Innovation boom in digital and physical payments in recent years

In the universe of e-commerce, elements have been combined not only at the financial and economic level, but also at the technological level. In this great ecosystem there are aspects such as: changes in the consumer behavior, e-commerce, regulations, market needs and finally, companies that process high volumes of payments on a daily basis.

Today, businesses are not only faced with having to choose a payment platform that collects on their behalf, they need to meet the needs of their target market; Offering more ways to pay, more benefits, more agility and much more security in each transaction.

All this without neglecting the in-person payment, that although the evolution of alternative means of payment are taking a large place from coast to coast throughout LATAM, they continue to be essential in the enterprise business world.

What are large retailers looking for to optimize their physical and digital payments?

• A provider who handles their requests or needs 24/7.
• A supplier that more than just charging for them, creates joint strategies to boost their business sales.
• A platform that offers the possibility of more means of payment, whether physical, digital, or omnichannel (both solutions in one).
• The opportunity to expand to other LATAM regions under the same API.
• Anti-fraud security with the most innovative tools on the global market, such as PCI v4.0, 3Ds, etc.
• Local teams for all tax regulations and compliance.

To address these pain points, at Kushki we have been improving, innovating and creating cutting-edge technology for more than 10 years to become an all-in-one payment platform; therefore, day by day we optimize our services and products; opening the doors to more businesses, more countries and more opportunities for growth, creating a cross-cutting value proposition that covers the main pain points of large companies and offers more benefits; both for businesses and for their users in the 5 countries where we operate.

Our Kushki value proposition

For enterprise businesses, PSPs, payment orchestrators, and more:

• A Latin American team with a strong presence in Mexico, Colombia, Chile, Peru and Ecuador.
• All physical means of payment: National and international cards, wallets, bank transfers, cash, QR and contactless payments, in addition to offering months with or up to 24 MSI with participating institutions.
• All digital payment methods: Credit cards, debit cards, bank transfers and cash.
• Direct relationship with brands: Enabling dispute resolution and handling chargebacks.
• Our own acquisition: Direct connection with VISA and Mastercard facilitates the transaction flow.
• Instant digital payments: Tokenization service for automatic top-ups, to improve the speed of recharge.
• High transactional volume: Up to 75,000 transactions processed per second.
• State-of-the-art technology: We own the code, so we can innovate and adapt to our clients’ challenges. In addition to serverless infrastructure and high-level security certifications, such as PCI DSS v 4.0.
• High availability with direct and redundant connections to payment networks.
• Omnichannel solution: Accept physical and digital payments under one integration.* -Secure sales: With online and offline electronic signature (PIN) for in-person and digital payments with OTP authentication*.
• Split payments: We distribute your sales proceeds according to your line of business.
• Dispersion of payments to your users: We guarantee that the end user receives their earnings in their bank account, with our API dispersion method.
• Constant support in your onboarding: Personalized treatment and fast access to support.
• Access to our own technological platform: Centralize all your charges, manage terminals and devices, consult transactions and generate reports in real time to obtain key data and make better decisions.
• Service uptime: Payment terminals with 99.9% high availability service.*

*Card payments presently available only in Mexico and Chile

Payment processing models

At Kushki, we handle 3 types of processing models: acquiring, aggregator, and gateway.

Each model, covers all our products and payment methods. The main difference lies in the specific and customizable solutions for the type of enterprise commerce that requires it.

So what makes them different?

Acquiring Model

A non-bank acquirer is a major player in the payments ecosystem that enables your technological infrastructure to help your customers accept payments without the intervention of a financial institution. With this payment model, Kushki offers the following new and better benefits for its partners and customers:

• End-to-end control on every transaction.
• A single API integration for multiple countries.
• Sell and get paid with the same payment service provider.
• Direct connection to Visa, Mastercard and more local payment networks to process direct bank card charges.
• Direct visibility to problems with issuers to provide a prompt and timely solution.
• Settlement of funds at the bank of the merchant’s choice.
• 100% cloud-based and proprietary infrastructure and technology architecture that ensures optimal availability and scalability.

How does the process of a transaction work with the acquirer model?

At Kushki, we are the first regional acquirer in Latin America, which places us as one of the acquirers with greater coverage of the region.

What benefits does the acquiring model offer to large merchants, other payment gateways and their users?

• Faster transactions.
• Improved acceptance rates.
• Increase in fraud management mechanisms and systems.
• Increased stability and traceability of transaction processing.
• More personalized service.

Learn more about this milestone in our blog

Aggregator Model

This model provides the necessary services and technological infrastructure to a business so that it can process payments with physical and digital cards.

The aggregator model manages and streamlines account opening processes for merchants and improves chargeback and refund processing times.

Gateway Model

The Gateway model sends the proceeds of each purchase directly to the merchants. Under this model, we charge for each transaction that goes to an account for the services provided. Within this model, Kushki acts solely as a technology enabler.

Unlike the Aggregator model, Kushki is in charge of reconciling the client’s values, as the resource enters Kushki’s accounts and then settles the remaining amount to the client after applying bank commissions, Kushki’s and taxes, depending on the country.

How do I know what type of payment processing model my enterprise commerce requires?

As we have already mentioned, the non-bank acquiring model it is the most complete and the one that offers the most benefits and advantages for our customers and their users. Even so, to define the model or models that best suit your line of business, transactional volume, payment needs, expansion, etc; it’s just a matter of contacting one of our advisors who will be happy to guide you through the process and propose the most convenient model for your enterprise.

Contact us here! It will be a pleasure to assist you.

Kushki goes beyond being a provider or a payment platform; it becomes the force that propels each of our customers. Through innovation, technology and the constant search for the optimization of all our processes, we work closely with our customers to ensure their satisfaction and, consequently, that of their own users.

Let’s power online and in-person payments together!* Contact us to learn more and find out how we can empower your business.

*In-person payments exclusively in Mexico and Chile**