Qwickpay is a mobile POS application offered by Magtek, manufacturer of card readers. It’s a smart play by Magtek to ensure market share in the fast growing mobile payments market.

PRODUCT OVERVIEW

COMPATIBILITY 5/2012

• iPhone 4, iPhone 3GS, iPhone 3G, iPod Touch and iPad compatible

FUNCTIONALITY

• The POS software will auto populate sales tax and tip if you like as a standard setting.
• Supports sale, void, refund and “protection code” which is for consumers who have a QwicKey.
• Presumably consumer adoption will increase the key to make this to make this feature useful. (Consumers purchase the QwicKey service, then generate one time use Qwick Codes [Formerly Protection Codes]. These one-time codes can be redeemed by a PCI compliant, ROC certified Payment Processor. A Merchant and online store can accept a Qwick Code in lieu of cardholder, personal account data.
• Supports signature capture and email receipt.
• Includes a virtual terminal, however it is not recommended that transactions are key entered.

UNIQUE CLAIMS ABOUT THIS MOBILE PAYMENT SOLUTION:

1. Uses MagnePrint®,a dynamic card authentication technology based on the unique physical properties of the magnetic stripe, also referred to as the stripe’s digital identifier or (DI). It provides validation that the card itself is genuine and that its encoded data has not been altered.
2. Immediate encryption (Triple DES) of all cardholder data with a derived unique key per transaction (DUKPT).
3. Immediate tokenization or “substitution” of all cardholder data

THE INSIDE SCOOP- WHAT YOU REALLY NEED TO KNOW

• Users: This is really a one user system. If you wanted two users or more, you’ll need to tag to multiple merchant accounts, or at the very least, need a unique merchant account TID for each one. If the user is no longer authorized, you’ll have to get the device back or shut down the TID.
• Does it support level 2 data as specified in the FAQ? Yes, but the use won’t know when they need to enter extra data, or what that data is, so chances are, they’ll never qualify for lower level 2 data on business cards.
• Key entered: It is clearly NOT recommended, as indicated by large red print, for key entered transactions for a number of different reasons.
• MagnePrint- How much safer is this than simply verifying the last 4 digits from the front of the credit card?
• Encryption- there are a number of different ways to protect the cardholder data. This is a solid method, but not the only valid solution.

COMPARE TO CENPOS ENTERPRISE MOBILE:

There are numerous differences and here are a few highlights:

•  MANAGE FEES PAID. CenPOS dynamically identifies the card issuing bank and method of input (swipe or key enter) and automatically collects and delivers the optimal data for lowest risk and interchange rate. QwickPay does not do this.
• MANAGE USERS/ RISK: CenPOS admin can manage an entire workforce in the field to accept payments and change permissions or access remotely. Users have the same priviledges on the virtual terminal.  QwickPay does not allow for multiple users or user management. Additionally, CenPOS uses a variety of proprietary and merchant managed rules to manage risk, including automatically declining certain transactions, remote supervisor approval option, and automated email alerts.
• MANAGE BUSINESS: CenPOS reporting is extensive and easy to use. Qwickpay is limited and you even have to select which card types (Visa, mastercard etc) you want for each and every transaction.
• BUSINESS EFFICIENCY: CenPOS uses a single hub to accept payments from all sources- web, mobile, retail, kiosk etc, manage users, and access reports. QwickPay has none of these capabilities.
• COSTS: Qwickpay is cheaper with a one time fee. CenPOS charges per transaction fees, and has a $50/mth minimum.
• OTHER: CenPOS does not currently calculate tax & tip.

I RECOMMEND QWICKPAY FOR:

• YES. One man businesses.
• YES. Businesses with a single person on the road that accepts payments.
• LIMITED. Businesses that are primarily card not present, but which occasionally would like to get a card swiped while on the road to mitigate risk. Note: this would be for a card not present account with card not present rates, but you’d benefit from a signature on file and some fraud protection.
• NO Businesses with more than one person who would need, or with a mix of card not present and card swiped transactions.

COST

• Qwickpay prices are determined by resellers.
• 3D Merchant price for QwickPAY (Apple) – one time charge of $90. – includes iDynamo SCRA*. No transaction or other fees.
• 3D Merchant price for QwickPAY (Android)  – one time charge of
  $130. – includes application, set up, and BulleT SCRA. * No transaction or other fees.
  *  Requires new merchant account with guaranteed price match to your existing merchant account.

WHERE TO BUY

• Qwickpay is sold through limited authorized resellers, usually payment processors. Call yours to ask for pricing and availability.
• A merchant account is needed.
• Contact 3D Merchant Services for QwickPay or CenPOS

Breaking down why the Payware announcement at ETA 2012 in Las Vegas left attendees unimpressed.

NEW Complete Solution to Help You Succeed in Mobile Payments

PAYware Mobile’s Secure Audio Reader Launches at ETA 2012

PAYware Mobile’s secure audio reader made its debut at the 2012 ETA Annual Meeting & Expo. PAYware Mobile is VeriFone’s payment solution for smart devices that allows merchants to accept payments wherever and whenever they do business.

With PAYware Mobile’s new secure audio reader, merchants can now swipe a card and capture a signature and email receipts – with security and reliability – so they never have to miss another sales opportunity.

What’s New?

Easily and conveniently accepts credit card and signature based debit card transactions – simply insert audio reader into an audio jack
Perfect for today’s popular smart devices – compatible with iOS, Android and BlackBerry operating systems
Allows account administrators to activate, manage and even deactivate gateway access of devices that are lost or stolen
Saves time and reduces transaction fees with swiped, card present transactions
Eliminates manual entry errors and reduces deposit slips and printed receipts

Let’s also add these excerpts from official 12/2012 Payware sales literature.

• How is PAYware Mobile different from other solutions out there? …”Merchants trust and rely on VeriFone”…”allow the customer to sign their name on iPhone’s screen”…”integrated capacitive stylus”

Is any of this really ground-breaking different? I think not. I’ll give them credit for their other efforts in retail, however, this is just another ‘me too’ solution. In fact, after the event I attended a conference call in which an executive from a large ISO summed it up by saying, ‘pretty much everyone was offering ME TOO products’. The one exception was, you guessed it, CenPOS.

Keeping on task with the Payware mobile solution comparison, here are some advantages of CenPOS Mobile vs Payware Mobile:

• Only CenPOS mobile optimizes payments to qualify transactions for lower interchange rates, the bulk of credit card processing fees.
• Only CenPOS mobile has automated switching for retail/Moto presentment so merchants can mitigate risk of lost disputes.
• Only CenPOS mobile stores 7 years receipts, including with signature.
• Only CenPOS mobile enables merchants to securely store payment data for future recurring or repeat sale needs.
• Only CenPOS mobile supports ‘supervisor approval’ so a remote administrator can override a transaction from another.

Both services offer:

• Hosted payment processing
• Remote user management
• Multi-environment support: CenPOS has one hub for mobile, retail, kiosk, online, ecommerce. I’m not sure how Payware works with that, but they do support multi channel sales.
• Tablet POS

Beyond Mobile:

GlobalBay, acquired by Verifone offers a wizard driven environment for scripting. I haven’t seen, so cannot comment, but it sounds good. They also offer inventory management, retailing, and a ‘clienteling’ suite for additional fees.

CenPOS offers API’s that can be customized to connect to ERP’s and other back end solutions. Essentially, a merchant can integrate one time, and then apply for any application need.They also offer a free open source POS, ERP, and ecommerce shopping cart.

Groundbreaking: CenPOS supports Level 3 data in both retail and MOTO. It’s not supported on mobile yet.

Tokenization is the process of replacing sensitive data with a meaningless number. There is no universal standard for tokenization in payments. The key principal is that no part of the token has any relation to the credit card or check data.  The tokens themselves are useless outside of the system for which they are designed to be used. Tokens can be created for one time use or stored for recurring.

Encryption is the conversion of data into a form that cannot be easily read by others. That which is encrypted can be decrypted.

Payment card industry data security standards (PCI DSS) do not allow credit card numbers to be stored on a retailer’s point-of-sale (POS) terminal or in its databases after a transaction, with very rare exception.  If you store card data on your servers, regardless of access limitations, you’ll have a hard time proving your company was PCI Compliant in the event of a data breach. The financial liability, and potential criminal liability, is substantial.

If PAN data (primary account/ credit card number ) is encrypted, it’s still within the merchant scope for PCI because it can be decrypted. The exception is if the merchant is using a third party that is using PCI Compliant strong encryption, and there is no ability for the merchant to decrypt the data and get back PAN’s. *

Tokenization helps merchants reduce the scope for PCI DSS compliance whenever credit card data is stored, because the merchant cannot reverse engineer to access the PAN data. Encryption can be used by the third party to protect the data in the token vault. It is not required by PCI.  When a merchant uses a token to process a transaction, the associated payment information in the vault is delivered to the processor. How and in what format? The logical and physical elements vary by provider and specific controls are secret for security reasons, but it’s a fair question to ask when considering a new provider.

The CenPOS payment platform uses both tokenization and encryption for maximum reduction of PCI scope for merchants, and for data security throughout the payment cycle. It provides the most flexibility for merchants, because they can change processors with no disruption to their business.

*Refer to PCI guidelines for further details. Official PCI Security Standards Council Site

Android app for attorneys overview:

This mobile app, powered by CenPOS, works with your existing credit card processor and is not a standalone solution. Wherever you accept payments- online, tablet, smart phone, in the office, electronic bill payment & presentment- all the payment data is available from one central hub, the CenPOS Virtual Terminal.

The Android app includes all the essentials for accepting payments on the road.

CenPOS Android App key differentiators:

1. NON-DISRUPTIVE: It works with your existing credit card processor, and if you ever want to change processors, it takes just minutes to point to the new processor.
2. FLEXIBILITY: Accept payments anywhere. Online, tablet, smart phone, in the office, electronic bill payment & presentment- with all data synched to the central Virtual Terminal hub.
3. FEE MANAGEMENT: CenPOS proprietary patented technology eliminates limitations of hardware, software, and employee training, to qualify more transactions for the lowest rates possible. CenPOS automatically solves the issue of a single merchant account for both key entered and swiped transactions, so they both qualify for the lowest rates possible.
4. RISK MITIGATION: Did you know that if you key enter a transaction on a retail merchant account, you must present a properly formatted signed receipt to defend against disputes? CenPOS presents transactions properly as card not present or card present to prevent lost disputes for this reason. 7 years receipts stored, including from your Droid App, at least 5 years more than other solutions, no coincidence matching IRS requirements.
5. RECURRING BILLING: Securely store payment data for future billing, including setting up any variable schedule. Payment data is never on your server or devices.

HOW MUCH DOES IT COST? CenPOS fees are custom quoted per client, with a $100 minimum per month.

Can you assign payments to specific matter codes? Yes, simply supply a list of codes, then enter payment amounts on the drop down menu.

Can you split transactions for operating and trust accounts? Merchants can direct all deposits and refunds from one bank account, and ACH transfers for fees from another bank account. For all other needs, merchants should contact us with specific requirements.

Do you offer an invoicing system? Yes, merchants can create invoices on the fly or we electronically deliver your invoices for ‘click and pay’.

What swipe devices does this work with?

• IDTECH Shuttle, Two-Track Mobile MagStripe Reader
• IDTECH UniMag II, Two-Track Mobile MagStripe Reader

Does this work with other mobile devices? Yes, iPhone, iTouch, and iPad.

Can I integrate with my billing system? All transaction data, except full card data, can be exported as a CSV. Additionally, API ‘s are available for integration into other tablet applications, ERP’s, and billing systems.

Learn more about our Legal Payment Solutions

Contact Christine Speedy (954) 942-0483 for a Free Demo and Test Account for Legal Payment Processing

3D Merchant May Bulletin: Maintenance, CenPOS, Online payments- http://t.co/3QZqrHu2

corrected: CenPOS pay pages & CNP Webinar – http://t.co/m2uBh6or

corrected webinar date & CenPOS pay pages http://t.co/j1AMsIjO

corrected webinar date & CenPOS pay pages http://t.co/j1AMsIjO