Can I use CenPOS gateway for Quickbooks electronic invoicing EIPP alternative?

Businesses can use the CenPOS Quickbooks integration for einvoicing and payment from text or email. The CenPOS electronic bill presentment and payment, or EBPP, also known as electronic invoice presentment and payment, or EIPP, will improve your customer experience and boost cash flow, as an alternative to the Intuit PaymentNetwork.

cenpos eipp electronic invoice presentment and payment

CenPOS EIPP screenshot of email body

Intuit PaymentNetwork is an electronic invoicing and payment service to accept credit cards, debit cards and ACH payments. CenPOS is a univeral payment processing network that streamlines the payment experience for merchants and customers through all sales channels, and multiple payment types. The CenPOS Quickbooks plugin is easy to use increases profits and cashflow vs Intuit einvoicing solution.

CenPOS vs Quickbooks Intuit EIPP Core Differences:

EIPP Quickbooks Intuit vs CenPOS reviewSome specific advantages:

  • Easier for customers to buy- proven to reduce DS, and increase satisfaction
  • Easier for customers to buy- proven to increase business to business sales
  • Agnostic to financial partners- non-disruptive if you change them
  • Does not create a new customer if the cardholder name does not match the name on the invoice (big complaint for Quickbooks users)

When comparing CenPOS vs Intuit’s Quickbooks EIPP solutions, CenPOS is a far more robust and powerful solution to maximize profits. Contact us for the free plugin and CenPOS services.

EBill payments via text or email improve PCI Compliance video

Ebill and einvoice systems send invoices vs Electronic Bill Presentment and Payment or EBPP gets you paid from that request via text or email. This critical difference has a major impact on security and PCI Compliance. This  video demo is for a standalone solution to accept online payments, including credit card. ACH and wire. Integrated solutions for Quickbooks, ERP, or other, are also available.

Video CenPOS EBPP Lite demo shows the simplicity of sending an einvoice with request for payment via email to an existing customer, that has previously made a purchase and stored their credit card. Customers can self-update their payment methods, store multiple methods. Ask for any feature, and yes, we probably support it.

A layered approach to card not present fraud protection is critical with increasing financial industry changes. In addition to the traditional address and CVV verification, cardholder authentication, IP blocking and other tools can be used to guarantee payment against fraud globally (some restrictions apply).

Eliminate credit card authorization forms with sensitive cardholder data. No one likes them, they’re time wasters for both parties, cards get expired etc. At best, they offer flimsy protection against fraud. Worse, they’re a PCI Compliance nightmare.  In the event of a data breach, it’s likely impossible to prove compliance if you use them. Regardless of how secure and loyal you think your employees are, stuff happens and when identity theft related to credit cards occurs, your business has a 50% chance of survival.

Contact Christine Speedy, 954-942-0483, 3D Merchant Services, 9-5 ET. Your merchant account, our cloud hosted payment gateway solutions.

Steps to Reduce Credit Card Fraud For Distribution Industry

dealer fraud credit card processingCredit card fraud is still rampant in the US, even after US EMV liability shift convinced many merchants to purchase terminals to support chip cards. Marine, auto, and other high value parts dealers have long had a problem mitigating fraud risk with local and international parts.

  1. For card not present orders, require self-pay with cardholder authentication. Taking cards over the phone, and or requiring a credit card authorization form, will not protect against all forms of counterfeit card fraud. However, consumer authentication shifts liability back to the issuer; the issuer guarantees payment, and because it’s lower risk, dealers can qualify for lower interchange rates, the bulk of merchant fees. Online payment, ecommerce payment, and electronic bill presentment and payment are the 3 methods dealers can use to enable self-payment.
  2. For retail orders, EMV is mandatory. Not by regulation, but by necessity. If a chip card is presented, and merchant supports, they’re 100% protected from counterfeit card fraud, and sometimes lost or stolen cards; if not supported by the merchant, the merchant can be automatically charged back at the issuers discretion and there’s no dispute process for merchants.
  3. Check guarantee. Whether in person or via echeck, check guarantee services are only good if they don’t reject your checks later on. Surprisingly (or maybe not), some services seem to look for ways not to approve your claim, such as information is missing from checks. This can be avoided with technology that forces users to collect the right data, including for remote self-payers.

If all of the above are implemented, dealers are protected from virtually any type of credit card fraud. The following tips will help prevent other types of lost disputes, or serve as supporting documentation if not all the above are implemented.

  1. Get a signed sales order. This can reduce non-fraud claims related to disputes about what was expected. The sales order should clearly state what was sold, refund policy, and cancellation policy, or refer to another document that specifies the information, but is initialed acceptance on the sales order.
  2. Ship to cardholder billing address. If not possible, then get cardholder approval that states bill to and ship to address are different, and they’re approval.
  3. Require all communications to cardholder business email address if selling wholesale. Free email like gmail is not OK.
  4. Require cardholder respond from business email address approving transaction receipt. This is a strong document in the case of a dispute for “I didn’t approve it”, especially when a third party is picking up the part from the dealer.
  5. The marine, automotive and other distribution companies are hit particularly hard with non-qualified transaction penalties when shifting between retail, key entered, and online payments. It’s critical that transactions are presented properly not only to qualify for lower rates, but to protect against lost disputes that require specific evidence for each type of transaction.

Not related to security, but critical for interchange rate qualification, the bulk of credit card processing fees, all services (retail, MOTO, ecommerce) should support level III processing.

In summary, dealers need US EMV and cardholder authentication to maximize risk mitigation from credit card fraud. US EMV requires terminal certification, and gateway certification* to your merchant account provider. Cardholder authentication requires a payment gateway certified for the service.  There are very few companies that meet all these requirements so if your credit card processing salesperson gives you a blank stare when you ask, it’s time to explore other options.

*A payment gateway certified for level III retail to your acquirer is required; countertop terminals are incapable of sending level III data.

Hosted Pay Page vs EBPP – EIPP

How can a hosted pay page or electronic bill presentment and payment (EBPP), also known as electronic invoice presentment and payment (EIPP) improve your customer experience? Cardholders are increasingly weary about giving out card data over the phone, or worse, via fax, which also has PCI Compliance implications. Reducing friction to collect payments, while putting cardholders in control of their data, is proven to increase sales and cashflow.

A hosted pay page enables customers to passively pay bills online via a secure web page. Payment types may include credit cards, Paypal, ACH (echeck), and other methods. The burden for entering all fields is on the customer. Many payment gateways offer this service free.

hosted paypage online payments

A hosted pay page empowers customers to make secure payments online.

With EBPP, the payment request is delivered to the customer via email or text. Instead of asking customers to find the pay page, the customer is given a link to pay a specific bill or invoice, or multiple invoices, and some of the data may be prefilled. Empowering customers to review and pay multiple invoices on demand by logging into a secure portal is also a significant benefit. With our recommended solution, repeat customers with stored payment methods can pay an invoice in 2 clicks, no login required. Customers prefer EBPP vs hosted pay page. Payment types may include credit cards, Paypal, ACH (echeck), wire, and other methods.

eipp payment request

Body of email containing pre-filled payment info, and link to securely pay online.

Merchants can reduce risk of lost credit card disputes and resulting chargebacks with a multifaceted approach:

  • Ecommerce merchant account is required
  • Verify address & zip code
  • Verify CVV / CID security code; if using token billing, prior validation is OK. You do not need to verify after the first transaction.
  • 3-D Secure: Verified by Visa (Vbyv) and MasterCard SecureCode – cardholder authentication shifts fraud liability back to issuer.  Not all issuers support and implementation varies by payment gateway and other factors. Check the rules to see how it fits in your fraud prevention program.
  • How can a merchant enable customers to remotely pay an invoice, while maximizing security to prevent chargebacks from disputes? A critical step is managing the transaction representment to the issuer. It must be sent with the correct indicator and comply with all rules, including authorization validity
  • Require all B2B customers to confirm copy of the emailed receipt via a company email address. This is overkill for for most, but effective as part of an exception plan.
  • Optional custom procedures may be added based on risk tolerance.

In summary, either method of online payments increases security and enables customers to pay 24/7 to increase cash flow. EBPP or EIPP solutions have significant additional benefits and the cost to implement has dropped significantly, with many businesses experiencing an instant ROI.

UPDATE:  To comply with Visa disclosure and consent rules, only use solutions with a checkbox to opt-in to terms.

Christine Speedy, CenPOS global sales and integrated solutions reseller, 954-942-0483. 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.

What’s the difference between EIPP and EBPP?

Both EIPP and EBPP refer to electronic bill presentment and payment and the term can be used interchangeably. E-invoicing and Ebilling started out as a way to electronically deliver invoices; They’re interchangeable as well. The next phase in payment technology included a way collect payment in addition to electronic invoice delivery. EIPP is sometimes used to describe business to business, or B2B, invoicing and EBPP business to consumer, or B2C, but there’s no hard rule. In fact, historically, you may find more references to EBPP vs EIPP.

Companies that primarily deliver B2B electronic bill presentment and payment solutions to businesses include CenPOS, 3Delta, and Billtrust. The differences in solutions is huge. Contact Christine Speedy for insights.