Dynamics AX Online Payment Services Expiring – Replacement

Featured

Dynamics users will need to make a major update soon. Effective January 1, 2018, Payments Services for Microsoft Dynamics ERP Payment Services, including any versions of Microsoft Dynamics AX, will be discontinued and users will be unable to process credit or debit transactions after December 31, 2017. CenPOS, an enterprise payment engine, offers an integrated alternative that works seamlessly with both AX and third party applications like Magento ecommerce.

Vendor selection for replacing Payments Services will directly impact profits, efficiency and customer experience. For example, how customers receive, retrieve, and pay invoices are all part of the payment processing ecosystem. Businesses will need an Integrated Service Vendor (ISV) with a PCI Compliant integrated payment gateway. Solution functions, and how they interact with Dynamics AX, varies widely by integration.

Payment processing is a specialized niche that ERP, ecommerce, and business consultants rarely have the in-depth knowledge to advise businesses of best options. In fact, significant new changes have been announced; for example, new requirements for recurring billing to include a unique reference to the initial authorization.

“The Payment processing knowledge gap has been exacerbated by an onslaught of new financial, card brand, and compliance rule changes that show no sign of letting up.” Christine Speedy, CenPOS

CenPOS, an enterprise payment gateway and merchant centric cloud processing platform, is an industry leader in payment processing globally. One of the first to market with both US EMV chip and pin, the CenPOS omnichannel solution maximizes cash flow and profits across all sales channels while improving the customer experience.

CenPOS Dynamics AX Fast Facts:

  • Payment types: Accept Check, ACH, credit card, wire, cash, Paypal (Varies by sales channel)
  • Sales Channels; Retail (US & Canada EMV), Electronic Bill Presentment & Payment (includes hosted customer invoice portal and automated collections), Ecommerce, Online Payments, other
  • Compatibility: Agnostic- works with most processors, including First Data, Chase Paymentech, Moneris, WorldPay and others.
  • B2B: Certified for level III processing all channels, including retail, a critical element in managing interchange rate qualification, the biggest cost of credit card processing.
  • Availability: Global

See CenPOS Dynamics AX integration in action here: video overview

CenPOS is a merchant-centric, end-to-end payments engine that drives enterprise-class solutions for businesses, saving them time and money, while improving their customer engagement. CenPOS’ secure, cloud-based solution optimizes acceptance for all payment types across multiple channels without disrupting the merchant’s banking relationships.

CenPOS SALES CONTACT: Christine Speedy, cspeedy AT cenposreseller.com 954-942-0483. Dynamics consultants encouraged to contact us to learn more.

Link: Microsoft Official Notice

On Milestone Anniversary – Vantiv Rings the NYSE Closing Bell as the #1 U.S. Merchant Acquirer

Vantiv marks its 5 year anniversary as a publically-traded company by ringing the closing bell at the NYSE and by being named top payment processor by transactions.

CINCINNATI, March 16, 2017 – Today, Vantiv marks its five-year anniversary as a publicly-traded company with the ringing of the Closing Bell at the New York Stock Exchange. CEO Charles Drucker – joined by some of Vantiv’s most passionate and dedicated team members – will ring the bell at 4:00 pm ET.

top acquirers in the U.S. 2016

Coinciding with this momentous occasion today, The Nilson Report will publish its annual U.S. Merchant Acquirer Rankings, which will show that Vantiv now processes more domestic debit and credit transactions than any other acquirer in the United States.

“This is the first time since 1996 in which a new company has come out on top based on this metric,” said David Robertson, publisher of The Nilson Report. “Congratulations to Vantiv on its success and its five-year anniversary.”

“I always say our success is our people,” said Charles Drucker, president and chief executive officer at Vantiv. “Over the last five years, we have grown dramatically and achieved many milestones thanks to our employees’ relentless hard work and winning attitude. Nilson’s new rankings – published at our five-year anniversary – clearly validates that we are on the right track with a bright future.”

For more information on the U.S. Merchant Acquiring Rankings, go to The Nilson Report, www.nilsonreport.com, one of the most respected sources of news and analysis of the global card and mobile payment industries.

Lodging Authorization Rules Change 2017 – Chargeback Prevention Tips

online booking credit card fraudIn October 2016, Visa quietly announced sweeping changes to rules for card not present transactions in the lodging industry. With online booking technology updates, hotels can increase profits by complying with the new rules, including for guaranteed reservations. Failure to comply may significantly increase financial risk.

A core concept is valid “authorization”, which impacts merchant rights and potentially credit card processing rate qualification. An invalid authorization equates to a no authorization. Card issuers will be within their rights to use reason code 72 and chargeback, or ACH, the funds from merchant bank account on the next settlement day, for failure to comply with the rules. This is a significant change, as in the past, hotels would respond to cardholder initiated disputes, a completely different scenario, and win a good portion of them.

What’s a valid authorization? It’s mostly described in Special Authorization Request Allowances and Requirements. Key elements:

  • Stored credential– rules for storing and what associated data is required on file and what is submitted with transaction- same transaction ID required for all after initial approval
  • Estimated Authorization– indicator as to whether the authorization is an estimate or is final is sent with transaction. Authorization is valid for 31 days. (Originally 14 days, but subsequent bulletin released to change it.)
  • Incremental authorization  – must use same transaction ID as estimate, and submit with incremental authorization indicator
  • Visa now groups transaction types into ‘customer initiated’ and ‘merchant initiated’. For card not present, a transaction is only considered customer initiated, if Verified by Visa is used. Verified by Visa (VbyV) is their brand name for the global 3-D Secure cardholder authentication protocol for card not present transactions.

Updated Checkout Flow For Online Booking:

  • Opt-in to no-show policy, terms and conditions
  • Authenticate cardholder
  • Authorize with the estimate indicator
  • Deliver email confirmation with the policy
  • Incremental auths with same Trans ID only.
  • Close transaction by day 31; partial reversal same transaction ID if applicable.
  • If ticket closed, open new estimated auth.

KEY DATES

  • Effective through 13 October 2017: In the US Region, for Car Rental Merchants, Cruise Lines, and Lodging Merchants, the Merchant must use the Incremental Authorization Request indicator and the same Transaction Identifier for all Authorization Requests.
  • Effective 14 October 2017 Transaction initiated with an Estimated Authorization
  • Verified by Visa cardholder authentication protects lodging merchants immediately from “it wasn’t me” card not present fraud.

Without hotel action to update online booking in advance of the October dates, financial exposure for prior months may be significant.

Christine Speedy, authorized CenPOS reseller provides universal payment processing solutions to maximize merchant profits and mitigate risk across multiple sales channels. To get a CenPOS account and Sabre SynXis compatible plugin, or plugin for other booking engines, contact Christine at 954-942-0483.