Evaluating Processing Infrastructure, Support & Costs
|
|
- Shon Hampton
- 6 years ago
- Views:
Transcription
1 Evaluating Processing Infrastructure, Support & Costs Leveraging Changes in Technology for Improved Customer Experience & Profits Transactions are the lifeblood for convenience stores. From the customers perspective, they want to get what they need, make their purchases and be back on the road quickly. For multisite businesses, transaction processing has always been a key concern, but there are even more options and issues to consider today: Brand partner requirements Payment options (mobile, ACH, etc.) Data security Transaction path/infrastructure changes This paper will review some of the hottest topics related to payment processing to help retailers chart the course that will most benefit company operations and customers. 1 EVALUATING PROCESSING INFRASTRUCTURE, SUPPORT & COSTS
2 Historical Options There have been different options for point-of-sale (POS) equipment for a long time, but in the past, most choices focused on a serial connection that required a payment gateway or similar device to send the transactions from the store to the processor. Many retailers were required to push customer payments from the store to a third party, which then sent those transactions to the processor over a leased line. That round-about path could add extra costs, points of failure and security concerns. STORE #1 INTERNET PAYMENT GATEWAY BACKHAULER STORE #2 PROCESSOR STORE #3 In the past, satellite connections were often a fuel brand or processor requirement, but they carried higher costs and security issues. For example, some retailers reported having their satellite connection interrupted because criminals would put tinfoil over the satellite dish to temporarily halt transaction processing. With the connection unavailable, POS systems would move into store-and-forward mode, so the transaction data wouldn t be confirmed until the satellite was available. Thieves would then make purchases inside the store and leave. When the satellite was able to process transactions again, the charges would come back as declined. Changes & Choices for Processing Support Infrastructure The liability shift set for October of 2015 is driving one of the bigger changes in transaction processing: EMV (Europay MasterCard Visa). It is important to note that the move to EMV is not a requirement, but a choice for retailers. Visa s websites states in-store counterfeit fraud liability will shift to the party either the issuing financial institution or the merchant that has not adopted chip technology. 2 EVALUATING PROCESSING INFRASTRUCTURE, SUPPORT & COSTS
3 Moving to EMV processing support will include real costs for retailers, so some companies might want to evaluate their history of fraudulent charges to see if it makes sense to move quickly, especially since much of the required infrastructure is just hitting the market. If a multisite retailer has only had a small number of fraudulent charges over the past few years, they might want to delay the equipment purchases and deployments. Waiting will give POS vendors time to improve their equipment and retailers will also have more time to evaluate their options. It is a risk, though, because the retailer will be responsible for fraudulent charges, depending on the fuel brand partner or processor. Another trend is that many POS vendors are shifting to IP or Ethernet enabled equipment for transaction processing. Depending on the supplier, retailers should see benefits of much higher transaction speed, fewer devices required at the store, and/or options for remote support, among other possible benefits. These technological advances for processing support are creating more choices for retailers to select the POS that best fits with their business operations. Most companies look to their brand affiliations as the driver for their POS decisions, but fuel brands often have more than one option. Another consideration is the processing paths available from the processor themselves. Most companies are familiar with back hauling transactions, i.e. sending charges from the store to a third party, which then forwards the transactions on to the processor. However, a new option is starting to get attention: going direct. In this case, charges go from the store right to the processor. Both methods have pros and cons, but multi-site businesses are best served by working with suppliers that can support both methods because the retailers can shift to a different processing configuration when business conditions drive them in that direction. 3 EVALUATING PROCESSING INFRASTRUCTURE, SUPPORT & COSTS
4 More Purchasing Methods Consumers are being tempted with different ways to purchase items in a store. Credit cards, cash, checks and debit cards have been in use for a long time, but using cell phones as a mobile payment system and implementing an automated clearing house (ACH) transaction program are additional options to consider. Mobile payments have seen a ton of press coverage, but most of it has focused on the benefits/challenges for the consumer. For retailers, it is important to note that most mobile payment methods will leverage traditional credit card infrastructure and that includes the transaction fees. Additionally, adding these types of payments will probably require a new or additional device in the stores. The biggest concerns focus on the consumer themselves. What system will they use (Google Wallet, ApplePay, etc.) and what percentage of a retailer s potential customer base requires this infrastructure to make purchases? The consumer will probably drive retailers where they need to go because their needs will have to offset any equipment/software costs and the price of ongoing support. ACH transaction programs are already in use by retailers, mostly in the form of loyalty or incentive programs. Multi-site merchants promote these programs to customers and, in turn, they complete the registration form that includes sharing their checking account information. The merchant gives the customer their loyalty card and it can be used to purchase fuel or products at the company s stores. Because ACH transactions are much less expensive for retailers, they 4 EVALUATING PROCESSING INFRASTRUCTURE, SUPPORT & COSTS
5 can offer incentives back to customers, such as a reduction on fuel charges. ZipLine is one company that supports this type of program. Summary This paper has focused on just an overview of key issues related to transaction processing for multi-site merchants. Some companies have focused on their brand partnerships as ways for getting information about new technology, options and challenges, but retailers do their own research, too. Payment systems are critical infrastructure that can require a big investment, both in terms of upfront costs as well as ongoing maintenance. Understanding the different opportunities for processing transactions will be a competitive advantage, both for creating a better shopping experience and reducing costs. About Acumera Acumera provides managed network security and automation services for the payment systems and operations of multi-site businesses. Our clients focus on growing their companies by using Acumera s remote systems visibility, strong data security, and simplified compliance services. Since 2002, Acumera has been our clients trusted network partner. To learn more, see 5 EVALUATING PROCESSING INFRASTRUCTURE, SUPPORT & COSTS
EMV and Educational Institutions:
October 2014 EMV and Educational Institutions: What you need to know Mike English Executive Director, Product Development Heartland Payment Systems 2014 Heartland Payment Systems, Inc. All trademarks,
More informationThe Changing Landscape of Card Acceptance
The Changing Landscape of Card Acceptance Troy Byram Vice-President Sr. E-Receivables Consultant February 6, 2015 Agenda EMV (Chip and Pin) PCI Compliance and Data Security New Regulations for Municipalities
More informationFuture of Payments and Payment Trends Debit, Phone, EMV, Etc.
Future of Payments and Payment Trends Debit, Phone, EMV, Etc. Adrian Brown, AAP Education and Professional Services The Payments Authority Europay, Mastercard, Visa (EMV) Cards Readers 2 1 EMV Essentials
More informationEMV, PCI, Tokenization, Encryption What You Should Know for Presented by: The Bryan Cave Payments Team
EMV, PCI, Tokenization, Encryption What You Should Know for 2015 Presented by: The Bryan Cave Payments Team Agenda Overview of Secured Payments Judie Rinearson (NY) EMV Courtney Stout (DC) End to End Encryption
More informationMerchant Services What You Need to Know. Agenda 6/5/2017. Overview of Merchant Services. EMV, Tokenization/Encryption, and PCI (Oh My!
Merchant Services What You Need to Know Heather Nowak VP, CPP Senior Product Manager Agenda Overview of Merchant Services Why accept cards? What you need to know/consider Capabilities/Pricing/Contract
More informationEMV: Facts at a Glance
EMV: Facts at a Glance 1. What is EMV? EMV is an open-standard set of specifications for smart card payments and acceptance devices. The EMV specifications were developed to define a set of requirements
More informationPayment Services. Issuing Processing. Product & Service Portfolio for Retailers
Payment Services Issuing Processing Product & Service Portfolio for Retailers New card business models generate profit for retailers Generate additional revenue and improve customer loyalty A payment card
More informationTechnology Developments in Card-Based Payments WACHA Payments 2013
Technology Developments in Card-Based Payments WACHA Payments 2013 April 9, 2013 The information contained on these slides is considered the Confidential & Proprietary Information of Two Sparrows Consulting,
More informationPreparing your store for EMV
Petroleum Solutions, Inc. 2700 Aldine Bender Houston, TX 77032 281-449-4027 EMV Compliance and POS/Dispenser Systems Preparing your store for EMV Goals For This Session Understanding Planning Approach
More informationSecure Remote Payment Council (SRPc) White Paper Discussion: EMV Enhancements Post Implementation September 13, 2016
Secure Remote Payment Council (SRPc) White Paper Discussion: EMV Enhancements Post Implementation September 13, 2016 Objective This white paper is the fifth in the series developed by the Secure Remote
More informationEMV Chip Cards. Table of Contents GENERAL BACKGROUND GENERAL FAQ FREQUENTLY ASKED QUESTIONS GENERAL BACKGROUND...1 GENERAL FAQ MERCHANT FAQ...
EMV Chip Cards FREQUENTLY ASKED QUESTIONS Table of Contents GENERAL BACKGROUND...1 GENERAL FAQ...1 4 MERCHANT FAQ...5 PROCESSOR/ATM PROCESSOR FAQ... 6 ISSUER FAQ... 6 U.S.-SPECIFIC FAQ...7 8 GENERAL BACKGROUND
More informationTop 5 Facts Merchants Need To Know About EMV
Top 5 Facts Merchants Need To Know About EMV June, 2015 Lindsay Breathitt, Product Marketing Steve Cole, Product Management Why EMV, Why Now Agenda U.S. market update EMV Top 5 EMV facts Understanding
More informationUnderstanding the 2015 U.S. Fraud Liability Shifts
Understanding the 2015 U.S. Fraud Liability Shifts Version 1.0 May 2015 Some U.S. payment networks are implementing EMV fraud liability shifts effective October 2015. With these liability shifts fast approaching,
More informationIs Your Organization Ready for the EMV Challenge?
Is Your Organization Ready for the EMV Challenge? Suzanne Galvin Director of Product Management Elan Financial Services Jeff Green Director of the Emerging Technologies Advisory Service Mercator Advisory
More informationI N T E R A C. The Faster, More Convenient Way. Small Value Purchases
I N T E R A C I S S U I N G F L A S H The Faster, More Convenient Way to Securely Accept Payment For Small Value Purchases Trade-mark of Interac Inc. (Everlink Payment Services Inc.) authorized user of
More informationEMV : One year later. Merchants take steps to adapt and address challenges in the year following the shift to EMV technology at the point of sale
EMV : One year later Merchants take steps to adapt and address challenges in the year following the shift to EMV technology at the point of sale EMV: ONE YEAR LATER A BANK OF AMERICA MERCHANT SERVICES
More informationEMV Migration. What You Need to Know about the Technology, the Security Protection it Provides, and When to Implement
EMV Migration What You Need to Know about the Technology, the Security Protection it Provides, and When to Implement According to a 2016 TSYS study identifying consumer payment preferences, 40 percent
More informationEMV Just the Facts. Ozarks Association of Government Accountants
EMV Just the Facts Ozarks Association of Government Accountants Speakers and Housekeeping EMV: Just the Facts Presentation Brad Hench Regional Sales Manager US Bank Elavon 45 minute presentation 10 minute
More informationSupporting Local Businesses
Supporting Local Businesses July 16, 2014 Adrienne Rubin Director of OnePrinceton Heartland Payment Systems 1 Why Shop Local Independent Businesses? Locally owned independent restaurants return twice as
More informationATM Webinar Questions and Answers May, 2014
May, 2014 Debit Network Alliance LLC (DNA) is a Delaware Limited Liability Company currently comprised of 10 U.S. Debit Networks and open to all U.S. Debit Networks. The goal of this collaborative effort
More informationThe October 1 EMV Liability Shift: Everything You Need to Know
The October 1 EMV Liability Shift: Everything You Need to Know 2 3 4 6 7 Introduction The Basics Predicting the impact Technical considerations What to look for in a service provider The financial services,
More informationAgenda. What is EMV. Chip vs Mag Stripe. Benefits of EMV. Timeframes & Liability Shift. Costs. Things to consider. Questions
EMV Chip Cards Agenda What is EMV Chip vs Mag Stripe Benefits of EMV Timeframes & Liability Shift Costs Things to consider Questions 2 What is EMV EMV was named for the developers Europay, MasterCard and
More informationEMV Adoption in the U.S.
EMV Adoption in the U.S. What you need to know about the outcome of EMV adoption in other countries and the implications for adoption in the U.S. Table of Contents Introduction [3] What is EMV? [4] The
More informationPayment Digitalization and the University Smart Card
Payment Digitalization and the University Smart Card Payment Digitalization and the University Smart Card 1 EVOLVING LANDSCAPE 2 PAYMENTS CONVERGENCE 3 PARTNERSHIP APPROACH 2 1 There are two rapidly evolving
More informationEMV Terminology Guide
To make life easier, TMG has compiled some of the most commonly used EMV terms in this guide. If you have questions about EMV, contact your Director of Client Relations directly or email clientrelations@themebersgroup.com.
More informationEMV is coming. But it s ever changing.
EMV is coming. But it s ever changing. March 26, 2013 Presented By MICHELLETHORNTON Senior Product Manager CO-OP Financial Services RYANZILKER B2B Marketing Manager CO-OP Financial Services Today s Agenda
More informationIntroducing an easier way to manage your business
Introducing an easier way to manage your business With our suite of easy-to-use treasury solutions, you can manage your payments and receipts, help protect against transactional fraud and receive robust
More informationHot Topics in Payments Cornerstone CU League Small CU Committee July 9, 2014
Hot Topics in Payments Cornerstone CU League Small CU Committee July 9, 2014 Matt Davies, AAP, CTP, CPP Federal Reserve Bank of Dallas 1 Mobile Banking Constant development cycle Online banking customer
More informationEMV IN THE U.S. HOW FAR HAVE WE COME AND WHERE ARE WE GOING? Andy Brown
EMV IN THE U.S. HOW FAR HAVE WE COME AND WHERE ARE WE GOING? Andy Brown andy.brown@ncr.com MAC is an organization comprised of members from Banks, Acquirers, ISOs, Card Associations, Law Enforcement and
More informationADDENDUM NO. 3 REQUEST FOR PROPOSAL NO. R BANKING AND MERCHANT SERVICES FOR HIGHER EDUCATION
ADDENDUM NO. 3 Attention to Proposers: This constitutes Addendum No. 3 to the referenced Request for Proposals (RFP), and consists of this ten (10) page cover letter, which provides responses to questions
More informationEMV: The Journey Begins October 1st
221 NORTH LASALLE ST. CHICAGO, IL 60601 312-873-3300 INFO@WCAPRA.COM EMV: The Journey Begins October 1st An Examination of the History, Impact, Best Practices, Pitfalls of EMV Implementations, and What
More informationProducts. Immediate Funds SM Offer Instant Funds Access to Your Customers as a Premium, Revenue Generating Service
Products Immediate Funds SM Offer Instant Funds Access to Your Customers as a Premium, Revenue Generating Service Products Your customers want instant access to their deposited funds. Deliver the type
More informationPinless Transaction Clarifications
Pinless Transaction Clarifications April, 2017 Agenda Definition Level Set Application Selection Overview and Scenario Explanation EMV No CVM PIN Bypass Debit Expansion Programs PINless POS Product Signature
More informationPAYMENT EXPRESS EFTPOS GETTING STARTED GUIDE. Version 0.2
PAYMENT EXPRESS EFTPOS GETTING STARTED GUIDE Version 0.2 CONTENTS Payment Express... 1 What s Required... 2 Components... 2 Verifone SC5000... 2 Ingenico i3070... 3 Ingenico ipp320... 3 Uniform UIC PP790SE...
More informationInstant issuance in retail breaks new ground for banks
Use Case Instant issuance in retail breaks new ground for banks The most obvious consumer trend today is the expectation of immediacy. You can download movies and music, and shop online with instant results.
More informationEMV: The Race Is On! September 24, 2013
EMV: The Race Is On! September 24, 2013 Bill Thomas Vice President, Member Operations United Nations Federal Credit Union Leanne Phelps Senior Vice President, Card Services State Employees Credit Union
More informationLet s Talk about EMV. getnationwide.com
Let s Talk about EMV getnationwide.com Europay, MasterCard, Visa EMV is a global standard for inter-operation of integrated circuit cards (IC cards or "chip cards") and IC card capable point of sale (POS)
More informationOHIO TURNPIKE AND INFRASTRUCTURE COMMISSION 682 Prospect Street Berea, Ohio 44017
OHIO TURNPIKE AND INFRASTRUCTURE COMMISSION 682 Prospect Street Berea, Ohio 44017 REQUEST FOR PROPOSALS TO PROVIDE CREDIT CARD PROCESSING SERVICES TO THE OHIO TURNPIKE AND INFRASTRUCTURE COMMISSION ADDENDUM
More informationEMV A Chip Off the New Block
EMV A Chip Off the New Block WACHA Taking Flight With Payments March 18, 2014 Paul Tomasofsky President, Two Sparrows Consulting Paul@TwoSparrowsConsulting.com (201) 930-9551 Christa Addy Product Manager,
More informationPayment Acceptance Solutions
Payment Acceptance Solutions Increase sales, enhance agility, and mitigate risks with CyberSource CyberSource is a Visa solution Businesses today are developing new strategies for acquiring and retaining
More informationEMV Adoption. What does this mean to your ATMs?
EMV Adoption What does this mean to your ATMs? June 2013 Presented By MICHELLETHORNTON Senior Product Manager CO-OP Financial Services TERRYPIERCE Senior Product Manager CO-OP Financial Services Today
More informationFinding the Best Route for EMV in the US
Finding the Best Route for EMV in the US 1/23/2013 Exploring EMV Implementation Strategies that Preserve Network Routing Options and Satisfy Government Regulations ABSTRACT Recently the Debit Working Committee
More informationInvestigating the myths and realities of contactless payment
Investigating the myths and realities of contactless payment Questions & Answers There has been much recent coverage in the media (press, web, blogs.) about the perceived security vulnerabilities of contactless
More informationU.S. Bank. U.S. Bank Chip Card FAQs for Program Administrators. In this guide you will fnd: Explaining Chip Card Technology (EMV)
U.S. Bank U.S. Bank Chip Card FAQs for Program Administrators Here are some frequently asked questions Program Administrators have about the replacement of U.S. Bank commercial cards with new chip-enabled
More informationQuick Guide. Token Service Provider
Quick Guide Token Service Provider 1 Introduction to Mobile Payments The mobile payments revolution is here! Driven by the development of near field communication (NFC) enabled smartphones, the launch
More informationRevolutionize Your Business with Harbortouch
Revolutionize Your Business with Harbortouch Swipe Card Regardless of the business you are in, Harbortouch has the ideal processing solution for you. Allow Harbortouch to demonstrate why our company is
More informationProtecting Your Future
Protecting Your Future with NCR Secure How to prepare for the EMV and Windows 7 Migration An NCR White Paper 02 1 Upcoming Major Changes and Trends The North American financial industry will go through
More informationEmpowering Merchants through Adoption of Global Standards
Empowering Merchants through Adoption of Global Standards Normand Provost, MarCom Chair, nexo-standards Bryan Croteau Director, Product Management, ACI Worldwide Agenda Introductions Where We Are Today
More informationSurcharge Vs. Cash Discount Program What s The Difference?
Surcharge Vs. Cash Discount Program What s The Difference? Credit card processing has become increasingly expensive for merchants, especially small businesses who have tighter budgets and may not bring
More informationVisa Digital Solutions. Rocio Beckham Community Issuers
Visa Digital Solutions Rocio Beckham Community Issuers Notice of Confidentiality This presentation is furnished to you solely in your capacity as a customer of Visa and/or participant in the Visa payments
More informationCrea te Finan cial Freedom
Calling Direct Sales Experts Crea te Finan cial Freedom Powerhouse Opportunity in Merchant Services Use your direct sales skills Build a residual-based future in the merchant services industry Create a
More informationSecurity & Compliance Trends in Innovative Electronic Payments
Security & Compliance Trends in Innovative Electronic Payments Independently conducted by Ponemon Institute LLC Publication Date: October 2014 Ponemon Institute Research Report Security & Compliance Trends
More informationOne Signature. Many Privileges.
One Signature. Many Privileges. Discover the power of Your new Signature Card Signature Contactless Your Signature Contactless Card allows you to transact at express speed. Simply wave your Signature Contactless
More informationHelping merchants automate testing practices.
Helping merchants automate testing practices. Meet deadlines, facilitate certifications and overcome complexities. www.fisglobal.com As a merchant, you are in the middle of the shift from traditional cash
More informationOctober is Here: Are Issuers, Merchants & Consumers Ready for EMV?
October is Here: Are Issuers, Merchants & Consumers Ready for EMV? Moderator: Claudia Swendseid Federal Reserve Bank of Minneapolis Panelists: Terry Dooley SHAZAM Bob Van Liere PREMIER Bankcard Navigating
More informationPCI BLOG. P2PE, EMV, Tokenization, Oh My!
Page 1 of 8 PCI BLOG THE UNOFFICIAL PCI COMPLIANCE & IT SECURITY BLOG HOME PCI IN THE NEWS PCI TOOLS IT SEC. JOB BOARD DOCUMENTS CONTACT US FORUM P2PE, EMV, Tokenization, Oh My! June 14, 2016 PCI Blog
More informationEuronet s Dynamic Currency Conversion Solution Increase Your Revenue as an Acquirer with a Value Added Service
Serving millions of people worldwide with electronic payment convenience. Euronet s Dynamic Currency Conversion Solution Increase Your Revenue as an Acquirer with a Value Added Service Copyright 2010 Euronet
More informationMay 2016 Petroleum Solutions, Inc.
WWW.PETSOLInC.COM Table of Contents What & Why EMV?... 4 Who s Liable?... 5 POS Upgrade Paths...6 Dispenser Upgrade Paths... 8 Proper Site Connectivity... 10 Implementation Plan... 11 Available Incentives
More informationPayments - EMV Review. EMV Functionality Inside OpenOne
Payments - EMV Review EMV Functionality Inside OpenOne A Brief History EMV stands for Europay, MasterCard and Visa. It is a global standard for cards equipped with computer chips and the technology used
More informationjhapassport EMV Update:
jhapassport EMV Update: Your Questions Answered Presented by Keri Crane September/October 2015 Dates contained in this document are provided as estimates only and can be changed at any time at the sole
More informationNayax 24 Raoul Wallenberg St., Building A1, 4th floor, Tel Aviv, 69719, Israel Tel:
Nayax 24 Raoul Wallenberg St., Building A1, 4th floor, Tel Aviv, 69719, Israel Tel: +972-3-7694380 info@nayax.com www.nayax.com Unattended Payment Solution Nayax specializes in the unattended market. Developing
More informationEMV: Frequently Asked Questions for Merchants
EMV: Frequently Asked Questions for Merchants The information in this document is offered on an as is basis, without warranty of any kind, either expressed, implied or statutory, including but not limited
More informationRugged Tablet Solutions: A Technical Buyer s Guide
Rugged Tablet Solutions: A Technical Buyer s Guide So, you ve finally decided to jump on the tablet POS bandwagon and now you re stuck in the conundrum of deciding which tablet will best fulfill your application
More informationTurn Accounts Payable into a Profit Center. Sandy Shropshire Vice President Business Development
Turn Accounts Payable into a Profit Center Sandy Shropshire Vice President Business Development 770-445-6901 Company Background AOC Solutions Inc.: Founded in 1996 Offices in Chantilly, VA, Morgantown,
More informationPANDORA S DIGITAL BOX: DIGITAL WALLETS AND THE HONOR ALL DEVICES RULE ADAM J. LEVITIN EXECUTIVE SUMMARY
PANDORA S DIGITAL BOX: DIGITAL WALLETS AND THE HONOR ALL DEVICES RULE ADAM J. LEVITIN EXECUTIVE SUMMARY Digital wallets are software applications based on mobile devices, desktop computers, or the Web
More informationThe Future of Payment Security in Canada
The Future of Payment Security in Canada October 2017 1 Visa Canada Public The Future of Payment Security in Canada Notices Forward-Looking Statements This presentation contains forward-looking statements
More informationADDING VALUE TO SECURITY. How Issuers Can Leverage Tokenization to Capture New Revenue-Generating Opportunities. firstdata.com
A First Data Position Paper ADDING VALUE TO SECURITY How Issuers Can Leverage Tokenization to Capture New Revenue-Generating Opportunities firstdata.com Introduction The payments world is undergoing a
More informationVisa Minimum U.S. Online Only Terminal Configuration
Visa Minimum U.S. Online Only Terminal Configuration Intended Audience This document is intended for U.S. merchants, acquirers, processors and terminal providers who are planning deployments of EMV chip
More informationEMV for Merchants and Merchant Acquirers: U.S. Migration Considerations. Smart Card Alliance Webinar October 6, 2011
EMV for Merchants and Merchant Acquirers: U.S. Migration Considerations Smart Card Alliance Webinar October 6, 2011 Introductions Randy Vanderhoof Executive Director -- Smart Card Alliance 2 Who We Are
More informationTop 10 Tips for Choosing a Merchant Services Provider
Top 10 Tips for Choosing a Merchant Services Provider INTRODUCTION Choosing the right merchant services provider for credit card processing should be a top priority for all business owners. Unfortunately,
More informationSushil Rajendran. Pauline Downey. Cubic Transportation Systems Concord, California
Revenue Accounting & Reconciliation for multi-modal, multi-operator systems Sushil Rajendran Director, Service Operations Pauline Downey Sr. Project Engineer, Customer Services Cubic Transportation Systems
More informationVerifone MX 915/925 Payment Devices. with KWI 6.x POS Registers: What s New?
Verifone MX 915/925 Payment Devices with KWI 6.x POS Registers: What s New? Contents Overview... 3 Network and Power Requirements... 5 Network Requirements... 5 Power Requirements... 5 Place Your Order
More informationEMV is coming. Here s how to stay ahead of the trend. Presented by CO-OP Financial Services
EMV is coming. Here s how to stay ahead of the trend. Presented by CO-OP Financial Services October 25, 2012 Agenda What EMV is and how it works U.S. and global adoption Impact to the payments ecosystem
More informationEnsuring the Safety & Security of Payments. Faster Payments Symposium August 4, 2015
Ensuring the Safety & Security of Payments Faster Payments Symposium August 4, 2015 Problem Statement: The proliferation of live consumer account credentials Bank issues physical card Plastic at point
More informationA Conversation with Visa on Consumer Debit Growth Connie Davis FIS Global Retail Payments Greg Borchardt Visa Consumer Debit Products
A Conversation with Visa on Consumer Debit Growth Connie Davis FIS Global Retail Payments Greg Borchardt Visa Consumer Debit Products May 2017 Visa Notice of Confidentiality This presentation is furnished
More informationAccept Mobile Payments
Accept Mobile Payments INTRODUCTION Mobile phones are changing the way consumers make payments. Consumers have become accustomed to relying on their smartphones to manage a variety of their financial practices,
More informationCyber Security in Retail
Cyber Security in Retail Nick Kemske Director, Cyber Security Jacki Snyder Sr. Director Payments, Asset Protection and CIC Services 1 Cyber Security RANSOMWARE AND SKIMMERS 2 Ransomware A Retail Perspective
More informationSpecial Notes Regarding the CITGO Payment Card Guide and Regulations Manual
Special Notes Regarding the CITGO Payment Card Guide and Regulations Manual Although you ll find most of the content to be quite familiar, you ll notice that the manual has a new format which makes it
More informationKNOW YOUR RUPAY DEBIT CARD
KNOW YOUR RUPAY DEBIT CARD ABSTRACT The objective of this document is to introduce the member banks to RuPay Debit Card program and to guide the issuing banks on the RuPay Debit Card features including
More informationPoint-of-Sale Terminals
Point-of-Sale Terminals The Right Hardware for the Job SIMPLE, SECURE PAYMENT PROCESSING Your customers can be anywhere. And no matter where they are, they expect you to process their payments easily and
More informationCharging and Billing (C&B)
Charging and Billing (C&B) Slide 1 Schedule Slide 2 Definitions Charging: To set or ask (a given amount) as a price Billing: Request for payment of a debt Price is cost of one unit (of usage), tariffs
More informationOverview of Business Models in Retail Payments
Overview of Business Models in Retail Payments EDC Council Frankfurt November 2012 Edgar, Dunn & Company, 2012 Edgar Dunn Deep Experience with Global Reach Management consultancy focused on payments since
More informationFirst Data Output Services Providing Additional Support For Your Customers
First Data Output Services Providing Additional Support For Your Customers Your customers demand more personalized, convenient services. 10% 7X 37% 55% Increase in customer retention results in a 30% increase
More informationCharging and billing (C&B) Traditional payment systems US market - Value and volume of payments
Charging and billing (C&B) S-38.041 Networking Business Slide 1 Traditional payment systems US market - Value and volume of payments Percentage share Source: U.S.Census Bureau, 2002 50 45 40 35 30 25 20
More informationUsing Pinterest Buyable Pins with Demandware: Frequently Asked Questions
Using Pinterest Buyable Pins with Demandware: Frequently Asked Questions I. OVERVIEW What is Demandware s relationship with Pinterest? In June 2015, Demandware announced a partnership with Pinterest to
More informationWill US EMV Migration Impact Acquiring Worldwide?
4 th PSE Merchant Acquiring Conference Will US EMV Migration Impact Acquiring Worldwide? London, November 27 th, 2014 Gérard de Moura 20141127-PSE Acquiring Conf-US EMV Migration-v1 About Galitt Key Figures
More informationTHE VALUE OF DRIVER S LICENSE PARSING: AUTOMATE A WIDE RANGE OF IDENTIFICATION VERIFICATION TASKS IN RETAIL AND BEYOND
THE VALUE OF DRIVER S LICENSE PARSING: AUTOMATE A WIDE RANGE OF IDENTIFICATION VERIFICATION TASKS IN RETAIL AND BEYOND The offers the comprehensive data capture capabilities required to keep lines moving
More informationFed Consultation Paper Association for Financial Professionals (AFP) Response
Fed Consultation Paper Association for Financial Professionals (AFP) Response Q1: Are you in general agreement with the payment system gaps and opportunities identified? What other gaps or opportunities
More informationU.S. EMV Migration Update. A joint presentation from Citizens Commercial Banking and Worldpay
U.S. EMV Migration Update A joint presentation from Citizens Commercial Banking and Worldpay Mike Phelps National Director Convenience & Retail Fuel Finance Holly Fengler Vice President National Customer
More informationGIFT CARD PRODUCT SHEET
GIFT CARD PRODUCT SHEET GIFT CARDS GIFT PROGRAMS DIGITAL & MOBILE SPECIALTY CARDS THE EXPERIENCE OF A GLOBAL INDUSTRY LEADER AND AN ALL-IN-ONE GIFT CARD SOLUTION. GIFT PROGRAMS GLOBAL GIFT CARD PROGRAMS
More informationEMV & Fraud POS Fraud Mitigation Tips for Merchants First Data Corporation. All Rights Reserved.
EMV & Fraud POS Fraud Mitigation Tips for Merchants EMV Information Merchants may see an increase in Card-Not-Present Fraud as a result of the new EMV standards. Help protect your business from fraud risk
More informationTo: Financial Services Policy Committee of the Conference of Presidents Federal Reserve System
December 24, 2013 To: Financial Services Policy Committee of the Conference of Presidents Federal Reserve System Re: Response to Federal Reserve s Payment System Improvement - Public Consultation Paper
More informationTokenization April Tokenization. Gregory H. Soule, CPA, CISA, CISSP, CFE Senior Manager. Andrews Hooper Pavlik PLC
ization Gregory H. Soule, CPA, CISA, CISSP, CFE Senior Manager Andrews Hooper Pavlik PLC 1 Agenda and Implementation EMV, Encryption, ization Apple Pay Google Wallet Recent Trends Resources Agenda and
More informationSolutions. Card Risk Management Leverage Our Industry-Leading Solutions and Services to Fight the Rising Cost of Fraud
Solutions Card Risk Management Leverage Our Industry-Leading Solutions and Services to Fight the Rising Cost of Fraud 2 Solutions Debit and credit cards are the payment methods of choice for U.S. consumers.
More informationGift & Loyalty Cards
Gift & Loyalty Cards Business Development Our Gift & Loyalty card program will afford you one of the most powerful and profitable tools to grow your business on a daily basis. Let our systems do the work
More informationesocket POS Integrated POS solution Knet
esocket POS Integrated POS solution Knet 1 Summary Since 1994 when the first POS devise was deployed in the market, Knet had recognized the importance of this service and did take it up on it self to invest
More informationEMV. Challenges and opportunities for the channel. Avoiding Fraud / 1
EMV Challenges and opportunities for the channel Avoiding Fraud / 1 CONTENTS Overview... 3 Qualify Your EMV Opportunity... 4 Choose A Path To EMV Execution... 5 Prepare Your Customers for Changes At The
More informationSmart Cards and EMV Adoption in China
Smart Cards and EMV Adoption in China Opportunities and Obstacles Emerging Strategy www.emerging-strategy.com August, 2008 Table of Contents Background... 2 Global Drivers for EMV Migration... 3 Migration
More informationTechnology M&A in Acquiring. Peter Jones The Merchant Acquiring Conference 2011
Technology M&A in Acquiring Peter Jones The Acquiring Conference 2011 Topics for Today Is Technology the next step for acquiring M&A? What are the key drivers for Technology Innovation? What do s want
More informationIntroduction to the Prepaid Expense Card
Introduction to the Prepaid Illinois Community College CFO Conference October 18, 2017 Administrator Features The school provides and owns funds on the card Funds can be added and removed by you at any
More information