Aug 10th, 2007 by CCM Direct
The Nurit 2085 is an advanced, and truly compact point-of-sale credit card terminal housing a fast and extremely quiet built-in thermal printer supporting credit, debit, smart chip cards, electronic benefits transfer (EBT) phone cards and Continue Reading »
Aug 9th, 2007 by CCM Direct
The debate between leasing and buying credit card machines is a hot one. One thing a merchant must remember is that leasing is either “renting” or “financing” that piece of equipment. Businesses often look at leasing as a viable alternative to purchasing equipment. This is done because of the principal of the Time Value Of Money.
Before we explain the Time Value Of Money, lets look at the alternate view point. It is true that not many small businesses can foot the bill for a $15,000 color copier, so instead they will lease it. But for a $500 credit card machine is that wise? The arguement goes like this. Most terminal leases involve a 48 month term, and at least $20 a month. That totals $960 in payments! If you buy this same terminal for $500 and charge it to a credit card, you could easily pay that off.
Here is the hitch… Continue Reading »
Aug 9th, 2007 by CCM Direct
Avoid the merchant account pitfalls…. Continue Reading »
Aug 8th, 2007 by CCM Direct
What is a Merchant Account?
Merchant accounts aren’t the same as ordinary bank accounts even though some ordinary banks provide them. However, most of these ordinary banks are resellers and not the organization that actually provides the service. That company is called the processor. A merchant account allows a business to accept credit cards as payment for goods and services. In a way, merchant accounts act as a contract between the business owner and the company providing the service.
When your application for a merchant account is being considered, two entities within the processor participate-an ISO (Independent Service Organization) and an underwriter. Usually the ISO also serves as the underwriter. The ISO evaluates the future success and risk of the merchant applicant and approves or denies an account. If the merchant violates the terms of the merchant account agreement, the underwriter/ISO will shut down the account.
There are two different kinds of merchant accounts available, the “Over-the-counter” (OTC) and the “money-order/telephone-order” (MOTO). Over-the-counter merchant accounts are used primarily for retail merchants. These types of merchant accounts typically have lower discount rates and transaction fees because the customers’ credit cards are physically present at the point of transaction.
Money order/ telephone order merchant accounts are used primarily for Internet-based businesses. The transaction requires two steps instead of one. Once all of the card information is entered, the data is verified and then the money is subtracted from the cardholder’s limit and placed in a 30-day holding account without actually charging the card. After the product is shipped the card is charged for the purchase price.
This free information brought to you by……
Why? Even though we would like your credit card processing business, we want you to make this important business decision with the most information possible.
Aug 7th, 2007 by CCM Direct
It’s hard to determine which credit card processing solution is best for your business with so many choices available. Below are some criteria used to rank credit card processing services: Continue Reading »
Aug 7th, 2007 by CCM Direct
An Authorization Code is a code that a credit card issuing bank returns in an electronic message to RevTrak that indicates approval of the transaction. The code serves as proof of authorization.
This free information brought to you by……
Why? Even though we would like your credit card processing business, we want you to make this important business decision with the most information possible.
Aug 6th, 2007 by CCM Direct
A versatile, reliable credit card processing service can help your business increase sales by enabling you to accept all forms of payment from anywhere at anytime. With a first-rate credit card processing service, you can:
Accept all Forms of Payment - With an adept credit card processing service your business can accept and verify payment from all major credit cards, debit cards, electronic checks and traditional checks.
Accept Payments Anywhere - The way we conduct business changes everyday. With a good credit card service, payment can be accepted anywhere. Transactions are processed online, at a retail site or at a remote location with internet access, such as a trade booth or kiosk. Most services will also let you Continue Reading »
Aug 5th, 2007 by CCM Direct
Address Verification System (AVS) - Checks to see that the billing address given by the customer matches the credit card. If you opt not to use AVS, VISA and MasterCard will not support your transactions and will charge you an additional 1.25% on those sales. Most merchant accounts come with AVS at no extra charge.
This merchant account information brought to you as a free service to help your business from….
Aug 1st, 2007 by CCM Direct
Hypercom Corporation is one of the largest global providers of credita card machines, complete electronic payment solutions, and value-added services at the point-of-transaction.
The company delivers a full suite of high security, end-to-end electronic payment products and services to customers that include large domestic and international financial institutions, electronic payment processors, large retailers, independent sales organizations (ISOs) and distributors. Hypercom’s full suite of products and services address the high security electronic transaction needs of banks and other financial institutions, processors, large scale retailers, smaller merchants, quick service restaurants, and users in the transportation, healthcare, prepaid, unattended and many other markets. The company’s solutions enable businesses in more than 100 countries to securely expand their revenues and profits.
Hypercom is widely recognized as the global payment technology innovator. It is the only company in its industry to provide complete, end-to-end high security payment solutions, from countertop and mobile credit/debit payment terminals to the network devices and services that quickly expedite the fast and secure transmission of vital financial and business data.
The company was founded in 1978, in Australia, and at the onset primarily focused its operations in the Asia-Pacific region. In 1987, the company expanded its operations into the United States and, in 1990, relocated its headquarters to Phoenix, Arizona. Hypercom expanded into Latin America in 1991, and then into Europe in 1996.
Hypercom markets its products and services through a worldwide network of sales, service and development offices. Regional sales headquarters are located in Brazil, China, Hungary, Mexico and the United Kingdom.
Industry Leading Products
Hypercom designs, manufactures and sells high secure electronic transaction terminals, peripheral devices, transaction networking devices, transaction management systems, application software and information delivery services. Additionally, the company provides directly, or through qualified contractors, support and related services that complement and enhance its hardware and software products.
The company’s new payment and transaction solutions include high-speed, high-security multi-application countertop and mobile card payment terminals, unattended payment products, EMV and PCI-approved PIN Pads, network access controllers, gateway converters and transaction transport services. Key products include:
Card Payment Products
Multi-application Optimum card payment terminals — including the high-performance, signature capture and PIN entry Optimum L4100 and L4105 RF-capable payment terminals and lower cost L4200 and L4250 terminals specifically designed for multi-lane retailers; the powerful 32-bit IP-enabled and RF-capable T4100 countertop terminal for smaller retailers; the hand-over countertop T2100 that provides fast EMV transactions; the mobile M2100 wireless terminal that leverages the latest wireless communications technologies; the palm-sized 32-bit mobile wireless credit/debit and general purpose M4100 Blade terminal; and the EMV-compliant P2100 PIN Pad for integrated retail environments.
T7Plus — a compact countertop point-of-transaction terminal that accepts all magnetic stripe cards, delivers fast authorization of payment transactions, provides “One-Touch” shortcut keys that speed operation, and includes a built-in printer. Specifically designed for retailers who require a reliable, low-cost point-of-service device.
Peripherals — including printers, PIN Pads, check readers, receipt capture devices, biometric and radio frequency verification devices and external modems. Hypercom’s durable, high-security PIN Pads and card acceptance devices are designed for either indoor or outdoor use. Specific products include the S9 and S9Plus secure PIN Pads for indoor use, the S1200 and S1300 which are the outdoor components to Hypercom’s QSR (quick service restaurant) drive-thru card payment solution.
Transaction Network Devices, Management Systems and Application Software — interface with point-of-transaction terminals and specifically designed to support the unique requirements of high volume, high value transaction-based networks. Specific products include the MegaNAC® 180 and 240 network access controllers, and IN-tact® Ethernet/Internet gateway devices. Every Hypercom network application software program includes a management and control module that interacts with the company’s HypercomView® management system to monitor system operations. The company also offers a complete portfolio of software applications for terminal operations, network device operations, systems development and management.
SmartPayments Technology and software – for merchants who want to integrate electronic transactions and peripherals into their PC- based point-of-sale system.
Services
Hypercom’s separate services businesses include NetSet Brazil, NetSet Chile, Hypercom de Mexico and the company’s transaction transport business.
NetSet Brazil, NetSet Chile, Hypercom de Mexico — are full service organizations maintaining service contracts with major banks and card associations to provide product installations, repairs, help-desk, on-site technician visits and supplies, and special customer-requested efforts such as software uploads or payment terminal enhancement programs. NetSet Brazil is Hypercom’s largest service organization, covering all of Brazil with multiple service centers. Hypercom de Mexico uses the NetSet Brazil business model and covers all of Mexico, while NetSet Chile covers all of Chile.
Transaction Transport Services — provides value-added data communications services for transaction-based applications. These services include protocol conversion, intelligent transaction routing and web-based, transaction level reporting. As technologies such as IP and wireless begin to take hold at the point-of-transaction, that market will see a growing shift towards more sophisticated applications. Transaction transport will provide a support infrastructure for our multi-application operating systems to quickly and cost-effectively deliver transactions to diverse processing entities. Early adopters include companies involved in biometrics, health care, prepaid, micro-payments, gift and loyalty.
Jul 31st, 2007 by CCM Direct
Why is WAY Systems the world’s fastest growing wireless POS payment systems provider?
The Company’s Mission is to deliver differentiated payment related transaction services for merchants everywhere by building convenient, reliable, cost effective products and providing rapid development and deployment of applications and services.
WAY Systems’ wireless solutions are built around a robust client/server architecture which consists of our WAY Transaction Gateway (WTG), and a family of Mobile Transaction Terminal (MTT) products. The company has the ability to transmit data from the MTT to the WTG and route it to other host systems using sophisticated protocol conversion algorithms and layers of encryption and authentication security.
WAY’s Mobile Transaction Terminals meet or exceed Payment Card Industry Standards for credit card and PIN-based debit card transactions as well as the latest transmission and end-to-end security required by the payment industry, including CISP/PCI. In addition, smartcard-capable MTT models are designed to conform to EMV standards. Our MTT products are available in models for processing credit-only, credit and debit, and smart cards.
In addition, WAY provides wireless printers which communicate with the MTT using infrared technology for the printing of receipts or other information. The wireless printers work with all MTT models. WAY wireless printers use standard industry drivers, allowing them to be used with applications.
WAY products are designed and built with quality and reliability in mind. All MTTs and printers come with a full one year standard factory warranty. In addition, optional extended warranty programs are available to extend coverage up to 3 years. If a problem occurs, WAY systems provides a comprehensive repair and refurbishment program for all our products and a 24/7 customer support center to provide excellent service to merchants and our reseller partners. Our product services program is structured to expedite the return and repair of equipment, including an optional overnight Advanced Replacement Program.
As an end-to-end service provider, WAY also offers a variety of optional services to our reseller partners and merchants including: terminal deployment/provisioning, customer owned warehousing and inventory management, debit key injection, merchant training, and a terminal management system allowing resellers to implement their own deployment and manage their deployed terminal base.
