval for a transaction amount before the actual transfer of funds.
• Sale: A transaction that combines authorization and immediate fund capture, typically used for immediate purchases where the goods or services are delivered promptly.
• Completion: The final step in the payment process for certain transactions, capturing the previously authorized amount, thereby finalizing the sale and initiating the transfer of funds.
• Reversal (Void): The cancellation of an authorization or a transaction that has not yet been settled, effectively releasing the reserved funds back to the cardholder's account.
• Refund (Return): Processing the return of funds to the cardholder for a transaction that has been previously settled, typically following a product return or cancellation of services.
• Adjustment: Modifications made to the transaction amount post-authorization, which may increase or decrease the initially approved amount based on final sale conditions.
• Account Verification: A zero-dollar or nominal amount transaction used to verify that a payment card is active and valid for processing future transactions without transferring funds.

Vortex supports a wide array of payment cards, including major networks such as Discover, American Express (Amex), Visa, and Mastercard. This compatibility ensures that merchants can cater to a broad customer base, processing payments across these widely accepted card networks.

Other features

Account Updater

The Account Updater service in Vortex is a crucial feature for businesses relying on recurring billing models, such as subscriptions or membership services. This automated service helps ensure that customer payment information is always current, thus minimizing disruptions due to card expirations or account changes.

Vaulting Tokenization

Vaulting Tokenization is a security-centric feature of Vortex, designed to protect sensitive card information by converting it into a secure digital token. This process allows merchants to safely store and reuse customer payment details without exposing actual card data, significantly enhancing payment security.

Recurring Payments

Recurring Payments within Vortex caters to businesses that require consistent, scheduled financial transactions from your customers, such as monthly subscriptions, service fees, or membership dues. This feature simplifies the billing process, automating payment collection on a pre-defined schedule, thereby ensuring a steady cash flow and reducing administrative overhead.