Category Archives: ERP

Microsoft Dynamics 365 Embedded Payments Solution Featured in Digital Transactions magazine

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Embedded payments are exploding and U.S. Bank has embedded payment solutions within Microsoft Dynamics 365. “The Rise of Embedded Payments“, in DIGITAL TRANSACTIONS January 2023 issue, highlights U.S. Bank’s embedded payments solutions and benefits for both sellers and buyers. The U.S. Bank AP Optimizer® was announced last year. Additionally, Elavon Inc.’s payment gateway provides a secure and end-to-end accounts receivable payment solution for Dynamics 365 Finance. Elavon, a wholly owned subsidiary of U.S. Bank, has been a global leader in payment processing for more than 30 years.

Looking for Microsoft D365 secure payment processing solutions? Call Christine Speedy, 3D Merchant services founder, for simple solutions to B2B transaction problems. 954-942-0483, 9-5 ET.

U.S. Bank’s first embedded payment solutions as part of Microsoft collaboration

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One of the first banks to directly embed its own payment tools within Microsoft Dynamics 365, U.S. Bank delivers easy-to-implement, efficient payment capabilities.

MINNEAPOLIS (October 31, 2022) – U.S. Bank has embedded payment solutions within Microsoft Dynamics 365, the first of a strategic collaboration established to embed U.S. Bank payment capabilities across Microsoft platforms. The integration helps meet businesses where they are, with secure, fast and easy-to-implement payment capabilities.

U.S. Bank is one of the first banks to embed its own payment tools directly within Microsoft Dynamics 365. The direct integration into the enterprise resource planning (ERP) and finance solution makes it easier for businesses to click and start using the capabilities quickly. U.S. Bank has several more capabilities in the pipeline to embed additional payment tools within workflows across Microsoft platforms including Microsoft Teams and Microsoft Power Platform.

“We are committed to meeting clients wherever they are in their digital journey, bringing payments to businesses in a way that’s instant, embedded and connected to the technology they use every day,” said Shailesh Kotwal, vice chair and head of Payment Services, U.S. Bank. “Our integration with Microsoft – which businesses rely on daily to serve their customers – opens new possibilities for U.S. Bank clients to improve efficiencies and enable faster payments.”

“Embedded payments can deliver powerful, new ways for businesses to streamline processes, enhance visibility, deliver better experiences, and reduce risk,” said Bill Borden, Corporate Vice President, Worldwide Financial Services, Microsoft. “We are excited to build on our work with U.S. Bank, delivering integrated, easy-to-use digital payments capabilities to our customers through Microsoft Dynamics 365 with additional embedded solutions to come.”

Businesses using Microsoft Dynamics 365 can now easily use U.S. Bank AP Optimizer® directly from their business application. This will enable treasury management departments to automate invoice processing for business and consumer payment disbursement within Microsoft Dynamics 365. The solution allows for automated accounts payable workflows, including matching and reconciliation.

With Elavon’s Payment Gateway also now available to use within Microsoft Dynamics 365, businesses can easily enable a secure and end-to-end accounts receivable payment solution with their ERP. Directly integrated with the payments journal for accounting within Dynamics 365 Finance, the solution helps companies automate more of the accounts receivables process, speed up collections through multiple payments acceptance channels, and reduce errors.

Contact:

Todd Deutsch, U.S. Bank Public Affairs & Communications todd.deutsch@usbank.com | 612.303.4148

About U.S. Bank

U.S. Bancorp, with approximately 70,000 employees and $601 billion in assets as of September 30, 2022, is the parent company of U.S. Bank National Association. The Minneapolis-based company serves millions of customers locally, nationally and globally through a diversified mix of businesses: Consumer and Business Banking; Payment Services; Corporate & Commercial Banking; and Wealth Management and Investment Services. The company has been recognized for its approach to digital innovation, social responsibility, and customer service, including being named one of the 2022 World’s Most Ethical Companies and Fortune’s most admired superregional bank. Learn more at usbank.com/about.

Microsoft Dynamics D365 F&O Credit Card Processing Solution

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Looking for a D365 F&O credit card processing solution? Very few check all the boxes. There are different nuances to each and a big consideration should also be the level of customization that is needed. How much work is needed to get the module live and continually updated?

Our D365 F&O credit card processing solution minimizes the need for customization and is light to implement, creating opportunities to save tons of money on consulting, development, and updates. Users receive a deployable package and continual updates to work with all D365 updates.

Built based on years of experience with ERP payment processing and especially the needs of B2B manufacturers and distributors, including omnichannel, here’s a few examples:

  • Supports RETAIL, MOTO and ecommerce. Yes, that’s retail transactions within F&O, not D365 Retail.
  • Retail accepts EMV chip, checks and cash.
  • Retail Level 3 processing reduces B2B costs.
  • Prepay on sales authorization.
  • Split payments among multiple payment methods.
  • Stored card and ACH info- tokenized, never visible.
  • Automated daily batching.
  • Automated journal updates.
  • Payment object resides outside of the ERP environment for reduced PCI scope.
  • Optional validated P2PE.
  • Automated compliance with authorization and stored credential rules.
  • Optimization for least cost processing any given transaction.
  • Compliant with rental and loaner special processing requirements.

Call Christine Speedy, PCI Council QIR certified, for all your Microsoft Dynamics AX and D365 payment processing needs from ACH to credit cards and more. Get a new merchant account or keep your existing. 954-942-0483, 9-5 ET.

D365 Customer facing invoice portal D365 F&O

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Looking for D635 F&O solution for clients to access online portal to view and pay invoices? One of the key solution differentiators is the integrated payment gateway for credit card processing. Easily overlooked, it’s most impactful on profits. Other than merchant discount, the payment gateway is the single largest influence on the cost of credit card acceptance and chargeback risk.

How can a payment gateway impact costs?

  1. Authorization management. There’s a slew of rules, which are continually changing, regarding what has to happen in order to qualify transactions for the lowest cost possible. Virtually no payment gateways support all of them. For example, authorize.net doesn’t support unscheduled credential on file (stored card on file). Reference https://community.developer.authorize.net/t5/Integration-and-Testing/Visa-Stored-Credentials/td-p/60149. The average cost differential for a Mastercard business card is 1% for a transaction with valid authorization vs invalid (but approved).
  2. Customer disputes and chargebacks. A merchant can only defend disputes if they have proper authorization in #1. Instead of wasting time defending disputes, merchants can prevent them with 3-DSecure 2.0, a global cardholder authentication solution. If the payment gateway supports it, “it wasn’t me, I didn’t authorize it” goes away; liability belongs to the issuer.
  3. Rate Qualification. Items 1 and 2 above both reduce the cost of card acceptance. So does supporting level 3 data. It amazes me how many calls I get from consultants and merchant services salesmen that just want to help their customers qualify business and purchasing cards for level 2 rates. Why wouldn’t you want all clients to qualify for level 3 rates, which are substantially lower for business to business transactions?
  4. Stored credential compliance. This is not just securely tokenizing cardholder data, but complying with a new set of rules established in 2017, which all merchants and acquirers are required to comply with. Payment gateways have no such requirement. They can choose to provide the services to clients or not. The trickiest is unscheduled credential on file, which is what most business to business companies need, unless they have a SaaS billing model. Towards the end of 2019, a few more gateways were offering this, but the list is very small.

Few payment gateways support all four items above.

Call Christine Speedy for D365 F&O invoice portal with compliant payment gateway to maximize profits and improve your customer experience. 954-942-0483, 9-5 ET for all your recurring billing and stored credential payment gateway and virtual terminal needs.

D365 Finance & Operations Questions To Ask Before Choosing Credit Card Processing Solution

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Upgrading to D365 from Microsoft AX? Engaging a payment processing professional can save boatloads of development time while opening up new ways to engage with customers. Additionally, payment gateway selection directly impacts EBITDA project objectives. What three key questions must be asked when choosing a credit card processing solution for your business to business operation?

I’ll save merchants and consultants reading this a lot of time. Ask the 3 questions and then pretty much disregard the answers. You’re unlikely to find anyone who will be able to answer all three questions adequately so on that basis alone, it’s best to contact a subject matter expert like Christine Speedy, here at 3Dmerchant.com.

  1. Does the payment gateway support Unschedule Credential On File? Virtually every business to business operation stores at least a few credit cards for the occasional customer on file need, which is a good thing because if you’re one of those that require customers to call in each time, that’s negative friction impacting cash flow, profits, and satisfaction. What most businesses don’t know is that the rules and technical specifications for storing cards and processing transactions with stored cards changed tremendously in October 2017. Virtually no payment gateway has upgraded to get compliant, leaving businesses exposed to multiple financial penalty risks. Note, this is not just ‘tokenization’, which most gateways support, but rather a specific set of new card acceptance rules. Everyone in the payment ecosystem has some responsibility to make changes for compliance- issuer, acquirer, merchant and payment gateway. No one can ‘automatically’ get merchants compliant with new UCOF rules; if any vendor says they have, call 3Dmerchant to review why it’s not.
  2. If the initial authorization and final settlement amount are not the same, what happens? This is a common scenario for distributors, manufacturing and ecommerce, but if there’s a mismatch, an or an open authorization is not reversed, merchants pay an expensive processing penalty fees. For example, MasterCard Data Rate 1 might appear on merchant statements for interchange rate qualification, which is nearly 100 basis points higher than if settled optimally.
  3. Is there any difference between the type transaction transmitted to the acquirer when a customer self-pays an invoice such as through a payment portal vs when an employee key enters the cardholder data? The answer must be yes. One is submitted as a phone order (MOTO) and one is submitted as an ecommerce order.
  4. BONUS: What’s the process for renewing an expired authorization? Preauthorizations are common in manufacturing and ecommerce. While an expired authorization is usually approved for final settlement within 30 days, there are financial penalties and risk associated with using expired authorizations. Merchants should automate this process as much as possible, removing decisions from employees, which is always fraught with risk.
  5. BONUS 2: Can I process EMV chip transactions with level 3 processing in F&O? Due to October 2019 licensing changes, some merchants may find it more profitable to skip the retail license add-on.

Call Christine Speedy, PCI Council QIR certified, for all your Microsoft Dynamics AX and D365 payment processing needs from ACH to credit cards and more. Get a new or keep existing merchant account at 954-942-0483, 9-5 ET.