Christine Speedy, CenPOS global sales, training video shows merchants how to retrieve an original PCI Compliant credit card authorization form. The form replaces sensitive payment information with the last 4 digits of the card only, and the random alpha numeric token ID that replaced the full card number. Print the form, send to your customer, get it signed and sent back.
This video uses ZOOM so you can enlarge or watch as is.
Unlike typical credit card authorization forms, there is no full card data or cvv security code, so it’s safe to store in a file drawer. The token ID canot be used outside the merchant CenPOS account.
About the author: Christine specializes in providing merchants with innovative technology to create efficiencies and ease the burden of PCI compliance. With a primary focus on “card not present” payment processing solutions for mid-size companies, including manufacturers and wholesale distributors, merchants improve PCI Compliance and streamline the payment experience for both their company and their customers. It’s fast, easy to use, and requires no capital investment to implement. For sales call Christine Speedy at 954-942-0483 or click here for more information.
Level 3 credit card processing is explained, including merchant account and payment gateway requirements in this video of a slide presentation. What is it? What are the financial benefits? How can I get level 3 credit card processing for my business to business company?
Plus a brief mention of our technology that creates merchant efficiencies to qualify eligible purchasing, corporate, and business cards for level 3 qualified interchange rates.
In this training video, I show how to securely store credit card data so that no one can ever see it again. It’s virtually impossible to prove Payment Card Industry Data Security Standards (PCI DSS) Compliance if storing credit card authorization forms with full card data. This solution can significantly increase boost PCI Compliance and reduce losses due to disputes and resulting chargebacks.
The positive card verification checkbox is used to submit a zero dollar authorization transaction. This validates all rules in the merchant administration and on a user basis. For example, if rules require an address, zip code, and cvv security code verification, the items will be validated with the card issuer. The receipt is the merchant record of proof that the card issuer passed the verification.
Optionally send the repeat sale credit card charge form to your customer. Have the customer sign and send it back. This replaces credit card authorization forms that have full card data.
TIP: Include a cancellation and refund policy on all invoices, as required for all card not present transactions per card acceptance guidelines.
CenPOS works with your existing processor, and is fast, easy, and requires no capital investment to implement. Call Christine Speedy in sales 954-942-0483 or click here for more information.
Youtube video shows real time CenPOS Executive Dashboard. The dashboard with credit card processing insights for CFO’s and executives in both graphical and numeric formats. Forget about other products boasting extensive reports. The CenPOS dashboard provides actionable data on any facet of your credit card processing.
What % of sales were key entered? What % of retail debit is signature vs pin? Tap into standard CenPOS Reports on demand or create your own reports with the Report Writer, exclusively from direct agents, including Christine Speedy, and have them automatically delivered. Does your virtual terminal or retail solution provide this?
NOTATION UPDATE: The original CenPOS dashboard service utilized standard SAP Crystal Reports. The current dashboard with report writer uses proprietary programming developed internally.
Which merchants will receive the new low debit fee rates? This video provides a detailed look at rate differences and how to examine your merchant agreement schedule A and statement. While all merchants qualify for them, only a fraction will actually have debit discounts passed down from their processor. Will you be one of them? Pull out your merchant statement, then watch the video so you can compare data.
Have you ever needed to check if a credit or debit card is valid, but you don’t want to authorize or charge yet? We’ve added a new feature for our CenPOS Virtual Terminal called Positive Card. CenPOS will go out to the networks with a zero authorization amount to validate the card with the issuer prior to being stored.
REVIEW OF ENCRYPTED PAYMENT STORAGE OPTIONS NOW AVAILABLE: Positive Card- validates card. Merchant validate CVV, address and zip code passes fraud check and decide whether the answers are acceptable before storing. Why would you accept a card if it doesn’t pass everything? Only Canada and the UK participate in AVS check; If you know your customer, you may wish to allow the card anyway. This feature allows you to enter a card, then make an educated decision as to whether you want to store it for recurring billing. Repeat Sale- Offered for check/ACH and credit/debit. Process a transaction and it creates a new token to use for future sales transactions. CVV not allowed per PCI Compliance. Later, check the Token Box, enter the Token ID, amount and invoice #. That’s it. Recurring Payments Module: Offered for check/ACH and credit/debit. Set up client contracts and store multiple cards, payors, and payment methods for a single account. Regardless of where a token was issued (resale, recurring, positive etc) the token is the same for all.
Securely store any payment type for variable amount token billing or fixed recurring billing.
How do I get this feature? Administrators login to the Virtual Terminal and turn on for each user you want to have access. (This also applies to the other options.)
Will this also validate checks? No, It resides in the credit/debit. If you have a need, let us know.
Are there fees? Yes. 6/14/11 MasterCard charges $.03 for this service, effective with their announcement to support zero auth address verification (AVS), card verification code 2 (CVC 2) validation or both. Expect similar fees on all networks now or in the future. Standard CenPOS per transaction fees apply.
Can we use tokens for the EBPP/ E-invoice service? Not yet, but it’s in development. Currently customers will click the email and enter payment information for each invoice.
The tools are in place for you to eliminate faxed authorization forms that expose payment data and reduce PCI Compliance scope. If you need help using the features or how to deliver the token approval form for signature to your clients, please do not hesitate to call.
A review of Braintree Payment Solutions and CenPOS universal processing platform for recurring billing follows. While there are several items that both share in common, this review highlights more of the differences. A key difference not outlined in detail is that while both offer a gateway, only one is a switch. A gateway accepts data and passes it through. A switch dynamically makes intelligent decisions based on a number of through-puts, including merchant defined rules and a host database which is continually updated in real time. The CenPOS switch empowers merchants with more controls over payment processes and the hosted platform provides scalable, flexible technology to change with legislative, merchant, and payment industry changes.
With its promise of portability, Braintree provides more flexibility than has been available from even the biggest credit card processing providers, for ‘online only’ businesses with a subscription recurring payment requirement. Since the average small business changes suppliers every 12-18 months, Braintree’s promise of portability provides superior flexibility.
Transferring card data presents significant risk to the merchant in the case of a data breach. To protect from liability, suppliers who hold encrypted card data will generally not release data without a written promise to absolve from any and all liability in the event of any future data breach.
The CenPOS platform excels in markets where greater flexibility is needed in types of payments accepted, where they are accepted, or where interchange optimization is essential such for business to business. Wholesale distributors, law firms, medical billing companies, professional services, IT services, schools and staffing companies will benefit from the broader array of options of CenPOS. For recurring billing, there are very few options for merchants to bill a customer a variable amount with tokenization. CenPOS provides superior flexibility for mid to large businesses to be PCI Compliant and manage processing costs.
In summary, merchants should evaluate all the reasons to choose a service provider for what they have now vs. what they need to leave the service provider later. A free trial or extended out will help users make the right choice.