ICVERIFY Alternatives 2017

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ic verify replacement alternativeICVerify Software is still in use in 2017, even though it was end of life back in 2015.  Alternatives are abundant, but none are comparable to CenPOS for meeting business to business (B2B) companies.

What does ICVERIFY Software end of life mean?

First Data sales, product development and support have ended. Continued use of the product will invalidate a merchants PCI Compliance.

What happens if my ICVERIFY Software stops working?

You will get zero support. If you cannot open due malfunction, you’ll have no access to records. If you’re acquirer shuts down your ability to send transaction data, and this is happening frequently because it’s not PCI Compliant, they will not turn it back on. If your acquirer finds out you’re using ICVerify in 2017, you will get shut down. It’s imperative to migrate to new solution as soon as possible.

What are alternative solutions to ICVERIFY?

A cloud payment gateway is required. There’s no software to install. You can use a payment gateway via integrated or non-integrated options, which include mobile app and virtual terminal via secure web site. ICVERIFY was a buy once and use forever product. Payment gateways have transaction fees. Many businesses make the mistake of using the one with the cheapest fee or the one that their developer or consultant is familiar with because they’ve used it for a decade or more. Are you using the same cell phone you did 10 years ago? The cheapest fee could result in the highest actual cost or inefficiency. For example, most gateways do nothing to help merchants reauthorize after an authorization expires. That matters because even though the issuer may approve the transaction, it won’t qualify for the best rate, which could be half the cost of the non-qualified rate.

What is best alternative payment gateway to ICVERIFY for a B2B company?

I’m not going to waste your time listing all the cloud payment gateways on the planet like First Data Payeezy, authorize.net, Payflow Pro, Paytrace, Cybersource, Orbital, 3Delta Systems, or 3DSI and their differences. Each has bits and pieces but none has the whole package of solutions B2B companies need. CenPOS is the only solution I know of today that will get merchants compliant with all these critical items:

  1. Comply with 2017 Visa stored credential framework and mandates. It’s complicated. CenPOS automates compliance with things like sending the merchant initiated or customer initiated use of stored credential flag.
  2. Eliminate paper credit card authorization forms with multiple digital ways to accept payments and store cards, including text and email. Sure, some gateways offer a hosted pay page, but can they generate a PCI Compliant authorization form automatically for those that still like paper?
  3. Automate authorization management, including requirement for preauthorization and settlement match and renew expired authorizations for card not present transactions.
  4. Automate compliance to qualify transactions properly for level 3 interchange rates for corporate, purchasing and business cards. Supporting level 3 is not enough, it’s complicated.
  5. Mitigate fraud risk with a layered approach, including supporting 3-D Secure, which shifts fraud liability to issuer.
  6. Encrypted Virtual Keypad (EVK) to reduce PCI Compliance scope and burden. (No card data touches your system for phone orders; avoid key logger dangers.)
  7. Audit trail as required for PCI. Every user, every touch. Available minimum 7 years.

What else makes CenPOS the best alternative payment gateway to ICVERIFY for a B2B company?

  • Graphically pleasing, easy to use. It’s like marrying the coolness of Apple design with an Amazon buying experience. People love it. Customers are happier (proven by our clients conducting their own studies).
  • Wire transaction support with electronic bill presentment and payment services. Stop the madness associated with matching deposits to invoices and getting paid the wrong amount.
  • Reports. Dynamic search and view online or download; robust custom reports, alerts and distribution. So much faster to research anything!
  • No capital investment. We make companies more profitable virtually overnight.
  • Deposits equal receivables, not net of fees. Other services are mixed. For example, authorize.net echeck service takes it’s fees out of your deposit so then you have to do some accounting magic to reconcile.

Will I be able to port over my existing data? Yes. Per PCI Compliance rules, merchants need to securely remove sensitive cardholder data from all systems. Qualified Security Assessor (QSA) companies are independent security organizations that have been qualified by the PCI Security Standards Council to validate an entity’s adherence to PCI DSS. You can find one here https://www.pcisecuritystandards.org/assessors_and_solutions/qualified_security_assessors.

Ready to get started with CenPOS? Contact Christine Speedy right now at 954-942-0483.

Christine Speedy, CenPOS authorized reseller, 954-942-0483 is based out of South Florida and NY. 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.

Test and fix TLS 1.0 to TLS v1.2 for merchant non-compliance notice

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To keep your data safe, the Payment Card Industry Security Standards Council (PCI SSC) has mandated a security upgrade impacting all merchants where web browsers can be used in the payment process. Acquirers and payment gateways have set various deadlines in advance of the required PCI TLS v1.2 Security Protocol Upgrade by  2018. Either hardware may need to be replaced or software updated.

Recently, multiple vulnerabilities have been uncovered. Criminals are using the vulnerabilities at massive levels over prior years. Security company Zscaler blocked an average of 8.4 million SSL/TLS-based malicious activities per day in the first half of 2017 for its customers on its Zscaler cloud platform. That’s why all merchants need to upgrade to the most current version of TLS (Version 1.2) and should do so as soon as possible. Because this is an absolute necessity, merchants are getting emails about hard stop dates; if not fixed, merchants will not be able to process transactions after the deadline.

TLS Deadlines vary by acquirer and payment gateway. Dates have been changing due to non-compliance so check with your partners.

  • Chase Paymentech, September 30, 2017.
  • Authorize.Net, February 28, 2018.
  • First Data varies by solution. Datawire will remove SSL v3, TLS v1.0, and TLS v1.1 on February 15th 2018.

TLS 1.0 and TLS 1.1 need to be disabled from browsers, servers and related applications. SSL 3.0 should have been disabled years ago.

Do not rely on server host companies or consultants to do this for you. It’s up to merchants to maintain PCI Compliance. If you get a notice of non-compliance from your acquirer and use a virtual terminal, test your browser below.

FREE Test SSL/TLS for Browser and Servers and updating TLS for card not present transactions:

Free SSL and TLS test from Qualys. https://www.ssllabs.com/ssltest/index.html.  If you get a YES next to TLS 1.0, SSL 3, or SSL 2, then hardening is needed.

Try updating your browser and then run the test again. If the browser is current, go to your web browser settings or preferences and disable SSL and TLS 1.0. Run the same test on your web site. If you get a yes, go to your host administration and disable in security settings.

What is TLS Security Protocol?

Transport Layer Security (TLS) and its predecessor, Secure Sockets Layer (SSL) are both frequently referred to as “SSL”. When you go to a web page and the URL is “https”, the S stands for secure, and the domain host has a security certificate installed and enabled on the web host. Websites use TLS to secure all communications between their servers and web browsers. For example, when a merchant logs into a virtual terminal using a web browser, or a customer makes a payment online via a hosted pay page or ecommerce shopping cart.

 

Christine Speedy, CenPOS authorized reseller, 954-942-0483. B2B cloud payments solutions and CenPOS enterprise cloud payment solutions expert. 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.

Mastercard Simplifies Managing Your Digital Footprint with Launch of Consumer Control

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New solution will help the 60 percent of people who say they don’t know where their card credentials are stored

PURCHASE, N.Y. –October 23, 2017 – Do you know all the places you’ve stored your payment card details? From shopping sites to billers, keeping track of where your card credentials are held can be a daunting task. Today, Mastercard Consumer Control was introduced to address just this. The solution provides consumers a central view of where their cards are stored across all digital channels, as well as the ability to control how, when and where those cards are used.

This solution enables consumers to look no further than their own trusted bank or credit union to take control of their digital payment footprint – across devices and channels. Through this solution, issuers can help their cardholders more easily add their cards to their preferred shopping sites and payment devices, and optimize spend across the digital ecosystem.

“As digital payments continue to evolve, cardholders have more and more options to enable new types of devices for payment, and to pay in new ways online and in-app,” said Jessica Turner, executive vice president Digital Payments & Labs, Mastercard. “In our ongoing commitment to deliver consumer-centric solutions, Mastercard is introducing a series of APIs that will give the consumer direct control to view where their card is stored and manage spend across all digital channels – all from right within their mobile banking app or website.”

Your Bank Your Control

According to the findings of a recent Mastercard study, about three-quarters (73%) of Americans are interested in digital management of their credit/debit card information, and they want it from their bank or credit union. Mastercard Consumer Control uniquely empowers issuing partners to deliver a bank-branded, all-digital payment solution to provide consumers full oversight of their digital payment footprint. The solution helps issuers differentiate their mobile banking offering by adding powerful new functionalities. First Tech Federal Credit Union will be among the first issuers to support Mastercard Consumer Control.

The Simplest, Most Secure Path Forward

Mastercard is also partnering with token service providers, merchants and device manufacturers like Fitbit (NYSE: FIT), Fitpay and Garmin to enhance the overall consumer experience while delivering a streamlined solution across card on file and IoT devices. Layering services including tokenization with bank identification and verification of cardholders, Mastercard Consumer Control also leverages the most advanced security methods today. And with more than three quarters (78%) of survey respondents hesitant to store their financial information online, this added peace of mind is critical.

Consumer Control is one of the more than 35 APIs available through our Mastercard Developers portal. Mastercard envisions a future powered by an API for everything – one that inspires innovators to bring their ideas to life by plugging our technology into their solutions without having to start from scratch. Through our Payments, Data Services and Security APIs, we enable customers and partners to easily integrate Mastercard proprietary technology, products and services into their digital solutions. In the last year alone, the Mastercard API Platform has seen a 400% increase in usage.

About Mastercard

Mastercard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Mastercard products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MastercardNews, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news.

Visa ID Intelligence Moves Payment Security Beyond Passwords

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Biometrics and other authentication technologies help the payment industry create seamless and secure commerce experiences

SAN FRANCISCO–(BUSINESS WIRE)–Oct. 19, 2017– Visa (NYSE:V) today announced Visa ID Intelligence, a platform that allows issuers, acquirers and merchants to quickly adopt emerging authentication technologies and create more secure and convenient ways for consumers to shop, pay and bank on their connected devices. Available through Visa Developer Platform, Visa ID Intelligence offers a curated selection of leading third-party authentication technologies with simple integration using Visa APIs and SDKs—allowing clients to create, test and adopt new authentication solutions.

The Internet of Things is expected to grow to 20 billion connected devices by 2020, exponentially expanding the devices and environments in which commerce can take place—from wearables, such as rings and watches, to home personal assistants and connected cars. Many of these devices are voice activated and not designed for typical passwords—requiring a new approach to authentication, such as face, fingerprint or voice recognition, document verification, or device and user identification. A 2017 Visa survey showed that 69 percent of US consumers believe that biometric authentication will make payments easier than using passwords.

“A consumer encounters many authentication moments during the course of a day, whether making a payment, checking a balance, or sending money to family and friends,” said Mark Nelsen, senior vice president of risk and authentication products, Visa. “But traditional methods for authenticating a customer can create frustration or are simply not designed for the new ways people are shopping and paying. We built Visa ID Intelligence to help accelerate smarter and easy-to-use authentication solutions for any commerce environment—to better protect against fraud and to move closer to a world without passwords.”

Recent Aite Group research found that, as the speed and complexity of fraud and cyberattacks increases, institutions and companies must look to nimble technology solutions that provide consumers with security as well as convenience. While many competitors offer solutions, not all of them are ideal for the payments industry and the high level of privacy, security and regulatory oversight that are required for financial transactions. Financial institutions and merchants can adopt effective and secure solutions and accelerate time-to-market with streamlined onboarding and implementation through Visa as a single trusted source. Visa has vetted technology providers to ensure they meet industry expectations for security and consumer privacy, including onsite Visa security assessments, penetration testing, and ongoing compliance audits. The platform also enables simplified contracting, saving clients potentially months of negotiations.

“Financial institutions and merchants are working hard to create streamlined and delightful digital experiences,” said Julie Conroy, research director, retail banking practice, Aite Group. “At the same time effective consumer authentication is critically important, given the escalating cyber threat landscape. The good news is that a variety of technologies can help businesses find the win-win, providing superior security while at the same time removing unnecessary friction.”

Authentication Capabilities

Today, Visa ID Intelligence features include:

  • Identity Documents – evaluates identification documents and matches selfies to photo IDs (e.g., driver’s license, passport, military ID), while extracting and converting document information into digital form. This authentication process can help financial institutions or merchants make smarter decisions and instantly provision banking services. Uses include creating new accounts, and as an alternative to customer service calls to perform password reset and lost or stolen card replacement. Au10tix provides identity document services through the Visa ID Intelligence platform.
  • Biometrics – allows clients to use biometrics such as face, fingerprint and voice to create simpler authentication experiences that meet consumer needs for convenience, security and speed. Applications include app login, payments, step-up authentication, and more. Daon, a global authentication and identity assurance solutions provider, will offer Visa ID Intelligence biometric authentication services.

Visa ID Intelligence offerings will expand in 2018 to user data and device data to improve digital identity decisioning, working with Neustar and ThreatMetrix. More information about Visa ID Intelligence can be found at www.visaidintelligence.com.

About Visa Inc.

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network—enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit usa.visa.com/aboutvisa, visacorporate.tumblr.com and @VisaNews.

Source: Visa Inc.

Dynamics AX ERP Credit Card Processing Alternatives 2017

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Need a solution to process credit cards for Microsoft Dynamics AX 2012? Whether replacing Microsoft Dynamics ERP Payment Services due to end of life announcement, or looking for an alternative to Red Maple Advanced Credit Cards, Christine Speedy has a solution to delight your customers and make your business more profitable virtually overnight. It’s wrong to thing big name gateways are compliant with your B2B payment processing needs. If that were true, our solutions would not exist.

Dynamics AX Credit Card Processing Critical Features Checklist:

  • Customer managed wallet from the very first sale, including before payment is needed. Must eliminate need for paper or digital credit card authorization forms with card data in the clear!
  • No 3rd party applications needed to get paid from invoice; automate journal entry updates. (Eliminate BillTrust and similar.)
  • Communicate the way your customers want, both text and email.
  • Automate rate qualification. A payment gateway with Level 3 processing is not enough; merchants can only qualify for level 3 (corporate, purchasing, business card) interchange rates if all the rules are met. The two most common rules B2B businesses struggle with are “Settlement within 72 hours” for card not present sales, and “Authorization amount and settlement amount must be equal”. CenPOS automates compliance, most gateways cannot.

    interchange rate qualification

    The same transaction can process at different rates, depending on which rules you follow.

  • Compliance with Visa Stored Credential Transaction framework and mandates effective October 14, 2017. Merchants need record of customers opt-in to storing and use of the stored card terms and conditions, among other items. For example, a checkbox. There are many nuances including identifying merchant initiated vs customer initiated. CenPOS automates compliance, most gateways cannot.
  • 3-D Secure cardholder authentication- increase approvals, shift fraud liability risk, and for some card types qualify for reduced interchange rates.
  • Virtual Encrypted Keypad – segment your network, software and devices from payment processing for reduced PCI Compliance scope and burden.
  • Accept payments wherever you need in AX- free text, sales orders, payment journals and more.

Improve Efficiencies, Cash Flow, Customer Experience:

  • Invoice delivery via text and email
  • 2-clicks to pay for repeat customers
  • Customer managed wallet for payment methods.
  • Invoice portal – on demand access 24/7 to view and pay invoices
  • Automated collections reminders to pay

AX Solution for all payment types:

  • ACH and check, with and without guarantee.
  • Wire- eliminate inefficiencies matching deposits to invoices and returning unidentified wires.
  • Credit card
  • Paypal and more

Depending on your current AX set up, businesses can be live in less than 2 days.

Christine Speedy, CenPOS authorized reseller, 954-942-0483. B2B cloud payments solutions and CenPOS enterprise cloud payment solutions expert. 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.