Credit Card 101

1,005 views

Published on

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

Published in: Economy & Finance, Business
0 Comments
1 Like
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total views
1,005
On SlideShare
0
From Embeds
0
Number of Embeds
14
Actions
Shares
0
Downloads
0
Comments
0
Likes
1
Embeds 0
No embeds

No notes for slide

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. Authorize.net</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 />http://www.paypros.com<br />800-774-6462<br />

×