What are payment providers in Mid- and Backoffice systems?
Payment providers are integrated solutions used to process transactions such as credit cards, direct debits, or online payments. In Midoco Mid- and Backoffice, they are embedded into booking, billing, and reconciliation workflows.
How does Midoco support payment reconciliation (e.g. BSP, ARC, credit cards, suppliers)?
Midoco automates reconciliation across BSP, ARC, credit card providers, and suppliers. Payment data is matched with bookings and invoices, discrepancies are identified, and resolution workflows are initiated.
Which payment types and sources are supported by Midoco?
Midoco supports credit cards, SEPA direct debit, bank transfers, and settlement data from BSP, ARC, and partners, enabling centralised payment management.
How does Midoco comply with PSD2 requirements?
Midoco supports PSD2 by enabling Strong Customer Authentication (SCA) within its payment workflows and ensuring secure transaction handling. See PSD2 for travel companies.
Is Midoco PCI-DSS Level 1 certified?
Yes, Midoco itself is PCI-DSS Level 1 certified, meeting the highest security standards for processing, storing, and transmitting sensitive payment data.
How does Midoco support accounting and reconciliation?
Payments are automatically recorded and matched to transactions. Reconciliation with BSP, ARC, and card data improves efficiency and data accuracy.
Can multiple payment providers and reconciliation sources be used simultaneously?
Yes, Midoco allows parallel integration of multiple providers and sources such as BSP, ARC, and suppliers.
What are the benefits of integrated payment processing and compliance?
Integration combined with compliance features such as PSD2 improves security, reduces errors, and enhances transparency and cash flow control.
