1 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.
1 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,
Mar 29, 2015
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1
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.
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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
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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
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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
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Today’s Payment World – Complex
CardPresented
CardPresented
Telephone
PDA
Computer
Terminal
Internet
Dial-Up orFrame Relay
Satellite
Cellular
CardPresented
AuthorizedOr Declined
AuthorizedOr Declined
AuthorizedOr Declined
Merchant Bank
Acquiring BankCardholder
Bank
Issuing Bank
PCCharge PayMover VeriSign ICVerify Authorize.net
“Processors” PPI Paymentech Vital Global Payments
Merchant Bank
Depository BankWhen an authorization is received, funds are settled and deposited into the merchant’s DDA accountwithin 48-72 Hours
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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 BankAcquiring Bank Issuing BankIssuing BankTransaction ServerTransaction Server
Customer Pays byCredit Card
Joe’s Auto ServiceJoe’s Auto Service
Card Payment Process
Authorization Process Takes 3-15 Seconds
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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
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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 Ratesand Support
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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
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Thank You!
http://www.paypros.com800-774-6462
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