Validated P2PE Solution

Looking for a Validated P2PE Solution? CenPOS launched their PCI-Validated P2P Encryption 3.2 solution in 2017.

Florida-Based Payment Solutions Company, CenPOS, Strives to Make Customer Experience More Secure with Launch of PCI-Validated P2P Encryption.

Data breaches are on the rise and they are costing both consumers and merchants money.

The 2017 Identity Fraud Study, released by Javelin Strategy & Research, found that $16 billion was stolen from 15.4 million U.S. consumers in 2016.

When the consumer data that makes such fraudulent activity possible comes from the merchant’s database, then the merchant can also incur some major damages. In fact, the 2017 Cost of Data Breach Study: United States, found that the total average organizational cost of a data breach has reached a new high at $7.35 million.

CenPOS aims to reduce the vulnerability of sensitive consumer data — that could be used to drain debit card-linked bank accounts, make “clone” credit cards, or buy items on certain less-secure online sites — to hackers with the release of its Validated P2PE solution.

Officially released on July 7th of this year, CenPOS Validated P2PE encrypts cardholder data so businesses can simplify compliance with Payment Card Industry Data Security Standards (PCI DSS) and consumers can stop worrying about data being stolen between “the store” and the bank.

Surprisingly, Validated P2PE is not new technology. It’s the strongest level of data encryption in the market right now and is offered by other merchant payment services companies. However, CenPOS is the first and only company with the Qualified Integrator & Reseller (QIR) designation to offer a Validated P2PE solution.

The QIR designation is awarded by the Payment Card Industry Security Standards Council, a global open body formed to develop, enhance, disseminate and assist with the understanding of security standards for payment account security.

According to their standards, “the quality, reliability, and consistency of a QIR Company’s work” should provide confidence that the merchant’s payment application has been implemented in a manner that supports PCI DSS compliance.

Chris Justice, CEO of CenPOS, is quoted saying: “We believe that loyalty is built on trust and that trust is built by delivering great customer experience over and over again. So, when consumers can have greater peace of mind because they know that the merchant has the proper data security in place to reduce exposure to painful events, like data breaches, we believe customer experience is enhanced and that consumer will choose that merchant over others who are less diligent.”

CenPOS Validated P2PE launched on Friday, July 7, 2017. To learn more, visit https://cenpos.com/solutions/data-security
More facts and further information about CenPOS, can be discovered at https://www.cenpos.com/

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. | CenPOS | @CenPOS

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Christine Speedy, CenPOS Sales 954-942-0483, 9-5 ET is based out of South Florida and NY, selling globally. When you call Christine, there is no middle man; all agreements are direct with CenPOS. As one of the very first to sell for CenPOS, I have deep experience to help merchants understand benefits and get live fast.

See also this article for important certifications.

VP2PE and Payment Card Industry Acronyms Revealed

CenPOS Hosted Pay Page vs EBPP

I’m advising my CenPOS clients with card not present transactions to use either the hosted pay page or Electronic Bill Presentment and Payment (EBPP), also known as electronic invoice presentment and payment (EIPP) due to increasingly complex rules. Plus cardholders are weary about giving out card data over the phone, and paper or digital credit card authorization forms should be abolished. Reducing friction to collect payments, while putting cardholders in control of their data, is proven to increase sales, profits and cashflow so updating procedures is a win win for you and your customers.

What is a hosted pay page?

A hosted pay enables customers to passively pay bills online via a secure web page hosted on a CenPOS server. The form can be embedded on your web site secured with an SSL certificate or you can direct customers to your custom CenPOS URL. The most common payment types CenPOS users enable are credit cards, Paypal, and ACH (echeck).

  • The burden for completing data fields to make a payment is on your customer.
  • Your customer can optionally create an account and store their card data.
  • Depending on your agreement with your customer, either you or the customer can use a stored token on file to initiate future transactions.

What is EBPP?

With EBPP, the payment request is delivered to the customer via email or text. The message includes a custom link to pay a specific bill or invoice and some of the fields are pre-filled. Customers prefer EBPP vs hosted pay page. The most common payment types CenPOS users enable are credit cards, Paypal, ACH (echeck) and wire transfer. The last is very important for international businesses to streamline bank reconciliation and match deposits to invoices.

  • Data fields, including invoice number and amount, are pre-filled to save your customer time.
  • Customers can optionally create an account to store card data, pay multiple invoices, review payment and invoice history in the CenPOS hosted portal.
  • Depending on your agreement with your customer, either you or the customer can use a stored token on file to initiate future transactions.
  • With a CenPOS ERP or accounting software integration, your records are automatically updated with payments, and reminders are automatically delivered.
  • Optional 2-way texting service has many benefits, including communicating with customers via their preferred methods- whether phone, text or email.

What are the benefits of customer initiated payments with hosted pay page or EBPP?

  • Increased efficiency to comply with new stored credential rules.
  • Reduced merchant fees for some cards (3-D Secure cardholder authentication must be enabled.)
  • Increased approvals with cardholder authentication.
  • Mitigate chargeback risk – with cardholder authentication fraud liability shifts to issuer.

In summary, either method of online payments increases security and enables customers to pay 24/7 to increase cash flow. EBPP solutions have significant additional benefits and the cost to implement is virtually nil, with many businesses experiencing an instant ROI.

Christine Speedy, CenPOS authorized reseller, 954-942-0483. 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.

Quickbooks Payment link on Statements

Is it possible to have the payment link on statements as it is on invoices emailed to customer?

Yes, businesses using a desktop or self-hosted version of Quickbooks Enterprise and other versions can use the custom text field in the template set up to create a link. Customers click from the statement to a self-service portal to pay all invoices. This is not available with Intuit Merchant Services, but is supported with our third party module. The link from the invoice is to pay the specific invoice, no login required.

Are you tired of following up on late or past due receivables? Does it take weeks and months to get paid? Do your customers ‘lose invoices’? Do you want to qualify for low level III interchange rates for purchasing cards? Boost cash flow, efficiency and profits virtually overnight with the best alternative to Intuit merchant services for Quickbooks. Compatible with QuickBooks 2015 and 2016 Pro, Plus, Enterprise versions. (Not Quickbooks online.)

Adding a Pay Now Button Link To Quickbooks Statements

  1. Non-Intuit merchant account required to accept credit cards. Christine Speedy will help you with a wholesale account if you don’t already have one.
  2. Sign up for a CenPOS account with Christine Speedy.
  3. Install the supplied module.

Benefits

  • Send invoices the way your customers want- text or email
  • Automated reminder collections built-in
  • Quickbooks updated automatically when customers pay
  • ACH, wire, and Paypal, also supported
  • 3-D Secure supported to shift card not present fraud liability to issuer
  • For retail, full cashiering supported for 100% financial transparency.
  • EMV chip and pin, chip and signature supported
  • Smart rate selector reduces merchant fees

It’s quick and easy to get started with our Quickbooks credit card processing module so employees can get right to work without disruption.

Note: This article was accurate at the time written. Solutions are continually updated. Contact us for the latest facts.

Christine Speedy, CenPOS authorized reseller, 954-942-0483. 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.

CenPOS’ Secure Payment Solution Receives HIPAA Compliance

CenPOS announces HIPAA attestation aimed to deliver a secure and robust payment architecture for healthcare.

October 11, 2017. CenPOS, a payment technology provider, recently announced that it has received a Health Insurance Portability and Accountability (HIPAA) attestation from a third party external auditor across a broad range of payment solutions offered by the company. The company also announced that it had achieved its Qualified Integrated Resellers (QIR) certification from the PCI Data Security Council.

According to Healthcare Informatics, 34.5 percent of all security breaches are within the healthcare industry. This industry is also one of the ones hit the hardest by hacking, phishing, and skimming attacks. Over 1,000 data breaches occurred in the U.S. in 2016 and the number is expected to increase, as research from Identity Theft Resource Center reports.

CenPOS is a merchant-centric engine that delivers enterprise-class solutions across many industries to improve customer engagement and save time and money. The cloud-based solution increases the efficiency of collecting payment across many channels, all without disrupting the banking relationships of the merchant.

“We live in a world where data is a valuable and prime target for hackers. Anyone familiar with HIPAA knows that HIPAA compliance is very complex, it is our job at CenPOS to simplify this process and develop business solutions to address these risks and ensure that our clients’ data is secure at all times”, commented Jorge Fernandez CenPOS’ Co-founder and Chief Executive Officer. “We provide a unique combination of solutions to the healthcare industry not found anywhere else under one roof with our validated Point-to-Point encryption, HIPAA attestation, and QIR. Risk comes in many forms today and the cost associated with risk mitigation tools and compliance is very expensive. Our all in one solution makes it very affordable for our clients to implement and maintain compliance”, added Mr. Fernandez.

With the healthcare industry being a constant target for hackers of all levels, it’s important for practitioners and facilities to focus on security solutions. CenPOS offers layered security solutions that deliver a secure and robust payment architecture. It enables those within the industry to focus on providing excellence to their patients. CenPOS will manage the day-to-day payment operations focus on security and compliance.

With the recent attestation from HIPAA, it gives healthcare professionals another reason to choose CenPOS. They can ensure that healthcare records are secure and less likely to be leaked, exposed, or otherwise hacked.

CenPOS is engineering the future of payments. Their comprehensive solutions are years ahead of the competition and continually eliminate fraud and human error. Exploring their solutions in-depth can be a significant benefit for those in the healthcare industry.

For more information, contact:
CenPOS
Telephone: 877.630.7960
sales@cenpos.com
https://www.cenpos.com/

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. | CenPOS | @CenPOS

Contact Christine Speedy, CenPOS authorized reseller, 954-942-0483 for all your CenPOS HIPAA compliant payment processing sales and integration needs.

cenpos logo

Magento Developer Alert: Visa Mandate and Payment Gateways

How can Magento developers help merchants get compliant with the Visa Stored Credential Transaction framework and mandates effective October 14, 2017?

Drive your profits while helping clients keep compliant with fast changing credit card processing rules.

Step by step guide:

How will clients manage consent record requirements? See Improving Authorization Management for Transactions with Stored Credentials https://usa.visa.com/dam/VCOM/global/support-legal/documents/stored-credential-transaction-framework-vbs-10-may-17.pdf . Will gateway provide a checkbox for consent records and ability to retrieve records on demand? (I called authorize.net on October 2 and they advised they will not offer this service, and will leave up to merchants.) Will you develop a custom application to include opt-in date, time and other requirements, plus storage and retrieval capability? Will you advise merchants to choose a technology solution, including payment gateway, that will manage automatically?  CenPOS, 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 will provide an automated solution for clients. Contact me for the plugin.

Update terms and conditions. Ensure online order terms include sale, refund and cancellation policies. Add a checkbox for customer opt-in to terms, including online payments. CenPOS has an opt-in box and you can customize the text.

Verify if there’s a system to manage authorization validity. What the heck does that mean? Many businesses, especially B2B companies, have complex needs including pre-authorizations, incremental authorizations, delayed shipping etc. While merchants may get issuer approvals, that doesn’t mean the authorization is valid. The two most common rules businesses struggle with are “Settlement within 72 hours” for card not present sales, and “Authorization amount and settlement amount must be equal”. (I asked authorize.net support about both items on October 2 and was told they do not offer automated solution.) CenPOS automates compliance. Other payment gateways are incapable or may leave it up to developers to create a solution. How can a developer verify if merchant has an issue? Ask clients to look at their merchant statement ‘pending interchange fees. If you see EIRF or STD, that’s a red flag there’s a problem.

Create a hosted pay page. B2B Businesses almost always have more than one sales channel and use of paper credit card authorization forms is common. They need help to eliminate. You already have the SSL certificate, so it’s a natural add on to provide clients a secure web page with an iframe a solution to collect payments. With CenPOS, end customers can use the same stored credential in Magento and the pay page, both credit card and ACH. hosted online pay pagePrevent brute force attacks. System hardening is a PCI compliance requirement. See Visa best practices to prevent brute force attacks. https://usa.visa.com/support/merchant/library/visa-merchant-business-news-digest.html. CenPOS includes recaptcha and client managed velocity and other rules as part of a layered security approach.

Payment Gateway checklist:

  • Verify payment gateway will send correct transaction data and flags for the initial transaction and subsequent transactions.
  • Advise clients to set gateway for zero dollar authorization when storing a new card.
  • Ensure client is registered for 3-D Secure and it’s enabled.
  • Confirm if gateway will automatically flag a transaction as customer initiated stored credential or merchant initiated stored credential (automated recurring billing). Additionally, the merchant initiated transaction must be sent with the MOTO indicator, not ecommerce.
  • Does gateway support level 3 data?

CenPOS manages all compliance and other items seamlessly in the background.

Communicate with clients. Advise any upcoming changes will increase efficiency and security for everyone. Advise clients to learn more about CenPOS payment gateway – call Christine Speedy, 954-815-6040.

Why comply? With full compliance and following my recommendations, merchants can expect better qualified interchange rates, increased approvals (avoid declines based on issuer risk averse algorithms), reduced PCI Compliance burden, fraud liability shift to issuer and increased efficiency for both buyer and seller. The cost of non-compliance is hefty, including higher interchange rates, penalty fees, and risk of both issuer and cardholder chargebacks.

interchange rate qualification

The same transaction can process at different rates as shown above, depending on which rules you follow. CenPOS Smart Rate Selector automates compliance to qualify transactions at the lowest rate possible. Which rates are on your merchant statement now?

Magento developer billing: Developers also need to comply with recurring billing requirements for your sales. What’s worked before is not compliant- everyone needs to change.

Resources and documentation http://3dmerchant.com/blog/merchant-bulletins-downloads – bookmark it!.  Join Christine Speedy’s email list.

DISCLAIMER: condensed and incomplete information! Information may be quickly outdated.

With the fast pace of changing rules, developers need a technology partner to automate compliance. Did you know?

  • For those not ready to give up paper, CenPOS creates a printable PCI Compliant credit card authorization form for every stored card.
  • CenPOS has ERP, ecommerce shopping cart, accounting and other plug-in modules available for quick and easy implementation.
  • I’ve been selling for CenPOS since day 1. Though I have other payment gateways available in my arsenal, nothing else compares for meeting business to business needs.

Christine Speedy, CenPOS authorized reseller, 954-942-0483 is based out of South Florida and NY. 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.