What is Dynamic Processing?

Traditional processing is limited in what it can offer consumers in the form of features, benefits and capabilities. This limitation stems from the binary relationship between the consumer’s account and the card it is linked to. Every card has a single account from which the card draws its purchasing power.

Dynamic Processing is like a social network for your card. It creates a relationship between you, your card and ALL of your accounts, memberships and traditional cards and can connect and consolidate all of the benefits through a Personalized Processing system that is “DYNAMIC” in the way it communicates and learns.

Dynamic Processing opens the doors to limitless capabilities and features for cards and changes the way money can move.

111.png
shadow.png
 

Traditional Processing vs. Paywith Processing

Group 4393.png

Traditional Cards Inside Mobile Wallets

Response

Authorization

Group 4427.png

Network

Traditional Processor

Merchant Terminal

Acquirer

Account

Traditional Processing

Rectangle 66.png
Group 4405.png

Dynamic Processing

Response

Authorization

Group 4352.png

Network

Dynamic Processor

Merchant Terminal

Acquirer

Real Time Payment Gateway

Traditional Processor

Merchant Coalition

Points Bank

Corporate Funds

Prepaid Funds

Paywith powered cards inside Mobile Wallets

vs

 

App & Portal APIs 

These APIs are designed to allow developers to create mobile payment applications and online portals and websites that leverage the Dynamic Processing Engine and it’s associated marketplace.

phone card.png

mCards Dynamic Processing Engine

A powerful processing engine underpinned by an entire ecosystem of partners and APIs for innovation.

Group 4458.png

Rules Engine

Notifications

Analytics

Billing

Rewards

Fraud

Processing

Platform & Processing Related Integration Services

Group 656.png

Add-on Service Provider Marketplace (Roadmap - 2020/21)

Payment Network Transaction APIs

In a traditional payment transaction there are 4 standard parties that connect together to approve and decline transactions through a complex web of banks and issuers.

 

Paywith's Dynamic Processing Engine connects directly to the Issuer's Processor to transform traditional processing into Dynamic Processing for any card. 

 

Dynamic processing turns traditional cards into "mCards". 

 

1

Merchant runs customer’s card via payment terminal.

2

Acquirer sends payload to the corresponding network.

3

Network sends payload to the corresponding consumer’s card Issuer for approval.

4

Typically, Paywith receives the Payload for authorization from the Issuer’s processor, CLS provider, or direct from networks.

8

7

6

5

Group 4483.png

Issuer's Processor

Via Cardholder's Bank

Consumer

Cardholder

Terminal

Merchant

Merchant's Bank

Acquirer

CC Company

Network

Dynamic Processor

Paywith

Acquirer sends approval back to the merchant’s terminal.

Network sends approval back to the merchant’s acquirer.

Issuing processor sends approval back to the network.

Approval sent by Paywith to Issuer.