Credit Card 101


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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

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Credit Card 101

  1. 1. Credit Cards 101<br />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. <br />©2005 Payment Processing, Inc. All Rights Reserved.<br />
  2. 2. Overview<br />Why Accept Credit Cards?<br />Why Integrate Credit Card Processing?<br />Card Payment Process<br />Card Settlement Process<br />Where PPI Fits In<br />How PPI Helps You<br />About PPI<br />The Company We Keep<br />Closing and Contact<br />
  3. 3. Why Accept Credit Cards?<br />Customer Satisfaction and Retention<br />Increased Sales / Retention<br />Larger Sales<br />Improved Efficiency with Paperless Payments<br />Improved Cash Flow –Secure Form of Guaranteed Payment<br />Speed of Checkout<br />Competitive Edge<br />Internet Strategy<br />
  4. 4. Why Integrate Credit Card Processing?<br />Speed of Checkout and Processing Times<br />Less Counter Equipment<br />Accounting / Inventory Efficacy<br />Consolidates Cash, Checks and Credit Card Transactionsfor Better Accounting / Inventory Management <br />Maximizes Your Investment in Your POS<br />
  5. 5. Today’s Payment World – Complex<br />Issuing Bank<br />Acquiring Bank<br />Merchant Bank<br />Merchant Bank<br />Cardholder<br />Bank<br />Card<br />Presented<br />Card<br />Presented<br />Card<br />Presented<br />Authorized<br />Or Declined<br />Authorized<br />Or Declined<br />Authorized<br />Or Declined<br />When an authorization is received, funds are settled and deposited into the merchant’s DDA accountwithin 48-72 Hours<br />Depository Bank<br />“Processors”<br /><ul><li>PPI
  6. 6. Paymentech
  7. 7. Vital
  8. 8. Global Payments</li></ul>Internet<br />Dial-Up or<br />Frame Relay<br />Computer<br />Telephone<br />Satellite<br />Terminal<br />Cellular<br /><ul><li>PCCharge
  9. 9. PayMover
  10. 10. VeriSign
  11. 11. ICVerify
  12. 12.</li></ul>PDA<br />
  13. 13. Customer Pays by<br />Credit Card<br />Acquiring Bank<br />Issuing Bank<br />Transaction Server<br />Joe’s Auto Service<br /><br />Acquiring Bank<br /><ul><li>Accepts Cards
  14. 14. Has a Contract with the Merchant
  15. 15. Requests Authentication and Authorization
  16. 16. Pays the Merchant
  17. 17. Reimbursed by Association
  18. 18. Bills Fees to Merchant</li></ul>Issuing Bank<br /><ul><li>Issues Cards
  19. 19. Has a Contract with the Consumer
  20. 20. Issues Authentication and Authorization
  21. 21. Pays the Association
  22. 22. Reimbursed by Cardholder
  23. 23. Bills Fees to Cardholder</li></ul>Card Payment Process<br />Authorization Process Takes 3-15 Seconds<br />
  24. 24. Card Settlement Process<br />Wednesday<br />Monday<br />Tuesday<br />Wednesday<br />Monday<br />Tuesday<br />Thursday<br />Tuesday<br />Wednesday<br />Wednesday<br />Monday<br />Tuesday<br />Thursday<br />Tuesday<br />Wednesday<br />Friday<br />Wednesday<br />Thursday<br />Processor<br />$<br />$<br />$<br />Merchant<br />Account 1<br />FRB 1<br />FRB 2<br />FRB 3<br />Merchant<br />Account 2<br />Cardholder<br />Accounts<br />Merchant<br />Account 3<br />Merchant Post<br />Batch Closed by<br />Processor<br />“Sweep”<br />& FRB Post<br />
  25. 25. Where PPI Fits In<br />Trusted Technology Partner<br />Development Level Support<br />Middleware Integration<br />Configuration<br />Testing <br />On-Going End-User Support<br />Magstripe Reader, Middleware, Connectivity<br />Merchant Account Provisioning<br />Credit / Debit / EBT Merchant Accounts<br />ACH Check Processing Accounts<br />Gift & Loyalty Programs<br />Middleware Provisioning<br />
  26. 26. How PPI Helps You<br />Get the Lowest Rates<br />Terminals<br />Address Verification<br />Card Swiping vs. Hand Keying Transactions<br />Avoid Duplicate Transactions<br />Analyze Statements<br />Decide on the Best Solution<br />Fat Client vs. Thin Client Implementation<br />Solve Support Struggles –Hardware, Software, POS, Bank<br />PPI Partners with You to Help You Get the Best Ratesand Support<br />
  27. 27. About PPI<br />Since 1995…<br />Pioneer and Leader in PC-Based Transaction Processing<br />Helped Over 500 Software Developers and 10,000 Merchants Implement Integrated Payment Processing<br />A Technology Company<br />Development Level & On-Going Support for Transaction Processing<br />Top 5 Independent Processors<br />
  28. 28. The Company We Keep<br />
  29. 29. Thank You!<br /><br />800-774-6462<br />