CenPOS cashiering combines the speed and convenience of a consumer-activated device with the flexibility to accept Visa, MasterCard, American Express, and Discover cards, cash, checks, ACH, and other forms of payment, with robust validated data security solutions. By managing signature capture and electronic document archival, as well as PIN-debit conversion, the integrated CenPOS interchange management system reduces your overall risk—so your bottom line benefits.
Chip-card adoption in the United States started with card issuers exchanging top-of-wallet traditional mag-stripe cards with those containing a computer chip. October 1, 2015 was the deadline for merchant chip card acceptance to avoid the shift in counterfeit card fraud liability from banks to merchants. Counterfeit card fraud has affected 46% of Americans in the last five years. CenPOS enables the acceptance of Visa, MasterCard, American Express, and Discover chip cards. Additionally, the CenPOS Enterprise Payment Suite manages the consumer experience and prompting for PIN entry or Signature Capture, ensuring the least costly acceptance.
CenPOS payment solutions offer a wide range of services to accommodate all of your processing needs.
Built with efficiency in mind, our retail credit card processing solutions are secure, simple, and easy to use. The CenPOS Virtual Terminal supports the following transaction types:
In using the CenPOS Virtual Terminal you will experience:
Gartner forecasts mobile sales of $721 billion with 450 million mobile users in 2017. Mobile represents an important Consumer engagement buying process that should not be overlooked to improve sales and customer retention. CenPOS mobile payments allow you to enable your consumer’s devices and take advantage of important trends.
Additionally, CenPOS Mobile credit card processing provides an Apple-like experience where associates engage the customer wherever they may be and can easily conduct sales while accepting any payment method. Supporting iOS, Android, and Windows, the flexible system gives device independence while accepting chip-cards, capturing electronic signatures, and email receipts - and securing the process with CenPOS Validated Data Security Solutions . CenPOS mobile gives you the capability to extend your business beyond your walls.
The CenPOS Express Checkout platform eliminates the cost associated with conventional paper-based billing and streamlines the collections process for billers and consumers alike. With electronic bill presentment and payment (EBPP), you get a faster, more convenient way to bill and receive money. Additionally, more than half of consumers are interested in doing away with paperless billing altogether.
Because transactions happen in real time, record keeping and reconciliation processes are more efficient and issues associated with double billing and later charges are eliminated to improve the customer experience. Delivery of electronic invoices via text and/or email with an immediate payment option expedites the collection process and reduces errors.
A rules-based engine allows for easy configuration to accept partial payments with explanations, bundle multiple invoices into a single payment, provide automated reminders of past-due balances, and add discounts or promotions while tracking the status of every invoice.
Working seamlessly with other CenPOS systems, invoices paid in any other fashion automatically update Express Checkout’s records to ensure that your customer’s account balances are always up to date.
E-commerce is growing 23% year-over-year, with 51% of Americans preferring to shop online. The CenPOS E-commerce solution allows you to accept payments online easily and securely while scaling to your business needs. Your customers can register multiple payment options for future use throughout the CenPOS Network.
As more and more businesses seek to compete in the online world, leading players use systems like CenPOS to micro-manage payment information to reduce the cost of acceptance and shift risk to the card issuing bank. These important aspects are essential in today’s hypercompetitive world where razor thin margins require intelligent payment processing in order to be successful.
Our payment portals integrate seamlessly into your website and do not require your customers to navigate to another page. You can use custom information fields to capture customer data aside from their payment information. Also, all transactions made through the payment portal are available through our reporting tools for easy reconciliation.
This solution is ideal for charitable organizations accepting donations, residential associations, bill pay, service payments, and any merchant who requires payment acceptance but does not require high-end integration with a shopping cart.
Our E-commerce solution includes the following implementations:
Easily integrating into your website and shopping cart, consumers remain within your web store without navigating to another page. Completely secure, the system captures consumer input directly into CenPOS encrypted systems to protect your website from transmitting or storing sensitive cardholder data.
We are integrated into the following shopping carts:
Designed for needs of businesses that invoice customers on a regular basis, CenPOS Recurring Billing Systems delivers a comprehensive solution of flexible billing and payment acceptance options. Statistics show that by the year 2020, more than 80% of software vendors will change their business model from traditional license and maintenance to subscription.
Enjoy an enterprise system that automatically manages declined transactions and cascades payments to other forms of payment to improve collection rates. Whether amounts are consistent or variable, installment or recurring, payments are collected on schedule and reminders are sent when payments are missed.
Integrated into the CenPOS Enterprise Suite, payments made in person, over the phone, or via your website automatically update, ensuring that customers aren’t double billed or needlessly burdened with reminders. All activities are tracked and business data is delivered in real time to help you make better business decisions.
All credit cards on file are managed at the payment gateway level for PCI Compliance and designated a ‘token,’ or an alpha-numeric character set that replaces sensitive card data. Businesses have access to the token, but not the sensitive cardholder data, after it’s stored. With token management, users can update the credit card expiration date manually. No other fields can be modified.
Per rules of card acceptance, the actual expiration date must be used. There have been recurring billing software solutions on the market that simply change the expiration date for recurring transactions with expired cards, for example by changing the date by one year. This enabled transactions to go through with an authorization in some cases because the expiration date was not validated by the issuer. However, for chargeback rights, the expiration date must be provided by the Cardholder and must be correct.
With CenPOS Account Updater, the card updater service automates updating cards for recurring billing, easily reserving chargeback rights and keeping customer data up to date. Visa and MasterCard, have a card updater solution to benefit those making the payments, and the merchants who receive them, and CenPOS is proud to have Account Refresher for American Express card users as well.
The CenPOS Dashboard reduces the cost associated with legacy reporting systems, which provide limited to no information. Users can create customized reports to help with daily back-office and bank reconciliations as well as internal and external audits.
Key benefits for your business include:
Our Dashboard enables the user to home in on key performance indicators—such as financial transactions, employee performance, enterprise performance and efficiencies, key operational ratios, and treasury performance analytics. Dashboards bring the data to life and enable a level of analysis that can be performed by anyone, regardless of expertise, potentially yielding new insights for the business.
The Dashboard’s report writing tool allows users to create reports with the data that is most valuable and/or important to them. The CenPOS electronic delivery system delivers the reports to the end-user(s) based on a schedule of their choosing.
CenPOS Geo-location services are integrated into the dashboard, making it easy to see where your customers are coming from, thereby helping your business create targeted marketing campaigns to improve sales.
Merchant credit card statements are quite complex, as the billing of transactions is governed by more than 700 interchange categories and thousands of rules. Failure to send the correct data, properly format transactions, and follow an ever-changing set of rules results in higher expenses, referred to as downgrades. Because Interchange cannot be negotiated, most business leaders think that the expense cannot be managed. This is typically true, unless they add intelligence to the process. No amount of cashier training can improve the management of electronic transaction information. It must be done by a system like CenPOS, where our patented interchange and transaction management system micro-manages the details of every transaction to ensure compliance. Compliant transactions cost less and avoid unnecessary losses due to chargebacks by properly reversing excess authorizations, obtaining incremental authorizations, and properly settling backordered and delayed shipments among other things.
You owe it to yourself to see how CenPOS helps you improve profitability for each and every payment transaction.
According to Visa, Purchasing Cards account for more than $22 trillion, with growth of 4.8% annually. Used by government, businesses, and higher education to control accounts payable spending, these cards represent an area of key importance for your customers. However, legacy payment systems do not support the proper workflow to accurately process these cards, leaving the business vulnerable to higher costs and fewer authorizations. Handling purchasing cards improperly can increase the cost of a particular transaction by as much as 59%. Your organization is presented with an opportunity to gain higher revenues from new customers while avoiding unnecessary costs when processing payments.
Level III Data is additional data that can be supplied with purchasing cards. This includes additional details about the customer’s order, such as tax amount, freight amount and line item details about the individual items the customer ordered.
CenPOS helps your business embrace business customers by properly processing these transactions in order to improve authorization rates while decreasing the cost of acceptance
Customers who shy away from providing credit card information directly to merchants may prefer to use PayPal. PayPal benefits the merchant as well: it is a fast, easy, secure way to get paid. Accept PayPal payments online and give your customers access to financing through PayPal Credit (subject to credit approval). Offering PayPal and PayPal Credit can boost sales and help secure larger orders by tapping into the millions of consumers who use the trusted devices.
Give buyers another way to pay you by adding PayPal—with quick and easy setup.
Add PayPal as an additional payment method to your checkout page. PayPal Credit is available as a payment method within Express Checkout.