Monthly Archives: October 2015

Credit Card Processing and EMV For Business to Business

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Are business to business merchants being steered to expensive EMV credit card processing solutions? Yes. Too many banks, acquirers and software companies have limited EMV terminal solutions, and none of them are the best solution for business to business (b2b) companies that have a retail component.

Critical Credit Card Processing Needs for Business to Business

  1. Level 3 processing to reduce merchant fees. level 3 interchange rates
  2. Card not present risk mitigation for key entered and online payments, including securing card data collection, and preventing fraud.
  3. Token billing to securely store card data for variable recurring billing.
  4. Flexibility to collect payments from multiple sources and multiple payment types.

Common B2B EMV terminal solutions

There are two types of terminals. The most common type has software loaded on the terminal. For example, the Verifone VX520 with Vx820 EMV & NFC pinpad.

Verifone VX520 VX805 EMV terminal

Verifone VX520 with VX805 EMV terminal

The second type requires an internet connection to a payment gateway. The gateway  manages the terminal, which is essentially a slave to the gateway.

ingenico isc250 signature capture terminal

ingenico isc250 touch signature capture terminal with EMV and NFC.

The first option above doesn’t meet any of the critical B2B needs, yet is the most common solution offered to every company, without regard to business type. The second option is capable of meeting critical B2B needs, but only if the payment gateway supports them.  The only payment gateway with EMV certified terminal and level III processing retail certification is 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’s secure, cloud-based solution optimizes acceptance for all payment types across multiple channels without disrupting the merchant’s banking relationships. 3D Merchant Services is an authorized CenPOS reseller.

Business to business merchants with a retail business element are advised to consult with a payments expert who offers level III processing for retail. The rest doesn’t matter if this need cannot be met, so it’s an easy way to differentiate those who are selling whatever they have to offer and those who are solving problems to make your business more profitable.

Hypercom Optimum M4230 Mobile Credit Card Machine Replacement

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Terminal failure? If your Equinox Hypercom Optimum M4230, 4220, 4205, or 4210 is not updated before 10/18/2015 it will fail due to an expired certificate. These terminals can be updated in the field through a 2 step download process, but waiting until the fail date will likely result in support delays.

The manufacturer certificates within the devices may be set to expire on October 19, 2015. When merchants power off or reboot their terminal at any time after this date, it will become inoperable. Don’t power off your terminal until you perform the required maintenance or upgrade to a new POS terminal.

To avoid service disruption and continue processing payments, please take these necessary steps prior to October 19:
1. Determine what version(s) of firmware resides within the terminals.
2. If the Boot version is 2009 0709 or greater (such as
2015 0227), then do nothing. If the BOOT version is lower, then download the firmware update, which takes about 30 minutes.

hypercom terminal 4220 4205 Act early, as each maintenance upgrade will require a minimum of 30 minutes..
We recommend updating to a new POS terminal that supports EMV and NFC to reduce risk and increase customer payment options.

If your company processes more than $1M annually, or has business to business mix of card present and phone orders, contact us for solutions. A new merchant account is not required. For all other businesses, contact your acquirer or salesperson for EMV terminal options that will work with your merchant account.