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For more than a decade, Element Financial Technology has been a global leader in risk management and payment processing solutions for ecommerce.

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About Us

Since 2003, Element Financial Technology solutions have been used by global ecommerce merchants to process billions of dollars in transactions on thousands of websites. Element Financial Technology is based out of Toronto, Canada. We are led by a management team with more than a decade of expertise developing highly-complex technology solutions for transaction processing and risk management.

Your information is safe with us

We are proud to offer the highest standards of safety and privacy of consumer data. We meet the information security criteria required by the American Institute of CPA's Service Organization Control.

About Us

Merchant Solutions

Element Financial Technology provides risk management solutions, proprietary payment processing software, and fraud analytics to some of the largest merchants in the global ecommerce industry.

Merchant Solutions

PAYMENT PROCESSING SOLUTIONS

SINGLE INTEGRATION TO ACCESS LOCALIZED DEBIT CLEARING CHANNELS IN 30+ COUNTRIES.

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Element Financial's wide range of processing solutions, primarily focused on debit-based payment channels, provide API connectivity to bank transfer and localized debit clearing channels in 32 countries and are designed to meet the needs of global ecommerce merchants.

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Our payment processing solutions feature integrated treasury and reconciliation systems, which allow merchants to support a broad array of “alternative” online payment options without the complexity of managing multiple channel integrations, clearing windows, and reporting systems.

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Built on the Web Services model, Element Financial processing solutions can be integrated directly into a merchant's fulfillment, back-office, and accounting systems. Many can also be implemented as “fully-managed” Web Services rather than integrated directly into the merchant's application stack.

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Element Financial processing solutions are structured as modular software components with API connectivity to either third-party risk management services or to Element Financial' custom-configurable risk management solutions.

MANAGED PROCESSING SOLUTIONS

TURN-KEY RISK MANAGEMENT AND PAYMENT PROCESSING ALLOWS MERCHANTS TO FOCUS ON THEIR PRIMARY BUSINESS.

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Element Financial provides fully managed processing solutions, which incorporate its full suite of services, including payment processing channel access, identity verification, return risk predictive scoring, negative database responses, transaction limit management, and comprehensive real-time reporting. These turn-key solutions are delivered as Web Services integrated through a secure XML API.

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Element Financial Processing Solutions are delivered on load-balanced, high-availability systems with tier-one data and security infrastructure, 24/7/365 monitoring and support, and active intrusion and vulnerability detection and counter-measures.

STANDARD PROCESSING SOLUTIONS

PROVIDES BASIC DEBIT CHANNEL ACCESS FOR MERCHANTS WITH IN-HOUSE RISK MANAGEMENT SYSTEMS.

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Element Financial's standard processing solution provides a processing platform without any risk management or fraud scrubbing. Intended primarily for sophisticated high-volume merchants, this solution is ideal for merchants that have direct processing and risk integrations as well as extensive in-house processing and fraud management resources.

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The standard processing solution allows merchants to outsource the “processing engine” and IT infrastructure, while maintaining control of the transaction and risk management processes. This implementation requires merchants to collect and manage consumer payment data as well as maintain their integrations with clearing networks and risk providers.

IDENTITY VERIFICATION

CONSUMER IDENTITY INFORMATION AUTHENTICATED IN REAL TIME.

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Element Financial's Identity Verification service (IDV) is a multi-tiered transactional “decision engine” designed specifically to manage transaction risk in the Customer Not Present (CNP) environment. Developed originally as a component of the Element Financial Managed Processing Solutions, the solution is now offered on a stand-alone basis as an API-based Web Service.

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The IDV service is a multifaceted risk engine, incorporating geo-location, identity, date of birth, and address verification. It is based on a proprietary rules and decision engine that leverages both IP geo-location and debit and credit bureau data. Unlike most fraud tools, the IDV system is not dependent on the type of payment method being used by the customer. It can be employed with any payment type, from credit cards to bank transfers and online debit solutions.

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The solution is provided as a secure Web service that can easily be integrated into a merchant's payment process without complex system integration requirements. The merchant simply submits data through the secure API and the IDV solution responds in real time on a transaction-by-transaction basis with a positive or negative identity verification result.

RETURN RISK PREDICTIVE SCORE

CONSUMER IDENTITY INFORMATION AUTHENTICATED IN REAL TIME.

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Element Financial's Identity Verification service (IDV) is a multi-tiered transactional “decision engine” designed specifically to manage transaction risk in the Customer Not Present (CNP) environment. Developed originally as a component of the Element Financial Managed Processing Solutions, the solution is now offered on a stand-alone basis as an API-based Web Service.

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The IDV service is a multifaceted risk engine, incorporating geo-location, identity, date of birth, and address verification. It is based on a proprietary rules and decision engine that leverages both IP geo-location and debit and credit bureau data. Unlike most fraud tools, the IDV system is not dependent on the type of payment method being used by the customer. It can be employed with any payment type, from credit cards to bank transfers and online debit solutions.

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The solution is provided as a secure Web service that can easily be integrated into a merchant's payment process without complex system integration requirements. The merchant simply submits data through the secure API and the IDV solution responds in real time on a transaction-by-transaction basis with a positive or negative identity verification result.

TRANSACTION LIMIT MANAGEMENT

MAXIMIZE TRANSACTION VOLUME WHILE LIMITING LOSSES DUE TO RETURNED TRANSACTIONS.

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Element Financial's Transaction Limit Management system can be leveraged with the Element Financial Return Risk Predictive Score or with a merchant's own consumer account registration risk management logic. The system manages consumer transaction limits for the lifetime of the consumer on a given ecommerce site, maximizing transaction volume while limiting losses due to returned transactions. It is used primarily for bank transfer and debit-based channels where limit management is not an inherent component of the payment clearing channel.

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The Transaction Limit Management system is comprised of multiple transaction limit categories, each configurable by daily, 7-day, and 30-day rolling limits. Consumers are assigned to a limit category based on their initial return risk predictive score. Automated thresholds and transaction status tracking graduate consumers to higher limit categories based on positive spending patterns, or will reduce spending limits in response to negative consumer behaviour, such as returned transactions.

NEGATIVE DATABASE

REDUCE THE RISK OF FRAUD THROUGH REAL-TIME ACCESS TO OUR EXTENSIVE NEGATIVE DATABASE.

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Merchants can reduce the risk of fraud through real-time access to Element Financial's proprietary Negative Database, which has been compiled over more than a decade of high volume payment processing in the online environment and includes identity, IP address, bank account, and routing data. The negative database is payment channel agnostic and can be deployed as a fraud mitigation tool for both credit and debit-based clearing channels. It can be used as a stand-alone solution or an additional scrubbing tool when coupled with Element Financial's IDV solution.

Interested in joining our team?

At Element Financial Technology, we attribute all of our success to our people, and as we expand further into the global ecommerce and mobile payments markets, we are actively looking for enthusiastic new talent to join our Toronto team. If you are interested in any of the positions below, please send us a message.

Careers
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To find out more about Element Financial Technology's solutions, contact us today.

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