ELECTRONIC PAYMENT PROCESSING NEW TOOLS AND TECHNOLOGY
|
|
- Kevin Crawford
- 8 years ago
- Views:
Transcription
1 ELECTRONIC PAYMENT PROCESSING NEW TOOLS AND TECHNOLOGY Matt Fluegge Dean Middleton Dan Sollis National Acct. Executive President, UTA Executive VP
2 TODAY, YOU WILL LEARN ABOUT: ACH GATEWAY CREDIT CARD GATEWAY REMOTE DEPOSIT CAPTURE EBPP VIRTUAL LOCKBOX REPORTING TOOLS
3 THE 3 MOST IMPORTANT THINGS FOR A CREDIT MANAGER REGARDING AN EXISTING OPEN ACCOUNT PORTFOLIO 1 DSO 2 DSO 3 DSO
4 ACH GATEWAY
5 BENEFITS Increase the ability to get paid when performing collection calls Improve your A/R aging Reduce your DSO Reduction of traditional lockbox and other bank fees Enable batched deposits Integrated reporting enabling auto cash application & auto posting Accelerated returns notification; NSF s discovered earlier Schedule future or recurring transactions Electronic transactions take precedence over paper checks Eliminate lengthy wait time associated with mail services, fax checks, and traditional lockboxes Significantly lower cost than credit card processing fees
6 TURNKEY SOLUTION ACH Gateway enables you to receive funds from your customers almost instantaneously in a secure internet environment. Convenient - An ACH transaction can be processed over the phone or internet. Secure - As ACH transactions are designed to occur automatically and electronically, they dramatically lessen the amount of people who can access the personal information. Furthermore, the electronic nature of ACH transactions means that the records cannot be stolen, lost or misplaced in the mailing system. Reduces Costs - ACH payments are substantially cheaper than accepting a credit card payment over the phone. The Office of the Comptroller of the Currency estimated that a traditional paper check transaction costs five times as much to process as the same transaction processed through the ACH. Access to Funds - Accelerated funds availability, usually within hours. No need for time-consuming and expensive integrations.
7 , , , , , ,000.00
8 SCHEDULED PAYMENTS
9 CREDIT CARD GATEWAY
10 CREDIT CARD GATEWAY Obstacles Opportunities Pricing Convenience Compliance Configuration of acceptance
11 Payment System Roles & Responsibilities Three key entities manage the payment system: Issuers: Issue cards Assume buyer s credit risk Generate reports Provide customer service Networks: Provide systems/operations Develop products Provide risk management Offer advertising and promotions Set standards and rules Acquirers: Sign up merchants Underwrite merchant risk Provide processing Handle authorization Manage Capture/Settlement Generate reports Provider customer service 11
12 Fee Breakdown Interchange Network Assessments & Other Fees Processing Fee 12
13 Interchange Management What is the Interchange Fee? The largest cost component of a merchant transaction Collected by Acquirer from the merchant for every Visa, MasterCard, and Discover transaction. Passed through Visa, MasterCard, and Discover to the card Issuer. NOTE: Does not include other network pass-through fees such as those for Dues & Assessments, Network Access & Brand Usage, Acquirer Processing, Network Settlement / Base II, Risk, etc. 13
14 Fee Breakdown $500 Visa B2B Transaction $ $ $0.001 $0.04 Interchange (2.10% + $0.10) $ $1.25 Visa Base II Fee Tran Fee Comm/Gateway Fee Total Cost = $12.46 $10.60 Visa Acq. Proc. Fee Visa Assessment Visa Risk Fee Interchange represents 85% of the cost of this transaction. *Based on Average Ticket currently qualifying for the Visa Commercial B2B Business Card rate effective April 2015
15 Interchange Management Fees are influenced by 3 key considerations Market Segment Processing Technology Card Products B2B Travel & Entertainment Fuel Grocery Other Retail Recurring Payments ecommerce Restaurants Emerging Market Card Terminal POS Software Systems Virtual Terminal Automated Fuel Dispenser (AFD ) Key Entry Emerging Technology Consumer Cards Credit Debit Rewards World Signature Commercial Cards Purchasing Business Corporate Fleet 1
16 Visa Business Card Not Present Transaction With AVS (Address Verification) 2.10% + $0.10 Without AVS and Level II data 2.95% + $ % Downgrade 16
17 Interchange Management Incentive Interchange Programs Commercial Cards Level II / III Commercial Cards Large Ticket Savings Opportunity: Decreased expense Increased profit 17
18 Commercial Card Data Levels Level 1: Card number, expiration date, location information, Tax ID, AVS Level 2: Customer Code Sales Tax Indicator Sales Tax Amount Tax exempt transactions cannot qualify for Level 2, but they can qualify for Level 3 Level 3: Line Item Detail invoice data such as quantity, description, dollar amount. This is not a comprehensive list of level 3 data requirements. The greater amount of data provided, the lower the interchange rate. 18
19 PROCESSING LEVEL QUALIFICATION CHART Good Better Best! Data Type Level 1 Level 2 Level 3 Level 1 transactions are your standard transactions with just minimal data. The card holder is using a personal or commercial credit card. Level 2 transactions are taxable card transactions, with a customer code on purchasing card transactions. Level 3 transactions are available on MasterCard commercial cards and Visa purchasing and corporate credit cards. Level 1 & 2 transactions can be processed through a standard credit card terminal or PC processing. Level 3 transactions require special software to transmit the extra information required to qualify the transaction.
20 Interchange Rate Examples Visa Purchasing Card: Purchasing Standard 2.95% + $0.10 Purchasing Card Not Present (tax exempt) 2.65% + $0.10 Purchasing Card Present (tax exempt) 2.50% + $0.10 Purchasing Level II Rate (taxable) 2.05% + $0.10 Purchasing Level III Rate 1.85% + $0.10 Purchasing Large Ticket Rate: 1.45% + $35.00 MasterCard Business Card: Business Standard 2.95% + $0.10 Business Data Rate I (tax exempt w/ no L3) 2.65% + $0.10 Business Data Rate II (taxable) 2.00% + $0.10 Business Data Rate III 1.75% + $0.10 Business Large Ticket Rate: 1.20% + $
21 Sample Transaction Costs: Interchange Expense Visa Purchasing Card: $500 transaction Purchasing Standard (minimal data): $14.85 Purchasing CNP (tax exempt, w/out Level 3): $13.35 Purchasing Level II Rate (taxable): $10.35 Purchasing Level III Rate: $ % reduction in cost by processing Level III data versus minimal data. MasterCard Business Card: $500 transaction Business Data Rate I (Level I): $13.35 Business Data Rate II (Level II, taxable): $10.10 Business Data Rate III (Level III): $ % reduction in cost by processing Level III data versus Level I 21
22 Large Ticket Interchange Expense Visa Purchasing Card: $50,000 transaction Purchasing Standard (minimal data): $1, Purchasing CNP (tax exempt, w/out Level 3): $1, Purchasing Level II Rate: $1, Purchasing Large Ticket Rate: $ % reduction in cost by processing Level III data versus minimal data. MasterCard Business Card: $50,000 transaction Business Data Rate I (Level I): $1, Business Data Rate II (Level II): $1, Business Large Ticket: $ % reduction in cost by processing Level III versus Level I data 22
23 Large Ticket Example MasterCard Business L4 Card: $39, transaction Data Rate I (tax-exempt) 2.96% + $0.10 $1, Data Rate II (taxable) 2.31% + $0.10 $ Large Ticket (level III) 1.51% + $40.00 $ % reduction in cost by processing Level III versus Level I data $ Savings 23
24 B2B COMPANY: PROCESSING FEE SUMMARY Current NACM Program Savings Account 1 - Sept. $87, $61, $25, Account 1 - Oct. $63, $45, $18, Account 2 - Sept. $3, $2, $ Account 2 - Oct. $2, $2, $ Account 3 - Sept. $3, $1, $2, Account 3 - Oct. $6, $2, $4, TOTALS $167, $116, $51, * EFFECTIVE RATE 3.14% 2.17% $5,347, Effective rate = fees divided by Visa/MC/Discover Sales Visa/MC/Disc Sales AVG. MONTHLY SAVINGS $25, % TOTAL ANNUAL SAVINGS $310, SAVE 24
25 Level 3 Impact Without Level 3 Data on tax exempt payments, merchants are paying on average 0.25% to 0.90% more than they could be on every Level 3 capable commercial card transaction. 25
26 Changes to Commercial Card Interchange Interchange Fee Program Every card type/category is increasing by 0.00% to 0.45%, Except Level III qualified cards Visa Corporate Through 10/17/14 Visa Purchasing Effective October 18, 2014 Visa Corporate and Visa Purchasing Commercial Electronic 2.75% + $ % + $ % + $0.10 Commercial Non-Travel Level III 1.95% + $ % + $ % + $0.10 Commercial Business-to Business 2.10% + $ % + $ % + $0.10 Eliminated in April 2015 Eliminated 4/15 Commercial Retail / Card Present 2.10% + $ % + $ % + $0.10 Commercial Card Not Present 2.20% + $ % + $ % + $
27 ,
28 REMOTE DEPOSIT CAPTURE
29 REMOTE DEPOSIT CAPTURE 1 2 3
30 ACH VS. RDC Subject ACH RDC What are the differences between ACH and RDC? Paper check payment is converted to an ACH electronic payment. This works as follows: Paper check is tendered for payment. Payee adds payment amount and name of payee, then transmits data through the ACH Network to debit customer s account. In ARC, the check is destroyed after conversion; in POP, the check is returned to the checkwriter at the time of payment. These transactions flow through the ACH Network. Paper check payment is imaged; the image is later converted into a substitute check. The substitute check is used in the paper check collection system. This works as follows: Paper check is captured and converted into a digital image. An FI the reconverting bank uses the digital image to create a substitute check, which is a paper reproduction of the original check (front and back). The substitute check must bear this legend: This is a legal copy of your check. You can use it the same way you would use the original check. These transactions do not flow through the ACH Network. Enabling legislation or NACHA Operating Rules Check Clearing for the 21st rules Century Act When service began POP: 1999 / ARC: 2002 October 28, 2004 Authorization required from check writer to convert or truncate Biller or retailer obtains authorization from check writer to convert checks None.
31 MOBILE APPLICATION: RDC & CREDIT CARD Ability to process payments outside of your traditional POS environment Take images of checks with the camera on your own ios or Android device Accept personal or business checks from virtually any customer Accept credit card payments from your mobile phone/tablet
32 ELECTRONIC BILL PRESENTMENT & PAYMENT
33 ELECTRONIC BILL PRESENTMENT & PAYMENT Outsource your billing functions and realize: Savings of 25% to 50%, or more Improve DSO by 4-10 days, or more Reduce labor and material costs Improve customer satisfaction Improve overall efficiencies
34 Funds are transferred and reported to Merchant s bank account. 6 Posting of Remittance and Payment Transfer for automated Cash Application 1 Data Transfer Basic file from your accounting system Merchant gathers billing data file to transmit to payment processor. Transaction processed via payment gateway. 5 Payment & Remittance Processing ACH & Credit Card with level III Security & Compliance Marketing Options Data Conversion for SQL Processing and parsing to your custom documents 2 Data conversion for online archive presentment on a custom built website or print-to-mail process. Customer visits online archive to review bill and submit payment. Website Access Customer selfservice Presentment & Payment 4 Delivery of Bills Print & mail, fax, and web portal 3 Paper/ /Fax
35 VIRTUAL LOCKBOX
36 VIRTUAL LOCKBOX Straight-through Automated A/R Processing: Greatly expedites payments and deposits Automatic posting to your A/R Uses state of the art character recognition Search just like using your favorite web search tool Virtually eliminates human error 85% - 90% capture rate Significant reduction of traditional lockbox fees
37 VIRTUAL LOCKBOX Straight-through Automated A/R Processing:
38
39
40
41
42 BLUEPRINT FOR A UNIVERSAL AR AUTOMATION PLATFORM A single system that can process any type of payment from any channel One hub for viewing all past and current AR Payments One hub for implementing AR payment rules regardless of payment type or channel Ability to implement very quickly without changes to your existing applications Offered in a SaaS model requiring little upfront investment pay for itself out of savings
43 SUPPORTING DIFFERENT PAYMENT OPTIONS Cash: tracking and posting to AR Check capturing at the point of presentment ACH with authorization Credit Card- with support for Level 2 and 3 data Wires Online payments The future Bitcoin and beyond
44 REPORTING TOOLS
45 REPORTING TOOLS On Demand Reporting 1. Web Based Online 2. Export Data CSV PDF Excel Custom Reports Automated Reporting 1. CTX EDI API XML Interface 3. SFTP File Delivery
46 OVERVIEW: ACH GATEWAY CREDIT CARD GATEWAY REMOTE DEPOSIT CAPTURE EBPP VIRTUAL LOCKBOX REPORTING TOOLS Agnostic to your banking relationship Integrated or on-demand hosted solutions available Needed for your portfolio TO BE MORE SUCCESSFUL!!!
47 QUESTIONS & THANK YOU!! Dean Middleton (786) Matt Fluegge (608) Dan Sollis (630)
Credit Card Surcharge Rules & Fee Reductions. September 17, 2014 Matt Fluegge Vantiv
Credit Card Surcharge Rules & Fee Reductions September 17, 2014 Matt Fluegge Vantiv B2B Trends Surcharging Rules Reducing Fees Impact New Interchange Rates 10/18/14 EFT s: Electronic Funds Transfer types
More informationUpdates on Credit Card Surcharging and Acceptance. Matt Fluegge, Ron Clifford, Scott Blakeley, Brad Boe June 14, 2016 9:00 am Session Number 25042
Updates on Credit Card Surcharging and Acceptance Matt Fluegge, Ron Clifford, Scott Blakeley, Brad Boe June 14, 2016 9:00 am Session Number 25042 Updates on Credit Card Surcharging and Acceptance June
More informationMoving to E-payments, Part Two: Are Electronic Collections Right for Your Business?
Moving to E-payments, Part Two: Are Electronic Collections Right for Your Business? Written by: Linda Coven Head of Online Banking and Channel Management 408.654.7308 lcoven@svb.com Susan Merrill Sr. Product
More informationInterchange Optimization: Are you getting the best rate?
2012 Interchange Optimization: Are you getting the best rate? Northpark Town Center 1200 Abernathy Road, Suite 1700 Atlanta, Georgia 30328 (800) 846-1305 www.optimizedpmts.com There are many costs associated
More information5500 Brooktree Road, Suite 104 Wexford, PA 15090 888-436-5101 www.profituity.com AN OVERVIEW OF ACH COPYRIGHT 2013, PROFITUITY, LLC
5500 Brooktree Road, Suite 104 Wexford, PA 15090 888-436-5101 www.profituity.com AN OVERVIEW OF ACH COPYRIGHT 2013, PROFITUITY, LLC Page 2 of 11 Contents Automated Clearing House... 3 The Role of NACHA...
More informationCredit vs. Debit: The Network Perspective
July 25, 2010 Credit vs. Debit: The Network Perspective Richard Santoro, Vice President, Government Affairs MasterCard Worldwide 1 Overview Origins of Payment Cards Four-Party Payment System Model Anatomy
More informationGLOSSARY OF MOST COMMONLY USED TERMS IN THE MERCHANT SERVICES INDUSTRY
GLOSSARY OF MOST COMMONLY USED TERMS IN THE MERCHANT SERVICES INDUSTRY Acquiring Bank The bank or financial institution that accepts credit and/or debit card payments for products or services on behalf
More informationThe Merchant s Guide To Achieving Better Interchange Rates
The Merchant s Guide To Achieving Better Interchange Rates Wells Fargo Merchant Services 2007 Wells Fargo Merchant Services, L.L.C. All rights reserved. 04/07 Table of Contents Manage Your Card Payment
More informationA Glossary of Key Terms for the Vendor to Surcharge to Make Card Payments a Price Competitive Payment Channel By: Scott Blakeley, Esq.
A Glossary of Key Terms for the Vendor to Surcharge to Make Card Payments a Price Competitive Payment Channel By: Scott Blakeley, Esq. & Brad Boe Abstract Customers have payment channel choices, whether
More informationAnswers for Merchant Service RFP Questions
Answers for Merchant Service RFP Questions The Will County Treasurer s Office has received several questions concerning our RFP for Merchant Services and Credit Card Processing. Here are our replies. We
More informationCost-management strategies. Your guide to accepting card payments cost-effectively
Cost-management strategies Your guide to accepting card payments cost-effectively Table of Contents Guidance from Wells Fargo Merchant Services...3 The secret to better interchange rates...4 Why interchange
More informationPayLeap Guide. One Stop
PayLeap Guide One Stop PayLeap does it all. Take payments in person? Check. Payments over the phone or by mail? Check. Payments from mobile devices? Of course. Online payments? No problem. In addition
More informationMerchant Account Reports
Title Page Merchant Account Reports User Guide June 2014 CyberSource Corporation HQ P.O. Box 8999 San Francisco, CA 94128-8999 Phone: 800-530-9095 CyberSource Contact Information For general information
More informationHow To Control Credit Card And Debit Card Payments In Wisconsin
BACKGROUND State of Wisconsin agencies accepted more than 6 million credit/debit card payments annually through the following payment channels: Point of Sale (State agency location) Point of Sale (Retail-agent
More informationMerchant e-solutions Payment Gateway Back Office User Guide. Merchant e-solutions January 2011 Version 2.5
Merchant e-solutions Payment Gateway Back Office User Guide Merchant e-solutions January 2011 Version 2.5 This publication is for information purposes only and its content does not represent a contract
More informationGlossary ACH Acquirer Assessments: AVS Authorization Back End: Backbilling Basis Point Batch
Glossary ACH: Automated Clearing House; an electronic payment network most commonly associated with payroll direct deposit, recurring payments, and is the network most commonly used to settle merchant
More informationOr What makes Canadian Banking different?
CANADIAN BANKING Sharing a Border Or What makes Canadian Banking different? Ray Kohler Senior Relationship Manager, US Markets RBC Royal Bank 1 Agenda Understand the basic differences between Canadian
More informationYour Bank + Elan Financial Services =
Your Bank + Elan Financial Services = Credit Card Issuing Alliance Leveraging the power of your brand. Strengthening your suite of credit card products. Partnership for your success. Collaborative Partnership
More informationThe Receivables Race to Maximize Control and Automation Nina Hanselmann Cheryl Lehotyak. MN AFP April 28, 2015
The Receivables Race to Maximize Control and Automation Nina Hanselmann Cheryl Lehotyak MN AFP April 28, 2015 Every race consists of key milestones 6. Finish 1. Prepare 5. Pit Stops 2. Know the Course
More informationReliantPay s Guide to Achieving Better Credit Card Processing Rates
s Guide to Achieving Better Credit Card Processing Rates 14280 Manchester Rd. St. Louis, MO 63011 (636) 220-7255 Table of Contents Manage Your Card Payment Process for Better Interchange Rates 3 Why Interchange
More informationDownload at http://www.nfib.com/paymentquestions
Payment Processing Best Practices: Tools, Tips and Resources to Save Time and Money Kathleen Ervin, Vice President of Marketing Ron Demmans, Director of Sales Administration Download at http://www.nfib.com/paymentquestions
More informationThe Wells Fargo Payment Gateway Business Center. User Guide
The Wells Fargo Payment Gateway Business Center User Guide Contents 1 Introduction 1 About the Wells Fargo Payment Gateway service Business Center 1 About this guide 2 Access the Business Center 2 Log
More informationVolume PLANETAUTHORIZE PAYMENT GATEWAY. vtiger CRM Payment Module. User Guide
Volume 2 PLANETAUTHORIZE PAYMENT GATEWAY vtiger CRM Payment Module User Guide S A L E M A N A G E R M E R C H A N T S E R V I C E S User Guide and Installation Procedures Information in this document,
More informationRedwood Merchant Services. Merchant Processing Terminology
ACH - Automated Clearing House for member banks to process electronic payments or withdrawals. (Credits or debits to a bank account) through the Federal Reserve Bank. Acquiring Bank - Licensed Visa/MasterCard
More informationThe following information was prepared to assist you in understanding potential Electronic Value Transfer terminology.
ELECTRONIC VALUE TRANSFER CONTRACT (EVT) GLOSSARY OF TERMS The following information was prepared to assist you in understanding potential terminology. Term Description ACH Automated Clearing House is
More informationHow Do I Understand Credit Card Processing Fees?
How Do I Understand Credit Card Processing Fees? Credit card processing rates and fees are often misunderstood and confusing, so we are committed to helping you understand the various costs associated
More informationE-Commerce, Merchant Processing, EMV and General Best Practices for Municipalities
E-Commerce, Merchant Processing, EMV and General Best Practices for Municipalities T.C. Kennedy. CTP Senior Vice President Treasury & Payment Solutions SunTrust Bank Electronic Commerce Defined Segment
More informationThe Science of Credit Card Processing
The Science of Credit Card Processing Page 1 Credit Card Processing How does credit card processing work? You may receive credit card payments from customers from a variety of sources. You may swipe their
More informationFailure to follow the following procedures may subject the state to significant losses, including:
SUBJECT: Policy and Procedures PAGE: 1 of 5 INTRODUCTION During fiscal year 2014, State of Wisconsin agencies accepted approximately 6 million credit/debit card payments through the following payment channels:
More informationCHECK 21 AND ELECTRONIC CHECK CONVERSION FREQUENTLY ASKED QUESTIONS. What to expect from the Check 21 law and check conversion.
CHECK 21 AND ELECTRONIC CHECK CONVERSION To facilitate check truncation and electronic check exchange, the Check 21 Act authorizes a new negotiable instrument called a "substitute check." A substitute
More informationQUICK GUIDE Automated Clearing House (ACH) Rules for ACH Originators
QUICK GUIDE To ensure compliance with current regulations, all ACH Originators must obtain a current copy of the National Automated Clearing House Association (NACHA) Operating Rules (Rules) and Guidelines
More informationGrow with our omni-channel payment processing technologies and merchant services.
Grow with our omni-channel payment processing technologies and merchant services. Get ready for growth Payment processing solutions ecommerce mcommerce In-app payments Virtual terminal Card present EMV
More informationPayment Methods. The cost of doing business. Michelle Powell - BASYS Processing, Inc.
Payment Methods The cost of doing business Michelle Powell - BASYS Processing, Inc. You ve got to spend money, to make money Major Industry Topics Industry Process Flow PCI DSS Compliance Risks of Non-Compliance
More informationAdministrative Simplification Operating Rules
Administrative Simplification Operating Rules April 8, 2014 Geanelle Herring Policy Analyst, Administrative Simplification Group Centers for Medicare & Medicaid Services Priscilla Holland, AAP, CCM Senior
More informationTHE ABC s of Credit Card Processing
THE ABC s of Credit Card Processing 1 Page Credit Card Processing As you well know, the fee s you pay to process credit card transactions represents a large portion of your monthly overhead. At AMG Payment
More informationChapter 40 - E-Commerce: Electronic Acceptance and Disbursement of State Funds/Benefits
Chapter 40 - : Electronic Acceptance and Disbursement of State Funds/Benefits 40.10 General Provisions 40.10.10 Policies in this chapter are minimum standards July 1, 2010 40.10.20 Authority for these
More informationVisa Infinite Infinite Platinum
INTERCHANGE RATES The following is a summary of interchange rates of Visa Canada, MasterCard Canada, Discover Financial Service and Interac Direct Payment. For more information please visit: http://www.visa.ca/en/aboutcan/mediacentre/interchange/index.jsp
More informationAccelerating Your Cash Flow
Accelerating Your Cash Flow Invoices On-Line Invoices On-Line (IOL) from Direct Insite delivers on-demand AP, AR and payments capabilities that are deployed fast, with minimal cost and operational impact,
More informationPhone: (541)447-5627 FAX: (541) 447-5628 Web Site: www.cityofprineville.com
City of Prineville 387 NE THIRD STREET PRINEVILLE, OREGON 97754 Phone: (541)447-5627 FAX: (541) 447-5628 Web Site: www.cityofprineville.com January 26, 2015 ADDENDUM # 3 - RFP# 1002-13-14 TITLE: Banking
More informationUnderstanding Your Merchant Fees Presented by:
Understanding Your Merchant Fees Presented by: Melinda Speer Terry Endres VP Strategic Sales Executive SVP Treasury Management Officer Health, Institutions, & Government Government Treasury Services Chicago,
More informationVisa Debit processing. For ecommerce and telephone order merchants
Visa Debit processing For ecommerce and telephone order merchants Table of contents About this guide 3 General procedures 3 Authorization best practices 3 Status check transactions 4 Authorization reversals
More informationWhat is Interchange. How Complex is Interchange?
What is Interchange The foundation of the entire Bankcard Processing industry s cost structure. Interchange is the wholesale price, charged by Card Issuing Bank, for Authorization and Settlement of a credit
More informationCORPORATE LIQUIDITY. AVANTGARD epayment Services Leaving the check behind with an integrated payments service
CORPORATE LIQUIDITY AVANTGARD epayment Services Leaving the check behind with an integrated payments service B2B CHECKS RACK UP $25 BILLION IN PROCESSING COSTS ANNUALLY AFP Electronic Payments Survey Leaving
More informationMerchant Card Processing Best Practices
Merchant Card Processing Best Practices Background: The major credit card companies (VISA, MasterCard, Discover, and American Express) have published a uniform set of data security standards that ALL merchants
More informationMerchant Account Glossary of Terms
Merchant Account Glossary of Terms From offshore merchant accounts to the truth behind free merchant accounts, get answers to some of the most common and frequently asked questions. If you cannot find
More informationManaging A Convenience Fee Program
Managing A Convenience Fee Program Michael Volk Vice President, Commercial Product Manager U.S. Bank Jeremy Krahl Regional Sales Manager Elavon Information Services NACHA Payments 2008 May 21, 2008 Agenda
More informationMerchant Processing Application and Agreement Form (MPA) Agent Training First Data Learning Organization
Merchant Processing Application and Agreement Form (MPA) Agent Training First Data Learning Organization Copyright 2010, First Data Corporation. All Rights Reserved. Developer: 26/CD Rev: 5/17/2010 Objectives
More informationa CyberSource solution Merchant Payment Solutions
a CyberSource solution Merchant Payment Solutions 1 Simplifying Payments Safe and reliable payment processing is essential to your business. Authorize.Net, a leading payment gateway since 1996, provides
More informationLessons Learned from the Integrated Receivables Frontier. Jack Kosmoski, BMO Harris Bank, N.A. Dave Schier, Jacobus Energy, Inc. September 23, 2014
Lessons Learned from the Integrated Receivables Frontier Jack Kosmoski, BMO Harris Bank, N.A. Dave Schier, Jacobus Energy, Inc. September 23, 2014 What is Integrated Receivables? The biggest thing in receivables
More informationCREDIT CARD PROCESSING GLOSSARY OF TERMS
CREDIT CARD PROCESSING GLOSSARY OF TERMS 3DES A highly secure encryption system that encrypts data 3 times, using 3 64-bit keys, for an overall encryption key length of 192 bits. Also called triple DES.
More informationMerchant Card International A Name you can TRUST!
Welcomes To About Merchant Card International (MCI) Merchant Card International being a Nationwide presents (offices) ) has more than 15 years experience in the transaction processing business. Our reputation,
More informationBig ROI and Little Investment
Card Payments Review Creates Big ROI and Little Investment ALi Lincoln Electric ti Case Study &P Panel ldiscussioni Aaron Bills / COO / 3Delta Systems Ed Henry / Director, Finance Operations / Thermo Fisher
More informationCost-Reducing Initiatives and New Technologies in Electronic Tax Payments
Cost-Reducing Initiatives and New Technologies in Electronic Tax Payments Tuesday, August 12 th, 2008 Federation of Tax Administrators Technology Conference August 10-13, 2008, Chicago, Illinois By David
More informationCOMMERCIAL AND SMALL BUSINESS PRODUCTS AND SERVICES COMMERCIAL AND SMALL BUSINESS DEPOSITS
COMMERCIAL AND SMALL BUSINESS PRODUCTS AND SERVICES COMMERCIAL AND SMALL BUSINESS DEPOSITS Money Market Checking Sweep Accounts A checking account for businesses that want to earn current money market
More informationLean Mean Receivables Machine
Lean Mean Receivables Machine Jesse Sandoval, AAP VP, Senior Product Manager Union Bank Nancy Atkinson, CCM Senior Analyst Aite Group Carolyn Swafford, CTP, AAP VP, Treasury Management Solutions Advisor
More informationa CyberSource solution Merchant Payment Solutions
a CyberSource solution Merchant Payment Solutions 1 Simplifying Payments Safe and reliable payment processing is essential to your business. Authorize.Net, a leading payment gateway since 1996, provides
More informationIntegrating Payables and Receivables to Unlock Working Capital
Integrating Payables and Receivables to Unlock Working Capital Approved for 1 CTP / CCM recertification credit by the Association of Financial Professionals May 2009 Introductions David Kunz Treasury Management
More informationBusiness Applications
Powerful Payment Tools for Your Firm PayPros Legal Business embody an impressive suite of tools to help legal practices collect payments easily and run their operations more efficiently. From convenient
More informationEDUCATION - TERMS 101
EDUCATION - TERMS 101 ACH (Automated Clearing House): A processing organization networked with others to exchange (clear and settle) electronic debit/credit transactions (no physical checks). ABA Routing
More informationEMV in Hotels Observations and Considerations
EMV in Hotels Observations and Considerations Just in: EMV in the Mail Customer Education: Credit Card companies have already started customer training for the new smart cards. 1 Questions to be Answered
More informationMERCHANT ACCOUNT BASICS
WHITE PAPER MERCHANT ACCOUNT BASICS Distributed By: Author: Jeffrey L. Punzel January 5, 2005 AssureBuy 1340 Remington Road Suite E Schaumburg, Illinois 60173 Phone: 847-843-7400 Fax: 847-843-7676 URL:
More informationCity of Appleton and Outagamie County RFP for Credit/Debit Card Processing Services. Vendor Questions/Answers
1. Section 2.5: For those sections of business that credit card fees will be merchant absorbed, will settlement be gross or net funds? City of Appleton and Outagamie County (Both): Net of fees 2. Section
More informationStrategic Outlook. RDC: The Next Generation An integrated receivables platform. Takeaway. What s in this Paper?
Strategic Outlook RDC: The Next Generation Takeaway Corporate treasury and receivables managers are demanding solutions that integrate seamlessly with banking and internal applications To improve efficiencies
More informationMerchant Services Accounts Accepting Payments for your goods and Services..Getting YOU paid
Merchant Services Accounts Accepting Payments for your goods and Services..Getting YOU paid Visa / MasterCard / Debit American Express Discover Pay By Touch Biometrics Gift / Loyalty / Rewards Credit and
More informationAn Education in Merchant Processing
An Education in Merchant Processing Presented by: Michael Mintz COO - AMG Payment Solutions Today s Agenda Introduction and Background Important Industry Terms The Electronic Payment Process Interchange
More informationGuidelines for Accepting Credit Cards as a Form of Payment for Education, Registration and Other Fees
Guidelines for Accepting Credit Cards as a Form of Payment for Education, Registration and Other Fees Background Over the past few years, the use of credit cards as a payment option for purchasing goods
More informationCorporate Payables via Virtual Credit Card
TREASURY MANAGEMENT Corporate Payables via Virtual Credit Card Presenter: Dan Trbovic Index 1 Industry Evolution 2 Virtual Card Technology 3 Supplier Enrollment 2 Industry Evolution 3 Card Payments: The
More informationHOW AN INTEGRATED RECEIVABLES SOLUTION
WHITE PAPER HOW AN INTEGRATED RECEIVABLES SOLUTION ELIMINATES THE BARRIERS TO ELECTRONIC PAYMENTS 2013 WAUSAU FINANCIAL SYSTEMS, INC. All Rights Reserved. All other copyrights cited herein are the property
More informationepnplugin v3.1.58 Financial Software Payments Module for QuickBooks Receive Payments & Invoices
epnplugin v3.1.58 Financial Software Payments Module for QuickBooks Receive Payments & Invoices eprocessing Network LLC 7/2/2012 epnplugin 3 Receive Payments & Invoices Table of Contents OVERVIEW... 3
More informationWritten Questions and Answers
Written Questions and Answers Merchant Card and Managed Tuition Services RFP UK-1679-16 Closing Date: 05/25/2016 Today s Date: 05/04/2016 No. Question Answer Who is the current provider for the Tuition
More informationThe Comprehensive, Yet Concise Guide to Credit Card Processing
The Comprehensive, Yet Concise Guide to Credit Card Processing Written by David Rodwell CreditCardProcessing.net Terms of Use This ebook was created to provide educational information regarding payment
More informationEMDEON CONSUMER BILLING & PAYMENT SOLUTIONS
EMDEON CONSUMER BILLING & PAYMENT SOLUTIONS Collect More, Faster. With Emdeon Consumer Connect TM, our comprehensive suite of Consumer Billing & Solutions, you can start collecting more consumer payments.
More informationPurchasing and Property Services AOC 200 4202 East Fowler Avenue Tampa, Florida 33620 (813) 974-2481. http://usfweb2.usf.edu/purchasing/purch2.
Purchasing and Property Services AOC 200 4202 East Fowler Avenue Tampa, Florida 33620 (813) 974-2481 Web Address: http://usfweb2.usf.edu/purchasing/purch2.htm October 21, 2014 Invitation to Bid No. Entitled:
More informationOnline Payment Processing Definitions From Credit Research Foundation (http://www.crfonline.org/)
Online Payment Processing Definitions From Credit Research Foundation (http://www.crfonline.org/) The following glossary represents definitions for commonly-used terms in online payment processing. Address
More informationConsumer Bill Payments Shifts & Strategies
Consumer Bill Payments Shifts & Strategies Jim Gilligan, CTP, FP&A Assistant Treasurer, Great Plains Energy Incorporated Kansas City Power & Light Company Kellie Thomas VP, Product Management, Wells Fargo
More informationElectronic Payment Processing Solutions
Customized Efficient Profitable Electronic Payment Processing Solutions Your Challenges. Our Solutions. Your Success. Your business is unique and so are its challenges. Do you need fast, safe transactions?
More informationIncrease revenue. Reduce operating costs. Improve efficiencies. Accomplish all this and more with eselectplus.
Increase revenue. Reduce operating costs. Improve efficiencies. Accomplish all this and more with eselectplus. eselectplus makes payment simple for you, and for your customers. eselectplus is an easy-to-use,
More informationCredit Card & echeck Processing
Credit Card & echeck Processing Last Revised: 3/19/14 Table of Contents Overview... 3 Creating Credit Card & echeck transactions within AlarmBiller... 3 Types of credit cards accepted... 3 A Note on PCI
More informationVirtual Terminal & Online Portal
Authipay Gateway Virtual Terminal & Online Portal User Guide Version 5 (EMEA) Virtual Terminal & Online Portal User Guide Version 5 (EMEA) CONTENTS 1 Introduction... 5 2 Processing Transactions... 6 2.1
More informationVisa Debit ecommerce merchant acceptance. Frequently asked questions and flowchart
Visa Debit ecommerce merchant acceptance Frequently asked questions and flowchart Table Of Contents Visa Debit. The convenience of debit. The security of Visa. 3 The value of Visa Debit for ecommerce:
More informationACQUIRER PASS THROUGH FEES
ACQUIRER PASS THROUGH FEES BASED ON VOLUME BASED ON NUMBER OF TRANSACTIONS ASSESSMENTS (V/MC/DISC) VISA SETTLEMENT NETWORK ACCESS FEE VISA INTERNATIONAL ASSESSMENT FEE VISA INTERNATIONAL ACQUIRER FEE MASTERCARD
More informationCRM4M Accounting Set Up and Miscellaneous Accounting Guide Rev. 10/17/2008 rb
CRM4M Accounting Set Up and Miscellaneous Accounting Guide Rev. 10/17/2008 rb Topic Page Chart of Accounts 3 Creating a Batch Manually 8 Closing a Batch Manually 11 Cancellation Fees 17 Check Refunds 19
More informationSimplify your payments processing
Simplify your payments processing Savings & Security in a Single Receivables Platform ETran accepts: credit cards checks echecks/ach cash You choose: your credit card processor your bank the integration
More informationThe PASS Product Line Overview. The Next Payment Generation
Overview The Next Payment Generation Today s Payment Environment Technology has grown exponentially more powerful and customer-friendly while the point of sale has gotten more costly and complex. TSYS
More informationTable of Contents The Market for Merchant Services... 1 The Basics of Payment Processing... 2 Authorization Settlement Funding... 2 Authorization...
Table of Contents The Market for Merchant Services... 1 The Basics of Payment Processing... 2 Authorization Settlement Funding... 2 Authorization... 2 Settlement... 2 Funding... 2 Credit Card Processing
More informationOmaha Monthend Statements Review
Omaha Monthend Statements Review First Data Learning Organization Copyright 2010, First Data Corporation. All Rights Reserved. Developer: 26 Rev: 01/12/2010 V:1.0 Objectives The FDR System generates and
More informationVisa Acceptance and Enablement. Bank of America Merchant Services - Supplier Strategy April 2009
Visa Acceptance and Enablement Bank of America Merchant Services - Supplier Strategy April 2009 1 Understanding the Partners Acquiring Bank/Merchant Service Providers Enables suppliers to accept and process
More informationU.S. Merchant Class Settlement MasterCard Frequently Asked Questions Merchant
U.S. Merchant Class Settlement MasterCard Frequently Asked Questions Merchant Surcharge Q. What is a surcharge? A. A surcharge is an additional fee that a merchant adds on a transaction when a consumer
More informationAppendix. Data Tables
Appendix Data Tables Index of Tables Part 1: In-Store Payment Preferences...167 1.1 What payment products do you have?...167 1.2 How often do you use the following payment methods for purchases in stores?...167
More informationCheck Float in Today s Business Environment
Check Float in Today s Business Environment Vince Bahl VP of Systems Engineering The value of check float on enterprise cash conversion has been steadily diminishing. New strategies are emerging that take
More informationSunTrust Corporate Payment Solutions. David Fuller Senior Vice President Treasury Management Services Division Manager
SunTrust Corporate Payment Solutions David Fuller Senior Vice President Treasury Management Services Division Manager The following should be read in conjunction with the financial statements, notes and
More informationChapter 12. Electronic Payment Systems. 2008 Pearson Prentice Hall, Electronic Commerce 2008, Efraim Turban, et al.
Chapter 12 Electronic Payment Systems 2008 Pearson Prentice Hall, Electronic Commerce 2008, Efraim Turban, et al. Learning Objectives 1. Understand the shifts that are occurring with regard to noncash
More informationChapter 12. Learning Objectives. Learning Objectives. Electronic Payment Systems
Chapter 12 Electronic Payment Systems 2008 Pearson Prentice Hall, Electronic Commerce 2008, Efraim Turban, et al. Learning Objectives 1. Understand the shifts that are occurring with regard to noncash
More information537 G St., Suite 201, Eureka, CA 95501 www.eurekapayments.com
I. Costs of Merchant Processing. This paper provides an overview of the cost drivers for merchant processing; describes how merchant processors categorize merchants and defines the most common types of
More informationMerchant Payment Solutions
Merchant Payment Solutions 1 Simplifying Payments 2 Safe and reliable payment processing is essential to your business. Authorize.Net, a leading payment gateway since 1996, provides solutions you can trust.
More informationEMDEON PATIENT CONNECT TM
EMDEON PATIENT CONNECT TM Patient Billing & Payment Solutions for Channel Partners Simplifying the Business of Healthcare Discover the Power of an Emdeon Partnership A seismic shift is underway. Patients
More informationBest practices for migrating healthcare payments to ACH
Best practices for migrating healthcare payments to ACH Member FDIC Member FDIC Matt Brodis, MBA, MHA Adventist Health System, Inc. June St. John, SVP, CTP Wells Fargo Treasury Management Member FDIC Healthcare
More informationWhy Savings from Private Label ACH Debit Programs May Not Always Add Up.
Commissioned by MasterCard. Why Savings from Private Label ACH Debit Programs May Not Always Add Up. A detailed cost comparison between ACH-based store loyalty programs and network debit cards. Edgar,
More informationEMV FAQs. Contact us at: CS@VancoPayments.com. Visit us online: VancoPayments.com
EMV FAQs Contact us at: CS@VancoPayments.com Visit us online: VancoPayments.com What are the benefits of EMV cards to merchants and consumers? What is EMV? The acronym EMV stands for an organization formed
More informationRefer to the Integration Guides for the Connect solution and the Web Service API for integration instructions and issues.
Contents 1 Introduction 4 2 Processing Transactions 5 2.1 Transaction Terminology 5 2.2 Using Your Web Browser as a Virtual Point of Sale Machine 6 2.2.1 Processing Sale transactions 6 2.2.2 Selecting
More information