Essentially, the SecuriLink™ System is an on-line card payment acquiring system that: -

• Receives a payment request from a host application.
• Performs all input validation on the transaction data.
• Determines card type and establishes the rules pertaining to acceptance of the relevant card scheme.
• Electronically authorises the transaction on-line with the acquiring bank
• Returns responses to the host system indicating transaction approval, referral, rejection, or error occurrence.
• Stores the transaction details for subsequent processing (batch transfer), reporting and reconciliation.

In this way, the SecuriLink™ system needs a client bank to host the system and a network of physical or virtual merchants to collect the credit card transactions. The system merely links the merchants to the Bank in an innovative and effective manner creating added value to the cardholders using the system and improving the operational and financial performance of the merchants and the client banks utilising the system.

SecuriLink™ is thus a state-of-the-art card payment-acquiring gateway for secure transactions and completion of credit/debit card transactions over the Internet or local network, in multiple international currencies. The SecuriLink™ payment acquiring gateway is easily integrated into business applications via easy to use API (Application Programming Interface), allowing quick, real-time and secure transaction authorization over a dialup, leased data line or Internet connection.

It is easy to use and very cost effective. It offers scalability, thus providing merchants, regardless of size with the ability to authorize credit/debit card transactions independently, and ensures that funds are deposited in the merchants’ account directly with real-time transaction reporting.

The SecuriLink™ system takes on the specific tasks of a very minor part of the banking system, that of connecting the merchants to the bank. This small yet critical element has for many years been neglected, and SecuriLink™ provides a modern cost effective solution to this specific issue. By integrating seamlessly with the Bank’s existing technology, in a way that minimizes its access and use of the Bank’s back end operations, SecuriLink provides Banks with a secure and reliable option to link merchants. The SecuriLink thus acts as a state-of-the-art gateway linking merchants through various channels to the Bank’s central processing systems. It does this in a manner that reduces the investment required by the bank and improves the service the bank offers its merchants and subsequently the customers of its merchants.

The following diagram illustrates the manner SecuriLink integrates with the Bank and Merchant systems.

The following diagram demonstrates the manner in which the SecuriLink™ system serves to integrate all the different elements in the electronic payment process.