About

Who are we and what do we do?

SQID Payments is an approved payment aggregator connecting to the banking system via Westpac bank and providing ecommerce, in-store terminals and mobile payments.  SQID does more than just payments with integrated multi channel payment settlements and marketing solutions to drive traffic to your website or store front.

SQID not only process payments for merchants but also set up merchants.  SQID Payments looks after everything to get you up and running as a merchant.

Is your business looking to improve its cash flow, reduce its administration overheads and grow sales? SQID Payments delivers payment solutions rather than just processing payments that support all three of these initiatives.  Our payment solutions are merchant-centric and focus on removing barriers to make payments fast and easy.

Merchant services for Visa, Mastercard and American Express

We accept card payments from all Australian banks for Visa, Mastercard and AMEX. These can be initiated by your website, SMS initiated by the customer or direct entry of card data to our Virtual POS solution on your computer or mobile.

SQID Payments is a Merchant Aggregator for Westpac bank so there is no need for a merchant account.  This means we settle funds to any Australian bank account you nominate.

Payment Marketing Tools

Payment Pages in Payment Manager – We offer an application where your business can send product or service ‘hero’ sales payment links in digital and print advertising to deliver a measurable advertising medium based on sales achieved and not just traffic driven.  The customer when clicking on the direct sales link is directed to a pre-populated payment screen that displays your company logo, an image and description of the ‘hero’ product or service. When completed the client and your business will both receive a receipt and you can access the data in your real time reporting in your merchant portal.

SMS Marketing with Direct Sales Payment Links– We offer a service where your business can send a promotional sales message to a targeted customer base and include a customized payment link that allows your customer to buy a product or service just by clicking on the link.  This directs them to a pre-populated payment screen where they can complete the transaction. When completed the client and your business will both receive a receipt and you can access the data in your real time reporting in your merchant portal.

Invoice and Billing using SMS or Email– We offer a service where your business can send invoices to a designated client billing list and include a customized payment link that allows your customer to pay for the invoice just by clicking on the link.  This directs them to a pre-populated payment screen that itemizes there bill and where they can complete the transaction. When completed the client and your business will both receive a receipt and you can access the data in your real time reporting in your merchant portal.

Transaction authentication

Authentication of suspicious transactions that may result in the card being suspended, such as card not present transactions and website ecommerce transactions.  Authentication also empowers the user to flag the transaction as fraudulent while the transaction is in progress and this allows the bank to trace the transaction source IP address to identify the potential fraudster.

How does the secure authentication work in practice?

SMS initiated transactions

The technology allows the user to enter a PIN into their mobile phone to approve remote transactions that may be initiated on websites or by the user sending an SMS. An example of existing application is an SMS sent to topup toll accounts for AirportlinkM7 tollway in Brisbane, Australia.  Similar recent uses include donations for Surf Life Saving Foundation, Cerebral Palsy League and recharges for Travelex cards.

What products do we provide to others in the transaction processing industry?

Testing tools and transaction switching solutions

SQID is the Asian region distributor for EFTlab transaction management products and solutions.

Payment processing

Payment authorization
Payment switching
Smart multi-channel settlements
Master merchant – sub merchant structures

Payment simulations

Source – transaction generators for load testing
Host – simulates host connections and responses
Hardware security module testing
EMV compliance test suite

Payment test tools

Cryptographic calculator
Card editing test tools
EMV analytics tools
HSM stress testing and statistical analysis

Training resources

Most of the tools suites can be used in a compliance training context as well as a technical test situation.

Background

The SQID product platform will enable companies to accelerate their businesses by providing “best in class” payment, marketing and security technologies with customer ease of use.

The ideal security system should cover something you have (such as a token or a mobile phone), something you are (biometrics), something you know (such as a PIN or password) and something random (such as a one-time password). We believe we are the first to deliver (and patent) all of these security features in one application. SQID Payments is a division of SQID Technologies Ltd delivering Payment Service Provider (PSP) solutions to merchants by processing financial card transactions.

SQID’s full range of customizable options are designed to;

  • Expedite global business;
  • Offer maximum convenience and flexibility;
  • Ensure maximum security by offering embedded multiple security measures;
  • Address all known mobile security threats;
  • Act as a criminal deterrent by expediting the detection of fraudulent activity;
  • Be cost effective to ensure broad based accessibility;
  • Provide end users an optimal experience.

SQID Payments is a subsidiary of SQID Technologies Ltd that was founded in 2006 and is underpinned by the belief that the success of the e-business and e-transaction model will be determined by consumer confidence. That is, consumers will be drawn to the provider who shows the highest ability to protect and secure their key information. Over several years we researched and developed a comprehensive, innovative range of SQID security measures that we believe will redefine market expectations as to convenience, interoperability, and security.  SQID has developed and patented multi-factor security technology to deliver the world’s most secure remote payment and identification solutions for mobile and internet banking, shopping and e-Identity applications.