Dynamics AX Credit Card Processing Alternatives 2017

Need a solution to process credit cards for Microsoft Dynamics AX 2012? Whether replacing Microsoft Dynamics ERP Payment Services due to end of life announcement, or looking for an alternative to Red Maple Advanced Credit Cards, Christine Speedy has a solution to delight your customers and make your business more profitable virtually overnight. It’s wrong to thing big name gateways are compliant with your B2B payment processing needs. If that were true, our solutions would not exist.

Dynamics AX Credit Card Processing Critical Features Checklist:

  • Customer managed wallet from the very first sale, including before payment is needed. Must eliminate need for paper or digital credit card authorization forms with card data in the clear!
  • No 3rd party applications needed to get paid from invoice; automate journal entry updates. (Eliminate BillTrust and similar.)
  • Communicate the way your customers want, both text and email.
  • Automate rate qualification. A payment gateway with Level 3 processing is not enough; merchants can only qualify for level 3 (corporate, purchasing, business card) interchange rates if all the rules are met. The two most common rules B2B businesses struggle with are “Settlement within 72 hours” for card not present sales, and “Authorization amount and settlement amount must be equal”. CenPOS automates compliance, most gateways cannot.

    interchange rate qualification

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

  • Compliance with Visa Stored Credential Transaction framework and mandates effective October 14, 2017. Merchants need record of customers opt-in to storing and use of the stored card terms and conditions, among other items. For example, a checkbox. There are many nuances including identifying merchant initiated vs customer initiated. CenPOS automates compliance, most gateways cannot.
  • 3-D Secure cardholder authentication- increase approvals, shift fraud liability risk, and for some card types qualify for reduced interchange rates.
  • Virtual Encrypted Keypad – segment your network, software and devices from payment processing for reduced PCI Compliance scope and burden.
  • Accept payments wherever you need in AX- free text, sales orders, payment journals and more.

Improve Efficiencies, Cash Flow, Customer Experience:

  • Invoice delivery via text and email
  • 2-clicks to pay for repeat customers
  • Customer managed wallet for payment methods.
  • Invoice portal – on demand access 24/7 to view and pay invoices
  • Automated collections reminders to pay

AX Solution for all payment types:

  • ACH and check, with and without guarantee.
  • Wire- eliminate inefficiencies matching deposits to invoices and returning unidentified wires.
  • Credit card
  • Paypal and more

Depending on your current AX set up, businesses can be live in less than 2 days.

Christine Speedy, CenPOS authorized reseller, 954-942-0483. B2B cloud payments solutions and CenPOS enterprise cloud payment solutions expert. 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.

Microsoft Dynamics Partner: PCI-Validated P2P Encryption

CenPOS, a payment technology provider, launched their PCI-Validated P2P Encryption solution July 7, 2017. The Microsoft Dynamics Partner offers a full-cashiering payment processing module to Dynamics AX 2012 channel partners and end-users. The CenPOS Validated P2PE encrypts cardholder data so businesses can simplify compliance with Payment Card Industry Data Security Standards (PCI DSS). It’s also QIR certified and HIPAA compliant.

With full cashiering, users have tight financial controls all within Dynamics AX ERP. Cash, checks with and without guarantee, credit card, and other payment options are all supported for retail needs. Hardware terminal options include the Verifone MX 915, Ingenico ISC250, Ingenico IPP320, and the mobile Ingenico ICMP EMV Reader. Note the module is for Dynamics AX 2012 ERP, not Retail.

CenPOS Dynamics AX Software modules include:

  • POS with EMV enabled
  • Mobility with EMV
  • P2P E Validation
  • Electronic Bill Presentment and Payment
  • Tokenization
  • Consumer Electronic Wallet supporting all tender types
  • Electronic Signature Capture
  • Integrated Shopping Carts
  • Enhanced fraud and risk mitigation tools

Christine Speedy, CenPOS authorized reseller for Dynamics end users and channel partner development, 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

Payment Services for Microsoft Dynamics

Accept debit and credit cards directly from Microsoft Dynamics AX, now Dynamics 365, and other payment types. An alternative to Microsoft Payment Services, which is end of life December 31, 2017, offers many new features and benefits, including more payment types.

Your customers don’t pay just with credit and debit cards, so why limit their options? The new alternative payment services for Microsoft Dynamics® ERP supports debit and credit cards, ACH and check, cash, wire, and Paypal, depending on the sales channel. With native integration into Dynamics AX 2012 R3, increase efficiencies without ever leaving your AX screen, while also minimizing PCI scope and burden.

FEATURES:

  • Process authorizations, payments and credits in Accounts Receivable:
    • Sales Pickup – Will call, partial order as well as full delivery
    • Journal Entry for Project
    • Free Text Invoices
    • Return Orders
    • Credits, partial credits
    • Sales Orders – Cash and carry
  • Authorize, capture, refund, reverse and more options for credit card payments with Visa, American Express, MasterCard, Discover, etc.
  • Universally compatible with your financial partners including First Data, Chase Paymentech, Moneris, Tsys, Global, and many others in USA and globally.
  • Point to Point Encryption (P2PE) all sales channels, including Virtual Encrypted Keypad for staff key-entered transactions.
  • Tokenization for ACH and credit card recurring transactions, including installment, variable installment, unscheduled stored on file and fixed recurring.
  • EMV chip and pin (yes, both!); certifications may vary by acquirer.
  • 3-D Secure Verified by Visa, MasterCard Secure Code and American Express Safekey; certifications may vary by acquirer.

BENEFITS:

  • Increase approvals and profits with 3-D Secure for card absent customer payments.
  • Increase approvals and profits with EMV for retail customer payments.
  • Increase cash flow and improve customer experience with Electronic Bill Presentment and Payment, including customer portal to view and pay invoices.
  • Tighter financial controls with all payment types and all sales channels supported in one integration, even third party shopping carts.
  • Reduced PCI Compliance burden with payments segregated from applications; Links for you to validate Level 1 PCI Compliance, QIR, Visa Global Registry etc.
  • Compliance automation, including with the plethora of new card acceptance rules related to authorization validity and stored card authorization acceptance.


Christine Speedy, CenPOS global sales and integrated solutions, 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 automates complex payment processing, creating efficiencies through innovation.

Dynamics AX Online Payment Services Expiring – Replacement

Dynamics users will need to make a major update soon. Effective January 1, 2018, Payments Services for Microsoft Dynamics ERP Payment Services, including any versions of Microsoft Dynamics AX, will be discontinued and users will be unable to process credit or debit transactions after December 31, 2017. CenPOS, an enterprise payment engine, offers an integrated alternative that works seamlessly with both AX and third party applications like Magento ecommerce.

Vendor selection for replacing Payments Services will directly impact profits, efficiency and customer experience. For example, how customers receive, retrieve, and pay invoices are all part of the payment processing ecosystem. Businesses will need an Integrated Service Vendor (ISV) with a PCI Compliant integrated payment gateway. Solution functions, and how they interact with Dynamics AX, varies widely by integration.

Payment processing is a specialized niche that ERP, ecommerce, and business consultants rarely have the in-depth knowledge to advise businesses of best options. In fact, significant new changes have been announced; for example, new requirements for recurring billing to include a unique reference to the initial authorization.

“The Payment processing knowledge gap has been exacerbated by an onslaught of new financial, card brand, and compliance rule changes that show no sign of letting up.” Christine Speedy, CenPOS

CenPOS, an enterprise payment gateway and merchant centric cloud processing platform, is an industry leader in payment processing globally. One of the first to market with both US EMV chip and pin, the CenPOS omnichannel solution maximizes cash flow and profits across all sales channels while improving the customer experience.

CenPOS Dynamics AX Fast Facts:

  • Accounts Receivable Flexibility: Process authorizations, payments and credits:
    • Sales Pickup – Will call, partial order as well as full delivery
    • Journal Entry for Project
    • Free Text Invoices
    • Return Orders
    • Credits, partial credits
    • Sales Orders – Cash and carry
  • Reconciliation Efficiency: automatic daily settlement, single deposit (dependent upon processor setup)
  • Payment types: Accept Check, ACH, credit card, wire, cash, Paypal (Varies by sales channel)
  • Sales Channels; Retail (US & Canada EMV), Electronic Bill Presentment & Payment (includes hosted customer invoice portal and automated collections), Ecommerce, Online Payments, other
  • Compatibility: Agnostic- works with most processors, including First Data, Chase Paymentech, Moneris, WorldPay and others.
  • B2B: Certified for level III processing all channels, including retail, a critical element in managing interchange rate qualification, the biggest cost of credit card processing.
  • Availability: Global

See CenPOS Dynamics AX integration in action here: video overview

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 SALES CONTACT: Christine Speedy, cspeedy AT cenposreseller.com 954-942-0483. Dynamics consultants encouraged to contact us to learn more.

Link: Microsoft Official Notice

Dynamics AX Customer Payment File Import

To apply payments received from customers to matching invoices is easy with our Microsoft Dynamics AX 2012 payment processing module, no customization required. Automating payment processing, including journal entries, is essential to maximizing efficiency and accuracy. Other solutions usually only address part of the payment acceptance cycle; now with one module, revenue from all sales channels are processed and matched to your invoices.

PAYMENT TYPES: Accept cash, credit card, wire, Paypal, ACH, Remote Deposit Capture.

SALES CHANNELS: Ecommerce, Retail (US and Canada EMV), Electronic Bill Presentment and Payment (EBPP or EIPP), Lockbox and others.

While using a lockbox service is an option, is it necessary? With integrated EBPP, your clients can view and pay multiple invoices electronically with your preferred payment methods. A key to EBPP adoption is reducing friction, and with the capability for recurring customers to pay via text or email in just 2 clicks is powerful enough to drive high adoption and fast payments almost immediately. If you do receive payments in the mail, Remote Deposit Capture and batch upload capability are available.

Collections are automated on your schedule; many solutions are limited in this respect, increasing DSO due to “first of month” statement delivery or other limitations. For those customers that run into credit issues, users can set up an automated collections schedule- any amount, any dates.

Looking for Dynamics AX solutions to improve your accounts receivable and overall treasury management? Contact us today.