What’s an economical payment gateway for D365? One that enables business to qualify for the lowest rates possible for any given card type, mitigates chargeback risk, and creates efficiencies. Many businesses using AX 2012 and D365 need to store a card and charge on demand. To qualify for the lowest rates and mitigate risk of penalties and fines, compliance with the card network rules is required.Minimum requirements to potentially qualify for the best rates are:

• For card not present payments, including invoice portal, support 3-D secure; some issuers offer a lower rate averaging 20 BPS (.20%) less.
• Compliance with 2017 Visa stored credential mandate (which will also get you compliant with MasterCard etc). Many payment gateways do not support this yet.   Ask, ” Do you support “Unscheduled Credential On File” rules?; store the card, charge on demand. Currently authorize.net, Red Maple and Payflow Pro do not.
• If doing preauthorizations, a method to reauthorize expired auths, and a method to make initial and final auth the same amount if it changes after the preauth. Failure to do so increases the qualified credit card rate an average of 30% for businesses on pass-through interchange pricing.
• Reversing unused authorizations; Mastercard penalty is now a hefty .25% for misuse of authorization.

Call Christine Speedy, CenPOS Global Sales. 954-942-0483, 9-5 ET for a D365 payment gateway that can be quickly implemented. CenPOS is an integrated commerce technology platform driving innovative, omnichannel solutions tailored to meet a merchant’s market needs. Providing a single point of integration, the CenPOS platform combines payment, commerce and value-added functionality enabling merchants to transform their commerce experience, eliminate the need to manage complex integrations, reduce the burden of accepting payments and create deeper customer relationships.

Need an alternative to Authorize.net to comply with stored credential rules, including for both recurring and Unscheduled Credential On File? Authorize.net does not yet offer a solution for Visa stored credential or Mastercard. This includes both merchant initiated transaction and customer initiated transaction in addition to the other items in the Visa Stored Credential Transaction framework and mandates effective October 14, 2017.

The payment gateway is the biggest piece of the puzzle for compliance. My clients were compliant back in 2017. Whether integrated or standalone, I can help you comply with this and many other rules that impact merchant fees and chargeback risk. Even B2B companies that never have chargebacks are at risk.

Call Christine Speedy, CenPOS Global Sales. 954-942-0483, 9-5 ET for all your recurring billing and stored credential payment gateway and virtual terminal needs. CenPOS is an integrated commerce technology platform driving innovative, omnichannel solutions tailored to meet a merchant’s market needs. Providing a single point of integration, the CenPOS platform combines payment, commerce and value-added functionality enabling merchants to transform their commerce experience, eliminate the need to manage complex integrations, reduce the burden of accepting payments and create deeper customer relationships.

Do you hate it when you want to cancel a recurring billing service, but the business doesn’t let you cancel online and instead provided a phone number? Merchants offering SaaS or any recurring billing sign-up online, must allow customers to cancel online to comply with the Visa Stored Credential mandate.

What if a business does not allow you to cancel online? Report Visa violations here https://usa.visa.com/Forms/visa-rules.html. It says for in store only, but there is a check box for recurring transactions. The web site also says to contact your financial institution via the phone number on the back of the card.

The basis for the change is to enable customers more control over their purchasing, and stored card management. It makes sense if you can buy online 24/7, then you should be able to cancel online 24/7.

Rules for merchants to store cards and use stored cards changed dramatically in 2017, with enforcement beginning last year. Compliance is not automatic. Payment gateways manage most of the technical details, however, not all payment gateways are capable yet. Compliance is not optional and merchants are getting notices of violations subject to assessments and fines if not resolved. If your payment gateway or integrated solution does not support the needs to comply with the stored credential mandate, contact your acquirer, or credit card processor, to request a temporary waiver.

Call Christine Speedy, CenPOS Global Sales. 954-942-0483, 9-5 ET for all your recurring billing and stored credential payment gateway and virtual terminal needs. CenPOS is an integrated commerce technology platform driving innovative, omnichannel solutions tailored to meet a merchant’s market needs. Providing a single point of integration, the CenPOS platform combines payment, commerce and value-added functionality enabling merchants to transform their commerce experience, eliminate the need to manage complex integrations, reduce the burden of accepting payments and create deeper customer relationships.