Late in 1997 the first internet credit card transaction through the New Zealand
banking system, was verified and cleared by BANQONIT™.
Since that time, BANQONIT has achieved both rapid growth and enviable milestones
in the e-commerce marketplace including the highest number of transactions in a
single day, and the highest single transaction amount.
As New Zealand's leading internet payment gateway, BANQONIT has been used to
pay for everything from concert tickets, tickets to test matches, parking fees and
official statistical bulletins.
What is Banqonit?
Simply put, BANQONIT is an Internet-based Electronic Payments Facility to the New
Zealand banking system. BANQONIT provides a simple, secure and low cost mechanism
for organisations and individuals to validate and process credit card transactions
in real time via the Internet
In technical terms
It is a secure, stand alone or web integrated system, for the real time or batch
mode authorisation and processing of (credit) card holder not present transactions.
BANQONIT users may enter and process credit card details directly into a secure
web page in batch mode or fully integrate their web sites to the gateway for bulk
processing of payments for goods and services. This bulk processing option is ideal
for web designers and developers who need standard HTML commands to produce e-commerce
enabled web pages.
Who is Banqonit for?
BANQONIT is ideal for any "non store based" sales or membership organisation, involved
in e-Commerce or anyone who processes orders received by mail, telephone, fax or
the Internet. Examples include:
- Retail call centres, mail order merchants, fulfillment houses and catalogue merchants
- Telemerchants where a phone operator can source an authorisation number or complete
a transaction while talking to a customer on the telephone
- Data processors who service the likes of wine clubs and subscription services
- Web designers and developers requiring standard HTML commands which they can use
to produce e-commerce enabled Web pages