Ephlux and it's LA partner planned to build a 1 stop payment processing solution that could take care of all needs of an online retail business!

According to ‘The State Of Retailing Online 2008’, a study by Forrester Research Inc, retail sales will rise 17% in 2008 to $204 billion USD, despite the economic recession. Due to this fact, every emerging or prevalent ecommerce solution would require a dependable, efficient and agile backend payment processing solution.

Though there are several payment processing solutions available, but 1 that would include all the best features of each of them, along with an ongoing improvement in its feature set is the need of the time.

Ephlux, along with its partner in Los Angeles, developed a payment processing solution that could compete with any similar solution available, capable of evolving continuously via research and analysis.

Ephlux began by analysis and research of top rated similar products in the market. These studies produced some very interesting requirements for the intended product. The target was to develop a product that fulfills the requirements of every customer wishing to setup an online business. Several key elements were identified and the following norms were finalized.

• Efficient processing
• Seamless integration with any platform/existing product
• Simple yet robust transaction engine
• Data Security
• Fraud detection & Control
• Risk management
• Financial reporting
• Flexible merchant account

The team studied and drafted the requirement specifications with the best features for the intended product.

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September 2nd, 2009 - Yet another faux passe for the day. Seems like everything is losing credibility and uptime with the global recession. What could have caused it, and how can the end user be sure that such happenings will not jeopardize all their life’s correspondence, one way, or the other?

This is a good example of the fact that people are so completely reliant on technology these days, we seem to have completely put aside the possibility of its in-operation. Have your say, people.

Formal and Casual Communication

Communication (written or oral) is important in any organization. Management employs several modes of communication to give instructions to employees regarding the company’s rules, policies, norms and culture.

There are two ways of interacting with people. One is formal and the other is casual or semi formal. There are certain pros and cons attached with both the ways. The type of communication one wants to employ also depends on the occasion. Formal communication is needed in various instances, e.g. when a subordinate is reporting to his/her superior. Similarly, when you have to make an important announcement, business meeting, interacting with clients or when CEO/President has to communicate goals to the employees, a formal way is generally preferred.

Employees can opt for casual/semi formal way of interacting with each other but it is appropriate when they are at a certain level of understanding, otherwise issues of misconduct can arise.

Ephlux IT Services help you gain and maintain your competitive edge by ensuring that your IT assets are kept aligned with your key business objectives. Our IT Services ensure that your business stays agile and innovative, remains integrated vertically and horizontally and your growth potential is liberated beyond your organizational and geographical boundaries.

To respond to the fiercely changing winds of globalization, business processes need to be regularly re-engineered, kept oiled up, and stay highly responsive. Technology has to be engrained within the business at all levels: core philosophy, business plans, strategies and processes.

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Just-in-Time Requirements analysis significantly reduces project risk and shortens development time. It ensures the most important parts of a system - as defined by the business stakeholders ‐ are being worked on at any given point in time and only defines requirements when they are needed.

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