Looking for group airfare deal…
Friday, February 3rd, 2012Looking for group airfare deal for 12. Anyone have a good contact?
Looking for group airfare deal for 12. Anyone have a good contact?
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CenPOS, a payment processing technology provider will be conducting live demonstrations of their CenPOS Payment Solutions Platform at the 2012 NADA Convention to be held in Las Vegas, Nevada February 3-6th. The demos will take place at the company’s booth (#2890) twice daily at 10:00 a.m. and 2:00 p.m.
CenPOS provides innovative payment solutions to dealerships, whether a single dealership or a large multi-brand, multi-location dealership group. CenPOS has created a dynamic payment processing solution to meet the unique challenges of a dealership’s payment ecosystem.
Dealership groups have problems creating payment uniformity throughout their group due to inefficient, and often times costly legacy payment systems. CenPOS solves this by creating standardization across the group and eliminating inefficiencies.
“We encourage members of the trade media and dealership managers to stop by the booth and let our representatives show you what the CenPOS intelligent platform can do for your dealership,” said Jorge Fernandez, President & CEO, CenPOS.
The CenPOS intelligent payment network provides essential solutions for every department in the dealership:
CenPOS Mobile Solution: Empower drivers on the road with smartphones to collect payments with signatures. Because CenPOS is an intelligent platform, anyone can accept payments without worry of errors. ( They do need to enter the correct sale amount!) The CenPOS mobile platform lowers costs associated with risk, exposure to chargebacks, and converts historically manually entered transactions into card present swiped transactions.
Tokenize payment information for repeat customers: Creates and electronically stores credit authorization forms. Mitigates PCI burden of storing traditional paper authorization forms, which contain sensitive cardholder data that is typically not stored properly.
Real-time AVS: Prevent fraud through the use of real-time AVS to reject transactions based on merchant specific risk parameters.
Increased pin-based debit conversion: Limits the dealership’s exposure to chargebacks, so customers cannot charge back on the basis of “services not rendered” or “not to satisfaction”. There is a 14 day window for customer disputes with pin debit vs 180 days for signature debit.
CenPOS Mobile Solution: Allows Service Advisors to be more hands-on with customers, handle the payment transaction and reduce the need for cashiers.
Interchange optimization: Properly qualify business, corporate and purchasing cards which can make up a bulk of service transactions. CenPOS can provide a savings of 60-95 basis points depending on card type.
Collect quality data: CenPOS captures customer data at the point of sale that salespeople typically do not document, thus ensuring compliance and quality data collection.
Streamline and simplify check acceptance process: CenPOS dynamically routes check transactions to the appropriate vendor depending on routing rules determined by the dealership. Reduce the risk of losing a claim on a guaranteed check by ensuring the cashier provides all of the information specified by the provider.
About CenPOS
http://www.cenpos.com/
“Creating efficiencies through payment innovation”
Founded in 2009, Miami-based CenPOS is a payment technology provider. CenPOS is committed to providing its customers and partners with innovative solutions for today’s rapidly evolving consumer payment choices.
CenPOS is an intelligent payment-processing network that streamlines the payment experience for businesses and consumers by using state-of-the-art technology to replace inefficient, outdated payment systems. The network reflects the core values that drive the experienced and innovative CenPOS team: Simplicity, Scalability, Security and a holistic approach to payment processing strategies.
CenPOS provides solutions to a range of organizations including but not limited to retail, card not present merchants, automotive dealers, professional services and academic institutions; special programs are also available for non-profits. Call us: (305) 630-7960, or toll free: (877) 630-7960.
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CenPOS Automotive sales: Christine Speedy direct (954)942-0483. Christine brought in the first CenPOS automotive client after the official launch, Rick Case Automotive Group, and continues to lead the company globally as a top producer.
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I previously addressed salon solutions with multimerchant terminals. Is that still the best choice today? Let’s explore the pros and cons of various merchant account options for the salon environment, where most workers are independent contractors renting a chair or a ‘booth’.
Under new IRS reporting requirements, credit card receipts are now reported to the IRS by the credit card processor on schedule 1099k. * This indicates gross proceeds so your tax returns will need to match accordingly or it will result in an audit. This can also result in fines from the IRS over whether the other stylists are employees of the salon or independent contractors. Separate merchant accounts may help prove there are no employee relationships.
Credit card processing options:
1. Single terminal, one merchant account:
2. Single terminal, one merchant account, with CenPOS:
3. Contractors bring their own terminal:
4. Multi-merchant Terminal:
5. CenPOS with multi-merchant: (signature capture terminal or card reader plus a receipt printer.
BEAUTY SALON MERCHANT RECOMMENDATION:
The salon must take into account several factors including turnover and overall sales volume to make the best choice. My recommendation is #5, CenPOS with multi-merchant. The overall benefits for the salon owner and the contractors far outweigh any potential annoyance on the switching.
PIN DEBIT COMMENT:
Pin debit requires an encryption key unique to each processor. Since not all merchants are likely to use the same processor, pin debit should not be used for multi-merchant. The main impact is risk from customer disputes is 120 days vs 14 days. This may not be an issue in the salon environment. Under 2011 law, regulated debit fees are now the same for both pin and swipe so this is no longer an issue.
PRODUCT SALES COMMENT:
Regardless of how you choose to sell products, you’ll want to provide some incentive to involve contractors. The receptionist can be key, but when a stylist tells their customer to buy a product, it carries a lot more weight. A program can be as simple as a chart with each stylists name and then add a check or sticker for each time their customers bought something. The person with the most stickers gets a $100 gift card.
Other articles you might like:
IRS Link Cash Intensive Businesses Audit Techniques Guide – Chapter 10, Beauty Salon Defined
Salon merchant account solutions SPECIAL DEAL (older)