Credit Card 101 - PayPros.com

Credit Cards 101 Payment Processing, Inc. is a registered ISO/MSP of HSBC Bank USA, National Association, Buffalo NY, First National Bank of Omaha, Omaha, NE and a sponsored Independent Sales Organization of JP Morgan Chase. ©2005 Payment Processing, Inc. All Rights Reserved.

Overview
Why Accept Credit Cards?
Why Integrate Credit Card Processing?
Card Payment Process
Card Settlement Process
Where PPI Fits In
How PPI Helps You
About PPI
The Company We Keep
Closing and Contact

Why Accept Credit Cards?
Customer Satisfaction and Retention
Increased Sales / Retention
Larger Sales
Improved Efficiency with Paperless Payments
Improved Cash Flow – Secure Form of Guaranteed Payment
Speed of Checkout
Competitive Edge
Internet Strategy

Why Integrate Credit Card Processing?
Speed of Checkout and Processing Times
Less Counter Equipment
Accounting / Inventory Efficacy
Consolidates Cash, Checks and Credit Card Transactions for Better Accounting / Inventory Management
Maximizes Your Investment in Your POS

Today’s Payment World – Complex Telephone PDA Computer Terminal Internet Dial-Up or Frame Relay Satellite Cellular
PCCharge
PayMover
VeriSign
ICVerify
Authorize.net
“ Processors”
PPI
Paymentech
Vital
Global Payments
Card Presented Card Presented Card Presented Authorized Or Declined Authorized Or Declined Authorized Or Declined Merchant Bank Acquiring Bank Cardholder Bank Issuing Bank Merchant Bank Depository Bank When an authorization is received, funds are settled and deposited into the merchant’s DDA account within 48-72 Hours

Card Payment Process Authorization Process Takes 3-15 Seconds
Acquiring Bank
Accepts Cards
Has a Contract with the Merchant
Requests Authentication and Authorization
Pays the Merchant
Reimbursed by Association
Bills Fees to Merchant
Issuing Bank
Issues Cards
Has a Contract with the Consumer
Issues Authentication and Authorization
Pays the Association
Reimbursed by Cardholder
Bills Fees to Cardholder
Acquiring Bank Issuing Bank Transaction Server Customer Pays by Credit Card Joe’s Auto Service 

Card Settlement Process Wednesday Merchant Post Merchant Account 1 Merchant Account 2 Merchant Account 3 Monday Batch Closed by Processor Processor Tuesday “ Sweep” & FRB Post Cardholder Accounts FRB 1 FRB 2 FRB 3 $ $ $ Wednesday Monday Tuesday Thursday Tuesday Wednesday Wednesday Monday Tuesday Thursday Tuesday Wednesday Friday Wednesday Thursday

Where PPI Fits In
Trusted Technology Partner
Development Level Support
Middleware Integration
Configuration
Testing
On-Going End-User Support
Magstripe Reader, Middleware, Connectivity
Merchant Account Provisioning
Credit / Debit / EBT Merchant Accounts
ACH Check Processing Accounts
Gift & Loyalty Programs
Middleware Provisioning

How PPI Helps You
Get the Lowest Rates
Terminals
Address Verification
Card Swiping vs. Hand Keying Transactions
Avoid Duplicate Transactions
Analyze Statements
Decide on the Best Solution
Fat Client vs. Thin Client Implementation
Solve Support Struggles – Hardware, Software, POS, Bank
PPI Partners with You to Help You Get the Best Rates and Support

About PPI
Since 1995…
Pioneer and Leader in PC-Based Transaction Processing
Helped Over 500 Software Developers and 10,000 Merchants Implement Integrated Payment Processing
A Technology Company
Development Level & On-Going Support for Transaction Processing
Top 5 Independent Processors

The Company We Keep

Thank You! http:// www.paypros.com 800-774-6462

http://support.rezgo.com	94
http://www.slideshare.net	4
http://www.rezgo.com	3
http://www.lmodules.com	1

Credit Card 101 - PayPros.com

by Stephen Joyce

Accessibility

Categories

Upload Details

Usage Rights

4 Embeds 102

Statistics

Credit Card 101 - PayPros.com Presentation Transcript