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

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.

Microsoft Dynamics AX ERP Verifone EMV Connector

Want to accept EMV chip cards with a Verifone MX 915 in your Microsoft Dynamics AX ERP? Ask me about best alternative to Payware for B2B and B2G sales. No Retail MPOS is needed. With our module you’ll be live in no time with all the protections you need to maximize profits, mitigating fraud risk and reducing merchant fees with your existing merchant account.

All transaction types are supported for all your sales channels, and you can accept payments via free text invoices, CRM and more.

The Christine Speedy difference. PCI compliance is important to mitigate data breach risk, but equally important is compliance with complicated card network rules. Have you read any of the 1,000+ pages of Visa Rules? Or 300+ Mastercard transaction processing rules? Have any of the people you rely on? I’ve spent countless hours educating myself on them and learning about the nuances that impact your profit and risk. Technology directly impacts compliance. It doesn’t matter how big or how old a company is; the reality is most players in the payments industry fall behind with every new rule that comes out, even though these rules are usually announced years in advance so that they can prepare. Call 954-942-0483, 9-5 ET for expert advice about all things payments for Microsoft Dynamics AX and D365.


Microsoft D365 ERP Invoice Custom Email Subject with CenPOS

Microsoft Dynamics AX and D365 users need a more customized invoice and sales receipt subject and body than they have with their current solution. The CenPOS F&O accounts receivable module includes the 3 most common requests users ask for.

  1. Create a custom subject and automatically insert the invoice number. For example, Sales Invoice # 231255.
  2. Create a custom body plus automatically insert subtotal, invoice #, sales tax, discount, total invoice etc and a click to pay link.
  3. Attach a PDF invoice

Invoices can be delivered via multiple methods and customers can pay via ACH, wire, credit card and other payment types directly from the email or text; customers can also login to a portal to view and pay multiple invoices. This increases efficiency for both parties and is proven to reduce DSO Because CenPOS is both the invoicing solution and a PCI Level 1 Service Provider, merchants can eliminate Red Maple Advanced Credit Cards, Billtrust and similar other third party solutions.

The sales receipt works pretty much the same way, with receipts automatically delivered via the customers preferred communication method.

The CenPOS F&O module is quick and easy to implement. All these features and more are available standalone or integrated. Integrators, developers and Dynamics users can contact Christine Speedy at 954-942-0483 for the module.

Call Christine Speedy, CenPOS Global Sales, PCI Council QIR certified, for the CenPOS Dynamics AX and D365 modules to make your business more profitable, efficient and secure. 954-942-0483, 9-5 ET.

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.

Payment Processing Application for Microsoft Dynamics AX 365 ERP

Microsoft Dynamics AX credit card processing integrated for maximum profit and maximum security with Validated Point to Point Encryption (vP2PE).

 

PCI Compliance is a moving target. We help reduce compliance burden with a PCI validated Point to Point encrypted solution. It’s important to note that only non-validated P2PE solutions have experienced data breaches in the last 12-18 months.

  • Accept credit, debit, ACH, check with guarantee, cash, wire, Paypal and more payment types. 
  • Smart Rate Selector reduces credit card processing fees, including with level 3 processing. Qualifying transactions for the lowest rates is complicated and only with dynamic rules management can merchants automate processes that impact fees.
  • Flexible processor options. You choose. Whether you want to keep your existing First Data, Chase Paymentech, Worldpay, or any other provider, or make a change, we give you options. And if you change acquirers in the future, it’s non-disruptive to operations, unlike “all-in-one” solutions.
  • Need to reduce compliance scope for card not present transactions? Our Encrypted Virtual Keypad segregates your hardware from scope.
  • Compliance with new stored card credential rules is complicated also. We reduce compliance burden with various configurable tools.

Do you have DOPS transactions currently processing credit cards?
You cannot process (authorize, capture, void, refund) any transaction through Dynamics online after Dec 31, even if that transaction occurred prior to Dec 31.  After 12/31/2017:

  • Credit cards linked in AX – Will no longer work for any connector, need to be deleted and re-entered.
  • Authorization – Will be lost.  Either process this through your new solution or work with the payment provider to capture an existing authorization if possible.
  • Capture – Will not be able to process linked refunds.
  • Void – Will not be able to void a payment.
  • Refund – Will not be able to refund a payment.

The above transaction types are very limited. For example, re-authorization, incremental authorization and authorization reversal are common types of transactions in B2B. If not managed correctly, then merchants pay higher fees and risk chargeback by both issuer or customer.

Headquartered in Miami, Florida, CenPOS is reshaping the future of commerce through technology innovation and the secure, flexible and simple solutions this enables. Christine Speedy, CenPOS Global Sales, 954-942-0483 has extensive B2B experience to help any business understand risks and benefits of alternative cloud solutions.

 

Equipment Rental Credit Card Processing Rules Change

Bobcat, Caterpillar, and other companies that offer rental equipment, all are impacted by new credit card processing rules for rentals. equipment rentals credit card processing

While businesses expect their software, including ERP, Point of Sale, and ecommerce shopping carts to help them manage compliance with credit card acceptance rules, the reality is that many don’t. Compliance increases profits; non-compliance increases new chargeback risks, interchange fees, penalty fees and authorization declines.

Traditional desktop terminals don’t support the new transaction data requirements. If merchant is not using EMV chip device, now is the time to upgrade to a cloud-based solution and fix two problems at once. Rental merchants cannot meet both card acceptance and Payment Card Industry Data Security Standards compliance requirements using traditional paper credit card authorization forms. Cloud technology and a compliant payment gateway are needed. For example, pair the Verifone MX 915 with the CenPOS validated Point to Point Encryption (P2PE) solution and use either a standalone or integrated to ERP such as Microsoft Dynamics AX.

Key elements for compliance:

  • Initial authorization transaction must send new transaction indicator that it’s an estimate; the final amount could change for example because the renter kept it longer or damaged the equipment. This is technically managed by the payment gateway.
  • If applicable, send incremental authorizations with related indicator.
  • If storing the card, the Visa Stored Credential mandate outlines the specific requirements for agreement with customer, cardholder authentication, and procedures to use a stored card on file. For example, perform cardholder authentication with either security code or 3-D Secure. 3-D Secure can only be invoked if the customer self-pays; it shifts friendly fraud liability to the issuer and merchants can also qualify some cards for even lower interchange rates.
  • Update language in agreements for opt-in to terms and conditions as required by Visa.

Card issuers and acquirers were mandated to be compliant in 2017, and merchants by October 2017, however, there’s no mandate for payment gateways. Even if an existing payment gateway supports the new requirements, merchants must make changes. Visa is the most complex, however other brands have similar rules.

From tokenization to Express Checkout, CenPOS creates a seamless commerce experience throughout the enterprise. Innovations, including Express Checkout via text or email, help businesses maximize profit in all departments. CenPOS takes the heavy lifting out of payment acceptance offering a range of solutions that simplify every aspect of implementing, operating and maintaining a payment system enabling merchants to focus on their business. CenPOS Express Checkout via text or email includes 3-D Secure capability as part of a layered security approach.

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. Powered by its enterprise-class, end-to-end transaction engine, CenPOS’ secure, cloud-based solutions seamlessly integrate with a merchants existing infrastructure minimizing disruption and saving time and money. Committed to a merchant-centric approach CenPOS provides a one-to-one level of service and support, enabling merchants to focus on their core business.

Headquartered in Miami, Florida, CenPOS is reshaping the future of commerce through technology innovation and the secure, flexible and simple solutions this enables. Christine Speedy, CenPOS Global Sales, 954-942-0483.

Reference:

https://usa.visa.com/dam/VCOM/global/support-legal/documents/stored-credential-transaction-framework-vbs-10-may-17.pdf

See also core rules, especially section 5 https://usa.visa.com/dam/VCOM/download/about-visa/visa-rules-public.pdf