Merchant Processing Specialty: Retail Industry

cenpos reduce retailfraud


Slide: CenPOS Overview

Blog: CenPOS

CenPOS Sales Sheet : Select benefits, overall capabilities 3 pg pdf

Sales: 954-942-0483


One solution for all payment channels reduces back office and customer friction.

Typical Problems

Unable to get EMV compliant due to some party in the chaing has not completed EMV certification. We have more EMV certified terminal solutions than any other company today, as of September 2015.

Retailers are paying higher than necessary processing costs because of inefficiencies:

  • Cashiers largely are in control of your EBITDA - internal and external fraud, interchange qualification (97% of your credit card processing fees), checkout efficiency.

Retailers are paying higher than necessary processing costs because of their billing plan design. There are multiple scenarios:

  • Merchant statements show detail, but controller needs a PhD to keep up with which interchange rates are actually the lowest qualified rate for the type of card presented.
  • Merchant statements have the headline "Your association rate is 1.5%". There is no specific data about what types of cards are used, but you can divide your costs by the total sales to come up with an average (it won't be 1.5%) effective rate.
  • Merchant statements have 3-6 'buckets' for fees. These usually include mid-qual credit, non-qual surcharge, and mid-qual debit.

Retailers assume higher risk due to inability to convert customers to pin debit, with only a 14 day customer dispute period.

Retailers want to add another channel to accept payments, yet each channel has another interface causing more accounting work.

Merchant and Customer Centric Enterprise Solutions

The most important benefit we provide is streamlining the payment experience across all channels. Other solutions may support multi-channel payments, however, they do not do it in a manner that also reduces PCI Compliance burden while optimizing interchange, the bulk of your credit card processing fees.

We automatically remove cashiers from making decisions that impact payment processing fees.

Our fraud prevention tools mitigate the risk of internal and external fraud. If you think you're immune, you are wrong. Fraud has been revealed at virtually every operation after adding CenPOS, regardless of the sophistication of their existing POS system. In multiple cases internal fraud had been going on for years by long-term trusted employees.

cenpos ecosysytem

3D Industry Rating

80% of retail businesses could benefit from updating technology and or pricing plans.

Our hosted payment processing platform removes the cashier from virtually all factors impacting EBITDA. It reduces internal and external fraud, improves interchange qualification, and improves efficiencies. It works with your existing check, credit and electronic payment suppliers and from all sources including mobile, web, POS, call center, API etc. It's fast, easy, and free to implement (hardware may be needed if you do not have compatible PCI certified equipment), minimizing business disruption now and in the future.

Overall, this industry has below average payment processing cost management capabilities, regardless of size (up to $1B). On the flip side, 70% of those that also have catalog and or ecommerce stores in addition to their retail store, DO have at least the proper tools in place.