Retailers - faster, cheaper, more secure
transactions for you

 

payfair, the New Universal Payment scheme, is
benefiting retailers by offering more choice at the
check-out and more transparency in the costs.
Implementing payfair will ensure that transactions
are processed cheaper, faster and more securely.

 

PayFair benefits for retailers in a nutshell:

 

Transparent and low transaction costs generate
substantial cost savings.
No investment for acceptance.
Control on payment costs: choice between
guaranteed or non guaranteed payment: choice
between no authorization / authorization by card
issuer or by current account bank.
Productivity gain: by combining loyalty + payment
functions on the same card.

 

payfair is a "disruptive" innovation: the key role of
retailers is acknowledged for the first time (open
governance)

 

payfair is offering retailers the most competitive
option for card payments at the point of sale and
ensuring that transparent pricing associated with
un-bundled services is now accessible.

 

Beyond potential drastic reductions in transaction
costs for retailers in certain countries, payfair is
also promoting new payment methods that leverage
retailers' experience.

 

payfair is already partnering with a number of
acquirers across Europe to ensure you can get
access to this unique leading European solution !

While the primary issuer of cards remains the bank,
payfair is also enabling merchants to issue their own
cards if they wish.

 

payfair introduces the concept of "decoupled" debit
further than any scheme has achieved so far, enabling
merchants to issue cards linked to the existing current
account of their clients, eventually combined with their
loyalty program card.

 

payfair is indeed decoupling the notion of card issuer
and current account issuer. It is therefore permitted
under the payfair scheme to issue a card on a current
account maintained at a third party institution. As a
result, merchants (or banks) issuing cards to their
clients will have the choice to either authorize the card
based on the client information they have within the card
management located within payfair infrastructure or, in
order to minimize risks, get an on-line authorization from the current account institution which the
cardholder has linked to his/her card.

 

 

 

 

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