Oracle Payment Processing: Everything You Need to Know


A Guide to Credit Card Processing in Oracle

It’s no surprise that a lot goes into running enterprise businesses, including but not limited to human resources, accounting, inventory and order fulfillment, customer relationship management. There’s so much more.

To keep track of it all, many organizations take advantage of robust business management tools to combine these processes into one streamlined platform. Oracle has two popular business management systems called Oracle E-Business Suite and JD Edwards.

What you might not know is that Oracle does not process transactions in Oracle E-Business Suite or JD Edwards. However, the global information technology and services company does partner with credentialed organizations to integrate secure payment processing services directly into Oracle E-Business Suite or JD Edwards. So, why should you consider integrating a third-party payment solution into the application? Keep reading to find out.

Back to Basics. Why Oracle?

Oracle has some of the most popular software application suites used by companies across the world to simplify business operations across all departments. Its Oracle E-Business Suite and JD Edwards offerings consist of enterprise resource planning (ERP) tools, customer relationship management (CRM), and supply-chain management (SCM) software programs. When it comes down to it, Oracle provides its customers with two excellent sets of all-inclusive application suites to manage every aspect of its business, eliminating the need to use multiple programs to do so.

Oracle Validation Program

The Oracle validation program was designed to ensure that third-party solutions, like payment integrations, are able to perfectly complement Oracle’s “on-premise” applications. To be included in the program, pre-built integrations must pass rigorous tests proving that the integration won’t break during an upgrade or regular maintenance and that it can be deployed without altering native Oracle coding.

Oracle Payment Processing

Oracle combines multiple programs into one easy-to-use solution, but does not process credit cards. Why is that? Simply put, the organization doesn't want to take on the risk of transmitting or storing sensitive data within its systems or maintain all of the industry credentials that are required to ensure secure payment acceptance. So, why would its partners?

In addition to creating a seamless digital experience for both you and your customers, integrating with an Oracle-validated payment processing solution yields some pretty significant benefits.

Simplified Acceptance

Integrating payment acceptance into your Oracle application suite through a validated integration will enable you to manage your business and securely process payments, all within one platform. Your transactions will be easily reconciled inside your current software, meaning you’ll never have to enter a transaction twice again. By combining an integrated payment solution with Oracle, you’ll be able to process different types of transactions in one easy-to-use solution.

Data Breach Protection

With data breaches on the rise, it’s more important than ever to ensure your payments have the highest level of security to protect both your customers and brand reputation. By integrating a secure payment solution into Oracle E-Business Suite or JD Edwards, you’ll have peace of mind knowing your transactions are always optimally protected. For example, CardConnect’s comprehensive enterprise security platform uses powerful features like point-to-point encryption (P2PE) and tokenization to secure sensitive cardholder data for the ultimate fraud protection.

PCI Scope Reduction

Integrating a secure payment solution into Oracle’s ERP systems will allow you to drastically reduce your PCI scope and the administrative time spent on Self-Assessment Questionnaires (SAQs). In the case of CardSecure, our PCI-validated P2PE solution encrypts data at the point of interaction. After data is encrypted, it is assigned a randomly generated token that is specific to the given customer. The tokens - not the card number - are stored in the Oracle’s payment tables, ensuring that your environment never touches sensitive card data. By securing information this way, you can be sure that you are properly protecting cardholder data and maintaining PCI compliance for your business.

Interchange Optimization

Put simply, interchange costs are the fees businesses must pay to process credit cards. These costs can be significantly lowered by integrating with a payment solution that offers interchange optimization. CardConnect aggressively manages interchange rates and has built technology to automatically include Level II and Level III data with a transaction, meaning big businesses receive the lowest rate possible every time.

Everything you need to know about Oracle Payment Processing - illustration showing flow of CardSecure payment processing flow

Using an ERP system like Oracle, especially when coupled with an integrated payments partner, can help your business grow and operate as efficiently as possible. CardConnect’s solution is Oracle-validated, meaning that no modifications to Oracle are required to implement the solution. To learn more about our Oracle integration, click here, or get a conversation started with us here.

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