CenPOS Certifies to Caribbean Credit Card Corporation

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CenPOS Certifies to Caribbean Credit Card Corporation

Miami, FL (PRWEB) October 27, 2014

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Today, CenPOS proudly announces a new certification to Caribbean Credit Card Corporation. The certification includes card present, card not present, e-commerce, and mobile processing. Merchants residing in countries where Caribbean Credit Card Corporation has a processing relationship with local banks are now able to take advantage of the CenPOS suite of products and services, including but not limited to: Mobile processing, Electronic Bill Presentment and Payment, integrated shopping carts, Point-to-Point encryption and tokenization. Cross border merchants are now able to easily manage their business payment needs through one single payment platform. CenPOS provides businesses across the globe with an omni-channel payment platform allowing the business communities to better engage their clients and allowing them to pay from anywhere, anytime and however they want to pay.

“We are very excited with this new certification as it bring us closer to our quest to provide our clients with global processing solutions with a world class platform,” said German Gonzalez, Chief Technology Officer and Co-Founder of CenPOS. “CenPOS will continue to add new certifications that are strategic and complimentary to our current product offering, but more importantly, certifications that are required by our valued clients,” added Gonzalez.

CenPOS is now able to provide core payment processing services in the following Caribbean countries:

Anguilla, Saint Kitts and Nevis, Antigua and Barbuda, Saint Lucia, Saint Vincent , Guyana, Barbados, Dominica, Grenada, Suriname, and Montserrat

About CenPOS

CenPOS is a merchant-centric, end-to-end payments engine that drives enterprise-class solutions for businesses, saving them time and money, while improving their customer engagement. CenPOS’ secure, cloud-based solution optimizes acceptance for all payment types across multiple channels without disrupting the merchant’s banking relationships. For additional information please call 877.630.7960.

CenPOS Achieves SSAE 16 Type II Compliance

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CenPOS Achieves SSAE 16 Type II Compliance

Miami, FL (PRWEB) September 29, 2014

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CenPOS, a leading payment-processing provider with data center facilities in Miami, Florida and Culpepper, Virginia, announced today that it has achieved the Statement on Standards for Attestation Engagements (SSAE) 16 type II standards compliance. The SSAE 16 Type II compliance demonstrates CenPOS’s ability to exceed security, compliance and safety-related requirements for controls and safeguards when hosting customer data.

Critical components to obtaining this certification include the ability to assess and reduce risk, propel business continuity and provide customers with controlled security measures. The assessment process involves the completion of SOC 1 reports, compiled by the American Institute of Certified Public Accountants (AICPA). These standardized reports review multiple aspects of the organization, including CenPOS‘s internal control over financial reporting (ICFR), security, availability, processing integrity, confidentiality and privacy in accordance with AICPA’s Trust Service Principles and AT Section 101.

“Exceeding SSAE 16 requirements across all of our datacenters as well as SOC requirements across our cloud and managed services platform, further demonstrates our commitment to the highest standards of operational excellence and consistently deliver best-of-breed, intelligent datacenter solutions to all our customers,” comments German Gonzalez, Chief Technology Officer and Co-founder.

About CenPOS

CenPOS is a merchant-centric, end-to-end payments engine that drives enterprise-class solutions for businesses, saving them time and money, while improving their customer engagement. CenPOS’ secure, cloud-based solution optimizes acceptance for all payment types across multiple channels without disrupting the merchant’s banking relationships. For additional information please call 877.630.7960.

CenPOS Certifies For Multi Currency Processing

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CenPOS Announces Certification For Multi Currency Processing using First Data’s Global Merchant Acquiring solution.

Miami, FL (PRWEB) September 24, 2014

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CenPOS announced today that it has certified its payment-processing platform to First Data’s Global Merchant Acquiring solution. This new payment offering enables merchants around the globe to sell in different markets and collect monies in multiple currencies; thus, making it very easy to conduct commerce around the world in a frictionless environment. Businesses and their customers are now able to make payments in local currencies without any currency exchange risk; more importantly, avoiding costly cross border fees assessed by card issuers and the card associations. This payment solution covers a large geographic area, which includes 43 countries and 14 different currencies. The new markets include all of Europe, South Africa, Latin America and part of Asia.

“This is really exciting for us, our customers will be able to easily conduct business around the globe through one single platform; therefore, giving them control over the payment collections process and financial transparency while removing the Treasury complexities that exist today,” remarked Jorge Fernandez, Co-Founder and Chairman of CenPOS. “For CenPOS, this is about giving our customers access to new opportunities, creating a better and more efficient way of doing business globally,” added Fernandez.

About CenPOS

CenPOS is a merchant-centric, end-to-end payments engine that drives enterprise-class solutions for businesses, saving them time and money, while improving their customer engagement. CenPOS’ secure, cloud-based solution optimizes acceptance for all payment types across multiple channels without disrupting the merchant’s banking relationships. For additional information please call 877.630.7960.

CenPOS Awarded Another Patent from US Patent Office for Alternative Payments

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CenPOS Awarded Another Patent from US Patent Office for Alternative Payments

Miami, FL (PRWEB) August 5, 2014

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CenPOS announced today that the US Patent Office has granted the company another patent (Patent Number 8799089). The new patent covers the handling and processing of traditional payments as well as alternative payments like cryptocurrency using a mobile device as a means of transaction origination and authentication. This is a major breakthrough in bridging the physical world and the virtual world. The business communities around the globe including major retailers have recently embraced both mobility and the alternative payment movement, especially cryptocurrency. This patent secures CenPOS’s position as a leading enabler in the acceptance, routing and processing of these new emerging payment types. More importantly, enables CenPOS to help its customers expand their payment acceptance to new heights, which in turn increases merchant sales, reduces payment acceptance costs, and reduces acceptance risk.

“We have been working on this patent for several years; from the beginning we were firm believers that these types of so-called alternative payments would eventually become mainstream payments,” said Jorge Fernandez, Co-Founder and Chairman of CenPOS. “CenPOS’s position has always been that merchants and consumers alike should not be limited to the traditional payment types currently being offered by the traditional payment networks; businesses and their customers should be able to freely choose what payment types they exchange for goods and services without boundaries and network limitations. All this needs to happen in real time and be frictionless,” added Fernandez.

About CenPOS

CenPOS is a merchant-centric, end-to-end payments engine that drives enterprise-class solutions for businesses, saving them time and money, while improving their customer engagement. CenPOS’ secure, cloud-based solution optimizes acceptance for all payment types across multiple channels without disrupting the merchant’s banking relationships. For additional information please call 877.630.7960.

CenPOS Brings Payment Innovation to Latin America with Evertec Certification

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CenPOS Brings Payment Innovation to Latin America with Evertec Certification

Miami, FL (PRWEB) July 22, 2014

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Today CenPOS announced a new certification to Grupo Evertec Panama. The certification includes card present, card not present, ecommerce and mobile processing. In addition, CenPOS also signed a referral agreement with Banesco. Merchants domiciled in Panama utilizing Banesco’s merchant acquiring services will be able to utilize the CenPOS processing platform and its full suite of services including but not limited to Mobile processing, Electronic Bill Presentment and Payment, integrated shopping carts, tokenization, integrated business solutions and Point-to-Point encryption.

“We continue to expand our network of acquiring services internationally, this will help our current and future clients alleviate their logistical challenges with their treasury management services,” said Jorge Fernandez, Chairman and Co-Founder of CenPOS. “The LATAM region is very diverse and very complex, very few ERP’s and POS systems are integrated with the local merchant acquirers, we at CenPOS are working hard at solving these issues by connecting to the local acquirers in each country and providing our clients with a single source solution globally,” added Fernandez.

Today CenPOS is certified to processors that are connected to financial institutions in the following countries:

Anguilla
Antigua and Barbuda
Bahamas
Barbados
Belize
Canada
Dominica
Grenada
Guyana
Montserrat
Panama
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines
Suriname
United States
Western Europe

About CenPOS

CenPOS is a merchant-centric, end-to-end payments engine that drives enterprise-class solutions for businesses, saving them time and money, while improving their customer engagement. CenPOS’ secure, cloud-based solution optimizes acceptance for all payment types across multiple channels without disrupting the merchant’s banking relationships. For additional information please call 877.630.7960.

CenPOS Makes Point-to-Point Encryption Available To All Its Users

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CenPOS Makes Point-to-Point Encryption Available To All Its Users

Miami, FL (PRWEB) July 2, 2014

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CenPOS is now offering point-to-point encryption (P2PE) to all merchants, as part of their plethora of solutions. This technology effectively protects the credit card information on every transaction by encrypting the cardholder’s sensitive data from the moment that the card is swiped on the credit card terminal. This technology helps businesses mitigate any data mishandling responsibilities as well as reduce their PCI scope.

Currently P2PE is not mandatory; however, given the most recent data breaches it is highly encouraged that merchants adopt this solution as part of their card acceptance best practices. “This technology generates peace of mind and good will for our clients and their customers,” said Jorge Fernandez, Chairman and Co-Founder of CenPOS. “CenPOS is committed to bringing additional value add and new innovative services to our clients,” added Fernandez.

CenPOS is now rolling out this new offering to its entire client base at no additional cost. This solution does not require any additional certifications for clients using the CenPOS platform.

About CenPOS

CenPOS is a merchant-centric, end-to-end payments engine that drives enterprise-class solutions for businesses, saving them time and money, while improving their customer engagement. CenPOS’ secure, cloud-based solution optimizes acceptance for all payment types across multiple channels without disrupting the merchant’s banking relationships. For additional information please call 877.630.7960.

ADP Dealer Services and CenPOS, Inc. Enter Into Exclusive Integration Agreement

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ADP Dealer Services and CenPOS, Inc. Enter Into Exclusive Integration Agreement

Partnership to Provide Retail Electronic Payment Processing Services to Automotive Dealer Clients 

HOFFMAN ESTATES, IL – January 3, 2014

ADP Dealer Services, Inc., a division of ADP®and a leading global technology solutions provider dedicated to helping dealerships drive measurable results across every area of their operation, announced today an exclusive, strategic integration agreement with CenPOS, Inc. to provide ADP Drive Dealer Management System clients with a secure, end-to-end payments solution called ADP ePayments.  The integration will revolutionize how dealers engage their customers, while also drastically reducing back office expenses—a crucial change given the forecasted rise of mobile transaction volume over the next five years.

“CenPOS will provide ADP dealers with a multi-channel payment solution that can help accelerate payment processes, increase customer enablement and reduce overall costs,” said Justin Sprague, Vice President of Product Marketing at ADP Dealer Services.  “With an enhanced, cloud-based, intelligent payment solution, customers will be able to make payments any way, anytime, anywhere.”

The new, integrated solution will be test driven in the marketplace by Braman Cadillac, Miami, Fla.—one of the premier groups of luxury dealerships operating in Florida and Colorado.  “CenPOS helped us automate our customer payment processes, decrease our interchange fees, and reduce the risk of fraudulent activity,” Omar Castillo, Controller of Braman Cadillac said.  “ADP ePayments leverages the capabilities of both companies.  The integration between ADP and CenPOS will allow our dealerships to focus on engaging with customers and creating a seamless consumer experience.  Braman prides itself on delivering exceptional customer service and believes this innovation will help us take it to even higher levels.”

ADP ePayments acts as a total payment solution for dealerships and their customers.  For example, customers can pay an invoice online, or through the Service Advisor using a mobile device as part of the ADP ServiceEdgeSM solution, and receive an email or text notification of the transaction.  Dealers can also manage accounts payable and receivable electronically in their ADP Drive Dealer Management System.

By automating a variety of manual processes and reducing staffing requirements, ADP ePayments can help streamline workflows as well as improve dealership efficiencies and expense management—resulting in increased profitability.

ADP ePayments is being launched in response to key trends emerging in the marketplace that require a total payment solution:

  •  Global mobile transaction volume and value is expected to average 35 percent annual growth in the next five years, according to Gartner, Inc.
  • Consumers expect payment flexibility, without waiting in lines—“shop anywhere” is the new norm
  • The widespread increase of data security breaches highlights the need for dealerships to have a secure payment solution that removes sensitive consumer information from their systems

“These trends are just a few examples of why dealers want to implement a mobile-driven, self-service payment solution that creates a frictionless buying experience for customers and staff alike,” said Christopher Justice, Chief Executive Officer of CenPOS.  “ADP’s strategy of integrating its best-in-class applications with CenPOS’s intelligent payment services perfectly meets the growing consumer demand.”

ADP and CenPOS will showcase the new ADP ePayments solution at the NADA Convention & Expo Booth #2953 on January 24–27 in New Orleans, LA.

About ADP

With more than $11 billion in revenues and more than 60 years of experience, ADP® (NASDAQ: ADP) serves approximately 620,000 clients in more than 125 countries.  As one of the world’s largest providers of business outsourcing and Human Capital Management solutions, ADP offers a wide range of human resource, payroll, talent management, tax and benefits administration solutions from a single source, and helps clients comply with regulatory and legislative changes, such as the Affordable Care Act (ACA).  ADP’s easy-to-use solutions for employers provide superior value to companies of all types and sizes.  ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine, recreational vehicle, and heavy equipment dealers throughout the world.  For more information about ADP, visit the company’s Web site at www.adp.com.

The ADP logo and ADP are registered trademarks of ADP, Inc.  ADP ServiceEdge is a service mark of ADP, Inc. All other marks are the property of their respective owners. Copyright © 2014 ADP, Inc.

About CenPOS

CenPOS is a merchant-centric, end-to-end payments engine that drives enterprise-class solutions for businesses, saving them time and money, while improving their customer engagement.  CenPOS’s secure, cloud-based solution optimizes acceptance for all payment types across multiple channels without disrupting the merchant’s banking relationships.  For additional information, please call 877.630.7960.

Media Contacts:

Sara Roa
CenPOS
443.824.4527
sara@verasolve.com

Michelle Benko
ADP Dealer Services
847.485.4389
michelle.benko@adp.com

 

 

CenPOS Announces Issuance of U.S. Patent

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CenPOS Announces Issuance of U.S. Patent

Miami, FL (PRWEB) November 19, 2013

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CenPOS, a cloud-based intelligent end-to-end payments platform, announced today that the company has been awarded a patent from the United States Patent and Trademark Office for cash management optimization of payment processing.

U.S. Patent number US# 8577730 entitled “Cash Management Optimization for Payment Processing” was awarded to CenPOS for a set of products that use merchant preferences and transaction profiles to manage the expense of payment interchange and provide a method for electronically delivering coupons. Using this technology, businesses can accept any form of payment via websites, store fronts, call centers, and mobile applications to improve customer engagement and simplify reconciliation. The intelligent system closely manages the full lifecycle of each transaction and utilizes advanced risk management and proprietary transaction routing to reduce the total cost of payment acceptance. The issuance of this patent validates the groundbreaking technology that CenPOS provides to a wide variety of industries including automotive, manufacturing, distribution, insurance, healthcare, and others.

“We are honored to receive a U.S. patent recognizing our unique work in payment processing. CenPOS creates an efficient customer shopping experience that correctly applies a merchant’s business practices to improve operational efficiency and reduce expense,” says CenPOS Chief Executive Officer, Christopher Justice. “The technology behind CenPOS is unlike any solution on the market today. The ability of our system to immediately identify the type of transaction and automatically know how to route that transaction at the lowest cost is revolutionizing the way merchants do business across a number of industries.”

CenPOS’ patented technology has been deployed to thousands of merchants nationwide. CenPOS can easily integrate into a variety of leading software applications or can be used as a comprehensive, stand-alone solution to deliver superior workflow and efficiency across multiple channels.

About CenPOS

CenPOS is a merchant-centric, end-to-end payments engine that drives enterprise-class solutions for businesses, saving them time and money, while improving their customer engagement. Our secure, cloud-based solution optimizes acceptance for all payment types across multiple channels without disrupting the merchant’s banking relationships. For additional information, please call 877.630.7960.

Ingenico Points to CenPOS as Key Factor in Strong Q3 Performance

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Paris, France October 30, 2013 – Ingenico, a leading worldwide provider of payment solutions, has referenced CenPOS a key factor for its substantial revenue growth in Q3 2013.  Click to view the press release.

Moneris Solutions and CenPOS Announce New Strategic Partnership

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Schaumburg, IL (BusinessWire) October 22, 2013

View Press Release on BusinessWire

Moneris Solutions Corp. (“Moneris”), one of North America’s largest payment processors, announced today it has formed a strategic business partnership with CenPOS, a leading provider of cloud-based payment management solutions for the business-to-business market.

CenPOS has integrated Moneris’ advanced payment processing function into its cloud-based omni-channel payment platform to transform the payment processing experience for businesses that sell to other businesses (B2B). The partnership gives companies in the United States and Canada a comprehensive enterprise-class solution and allows them to use a single payment processor in both countries. Together, CenPOS and Moneris provide a suite of end-to-end transaction management tools that help B2B increase sales and minimize costs through a variety of innovative reporting tools and interchange management functions.

In addition to payment processing, CenPOS consolidates data from payments received through all business channels—face-to-face, online, mobile and electronic bill presentment and payment (EBPP)—into an enterprise data analytics platform. B2B companies can now quickly and easily manage this data and identify opportunities and threats that impact their bottom line. The EBPP function enables companies to convert customers that are financing their purchases to customers paying immediately to help optimize cash flow and decrease working capital requirements.

“We could not have found a better partner in the business-to-business space than CenPOS,” said Chris Lee, President of North American Strategic Partners and Emerging Markets for Moneris Solutions. “Their product suite complements our B2B payments expertise perfectly. Together we can help B2B companies improve their cash flow and reduce expenses by driving down the cost of processing card payments.”

“B2B companies are now conducting business and accepting payments through multiple channels, so the need for tools to help them manage those transactions more effectively and efficiently is greater than ever,” said CenPOS CEO, Christopher Justice. “CenPOS delivers a comprehensive suite of omni-channel payment management solutions that improve customer engagement while driving efficiency and reducing costs. Through our integration with Moneris, we have made those solutions more powerful than ever.”

About Moneris

As one of North America’s largest providers of payment processing solutions, Moneris Solutions Corporation (Moneris) offers credit, debit, wireless and online payment services for merchants in virtually every industry segment and processes more than three billion transactions annually. Moneris also offers electronic loyalty and stored-value gift card programs. With more than 350,000 merchant locations, Moneris provides the hardware, software and systems needed to improve business efficiency and manage payments. For more information please visit www.moneris.com.

About CenPOS

CenPOS is a merchant-centric, end-to-end payments engine that drives enterprise-class solutions for businesses, saving them time and money, while improving their customer engagement. CenPOS’ secure, cloud-based solution optimizes acceptance for all payment types across multiple channels without disrupting the merchant’s banking relationships. For additional information please call 877.630.7960.

Creating Efficiences Through Payment Innovation.