New Rules for E-commerce – A SPN Exclusive Article Part 3

05 September 2012

When the consumer selects the CQRpay button:

1.The shopping cart software generates and uploads to the processing gateway a file containing the merchant identification as well as the invoice details.
2.The shopping cart software receives confirmation from the gateway that the transaction was received, displays a transaction number, and then closes the invoice.

At this point the merchant has an open unpaid invoice with no knowledge of the consumer’s identity.

3.The consumer then opens the PPOS and retrieves the transaction number.
4.The PPOS displays the identity of the merchant, the invoice number and the invoice details as well as a number of payment options.
5.The consumer selects the payment option and processes the payment.

Once the transaction is processed:

6.The PPOS will display the authorization number and save a record of the transaction.
7.The gateway then sends the authorization to the merchant to complete the transaction.
8.The merchant then sends an e-mail confirmation to the consumer.

The same file, passed to the transaction processor, can also be read by smartphone applications specific to the needs of the merchant. The invoice file passed to the consumer at the time of purchase can include a variety of additional information, including the ability to alert the consumer of up coming events, specials, coupon offers, etc.

If you would like a copy of the developer’s API for shopping carts, click Cart Developers.

Other Requirements

As the PPOS gains acceptance, there will be a heavy demand from merchants for specific smartphone applications, which will allow merchants more detailed communication with the consumer. Interactive smartphone applications will become the norm.

The same file can then be tied to smartphone applications specific to the needs of the merchant. We believe the shopping cart suppliers will be the ideal developers of these new applications, and as such we have a separate API that may be built into these new applications.

Once we launch our PPOS application, shopping cart developers who install our API will have about a one year window of exclusivity before their competitors launch a competitive product.


The digital wallet will protect the cardholder’s identity and will provide a new and convenient way to make purchases, both online and on multiple hardware platforms.

The PPOS digital wallet will be a welcome solution for merchants who wish to save costs on card-not-present sales, chargebacks and fraud attempts. With its ease of implementation for merchants and the inherent acceptance by consumers, merchants will benefit by using CQRPay.

The CQRPay PPOS digital wallet will become the distinct leader and will set the standard in digital wallet technology by meeting the security needs of cardholders, merchants, and card issuers.


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