Visa interchange rate October 2014 release

The Visa Fall 2014 interchange reimbursement rate release is now available for PDF download. At a glance, I didn’t spot any changes to rates, following broad changes and increases for business to business since April 2013.

The transaction and volume minimum did increase for the Credit Threshold, but the maximum chargeback ratio remains the same at 0.020%.

credit threshold visa

New higher minimums for credit performance threshold.

For merchants, no news is good news! If your company is business to business, managing interchange is critically important. The Business Electronic Interchange Reimbursement (EIRF) Fee increased from 2.75% to 2.95% in the last year. Merchants can avoid EIRF and Standard with improved interchange qualification management.

Click here for handy web page with links for to all credit card brand rates. As of October 21, 2014, MasterCard has not released an update for Fall, however, the spring update is labeled 2014 – 2015, so perhaps there will not be one.

3D Merchant Services Powered by CenPOS
2633 NE 26th Ave Metro South FloridaFL33064 USA 
 • 954-942-0483

Identify transaction using token vs without token : CenPOS FAQ

tokenization for credit card sale cenpos

Segment of receipt that identifies whether a token was used for credit card transaction via CenPOS.

Is there a CenPOS report that I can print that shows if a token was used rather than a credit card number was keyed?  Yes, by pulling a Repeat Sale report. All transactions using a token are sent with the “Repeat Sale” process indicator, in accordance with card acceptance rules. For on demand reports, login to the virtual terminal.

  • Choose Reports> Reprint to include all attempted transactions.
  • Choose Reports> Transactions to include only settled transactions.
cenpos reports field change view

If you don’t see the “Processed” column in reports, click the show/hide columns button shown  at far right.

report fields checkboxes cenpos

To view only transactions in which a token was used, enter "repeat" in the filter field

To view only transactions in which a token was used, enter “repeat” in the filter field.

Use the icons in the upper right of report to print or export and paste into excel. Do you need this report regularly? With the executive dashboard report writer, create a report with any criteria and have it automatically delivered to any email group on any schedule.


CenPOS Certifies For Multi Currency Processing

September 24, 2014, Miami, Florida.CenPOS logo CenPOS announced today that it has certified its payment-processing platform to First Data’s Global Merchant Acquiring solution. This new payment offering enables merchants around the globe to sell in different markets and collect monies in multiple currencies; thus, making it very easy to conduct commerce around the world in a frictionless environment. Businesses and their customers are now able to make payments in local currencies without any currency exchange risk; more importantly, avoiding costly cross border fees assessed by card issuers and the card associations. This payment solution covers a large geographic area, which includes 43 countries and 14 different currencies. The new markets include all of Europe, South Africa, Latin America and part of Asia.

“This is really exciting for us, our customers will be able to easily conduct business around the globe through one single platform; therefore, giving them control over the payment collections process and financial transparency while removing the Treasury complexities that exist today,” remarked Jorge Fernandez, Co-Founder and Chairman of CenPOS. “For CenPOS, this is about giving our customers access to new opportunities, creating a better and more efficient way of doing business globally,” added Fernandez.

About CenPOS

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.


3D Merchant Services is an authorized CenPOS Reseller. Call 954-942-0483 for more information.



3Delta Systems vs CenPOS for omnichannel credit card processing with level III data

How do these secure payment platforms compare for omnichannel merchants credit card and debit card processing? This is a follow up article to the last review which highlighted electronic bill presentment and payment.

Payment Gateway Features As Listed on 3 Delta Systems 8/5/2014

Payment Channels Supported 3 Delta Systems
 Online Payments checkmark yes checkmark yes
 Batch Upload checkmark yes checkmark yes
 EBPP- electronic bill presentment & payment checkmark yes checkmark yes
Retail Swipe checkmark yes
 Mobile checkmark yes

3Delta and CenPOS are both integrated into various software and ERP solutions, and both support level III processing, critical for business to business (B2B) merchants. ACH and RDC are also supported for check processing.

CenPOS notes: Tokens created on the CenPOS platform are shared across all channels and optionally across all merchant locations, per merchant defined rules. Level III processing is available via all channels except mobile, due to the limited screen space on mobile devices. Signature capture is supported for retail. Integrations available

Processors* 3Delta CenPOS
 First Data Merchant Services – North checkmark yes **
First Data Merchant Services – South checkmark yes
First Data Merchant Services – Nashville checkmark yes
Global Payments – East checkmark yes
Paymentech checkmark yes checkmark yes
TYSYS* checkmark yes checkmark yes
Vantiv checkmark yes checkmark yes
WorldPay checkmark yes checkmark yes
Elavon checkmark yes
Moneris (includes Canada) checkmark yes
Valitor (Europe +) checkmark yes
Grupo Evertec Panama checkmark yes

* Using TYSYS, merchants can connect to most USA processors, even if not shown, or if shown with a red ‘No’ symbol.

** Connectivity to First Data varies by merchant need

CenPOS is certified for level III processing for all processors listed; not applicable for Valitor and EPX- level III processing rates not available outside US.

About 3 Delta Systems Inc. – based in Chantilly, VA – is a payment solutions company whose innovative, Internet-based systems for processing credit cards and purchase cards deliver peace of mind to B2B and B2G customers by increasing their productivity, cutting operating costs, lowering business risk and strengthening security.

About CenPOS – “Creating efficiencies through payment innovation”
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. Call (954) 942-0483 for authorized reseller Christine Speedy.

zip code, address verification and cvv code validation responses

avs code responses

Above are all the possible responses for credit card address verification, in a screenshot from the CenPOS merchant parameter manager, where administrators can set rules and automatic alerts to mitigate fraud risk. Zip code and CVV each have additional response options.

Ever wondered what the possible responses when a merchant does a credit card address check? For card not present transactions, performing fraud checks can mean the difference between lost disputes and managed risk. Payment gateways vary widely in the response data returned to a merchant. For example, PASS, FAIL, and UNCHECKED, provide little information for a merchant to make an educated decision about whether to approve a transaction.

Payment Gateway Fraud Tools To Look for:

  • What responses are possible? What depth of information is available to review?
  • Can merchant automatically decline a transaction, but allow a supervisor to override?
  • Can merchant automatically send real time alerts to management of potential risky transactions?
  • Are there other fraud tools that can be used as part of the transaction review?
  • What services cost extra, and what are standard?

Equally important is the ability to automate activating different tools for different situations. For example, if a merchant switches between card present and swiped transactions.

Is it OK for sales reps to collect credit card data?

secure credit card salesman token biulling

If salespeople accept credit cards, instead of writing down credit card data on paper, sales should immediately process the transaction or enter sensitive payment data into a secure payment portal to encrypt and tokenize for future use.

What’s the best practice for sales reps to collect credit card data? This question primarily pertains to business to business companies, where billing may be done later by the credit or finance department. The initial sale, and possibly future sales, requires a credit card. 

Option 1: Eliminate sales from ever touching credit card data. This can be achieved by:

  • Creating an online payment page. The customer self-creates an account and manages their payment data, including whether they want to store it.
  • Using a ‘request for payment‘ service. This is a slimmed down version of electronic bill presentment and payment ( or EBPP Lite). The user enters whatever customer data management requires, including email or mobile number, invoice number, and amount due. The customer immediately receives a link to a unique secure URL to make the payment.
  • EBPP – there are multiple methods to send an electronic invoice for the customer pay, both integrated and non-integrated. This may be less desirable for new customers

Option 2: If the salesperson physically meets with the customer, use an enterprise mobile payment solution to include card reader, point to point encryption, tokenization, and data management for both card present and card not present transactions.

It’s much harder for merchants to maintain PCI compliance while mitigating risk of losses due to disputes or fraud, when sales uses alternative methods, including paper authorization forms.