Partnering with leading technology integrators, 3D Merchant Services is expanding attorneys’ billable hour accuracy while at the same time reducing administrative time, and increasing cash flow. Increase billing accuracy with automated logging of all calls, whether in the office, or on your cell phone. Then empower customers to pay their bills securely online, and optionally send them electronic bills (EBPP)

Small law firms with 1-5 attorneys especially need tools to reduce administrative time in order to maximize profits. For small firms, an accurate cell phone call logging solution may have the biggest impact to accurately capture billable hours, and immediately assign it to a client and matter code.  Larger firms probably already have a phone log billing system, but if not, then combining the desktop time log, with PBX call logger and mobile phone logger closes the loop for all time tracking. Add the CenPOS payment processing solution, and you can bill more accurately and collect monies due in a secure and cost effective manner.

As previously reported, attorneys can accurately log billable time with a new innovative mobile time tracker. A key feature is the pop-up on incoming calls; when you hang up, you can immediately assign the call to a client, assign pre-defined matter codes and even enter notes. The length of call is prefilled for you.  Data is all accessible back in the office via a web based dashboard for later modification and export into your accounting software.

Expense record on mobile device. Assign and submit billable/ reimbursable expenses on the go.

Our innovative payment gateway works with your existing payment processors, creating numerous efficiencies, increasing cash flow,  reducing the cost of payment acceptance, and improving transparency.

• Partners access real-time revenue.
• Generate reports and automatically distribute via email.
• Automatically send invoices and reminders to clients, with simple click to pay online.
• Empower clients to pay any invoice online- self pay saves your staff time and reduces risk.
• Accept payments and retainers in person with signature capture on mobile devices.
• Finance staff will have tools to automate processes and control payment processing costs.
• The most flexible, scalable payment solution available today.

Image shows example of a custom secure payment page on a law firm web site. When clients select a location, the system automatically routes the transaction to the correct merchant account and related bank account for deposit. Fully configurable for your specific needs, clients can store multiple payment methods and save time for future payments. Future proof and PCI Compliant.

Payment Modules include: virtual terminal, batch upload, Electronic Bill Presentment & Payment (EBPP), Dashboard Reporting, report writer, shopping cart and pay page.

Legal Payment Brochure (pdf Download) . This one page document will be updated in the future.
CenPOS clients include those listed in the 2011 U.S. News – Best Lawyers ‘Best Law Firm’ Rankings. Contact us now to find out why they chose our technology.

See also Legal billing and payment technology increases cash flow.

About CenPOS  http://www.cenpos.com/  “Creating efficiencies through payment innovation”

Founded in 2009, Miami-based CenPOS is a payment technology provider. 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.

About 3DMerchant.com

3DMerchant.com is a marketing and educational web site created by CenPOS agent Christine Speedy to share CenPOS success stories, applications, relevant merchant services news, and generate new business leads from readers like you.

Click here to request sales or information about any subject posted on 3DMerchant.com.

Law firms accept payments that need to be deposited into different bank accounts, depending on the purpose, such as general account and trust account. Does this mean you need two separate merchant accounts, and therefore incur the costs for two accounts?  Yes.

The main objective is to get the deposits into the correct bank accounts. This requires two merchant accounts which results in two completely different merchant statements, and their associated fees etc. What if you don’t want merchant fees to be deducted from the trust account? This can create issues for your trust account balances. This can be especially difficult for Paypal users which deducts funds from each transaction immediately, creating reconcilation challenges.

With CenPOS, our hosted payment platfom solution, and a compatible processor, you can set up to 5 different bank accounts per merchant account (MID)*. Your bank accounts will reflect exactly the correct balances you require.

For example:
Funding (credits) can be set to one bank account.
Debits (fees) to another bank account.
Disbursement of Debits (Fees, retrievals/chargebacks etc) can also be set per bank account within that one MID.

* Currently compatible with certain Paymentech and First Data merchant accounts.

Do you want to see revenue reports by attorney? Typical merchant account reports have no connection to that, however, our platform lets you set up a heirarchy so you can dynamically generate real-time reports globally across multiple merchant accounts. You can also drill down, much like an organization flow chart, to segments of the top level.

Another benefit for lawyers is TOKEN BILLING. See related article Virtual Terminal Solutions for Attorney’s.

CenPOS is compatible with swipe devices if your clients usually meet you in the office, or you can use the virtual terminal if you collect payments over the phone.