CCAvenue: Process in USD, Earn in Dollars

23rd December 2009 – Mumbai, India

The internet is a revenue generating opportunity that enables you to sell to customers living in the US despite being a small or mid-sized company located in India. CCAvenue, your online payment gateway provider offers not only INR but also USD payment processing services. It is the only PG provider in India to offer such a comprehensive set of payment processing services.

Features & Functionalities
With your CCAvenue USD payment processing account, you will gain the following features and functionalities:

The Widest Range of Payment Options

• Complete range of Credit Cards - MasterCard, Visa, American Express, Diners Club International and JCB Cards
• 20+ ATM-Cum-Debit Cards from the finest Indian & International banks
• India’s largest direct debit engine with 30+ Indian Net Banking options, plus 20+ Chinese Net Banking options and 3 Singaporean Net Banking options

Online Transacting Tools

• Free Shopping Cart. No need to maintain a database or complicated application servers at your end as CCAvenue offers complete Product Management and Sales Reports online 
• Bill/Invoice Payment Collection facility to send an invoice by email with details of the negotiated amount and collect the payment instantly   
• Auction Payment Collection facility to send an invoice by email to the winning bidder and collect your auction payment instantly 
• Virtual Terminal Interface enables you to collect payments from your customers across the counter at offsite locations like events, exhibitions, trade fairs and conferences, where getting an EDC/POS terminal is difficult.
• Transactions Failure Payment Collection facility enables you to collect payments for earlier rejected orders
  

CCAvenue M.A.R.S. (Merchant Accounting and Reporting System)

• Feature rich, user friendly merchant MIS
• Seamless Integration kits available in ASP, JSP, PHP, .NET etc.
• Fully customizable CCAvenue pages as per your site look ‘n’ feel
• Online currency convertor and Email/Mobile SMS Order Alerts facility available

Auto Generate Reports 

• Generate daily, 30 days/ 60 days/ 90 days turnover reports, transaction status reports, payout reports, etc. at a single click
• Download any report for any time period in Excel and CSV formats
• Track payments, refunds, chargebacks and other transactions online

Highest Level of Security 

• International Standards of Security employed to secure, store and transmit your customer’s sensitive data
• India’s first Payment Card Industry Data Security Standards (PCI DSS) Compliant Payment Gateway
• VeriSign’s SGC enabled SSL Certificate used, enabling up to 256 bit encryption, which is the most powerful SSL encryption available today   
• Daily Hacker Safe Audit of our online servers by McAfee
• Card Transaction Security Protocols: MasterCard Secure Code, Verified By Visa, American Express’ AVS, JCB’s - J/Secure
• High-end HP rack servers with a dedicated hardware firewall with an intrusion detection and prevention system hosted in one of the most advanced and secure data farms in Mumbai, India 

CCAvenue F.R.I.S.K. Engine

• Through a combination of best practices, leading technology and human interaction, the CCAvenue F.R.I.S.K. engine provides an unprecedented level of risk detection that helps you to convert more valid orders automatically and reduces both expenses and potential chargeback losses
• CCAvenue F.R.I.S.K. is an unrivalled Heuristic Fraud Detection engine that assesses etransactions using over 150 variables such as Negative Database Mapping, High Risk Global IP Address Verification, Velocity Checks, Negative E-Mail Validation, Issuing Bank BIN Number Mapping, Zip Code and Telephone Validity Check, Keystroke Speed Recording etc.
• The F.R.I.S.K. engine maps every transaction against a comprehensive negative database built over the last 8 years from fraudulent transactions that have taken place in over 85% of India's Merchants, who use the CCAvenue Payment Gateway
• All transactions are scanned for risk factors and all flagged orders are manually authenticated by our qualified 18 member strong Risk Management team

In addition to the comprehensive range of features and functionalities, you also get USD remittance i.e. you can get FIRC (Foreign Inward Remittance Certificate) certificate and NGO's can get benefit of INR remittance in USD gateway for FCRA (Foreign Contribution Regulation Act) merchant account.
  
Compulsory Sign up Requirements
There is only one compulsory sign up requirement an ‘EEFC account’ with ICICI Bank. EEFC is short for Exchange Earners Foreign Currency. This is a basic requirement when processing in foreign currencies as foreign exchange earnings received through an international credit card for which reimbursement are provided in foreign exchange may be regarded as a remittance through normal banking channels and can be credited to the EEFC account.

How do you benefit?
By signing up for CCAvenue’s USD processing services, you get the power of a US Dollar denominated online credit card and net banking acceptance facility on your side i.e. you can sell your products or services in US Dollars and earn in dollars. This will free your business from the geographical barriers and labels like "First World" or "Third World". You will also add to shopper confidence and comfort level of your international customers, which enhances returns.

To summarize, CCAvenue® offers an unbeatable package with a complete bouquet of credit card processing options, global quality service and state-of-the-art verification and security technologies, all at very competitive rates. With all the major payment options, all the tools, all in one place, all for one price and all tied together in a straightforward, integrated step-by-step process that works efficiently. By using CCAvenue's USD payment gateway services, you get a globally scalable platform to enter the digital economy in style.