Release of September 2018

Payment: first the down payment, then the balance - enhancements

The down-payment-then-balance feature allows users to make payments in two instalments. At purchase time, when the buyer pays a part of the total, the system records a due date for the remaining balance. It will then be debited automatically at the scheduled time.

The system has been enhanced to better manage situations that cause the automatic cancelation of pay schedules because of problems with down payments (i.e., failure to pay).

Optimisation of the reconciliation system

The reconciliation system allows all the information from our payment method partners and PSPs to be processed. This system must be continually updated to manage an increasing number of partners and their specific requirements.

We are also updating the system for handling logs and improving the way they are organised. This should make it easier to verify the safe receipt of files and simplify reconciliation processes on a daily basis.

Monitoring our application using Microsoft Insight

In order to keep better track of our application and react faster in case of a problem, we have invested in setting up a connector between our application and Microsoft Insight.

Redesigning authentication

We are preparing an upgrade of the entire authentication system for the eventual implementation of multi-factor authentication, password renewal, etc.

As a first step, we have implemented a component based on IdentityServer technology. This component is now connected to the new tools we are developing and will soon be used for the entire BackOffice user authentication system.

BackOffice development

Our team is currently mobilised to implement a new revamped version of BackOffice — a more responsive version redesigned to support the latest financial services offered by Limonetik: tracking collections by transaction and future collections, providing account statements enriched with transactional information, etc.

API developments

We are currently reviewing our APIs and developing new ones in the area of account management. Limonetik wants to respond more effectively to these requirements in the complex world of marketplaces and collecting.

Other developments

Other minor updates and adjustments have been made to the current version of BackOffice and to the core business in order to optimise the platform and ultimately improve the user experience.

New payment methods

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For purchases from 100 to €3600, users can now pay in three or four instalments with the CACF (Credit Agricole Consumer Finance group) at no extra cost.

They can follow a quick and easy procedure using this new payment service to make their first payment by bank card from an Electronic Payment Terminal (EPT) and the subsequent payments by direct debit, after filling out the required forms.

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Among the world leaders in online prepaid payment methods is Paysafe Holdings UK Limited, who offers two new solutions: Paysafecash and Paysafecard.

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Paysafecash allows users to buy online and pay in cash using a QR/barcode that can be printed or sent by SMS, e-mail or e-wallet. If presented in a physical store that is a payment method partner, the QR/barcode is first scanned. It then displays the amount owed by the purchaser.

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Paysafecard works somewhat differently, requiring first the purchase of a coupon in a partner institution (e.g., the French newsstand chain Maison de la Presse). A PaysafeCard PIN is then issued along with a purchase amount (€10, €25, €50 or €100), and the card can be used in a number of online shops.

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Created by MultiBanco, MB WAY is an e-wallet that in 2016 attracted over 140,000 subscribers in Portugal.

It allows instant transfers and purchases in online or physical shops and can handle virtual MB NET cards. The MB WAY app can also be used for collecting payments from a smartphone, tablet or PC.

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The first generation of the Sodexo Pass Restaurant was introduced in 2014 to dematerialise the conventional meal voucher. A new version was launched in 2016.

The major difference between the two is the added option of being able to make a supplemental payment. For example, for a €40 amount, up to €19 can be paid with the Pass Restaurant and €21 through alternate payment methods.