Clarity Payment Hub Providers: A Payments Hub for eCommerce (2024)

Switching to a wholesale payment hub can save you hundreds, if not thousands, of dollars every month. Clarity Payment Hub™ has the ability to integrate disparate systems with any ERP, CRM, or EMR, which all have different integration requirements. This means that the time required to install, configure, and potentially customize your integration will vary.

To schedule a demo or get an accurate estimate of cost savings with payment hub providers costs—and how much it can potentially save your company each month—please click "Ask A Question" to the right and fill out the appropriate (short) form. We'll help you find the best solution on the payment systems market and how you can implement continuous improvement for payment processing.

Our payment hub ensures that customer information is protected with encryption and PCI compliance, the highest standard for security and data protection for local payments, global payments, and corporate payments from one financial institution to the next.

PCI DSS compliance is a merchant account requirement that companies cannot store credit card numbers. To process credit card payments, companies integrate with a PCI provider, which verifies the card entered and hands a token back to the store, which refers to a specific card for all future purchases. This acts as another way to reduce payment fraud.

In order for the payment hubs to automatically batch-process orders for individual or corporate payments, the tokens for the cards linked to those orders need to be on file during payment initiation.

Clarity Payment Hub™ can be an on-premises or cloud-based modular payment solution, whatever works best for your business. With either option, you get all the functionality and opportunity of fully integrated payment systems for your business and facilitate real-time payments (near-instant payments). Depending on the size of your business, it could take just one API to connect to bank accounts and other institutions.

Clarity Ventures has been in the eCommerce and integration business for nearly 20 years, delivering over 1,300 sites and 3,000 integrations with eCommerce, CRM, and EMR solutions. Clarity provides a unique opportunity with all connection and transaction capabilities to any website, CRM, or ERP, for near-instant payments to improve payment rails.

The first benefit of an enterprise payment hub is that it provides a centralized platform for managing multiple payment channels with financial institutions, enabling businesses improve cash management and reduce complexity. It also allows for the consolidation of various payment types, currencies, and payment service providers (PSPs), simplifying the integration and management processes. Such a payment solution is also an excellent way to help prevent payment fraud.

Offerings on the payment hub market offer a unified view of all payment transactions, facilitating better visibility and control over financial data for financial institutions and bank accounts. An enterprise payments platform helps businesses deposit data to improve reconciliation processes, make payment processing more efficient, track real-time payments, receive instant payments, allow international payments, and gain insights into their overall payment performance with financial institutions.

A payment gateway is a technology that acts as a bridge between an online merchant and the financial institutions involved in processing transactions. Payment solutions help businesses securely transmit transaction data—such as instant payments—from the merchant's website or application to acquiring bank accounts, payment processors, or other institutions.

A payment platform ensures the encryption of sensitive data, verify transaction details, and facilitate the authorization and settlement processes. It enables businesses to accept various payment types, such as credit cards, debit cards, and digital wallets, and other payment types, all while helping streamline the payment rail. This can be done for local, regional, and global payments while working with multiple banking institutions.

On the other hand, payment systems are centralized platforms or systems that consolidate multiple payment channels and provide a unified view and management of various payment types. It serves as a hub for processing and managing payments from different sources, such as online channels, point-of-sale (POS) systems, mobile devices, and other payment interfaces.

A payments hub allows businesses to handle diverse payment methods, currencies, and payment service providers (PSPs) through a single interface. It often includes features like transaction routing, reconciliation, reporting, and payment fraud management. Both are necessary to facilitate global payments.