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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,

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Presentation on theme: "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,"— Presentation transcript:

1 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.

2 2 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

3 3 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

4 4 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

5 5 Todays Payment World – Complex Card Presented Card Presented Telephone PDA Computer Terminal Internet Dial-Up or Frame Relay Satellite Cellular Card Presented Authorized Or Declined Authorized Or Declined Authorized Or Declined Merchant Bank Acquiring Bank Cardholder Bank Issuing Bank PCCharge PayMover VeriSign ICVerify Authorize.net Processors PPI Paymentech Vital Global Payments Merchant Bank Depository Bank When an authorization is received, funds are settled and deposited into the merchants DDA account within Hours

6 6 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 Joes Auto Service Card Payment Process Authorization Process Takes 3-15 Seconds

7 7 Wednesday Merchant Post Merchant Account 1 Merchant Account 2 Merchant Account 3 Card Settlement Process Monday Batch Closed by Processor Tuesday Sweep & FRB Post Cardholder Accounts FRB 1 FRB 2 FRB 3 $ $ $ Wednesday Monday Tuesday Thursday Tuesday Wednesday Monday Tuesday Thursday Tuesday Wednesday Friday Wednesday Thursday

8 8 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

9 9 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

10 10 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

11 11 The Company We Keep

12 12 Thank You!


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