Savant Merchant Management system enables Merchant Service Providers (MSPs) to manage merchants through their full life-cycle, from application processing, underwriting, account activation, terminal purchase/lease, configuration, download, etc., through to the actual processing of transactions and management of customer service events.
Savant provides these services to Banks, ISOs, Insurance Groups, and Agents. Savant's Online Transaction Processing (OLTP) and Online Analytical Processing (OLAP) technology has brought the electronic transactions industry out of the mainframe age and into the twenty-first century by delivering the finest, most versatile Executive Information Systems (EIS) available today.
Features of the system include:
- Savant Merchant Center helps eliminate losses through cross platform risk reporting, customer service information management, as well as advanced reporting and transactional analytics.
- Underwriting automates application review (and monitoring) based on metrics provided Acquirer, Processor or ISO.
- Re-underwriting acts as an early warning system for once stable merchants who come upon financial hardships.
- Risk Analysis allows underwriters to monitor transactional trends searching for anomalies that could lead to losses. When appropriate batches can be suspended before deposit to ensure proper handling before any disbursement of funds.
- Customer Payments Monitor that provides merchants with changes to card holder information in a timely, efficient and cost effective manner.
Benefits to our clients are cost reduction, reliable and secure processing platforms as well as increased working capital via merchant risk reduction system. Our focus is to partner with our clients in managing the opportunities and risks associated with maintaining and expanding their payment processing capabilities.