has launched its next-generation Merchant Link Payment Gateway, offering merchants more flexibility in processing and managing electronic transactions. This solution now offers anywhere, anytime cloud-based batch management, advanced tokenization and point-to-point encryption. Merchant Link's Payment Gateway is a secure, high-speed payment network that connects a merchant's point-of-sale terminal and payment processors.
The gateway also includes TransactionVault, Merchant Link's tokenization technology that replaces each card number with tokens. The solution is highly flexible and interfaces with multiple point-of-sale (POS) systems and processors.
Key new features of the next generation Merchant Link Payment Gateway solution include:
- Cloud-based batch management: Merchant Link customers can now control the batch management process centrally and from any location with a secure Internet connection. This new feature will also help facilitate integrations with Merchant Link's growing list of point-of-sale partners.
- Advanced tokenization and point-to-point-encryption: The updated gateway now uses card-based tokens that extend beyond traditional, transaction-based tokens and protects cardholder data. This allows merchants to track participation in loyalty programs and other marketing analytics. All cardholder data is still removed from the merchant's IT environment – dramatically reducing the risk of a data breach.
- Easier implementation: The updated gateway is easier for merchants and POS software providers to implement because it offers a simpler message format, as well as handles settlement batches in a cloud-based environment.