Business Requirement of a widget payment for payment middle-wear (opuspay)
Introduction:
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Opuspay required to develop a widget payment functionality.
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As an initial step (Version 1), opuspay would integrate with a hosted page of an acquirer (Till).
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Then next opuspay would use opuspay hosted page for QR payments. (In opuspay QR payments version 2)
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In Version 3, opuspay would use their own widget for the payment.
Below is the list of business requirement.
1. Integration Flexibility: The payment widget should be designed to integrate seamlessly with different payment processors, allowing your middleware to work with a wide range of payment service providers. It should offer flexible APIs or SDKs that can be easily integrated into the merchant's website or application.
2. Multi-Currency Support: The widget should support multiple currencies, allowing merchants to accept payments in various currencies based on their target markets. It should handle currency conversions accurately and provide real-time exchange rates.
3. Payment Methods and Processors: The widget should support a wide range of payment methods to cater to different customer preferences, including credit/debit cards, digital wallets, bank transfers, and alternative payment methods. Ensure compatibility with popular payment processors and gateways.
4. Security and Compliance: The widget should prioritize security and compliance standards. It should adhere to industry best practices, including secure data transmission (HTTPS), PCI DSS compliance, and tokenization of sensitive customer information. Additionally, it should comply with relevant regulations, such as GDPR and regional data protection laws.
5. Customization and Branding: The widget should offer customization options, allowing merchants to align the payment interface with their branding elements. This includes customizable colors and overall layout to maintain a consistent user experience.
6. Reporting and Analytics: Provide reporting and analytics capabilities to merchants, enabling them to monitor and analyze their payment transactions. This includes transaction summaries, detailed transaction history, reconciliation reports, and key metrics to assess business performance.
7. Error Handling and Notifications: The widget should handle errors gracefully and provide clear error messages to both merchants and customers in case of payment failures or issues. Additionally, it should support customizable notifications to keep merchants informed about transaction statuses and updates.
8. Developer-Friendly Features: Consider offering developer-friendly features such as comprehensive documentation, sandbox or testing environments, software development kits (SDKs), and sample code to facilitate easy integration and troubleshooting.
9. Scalability and Reliability: The payment widget should be designed to handle high volumes of transactions without performance issues. It should be scalable, ensuring smooth operations even during peak transaction periods.
10. Support and Maintenance: Provide reliable customer support and maintenance services to assist merchants in case of any issues or queries related to the payment widget. This can include dedicated support channels, ticketing systems, and documentation resources.
It's essential to work closely with your development team, payment processors, and merchants to identify their specific needs and tailor the payment widget accordingly. Regenerate response.
