Re: knoxpayments

Hi Fabio,

A similar system in South Africa (InstantEFT) is offered by one of the
payments gateways as an alternative to card processing.
https://www.payfast.co.za/s/std/instant-eft

I think their implementation is better because the user is redirected to
their actual online banking site.
After logging in they are prompted to confirm the payment and then
redirected back to the original site.

However, this requires a few things:

   1. I believe that they have agreements in place with each bank as not
   all banks are supported.
   Therefore they had to negotiate the technical details around how the
   payment details will be passed to the bank etc
   2. The processor does take on some risk as EFT [payments in South Africa
   don't settle immediately

An ideal outcome of the web payments work we are doing will be standard way
for a similar interaction between the seller's website and the payer's
agent (bank/wallet/etc) to be completed.

Commerical closed implementations have the advantage of providing a
tangible demo of the benefits but the disadvantage of possibly being
covered by patents and commercially disincentivised from the process being
standardised.

I do think we should keep a record of these as references of how this can
be done.

Adrian





On 12 March 2015 at 02:49, Fabio Barone <holon.earth@gmail.com> wrote:

> Anyone knows these guys:
>
> https://knoxpayments.com
> https://www.youtube.com/watch?v=ZnmA1d8j0Vg
>
> What do you make out of this? Yep, it's not a standard, yep, they only
> support a hand-ful of (big) banks...
>
> cheers
>