What is VPOS?

VPOS (virtual point of sale) is a web-based application that enables credit card orders to be authorized by any operator with access to the Internet. Designed for use by any business that accepts orders by phone, fax or email, VPOS lets businesses process credit card transactions while the customer is "one the line". This provides instant feedback regarding the status of a customer's credit card, and dramatically improves customer service.

What applications can VPOS be used for?

VPOS can be used for a wide variety of applications. A small sample of these include:

• Telephone order payments
• Reservation deposits/payments
• Course registrations · Ticket sales
• License fee payments
• Bill payments
• Other payments by phone,
• fax or email

... And many more!

How secure is VPOS?

Skipjack Transaction Network offers the highest levels of security in the industry. Transactions are secured using SSL encryption for the VPOS interface. Once stored, each transaction is individually encrypted (secured) using patent-pending security technology. Even in the unlikely event that one transaction is compromised, all other transactions remain secured. In addition, credit card numbers are stored only on the Skipjack Transaction Network system.

The Skipjack Transaction Network Merchant Services facility itself is secured using advanced technologies and processes. All systems are fully redundant, and a diesel generator is available for potential power outage situations.

Why is Skipjack's VPOS solution better than competing solutions?

Paynet Systems VPOS solution is fully customizable to meet your information requirements. It enables you to capture up to 30 additional fields for data mining purposes. It connects to the Skipjack Transaction Network Payment Gateway, a proven high performance gateway with a full range of powerful features to make managing online payments easy. Its high levels of security and reliability make it ideal for businesses that are serious about doing business online.

What are the benefits of VPOS?

• There are many benefits to VPOS, including:
• Improved customer service through real time credit card authorization status
• Reduced payment processing costs, including:
  
  • Terminal fees
  • Phone lines
  • Customer call-backs
  • Manual batching of credit card data
• Reduced customer call hold time
• Improved control over individual transactions
• Faster processing than traditional POS terminals
• Lower incidence of fraud (no-cost address verification service for US cardholders)
• Enhanced information management through detailed reporting
• No training downtime
• No software installation, maintenance or obsolescence

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