Pi API: Transforming the Approach to Payment Integration
As the industry continues to advance, developers need access to payment APIs that allow them to properly adjust to these changes in a time-conscious and resource-efficient manner.
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The payments landscape has shifted a lot over the years. As the industry continues to advance, developers need access to payment APIs that allow them to properly adjust to these changes in a time-conscious and resource-efficient manner. TransNational Payments’ Pi, which stands for “Perfect integration,” is an innovative API that caters to developers’ demand for latest solutions and simple integrations in both card-present (CP) and card-not-present environments (CNP).
This API is built in response to not only the integration challenges created by credit card companies during the EMV liability shift but also the need to support payment technology of the future, such as near-field communication (NFC).
Advantages of Pi for Developers
Pi comes with various advantages, many of which the developer community has been seeking for some time. Here are some highlights:
Merchants naturally want to avoid chargebacks and fraud liability, which is what EMV helps accomplish. At this point, shifting to EMV should be a rather simple decision for any merchant. However, integrating with it, especially in a CP environment, has proven to be more difficult. Pi delivers the long-awaited CP integration, along with CNP integration, as well as additional ability to support Quick Chip technology. This is a solution for developers looking to create a true omni-channel payment experience for their clients.
Pi’s stateless components are 100% cloud-based, which makes it easier for developers to mitigate DDoS attacks by redeploying servers and redirecting traffic. It also simplifies the ability to scale API’s elements to accommodate load changes.
Despite the shift to the EMV standard, credit card fraud isn’t going away anytime soon. As a result, developers need something more future-proof that will help protect their clients. Pi is the very first gateway to utilize machine learning AI platform for smart fraud management. Its advanced algorithms help detect fraudulent transactions early and effectively.
Just like most modern payment solutions, Pi is fully PCI compliant in accordance with the requirements set by the Payment Card Industry Data Security Standard (PCI DSS).
What Makes Pi Different From Other APIs?
There are multiple solutions available on the market. To help developers decide, here are some factors that make Pi stand out:
Pi truly is a comprehensive API designed specifically with developers in mind. While some other solutions come with comparable capabilities, they don’t offer the same inclusive experience. Pi doesn’t require additional software for either CP or CNP EMV integration, saving time and money along the way.
Proprietary documentation associated with many payment processors reduces options for merchants and limits flexibility and creativity for developers. Pi, on the other hand, is a processor-agnostic API that relies on open-source architecture to help all parties achieve more.
Some APIs come with pricing structures that make them cost prohibitive for larger merchants, but Pi takes a different route. It comes with flexible pricing that can be adjusted to each customer’s situation, making simple integrations accessible and affordable for businesses of any scale.
Even the most advanced API wouldn’t be complete without proper assistance, which is why Pi is backed by a world-class strategic partnerships program that provides dedicated support to independent software vendors (ISVs), e-commerce processors, and financial institutions. In addition, it grants all developers and merchants access to in-house customer service available 24/7.
Modern web development is supposed to be all about seamless integration and flexibility. Pi makes this goal a reality by not being specifically tied to the limitations of hardware, but instead leveraging recent advances in the payment technology to continue shifting with the industry. Interested developers can view Pi’s documentation here.
Published at DZone with permission of Andrey Bobrovskiy. See the original article here.
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