MasterCard PayPass Time & Motion Study
|
|
- Lizbeth Dixon
- 5 years ago
- Views:
Transcription
1 M. Kathryn (Kate) Peterson October 9, 2007 MasterCard PayPass Time & Motion Study Effect of merchant deployment quality on payment times (December 2006 & April-Sep 2007) Final
2 Author s Note While quantitative measures have been gathered and analyzed, they should be considered directional and not predictive as the number of observations cannot be calculated to be statistically significant. Please refer to the Application of Results on slide 14. October 9, 2007 MasterCard. All rights reserved. 2
3 Executive Summary Research conducted to understand impact on retail purchase time of various types of PayPass deployments; methodology involved comparing purchase times of various ways to pay Eleven merchants of various categories were grouped by the quality of their PayPass POS (point-of-sale) deployment: high/medium/low* 2 pharmacy chains (New York metro) 52 transactions 2 grocery chains (regional/metro) 60 transactions 2 convenience store chains (1 national, 1 regional) 60 transactions 3 national quick service restaurant chains 86 transactions 2 movie theater chains (New York metro) 26 transactions 10 of 11 merchants had integrated PayPass terminals/readers with cash register systems; 1 merchant setup required dual entry** * See page 13 for a definition of high, medium and low quality deployments **A dual entry setup requires the cashier to setup the terminal to receive payment card information, and is not ideal October 9, 2007 MasterCard. All rights reserved. 3
4 Executive Summary (cont.) High quality PayPass deployments were: 52% (or 15 seconds) faster than cash payments 33% (or 6.86 seconds) faster than payment cards Medium quality PayPass were: 56% (or 7.87 seconds) slower than high quality PayPass setup 26% (or 7.74 seconds) faster than cash in this set-up Low quality PayPass deployments were 172% (or seconds) slower than those in high quality setups, and were 83% (or seconds) slower than cash in low quality setups. See the table on the following page October 9, 2007 MasterCard. All rights reserved. 4
5 Average Payment Times By payment type & point-of-sale setup* Payment type High quality Medium quality Low quality PayPass (All forms) Payment card Cash (All forms) *All measures in seconds and milliseconds (mm.msec) October 9, 2007 MasterCard. All rights reserved. 5
6 October 9, 2007 Research Objectives
7 Research Objectives The purpose of this study is to determine any measured improvement in purchase time and other benefits that MasterCard PayPass provides compared to other payment methods. Specifically, the objectives are to: Compare overall transaction times for the following payment methods: Exact Cash/ Change MasterCard PayPass card Large/Nearest Bill (Cash) Citi MasterCard PayPass tag 1 Payment card (magnetic stripe) Compare transaction times across merchants. Evaluate the impact of PayPass point-of-sale (POS) deployment on payment times across merchants 1 The Citi MasterCard PayPass tag observed in this study was approved for issuance under waiver. October 9, 2007 MasterCard. All rights reserved. 7
8 October 9, 2007 Methodology
9 Transaction Itemization A total of 284 transactions were conducted in the physical merchant environment by two familiar / trained MasterCard personnel. The practitioners assumed the role of "mystery shopper" and did not draw attention to the fact that they were recording transaction times. The transaction breakdown of the study is as follows: 55 Large/near bill 50 Exact cash/change 50 Payment card 129 MasterCard PayPass: 65 card 64 non-card/device 19% 18% 18% 44% Exact cash/change Lg/Near bill Credit card 22% 23% PayPass card PayPass tag October 9, 2007 MasterCard. All rights reserved. 9
10 General Quality & Control The general quality and control criteria for the study provided that: At least one transaction of each payment type was conducted at 4 different locations for each merchant.* Merchants were visited at varied times throughout the day. One researcher did all PayPass card transactions, another all exact change payments, etc. This provided control in the amount of time to locate money or card, get receipt or change, etc. Purchases were similar in nature, but not exactly the same (i.e. one small item per transaction, one food or beverage at Burger King, etc). Detailed tracking sheets were completed for each transaction to provide detailed documentation for future reference. Most transactions were audio taped to provide additional documentation. * We conducted the study at 6 CVS pharmacy locations in New York City. Four had implemented the HHP terminal and reader; 2 implemented the Hypercom terminal and reader. October 9, 2007 MasterCard. All rights reserved. 10
11 Time Measurement The time measurement quality and control criteria for the study provided that: Measurements were taken in seconds accurate to the nearest hundredth of a second (00:00:00.00). The same researcher timed all transactions to ensure consistency of measurements, using a Sportline brand stopwatch. Measurements included: 1. Overall Purchase Time The total time involved in the transaction, from when the customer is greeted by the cashier until the customer receives the receipt. 2. Payment Time* The time involved from when the cashier tells the customer the final price until the customer receives the receipt. *Measurement of grocery self-checkout machine transactions differ from above, due to their unique characteristics (described in detail on following page). October 9, 2007 MasterCard. All rights reserved. 11
12 Time Measurement (cont.) Time measurements techniques differed for self checkout due to its unique characteristics: Self-Checkout Payment Time For PayPass form factors & payment cards. The total time, starting with the start of payment portion of the self-scan, until the machine confirms that payment is complete and customer can take receipt and remove groceries. October 9, 2007 MasterCard. All rights reserved. 12
13 Definitions PayPass Point-of-Sale Deployment Quality* To analyze the impact of the deployment context on transaction times, we grouped the merchant deployments into three levels of quality: High: Integrated PayPass reader & payment terminal with the cash register. Minimal cashier involvement needed to make card payments. Some training for cashiers; or instructions at point-of-sale. Implemented for 1-2 years, or more. Generally follows MasterCard PayPass deployment best practices. Medium: Integrated card terminal and register; PayPass reader can be stand-alone. Some cashier involvement needed to finish card payment steps. Little or no training. Implemented 6-12 months. Low: PayPass reader & payment terminal separate from register; dual entry required. Cashier required to setup terminal and complete payment steps on card terminal. No training provided. Recently implemented. *The levels were set by the PayPass merchant deployment team after a high-level review of various POS contexts. October 9, 2007 MasterCard. All rights reserved. 13
14 Application of Results This study is intended to provide a general, qualitative report of the time metrics for purchases at PayPass merchants selected for this study the limited number of trials conducted is not statistically relevant. As such, the results are only applicable to this limited sample and cannot be directly applied to merchants outside the scope of this trial. October 9, 2007 MasterCard. All rights reserved. 14
15 October 9, 2007 General Conclusions
16 Overall Payment Times Best Practices followed: PayPass payments are quicker than all other payment methods when the point-of-sale context includes these characteristics: Integrated PayPass reader and credit card terminal; Integrated reader/terminal and cash register Dual entry, PIN entry and cardholder signature NOT required; Minimal cashier attention or assistance is required; PayPass has been deployed for 6 months or longer; and Some training or instruction provided to cashiers Significant barriers to optimal PayPass transactions include: Dual entry Hard to access, locate PayPass readers Unfamiliar, untrained cashiers PayPass high- quality POS 14.0 PayPass self- checkout 17.5 PayPass, low- quality POS 38.1 PayPass, med- quality POS 21.9 Payment cards, overall 22.6 Cash, overall Seconds (ss.msec) October 9, 2007 MasterCard. All rights reserved. 16
17 Overall Payment Times (cont.) Percentage Difference in Average Payment Times The average PayPass transaction is seconds. The average credit card payment is only 10% (2.45 seconds) faster than a PayPass payment, overall. But, payment card and cash payments are % slower than PayPass payments with a cashier in high-quality setups. Due to medium- and lowquality PayPass point-ofsale environments (dual entry, little cashier familiarity). Due to easy-to-locate and use readers, and knowledgeable cashiers. October 9, 2007 MasterCard. All rights reserved. 17
18 PayPass Payment Times PayPass payment times across all merchants locations in study: Pharmacy Grocery Seconds (ss.msec) The pharmacies, grocery stores & convenience stores that we studied had a high level of integrated readers and terminals making these locations our fastest, high quality deployed locations. Convenience QSR The QSR and movie locations we studied had either a dual entry set up or the readers were in awkward locations making it more difficult to easily use leading to their lower scores. Theater October 9, 2007 MasterCard. All rights reserved. 18
19 PayPass POS Setup Impact on Payment Times 1. Choice of equipment, integration with the register, and setup positively influence PayPass payment times 2. Due to the novelty of the technology, cashiers do not see a large number of PayPass payments compared to cash or traditional payment cards. Once more cards are in use, payment times will likely decrease at all POS setups, as cashiers become more used to it and become users themselves. High 14.0 Medium 21.9 Low Seconds (ss.msec) October 9, 2007 MasterCard. All rights reserved. 19
20 Citi MasterCard PayPass Tag, compared to the MasterCard PayPass card The Citi PayPass tag and the PayPass card perform similarly, on average. Payment times for both decrease as the quality of the point-of-sale setup improves. In seconds (ss.msec) Payment method Low Medium High Form factor average PayPass card Citi PayPass tag Overall average October 9, 2007 MasterCard. All rights reserved. 20
21 October 9, 2007 Merchant-Specific Conclusions
22 Pharmacies Deployment quality: medium & high PayPass payments have average payment times of: 7.50 sec at Duane Reade (NY) sec at CVS (NY) Cash and credit card payments are faster at CVS because the PayPass reader implemented is difficult-to-use. Often, we would have to tap 2-3 times before it would read the card or tag. PayPass payments on the CVS setup took 127% more time or added 9.5 seconds to the average time from Duane Reade. Payment method PayPass card PayPass device Cash, large/near bill Cash, exact cash/coin CVS - medium Duane Reade - high Total Avg (10) (10) Payment card (8) Numbers in parentheses () indicate the number of transactions performed. October 9, 2007 MasterCard. All rights reserved. 22
23 Grocery Stores Deployment quality: low to medium PayPass payments have average payment times of: seconds at Meijer (Columbus); seconds at D Agostino (New York) The PayPass card payments are slightly faster than the tag especially at the Meijer cashier checkout. Cash payments at the self-checkout (Meijer only) are significantly slower than PayPass and credit card payments. This is due to difficulties feeding money into bill acceptor. Payment method PayPass card PayPass device Cash, large/near bill Cash, exact cash/coin Payment card D'Ag* - low Meijer - medium In-store Selfcheckout Total avg Numbers in parentheses () indicate the number of transactions performed. * D Ag is short for D Agostino. It is a supermarket chain in the New York Metro area. October 9, 2007 MasterCard. All rights reserved. 23
24 Convenience Stores Deployment quality: medium Payment method 7 Eleven - medium Sheetz - medium Total average PayPass card PayPass device Cash, large/ near bill Cash, exact cash/coin Payment card Numbers in parentheses () indicate the number of transactions performed. (8) (8) (8) (8) (8) Why is the tag faster? Perhaps because the cardholder does not have to take out, and put away, her card. Or, her car keys are already in hand. Add to this that, when the cashier sees a card, they expect the cardholder to swipe the magnetic stripe. PayPass payments have average payment times of: seconds at Sheetz (Cleveland); seconds at 7 Eleven (Philadelphia & New York) The Citi MasterCard PayPass tag payments are slightly faster than the card especially at 7 Eleven. October 9, 2007 MasterCard. All rights reserved. 24
25 Quick Service Restaurants Deployment quality: high to low Payment method PayPass card McDonald's - high Arby's - medium PayPass tag Cash, large/ near bill Cash, exact cash/coin Payment card Numbers in parentheses () indicate the number of transactions performed. Burger King low PayPass payments have average payment times of: seconds at McDonalds; seconds at Arby s; and 41 seconds at Burger King The Citi MasterCard PayPass tag payments are significantly slower at McDonald s and Arby s than the card. This is because the cashiers required more time to understand the novel form factor. October 9, 2007 MasterCard. All rights reserved. 25
26 Movie Theaters Deployment quality: low & medium PayPass payments have average payment times of: seconds at Clearview Theaters (New York); seconds at Regal Theaters (New York) PayPass payments at all theaters were 66% (or seconds) slower than payment card payments. Equipment was often broken or not working However, PayPass payments were only 1.4 seconds (or 4%) slower than cash payments, a nominal difference. Payment method PayPass card PayPass device Cash, large/near bill Cash, exact cash/coin Payment card Regal - low Clearview - medium Total Average Numbers in parentheses () indicate the number of transactions performed. (2) (2) (2) (1) (2) (1) (2) October 9, 2007 MasterCard. All rights reserved. 26
27 Thank you.
Accepting Contactless Payments: A Merchant Guide
Accepting Contactless Payments: A Merchant Guide A Smart Card Alliance Contactless Payments Council White Paper Publication Date: July 2007 Publication Number: CPC-07001 Smart Card Alliance 191 Clarksville
More informationContactless Payments: A New Era of Payments for Retailers. Smart Card Alliance Contactless Payments Council
Contactless Payments: A New Era of Payments for Retailers Smart Card Alliance Contactless Payments Council Webinar Topics Industry, issuer, retailer and payment processor perspectives on: Who is leading
More informationwhat's next in connectivity
what's next in connectivity Outlook on the Retail Adoption of Contactless Payments Michael Liard Research Director, RFID & Contactless ABI Research liard@abiresearch.com Agenda North American Contactless
More informationUsing Payment Innovation to Improve Urban Transportation Networks
Using Payment Innovation to Improve Urban Transportation Networks Federal Reserve Bank of Chicago June 12, 2007 Chicago, IL Today s Outline Market perspective Payments Transit Closed-loop systems Overview
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 THE DEFINITIVE GUIDE FOR US MERCHANTS AND POS RESELLERS
EMV THE DEFINITIVE GUIDE FOR US MERCHANTS AND POS RESELLERS WHAT IS EMV EMV is a global standard for credit and debit card processing designed to replace magnetic stripe cards. Also referred to as chip
More informationMOBILE CHECKOUT SOLUTION
MOBILE CHECKOUT SOLUTION MONEXgroup in this report introduces the Mobile Checkout Solution for merchants who process payments on-the-go using their Smartphone devices. Mobile Checkout allows businesses
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 informationand convenience stores
RETAIL MANAGEMENT SOFTWARE SYSTEMS for supermarkets, grocery and convenience stores From gourmet food stores to multi-department supermarkets and everything in between the LS Retail solutions help you
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 informationElectronic Banking Bonanza
Total Points Earned 24 Total Points Possible Percentage Electronic Banking Bonanza 2.7.1.L1 Note Taking Guide Name Date Class Directions: Complete the following note taking guide during the PowerPoint
More informationEMV: The Next Generation of Payments
Carolyn Balfany Group Head, Product Delivery EMV: The Next Generation of Payments 2012 MasterCard EMV Video Page 2 EMV Chip Transaction Flow Card Authentication Cardholder offers card to reader Cardholder
More informationMULTOS World Series USA. February 7, Salt Lake City
Discover Financial Services MULTOS World Series USA February 7, 2013 Salt Lake City 1 Agenda Payments Industry Overview (Discover Financial Services-centric) Networks Make It Possible U.S.A. EMV Migration
More informationContactless Payment: Applications, Technologies and Transaction Models
Contactless Payment: Applications, Technologies and Transaction Models Smart Card Alliance Terminal & etransaction Infrastructure Task Force February 13, 2003 1 New Contactless Payment White Paper (Medich)
More informationSTAR Network Overview
STAR Network Overview Presented by: Jeff Jakopec, Sr. Strategy Business Development September 26, 2017 What Differentiates STAR Network From the Rest STAR provides market leading fraud solutions that help
More informationSmall business guide. Contactless made easy: what you need to know
Small business guide Contactless made easy: what you need to know Contactless payments have more than trebled (249%) between 2012 and 2013. 1 If you want happier customers, more people in-store and to
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 informationEMV FAQ S FROM A MERCHANT S PERSPECTIVE
EMV FAQ S FROM A MERCHANT S PERSPECTIVE WHAT IS EMV? EMV, or Europay MasterCard Visa, is a fraudreducing technology that can help protect issuers, merchants and consumers against losses from the use of
More informationTap and Grow? The Case For Contactless Payments In The U.S. Karen Webster
Tap and Grow? The Case For Contactless Payments In The U.S. Karen Webster May 21, 2007 2007 EPRG Contactless Forum Federal Reserve Bank of Boston First, A Story... MPD Reality Payments Their Biggest Challenge?
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 informationContactless Card Reader Merchant Operating Guide
Contactless Card Reader Merchant Operating Guide PC-EFTPOS i5100 Terminals PHONE NUMBERS. THE FOLLOWING HELP DESK S AND AUTHORISATION CENTRE S ARE AVAILABLE TO YOU 24 HOURS A DAY, 7 DAYS A WEEK. BANKSA
More informationNon-PCI PED Compliant Equipment
Non-PCI PED Compliant Equipment Page 24 Nurit 8320 Base and Dual comm. Ethernet (board only) NON-PCI PED COMPLIANT External PIN Debit only As a compact, all-in-one countertop POS, the NURIT 8320 is ideal
More informationPayPass M/Chip Requirements. 3 July 2013
PayPass M/Chip Requirements 3 July 2013 Notices Following are policies pertaining to proprietary rights, trademarks, translations, and details about the availability of additional information online. Proprietary
More informationContactless Card Reader Merchant Operating Guide
Contactless Card Reader Merchant Operating Guide PC-EFTPOS i5100 Terminals PHONE NUMBERS THE FOLLOWING HELP DESK S AND AUTHORISATION CENTRE S ARE AVAILABLE TO YOU 24 HOURS A DAY, 7 DAYS A WEEK. St.George
More informationChip and PIN Programme. Using chip and PIN
Chip and PIN Programme Using chip and PIN Introduction This material is designed to train retail staff on using chip and PIN. This presentation is in PDF format, however if you would like to extract slides
More informationExercise 2: Field Observations and Data collection of Self-Checkout Systems. Field notes and summary of observation
Page 1 Exercise 2: Field Observations and Data collection of Self-Checkout Systems In an attempt to make in-store shopping a more personalized experience, supermarkets such as Walmart, Target, and many
More informationA Buyer s Guide to POS
A Buyer s Guide to POS CONTENTS 3 Know Your Hardware 7 EMV & Payment Processing 2 4 6 Know Your Software Decide on Your OS 8 9 EMV & Payment Solutions Security A point-of-sale (POS) system is the foundation
More informationMobile Payment Platforms For The Artist
Mobile Payment Platforms For The Artist Navigating Square & PayPal On The Go Presented by Renee Ford of Renee Ford Metals Mobile Payment Options Available Square Accept Visa, MasterCard, Discover, and
More informationEMV: Strengthen Your Business Through Secure Payments
PRODUCT CAPABILITY GUIDE EMV Chip Cards Payments EMV Chip Cards Payments EMV: Strengthen Your Business Through Secure Payments As EMV chip-based technology gains coverage around the world, it gets easier
More informationPayPass Mag Stripe Acquirer Implementation Requirements. Version 1.1 February 2012
PayPass Mag Stripe Acquirer Implementation Requirements Version 1.1 February 2012 Proprietary Rights The information contained in this document is proprietary and confidential to MasterCard International
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 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 informationAn opportunity to collaborate
Payment Systems in Public Transport An opportunity to collaborate Keith Smith Payment Systems Consulting Keith.Smith@telkomsa.net Agenda 4 Retail Payment Systems 4 Electronic Money Products 4Account based
More informationContactless payments are in your future.
Contactless payments are in your future. For the last several years the United States has been lagging behind most of the rest of the world when it comes to contactless payments technology, but all of
More informationContactless Payments: Delivering Merchant and Consumer Benefits
Contactless Payments: Delivering Merchant and Consumer Benefits A Smart Card Alliance Report Publication Date: April 2004 Publication Number: PT-04002 1 Smart Card Alliance 191 Clarksville Rd. Princeton
More informationTransit and Contactless Financial Payments: New Opportunities for Collaboration and Convergence
Transit and Contactless Financial Payments: New Opportunities for Collaboration and Convergence A Smart Card Alliance Transportation Council White Paper Publication Date: October 2006 Publication Number:
More informationChapter 16. using math in sales. Section 16.1 Sales Transactions. Section 16.2 Cash Registers. Section 16.3 Purchasing, Invoicing, and Shipping
Chapter 16 using math in sales Section 16.1 Sales Transactions Section 16.2 Cash Registers Section 16.3 Purchasing, Invoicing, and Shipping Section 16.1 Sales Transactions PREDICT What kinds of math does
More informationVARTECH NATION. EMV Certification for IT Professionals
The modern credit card is an American invention but in the twenty-first century, Europe has led the way in credit card technology. The first smart cards, equipped with their own computer chips, showed
More informationNOTE: Close any security window that pops up (McAfee, MalwareBytes, etc.)
Table of Contents Cashier Start-of-Day Process... 2 Logging in as a cashier and Opening the Terminal... 2 Turn the computer on and log in... 2 Cashier Instructions for Sales Events... 7 Checkout Process...
More informationAttachment 2: Merchant Card Services
Attachment 2: Merchant Card Services Overview The County s primary purpose in seeking proposals for merchant card services is to provide a variety of card payment options and services to County customers
More informationTransportation Payments Briefing
Burt A. Wilhelm, Vice President Global Transportation Team Business Development Burt_Wilhelm@MasterCard.com March 16, 2009 Transportation Payments Briefing APTA 2009 Fare Collection Workshop Agenda Business
More informationWe help people live longer, healthier, happier lives.
RF Payment at Overview About Speed of Checkout American Express RF Phoenix Beta Test RF Deployment Decision RF Enabled Payment Terminal Rollout Strategy Contactless Benefits RF Activity 2 We help people
More informationWe are a service orientated company, constantly striving to set new benchmarks in customer satisfaction and operational excellence.
Wemsol is an innovative payment and technology service provider for financial and retail sector. Founded in 2011, the team has years of proven experience in distribution, marketing, banking, telecommunication,
More informationICT IGCSE Theory Revision Presentation 2.2 Direct data entry and associated devices
Describe direct data entry and associated devices, e.g. magnetic stripe readers, chip and PIN readers, Radio Frequency Identification (RFID) readers, Magnetic Ink Character Reader (MICR), Optical Mark
More informationFrequently Asked Questions
Chip Card for U.S. Commercial Card Below are some frequently asked questions to help you understand the chip card benefits and usage, as well as, chip card program management. General 1. What is a chip
More informationCard Payment acceptance at Common Use positions at airports
Card Payment acceptance at Common Use s at airports Business requirements Version 1, published in June 2016 Preamble Common Use (CU) touchpoints (self-service s such as self-service kiosks or bag drops,
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 informationFOR A BARRIER-FREE PAYMENT PROCESSING SOLUTION
FOR A BARRIER-FREE PAYMENT PROCESSING SOLUTION MAKE THE SWITCH TO MONEXgroup ecommerce I Mobile I Wireless I Integrated I Countertop Solutions PAYMENTS IN-STORE PAYMENTS ON-THE-GO PAYMENTS ONLINE Accept
More informationtmw Prepaid Card For #better_tomorrow SECURED BY POWERED BY PCI COMPLIANT
tmw Prepaid Card For #better_tomorrow 1 SECURED BY POWERED BY PCI COMPLIANT Meet the tmw Prepaid Card Powered by MasterCard. Issued with Federal Bank Chip and Pin Secured Card Accepted Everywhere: Accepted
More informationFinancial Services. EMV is on the way: are you prepared? Advisory
April 2014 Financial Services Advisory EMV is on the way: are you prepared? This article lists the key drivers for EMV migration and how issuers are preparing for EMV in the US. Over the last year, there
More informationContactless Toolkit for Acquirers
MASTERCARD AND MAESTRO CONTACTLESS PAYMENTS Contactless Toolkit for Acquirers DECEMBER 2016 19.7% The Global Contactless Payment Market is poised to grow at a CAGR of around 19.7% over the next decade
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 informationTreasury Management Solutions
Sales Support T3 Tech Support Team Live Chat @ www.texasbankandtrust.com 903-237-1881 1-800-263-7013 rev 20431 12/2017 Treasury Management Solutions THE TBT DIFFERENCE Established in 1958, Texas Bank and
More informationEMV 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 information8 Steps to Effective Use Cases
8 Steps to Effective Use Cases Linda Westfall lwestfall@westfallteam.com www.westfallteam.com Sponsored by Linda Westfall 3000 Custer Road Suite 270, PMB 101 Plano, TX 75075-4499 phone: (972) 867-1172
More informationHow do you go beyond to
How do you go beyond to Offer customers more payment options? Minimize fraud and data breach risk? Simplify PCI DSS compliance? Stay up to date on payment technology? FIRST DATA. Terminals and POS SOLUTIONS.
More informationICT IGCSE Theory Revision Presentation 2.2 Direct data entry and associated devices
Describe direct data entry and associated devices, e.g. magnetic stripe readers, chip and PIN readers, Radio Frequency Identification (RFID) readers, Magnetic Ink Character Reader (MICR), Optical Mark
More informationMerchant Trading Name: Merchant Identification Number: Terminal Identification Number: ANZ CONTACTLESS EFTPOS MERCHANT OPERATING GUIDE
Merchant Trading Name: Merchant Identification Number: Terminal Identification Number: ANZ CONTACTLESS EFTPOS MERCHANT OPERATING GUIDE Contents 1. Welcome 3 2. Merchant Operating Guide 3 3. Important Contact
More informationPayment Gateway Overview. Get familiar with credit card processing & our platform
Payment Gateway Overview Get familiar with credit card processing & our platform What Do Merchants Need to Be Successful Online? Understanding all of the working parts involved in your merchant customers
More informationIt s Not Too Late for EMV What You Need To Do Now!
It s Not Too Late for EMV What You Need To Do Now! September, 2015 Lindsay Breathitt, Product Marketing Steve Cole, Product Management Ray Moorman, Product Management What is EMV? Fiction vs. Fact Why
More informationEmerging Payments: The Next Step in Providing Member Convenience via Channel Expansion. Presented by CO-OP Financial Services
Emerging Payments: The Next Step in Providing Member Convenience via Channel Expansion Presented by CO-OP Financial Services Today s Presenters DR.KATHYHERZIGER-SNIDER Vice President, Product Development
More informationSummary of Mobile Payments Industry Workgroup (MPIW) Meeting with Merchants and Mobile Payment Start-ups September 25, 2012
Summary of Mobile Payments Industry Workgroup (MPIW) Meeting with Merchants and Mobile Payment Start-ups September 25, 2012 Federal Reserve Bank of Boston Payment Strategies Group June 24, 2013 The views
More informationPenny Lane POS. Basic User s Guide
Penny Lane POS Basic User s Guide Penny Lane POS Basic User s Guide - Contents PART 1 - Getting Started a) Powering on the Equipment 2 b) Launching the System 2 c) Float In/Float Out 2 d) Assigning Cashier
More informationE M V O V E R V I E W. July 2014
E M V O V E R V I E W July 2014 A G E N D A EMV Overview EMV Industry Announcements EMV Transaction Differences, What to Expect Solution Decisions Market Certification Considerations Questions 2 E M V
More informationBest Practices: Contactless and Mobile Payments Implementation
Best Practices: Contactless and Mobile Payments Implementation Welcome Rori Ferensic Director of Education and Professional Development, ETA The Smart Card Payments Application Series January 13, 2009
More informationFocus on Cards Market
Focus on Cards Market September 2012 e-newsletter CardSmart Bosphorus Payment Systems Technologies Prepaid cards Contactless payments City cards Cards Market CardSmart Bosphorus We Are Discussing Payment
More informationVeriFone VX QUICK REFERENCE GUIDE
QUICK REFERENCE GUIDE VeriFone VX This Quick Reference Guide will guide you through understanding your terminal s functionality and navigation, and will help you with troubleshooting. INDUSTRY Retail and
More informationDelaying Count. Totaling the Register THEN
Login 1. Select the POS icon. 2. Choose your name from the Name list. 3. Select Keyboard on Login screen. 4. Enter password in Password field. 5. Select Enter on Keyboard screen. Open for a Serving Period
More informationCHIP CARDS. Banks are issuing payment cards embedded with security chips to help protect you against fraud at the register. What is a Chip Card?
BANK NAME 1234 5678 9012 3456 Exp. 2018 JOHN DOE CHIP CARDS Banks are issuing payment cards embedded with security chips to help protect you against fraud at the register. What is a Chip Card? How Do I
More informationSemi-Integrated EMV Payment Solution
acceo tender retail Semi-Integrated EMV Payment Solution tender-retail.acceo.com Take control of your payment transactions ACCEO Tender Retail is a semi-integrated payment middleware solution that handles
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 informationTHE ADOPTION OF EMV TECHNOLOGY IN THE U.S. By Guy Berg Global Industry Sales Consultant Datacard Group
THE ADOPTION OF EMV TECHNOLOGY IN THE U.S. By Guy Berg Global Industry Sales Consultant Datacard Group Abstract: Visa Inc. and MasterCard recently announced plans to accelerate chip migration in the United
More informationWhat s New in WashConnect? System Requirement. New Benefits, Features, and Enhancements. WashConnect Version
November 12, 2018 What s New in WashConnect? We are pleased to announce the following new benefits, features, and enhancements in the WashConnect management system. New and improved WashConnect features
More informationWhat s New in WashConnect? System Requirement. New Benefits, Features, and Enhancements. WashConnect Version
November 21, 2018 What s New in WashConnect? We are pleased to announce the following new benefits, features, and enhancements in the WashConnect management system. New and improved WashConnect features
More informationWhat s New in WashConnect? System Requirement. New Benefits, Features, and Enhancements. WashConnect Version
January 11, 2018 What s New in WashConnect? We are pleased to announce the following new benefits, features, and enhancements in the WashConnect management system. New and improved WashConnect features
More informationMOBILE PAYMENTS: A Key Opportunity in Today s Business Landscape
MOBILE PAYMENTS: A Key Opportunity in Today s Business Landscape CONTENTS Introduction 2 What are we talking about when we talk about mobile payments? 3 What types of POS systems best fit your business?
More informationVirtual Terminal User Guide
Virtual Terminal User Guide Table of Contents Introduction... 4 Features of Virtual Terminal... 4 Getting Started... 4 3.1 Logging in and Changing Your Password 4 3.2 Logging Out 5 3.3 Navigation Basics
More informationPOS Transactions with a Partial Approvals 1
POS Transactions with a Partial Approvals 1 1 Table of Contents 1. Table of Contents 1 2. How to Run a POS Transaction with Partial Approvals 2-11 3. POS Receipt Example with Partial Approvals 12-14 4.
More informationTop of the line pos solution for those small business owners who are looking to modernize their business and make use of new technologies
Top of the line pos solution for those small business owners who are looking to modernize their business and make use of new technologies 1 Presenters Marc Forminio - SirclePOS Technical Supervisor Emanuel
More informationPayment Processing. Clover is sold as a standalone POS system, which means it can be used with a large variety of credit card processing companies.
Square VS. Clover Payment Processing Both the Square Stand and the Clover Station are payment solutions for businesses, but they differ in their flexibility. The Square Stand requires that each merchant
More informationHow Tablet POS Empowers Staff and Enhances Customer Experiences. National Computer Corporation
How Tablet POS Empowers Staff and Enhances Customer Experiences How Tablet POS Empowers Staff and Enhances Customer Experiences As a business owner, you probably have questions about tablet point of sale
More informationSVS Global Headquarters 101 Bullitt Lane, Suite 305 Louisville, KY 40222
Introduction Gift cards are a convenient and practical way for your salon s clients to pay for your products and services, and they can also generate a substantial amount of revenue during the holidays.
More informationSmartcards and Beyond
Smartcards and Beyond Nicholle Lindner Head of Cards Westpac Group 22 nd Nov 2011 AGENDA TODAY The history of payments What are smartcards? What are the benefits? The evolution of smartcards Contactless
More informationDEJAVOO FEE OPTIONS. SURCHARGE Learn More
DEJAVOO FEE OPTIONS Dejavoo offers several different fee options for your merchants to utilize, use the chart below for a brief description of each and to identify which options or combination of fee options
More informationFrequently Asked Questions
Chip Card for U.S. Commercial Card Below are some frequently asked questions to help you understand the chip card benefits and usage, as well as, chip card program management. General 1. What is a chip
More informationGuide to Contactless Cards
Guide to Contactless Cards 1 Guide to Contactless Cards Since the introduction of credit cards to the UK over 50 years ago, they have been in a constant state of evolution, as card issuers and retailers
More informationQUICK REFERENCE GUIDE Online POS Terminal. Thank you for choosing the Online POS Terminal. Chase is pleased to announce an
QUICK REFERENCE GUIDE ONLINE POS TERMINAL 1 ipp 320 PIN Pad QUICK REFERENCE GUIDE Online POS Terminal Thank you for choosing the Online POS Terminal. Chase is pleased to announce an enhanced version of
More informationOpen Banking Model for Fare Collection. CTST May 2008
Open Banking Model for Fare Collection CTST May 2008, 2008 ACS Transportation Solutions Over Twenty-Five Years of Transit Fare Collection Experience Transit smart card and magnetic tickets 100 million
More informationTOKENIZATION OF A PHYSICAL DEBIT OR CREDIT CARD FOR PAYMENT
Technical Disclosure Commons Defensive Publications Series January 31, 2016 TOKENIZATION OF A PHYSICAL DEBIT OR CREDIT CARD FOR PAYMENT Ritcha Ranjan Follow this and additional works at: http://www.tdcommons.org/dpubs_series
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 informationCommuter Benefits Overview. Why Commuter Benefits? How Does the Program Work? Let s get started! Registration is Simple
Commuter Benefits Overview Commuting to work each day can be expensive. The commuter benefit program offered by your employer will help you save money on your commuting costs along with the convenience
More informationSecurity enhancement on HSBC India Debit Card
Security enhancement on HSBC India Debit Card A Secure Debit Card HSBC India Debit Cards are more secure and enabled with the Chip and PIN technology. In addition to this you can restrict usage of the
More informationTerminal Guide VeriFone VX520 & VX820 Duet Retail Restaurant
Terminal Guide VeriFone VX520 & VX820 Duet Retail Restaurant This Quick Reference Guide will guide you through understanding your terminal s functionality, and will help you with troubleshooting your payment
More informationCard payment processing for your business
Card payment processing for your business Easy, reliable and secure solutions Easy We make things simple for you and your customers. Reliable We re always there for your business when you need us. Secure
More informationQUICK REFERENCE GUIDE Online POS Terminal. Thank you for choosing the Online POS Terminal. Chase is pleased to announce an
QUICK REFERENCE GUIDE ONLINE POS TERMINAL 1 ipp 320 PIN Pad QUICK REFERENCE GUIDE Online POS Terminal Thank you for choosing the Online POS Terminal. Chase is pleased to announce an enhanced version of
More information1.9 billion ADDING CONTACTLESS. AN ESTIMATED 1.9 billion CARDS WILL BE USED FOR CONTACTLESS PAYMENTS GLOBALLY IN *
MasterCard and Maestro Contactless CONTACTLESS Toolkit for acquirers 1.9 billion AN ESTIMATED 1.9 billion CARDS WILL BE USED FOR CONTACTLESS PAYMENTS GLOBALLY IN 2018. * ADDING CONTACTLESS By enabling
More informationCashless Payment Solutions
SECURE contactless. Making cashless payment more convenient, more secure and more profitable Committed Industry Leadership HID Global is an active member of a variety of industry and trade associations
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 informationWhat Do Merchants Need to Be Successful Online?
What Do Merchants Need to Be Successful Online? Understanding all of the working parts involved in your merchant customers success online Domain Registrar Web/App Developer Web Hosting Shopping Cart Accepting
More information