Introduction to Payments

This introduction provides the basic information that you will need to successfully process payment transactions. It also provides an overview of the payments industry and provides workflows for each process.

With

Cybersource

payment services, you can process payment cards (tokenized or non-tokenized), digital payments such as Apple Pay and Google Pay, and customer ID transactions. You can process payments across the globe and across multiple channels with scalability and security.

Cybersource

supports a large number of payment cards and offers a wide choice of gateways and financial institutions, all through one connection.

Visit the

Cybersource

documentation hub to find additional processor-specific versions of this guide and additional technical documentation.

EFTPOS

is an electronic payment system that functions has its own financial message infrastructure. The

EFTPOS

processor works alongside of ePAL (

EFTPOS

Payments Australia Limited), an Australia domestic debit scheme network. Australian financial institutions provide customers with a debit card (single network, proprietary) or a co-badged, dual-network debit card (DNDC). Visa and Mastercard are the only card types EFTPOS capability supports.

The

EFTPOS

processor operates on its own specifications and certifications. The clearing arrangements for

EFTPOS

are managed by Australian Payments Clearing Association (APCA).

The AS2805 standard is the primary source of

EFTPOS

specifications. AS2805 is the standard for cards and payments in Australia, New Zealand, and the Pacific Islands. ISO8583 is the international messaging standard for cards and payments. AS2805

Electronic funds transfer - Requirements for interfaces

is the Australian standard for financial messaging. It is used almost exclusively in Australia for the operation of card-based financial transactions among banks, automatic teller machines, and EFTPOS devices. It is closely related to ISO 8583 but pre-dates it by 2 years.

The Reserve Bank of Australia (RBA) Payments System Board is charged with promoting competition and efficiency in the Australian payments system. The board supports the issuance of

EFTPOS

debit cards and co-badged cards to customers and the provision of least-cost routing functionality to you.

Because of the RBA policy, you can choose to route dual-network cards to EFTPOS network.