Category Archives: CenPOS

CenPOS certifies with Visa Accelerated Connection Platform

Posted on by
Reply

cenpos payments logoCenPOS enables direct connection to Visa for merchants by certifying with the Visa Accelerated Connection Platform

Miami, FL (PRWEB) April 07, 2015

CenPOS, a payment technology provider, announced today that it has certified to Visa Accelerated Connection Platform (ACP). These continued efforts enable CenPOS merchants globally to take advantage of Visa’s transaction authorization and capture services, end-to-end encryption, tokenization and integrated redemptions; thus, bypassing the existing core bankcard processors for these and future Visa services. This connection not only enables merchants to connect to more than 2 billion Visa cardholders worldwide, but also connects them directly with the rest of the card brands as well. A direct connection to the card brands creates value and reduces PCI cost for merchants by encrypting data at every point of the transaction. More importantly, merchants now can leverage Visa’s technology infrastructure and achieve better financial results while providing their customers with an enhanced payment offering.

“We at CenPOS believe that this new connection creates significant value for our merchants and gives them the control they have been seeking for years, especially their ability to freely choose financial providers without the fear of any business disruption and/or changes in their daily workflow. It makes business and financial sense for merchants to go directly to the card brands and bypass their acquirers for these services,” said Jorge Fernandez, CenPOS’s Co-Founder and Chairman. “We at CenPOS are always on the cutting edge of payment technology. As evidenced by our recent EMV certification in the US, we are committed to delivering innovative solutions for our clients globally”, added Fernandez.

About 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’ secure, cloud-based solution optimizes acceptance for all payment types across multiple channels without disrupting the merchant’s banking relationships. For additional information please call 877.630.7960.

Marble and Stone omnichannel payment solutions

Posted on by
Reply

Marble and stone manufacturers and distributors that use traditional payment technology will suffer from higher credit card processing fees, PCI Compliance problems, and increased fraud risk. This article identifies the main problems and how to fix them.

PCI Compliance Problems

It’s a fact there will be card not present transactions. Credit card authorization forms have been a primary tool to mitigate fraud risk, but they’re a PCI compliance nightmare:

  • Merchants cannot request CVV2 on any paper form, even if it will be destroyed later. (Visa Core Rules October 2014). Without CVV2, the merchant will lose any future fraudulent card dispute.
  • Forms contain sensitive data. It’s virtually impossible to keep the signature on file and be PCI Compliant.
  • Employees have access to credit card numbers
  • The receiving fax needs to be secured, and if digital, any memory securely wiped when the machine is replaced.

PCI Compliance Solutions

  • PCI compliant credit card authorization form for variable recurring billing
  • Tokenization to store card data outside ERP and other software to reduce scope and burden
  • Customers self-payment solutions so employees have no access to card data. Options include online hosted pay page and electronic bill presentment & payment (See also How to get CVV2 and be PCI Compliant)

Mixed Retail and Card Not Present Transaction Interchange Rate Problems

When a merchant has a retail merchant account, magnetic stripe data is expected with the transaction. When it’s not included, the merchant pays higher non-qualified interchange fees.  There are no desktop terminals, and few cloud based solutions that support level III processing for retail transactions. This is significant because most cards that qualify are MasterCard and the average savings is .75%.

When a merchant has a MOTO (mail and phone order) merchant account, and then swipes a card, they get the benefit of a signed receipt, but not the benefit of lower swiped merchant fees.

Mixed Retail and Card Not Present Transaction Interchange Rate Solutions

Marble and Stone merchants MUST have a solution with interchange rate optimization that solves the above and numerous other issues related to omnichannel credit card processing.

Multiple Locations, Centralized Billing Problems

With centralized billing, when there’s a dispute, the merchant needs to present the signed receipt. It’s time consuming and inefficient to store and locate paper receipts.

Multiple Locations, Centralized Billing Solutions

Signature capture terminals are essential. Mobile is not an acceptable substitute for signature capture, because marble and stone merchants benefit from pin debit and other optimization capabilities that are only possible with multi-lane terminals. EMV, NFC and P2PE are recommended.

CenPOS is the only payment gateway and payment engine that solves every problem listed above. CenPOS has solved these problems for years, while Authorize.net, Paypal, Payflow Pro, and even newer alternative gateways have not caught up. Contact Christine Speedy 954-942-0483 for sales and ERP or other software integrations.

 

 

 

 

Verifone MX915 multilane signature capture terminal EMV POS solution

Posted on by
1
Verifone MX915 signature capture terminal

Verifone MX915 signature capture terminal.

CenPOS now supports the Verifone MX915 signature capture terminal with a variety of point of sale solutions. While most new terminals in the market are EMV ready, CenPOS is EMV live with this Verifone multilane terminal.

To boost EMV adoption, MasterCard offers incentives beyond the EMV liability shift.  To participate, merchants must deploy hybrid EMV terminals (support of both contact and contactless interfaces), and 75% of card present transactions must be on them .(reference MasterCard white paper http://www.mastercardadvisors.com/_assets/pdf/emv_us_aquirers.pdf)

The Verifone can be used standalone with a computer, high speed internet and the CenPOS virtual terminal, or integrated with POS systems, including open source ERP retail POS solutions like OpenBravo. Merchants desiring integrated connectors should contact 3D Merchant services; the connectors are generally not available in POS add-on marketplaces.

Why CenPOS?

  • Processor neutral
  • Least cost routing and interchange optimization reduces merchant fees
  • Reduce PCI Compliance burden
  • One gateway for all sales channels
  • Tokenization supported all sales channels, even retail and mobile
  • Level III processing in retail – if you have commercial account customers, this will save a bundle in fees
  • Scalable: Enterprise user and role management
  • Cloud based reporting for centralized accounting
  • Merchant defined risk & fraud management tools

Level III processing in Quickbooks

Posted on by
Reply

Woohoo! Finally, a solution for B2B merchants wanting level III processing for corporate, purchasing, and business cards.  With our connectors, Quickbooks Pro, Premier and Enterprise users can process transactions with a regular merchant account and have invoices marked as paid, avoiding double entry of payment processing outside Quickbooks.

interchange management

Automated interchange management combined with level III processing maximize merchant profits.

Example of a wew low interchange rate a merchant transaction qualified for.

Example of a wew low interchange rate a merchant transaction qualified for.

All payment activity is on a separate level 1 PCI compliant server, removing the application from scope for PCI compliance. Optional electronic bill presentment and payment is also available, including with level III processing.

CenPOS certifies with Apple Pay and Google Wallet

Posted on by
Reply

cenpos payments logoCenPOS certifies with Apple Pay and Google Wallet, supporting the mobile payment technology on select multi-lane devices. Miami, FL (PRWEB) February 23, 2015.

CenPOS, a payment technology provider, today announced that it has certified Apple Pay and Google Wallet to its payment-processing platform. This new certification marks another milestone for CenPOS in its quest to provide their customer base around the globe with a rich payment acceptance offering. The Apple Pay and Google Wallet payment options are supported by CenPOS on the Verifone and Equinox multi-lane devices. Apple Pay and Google Wallet are transforming the mobile payment space for consumers and businesses alike by making it easy and secure for all parties.

The adoption of mobile payments continues to grow in record numbers. There are only 1.3 billion active credit and debit accounts globally, but considering that there are more than 5 billion active mobile phone accounts, there is potential for widespread application of mobile payments, according to Omlis, a global mobile payments solutions provider. Mobile transactions have almost doubled since last year, now accounting for 17% of transactions made. Juniper Research predicts that this trend will continue to rise and will reach 450 million mobile payment consumers by 2017. The global adoption of mobile payments is on an upward curve, but traction is dependent on consumers’ access to technologies, varying lifestyle choices, and economic factors.
“We are delighted to bring these new services to our clients and enable them to offer their consumers with new and innovative payment options” commented German Gonzalez CenPOS’s Co-Founder and Chief Technology Officer. “Today we are one of the very few payment processors in the US that is both EMV and 3D Secure certified. We continue to drive our products, services and solutions to meet merchant, consumer and partner needs. Our entire team is passionate about delivering value and value add services to our clients; more importantly, always being on the leading edge of technology”, added Gonzalez.
About 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’ secure, cloud-based solution optimizes acceptance for all payment types across multiple channels without disrupting the merchant’s banking relationships. For additional information please call 877.630.7960.

###

For CenPOS sales and software integrations, contact Christine Speedy, authorized CenPOS global reseller. 954-942-0483