EBill payments via text or email improve PCI Compliance video

Ebill and einvoice systems send invoices vs Electronic Bill Presentment and Payment or EBPP gets you paid from that request via text or email. This critical difference has a major impact on security and PCI Compliance. This  video demo is for a standalone solution to accept online payments, including credit card. ACH and wire. Integrated solutions for Quickbooks, ERP, or other, are also available.

Video CenPOS EBPP Lite demo shows the simplicity of sending an einvoice with request for payment via email to an existing customer, that has previously made a purchase and stored their credit card. Customers can self-update their payment methods, store multiple methods. Ask for any feature, and yes, we probably support it.

A layered approach to card not present fraud protection is critical with increasing financial industry changes. In addition to the traditional address and CVV verification, cardholder authentication, IP blocking and other tools can be used to guarantee payment against fraud globally (some restrictions apply).

Eliminate credit card authorization forms with sensitive cardholder data. No one likes them, they’re time wasters for both parties, cards get expired etc. At best, they offer flimsy protection against fraud. Worse, they’re a PCI Compliance nightmare.  In the event of a data breach, it’s likely impossible to prove compliance if you use them. Regardless of how secure and loyal you think your employees are, stuff happens and when identity theft related to credit cards occurs, your business has a 50% chance of survival.

Contact Christine Speedy, 954-942-0483, 3D Merchant Services, 9-5 ET. Your merchant account, our cloud hosted payment gateway solutions.

EMV chip card transaction video – Verifone MX915 with CenPOS Virtual Terminal

Merchants will improve their customer experience accepting chip cards by training all users and cashiers. The transaction process is different for EMV than standard swipe transaction, in order to support the different flow for processing chip cards.

In 60 seconds, CenPOS users can view the new screen prompts for the cashier and the consumer to process a chip and signature and a chip and pin transaction.

TIP:  Having an EMV capable terminal does not mean a merchant is ready to accept chip cards. In the CenPOS environment, if a merchant installed a future proof, EMV capable terminal to get ready for EMV, the next step is to convert to EMV enabled. This always requires turning on EMV at the merchant account level, in addition to other steps. CenPOS has completed certifications for multiple terminals and acquirers to enable merchants to become EMV Compliant today. Contact your relationship manager for assistance.

If you’re not a current CenPOS customer, contact Christine Speedy for sales and integrations at 954-942-0483. Don’t just get ready, get EMV Compliant.

Video: Interchange rates impacted by people & payment gateway

Merchant payment gateway choice impacts merchant fees. Managing credit card interchange rate qualification is critical to profits.

Transcript: Rising merchant fees impacting profits? Meet Joe, a CFO. The problem is rate qualifications. The system is too complex.

interchange rules

It’s impossible follow the rules without an automated system.

Employees can influence costs.

interchange rate qualification

The same transaction can process at different rates, depending on which rules you follow.

Until now. Introducing 3D Merchant Services. Cloud payment solutions that work with YOUR financial partners. Here’s how the payment gateway works. Patented solution determines the best way to process. You pay less. Users are required to follow rules. Competitors say it can’t be done. The proof is measureable. It’s quick and easy to use.  Efficient, secure, processor neutral, Level III processing, YES.

Call 3D Merchant Services 954-942-0483 for a demo and free trial.

Author: Christine Speedy. “Managing interchange rate qualification is virtually impossible without a technology solution.  The right payment gateway selection is critical to merchant success and managing fees with any merchant account.”

Expanded information about this subject: Problems with other payment gateways:

Retail swipe

Bob swipes the card on Virtual Terminal A, enters the amount and submits. ALERT: enter sales tax. (type in or enter to skip). If the extra info is entered, the transaction qualifies for Commercial Data Rate II 2.10%, if skipped, it’s 2.65%. (Most virtual terminals CANNOT support level III on swiped transactions.)

Bob swipes the card on Virtual Terminal B, enters the amount and submits. ALERT: Submit level 3 data. (This data has been prefilled with the transaction information and additional data stored in a template.) One click later and the transaction qualifies for Commercial Data Rate III or Large Ticket if a qualified large sale amount.

Moto (mail order / telephone order

Bob key enters a transaction on Virtual Terminal A and submits. After the sale is completed, an ALERT appears. You can lower your rate if you complete the next two steps. Do you think Bob ever skips the next steps because he’s busy or interrupted? You bet.

Bob swipes the card on Virtual Terminal B, enters the amount and submits. ALERT: Submit level 3 data. One click later and the transaction qualifies for Commercial Data Rate III or Large Ticket if a qualified large sale amount.

These are some simple examples. But there are many more complex rules for all sorts of different card types and transaction types. Most virtual terminals have no intelligence to help merchants with interchange rate qualification. Merchant account payment processor reports have also improved with reports for ‘non-qualified’ transactions. They’re not entirely accurate. For example, commercial data rate II is a qualified rate. However, commercial data rate III is better. Will any report tell you if there were transactions that could have processed at an even lower rate? While several of the big ones have improved, they’re still a long way from automating interchange optimization.

If you want peace of mind, instead of pouring over reports, an automated solution for interchange management is critical.

Video: PCI Compliant credit card authorization forms

Token billing solves the problem of storing credit card data for recurring billing customers, but that doesn’t fix the merchant problem of replacing credit card authorization forms.

Video Transcript: Meet Mary.  She manages accounts receivable. The problem is credit card security. Customer approval is needed for accounts on file. Image credit card authorization form. But there’s no secure way to store the authorization without also storing the credit card number and security code.

Until now. Introducing 3D Merchant Services. Cloud payment solutions that work with YOUR financial partners. Here’s how it works. Create a token. Image iphone, computer with virtual terminal screen, batch upload, point of sale, and integrated solutions. Anywhere.  Or have customers create and manage their own. Electronic bill presentment and payment, ecommerce, online payments. And then, for every token created, a prefilled form is automatically created! PCI DSS compliant.

Charge cards in seconds. Rocket blasting. ACH? Ditto. Efficient, secure, processor neutral, Level III processing, YES.

Call 3D Merchant Services 954-942-0483 for a demo and free trial.

Author: Christine Speedy. “PCI compliance is virtually impossible without a technology solution.  The right payment gateway selection is critical to merchant success and reduced PCI burden.”

 

#34 Virtual terminal selection lowers credit card processing fees: First Data Linkpoint vs CenPOS video

Can virtual terminal selection impact credit card processing fees? Yes. This video #34 compares fees using First Data Linkpoint global gateway and then CenPOS. All cloud virtual terminals are not alike. Christine Speedy, CenPOS sales, shares corporate and purchasing card interchange rate qualification on 2013 merchant statements before and after switching virtual terminals. The merchant account remained the same.

 

 

Are you a First Data Linkpint merchant looking for an alternative? With our payment technology, which includes free hosted online payments page,  you can keep your Bank of America or other First Data merchant account, yet still have all the other benefits of an omnichannel virtual terminal and gateway.

If you’re searching for an intelligent omnichannel payment solution, don’t waste another minute. Call now.