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Credit Card Processing

Studies show that credit card customers spend 2 1/2 times more than customers who only carry cash. Accepting credit cards can increase sales by as much as 40%.

Sponsored by PaynetSystems,Inc
www.paynetsystems.com
A Credit Card processing and Merchant Services provider
Paynet Systems is a registered Merchant Service Provider of Wells Fargo, NA

Thursday, September 16, 2004

IVR Terminals

Interactive Voice Response Terminals help in processing credit cards, debit cards and and checks through any touch-tone handling. One major benefit of IVR is that it helps to eliminate chargebacks on credit card transactions by disputing chargebacks with a voice stamp. You receive authorization to charge customer credit cards and chargebacks. You also receive authorization for scheduled monthly payments. It also Simplifies chargeback disputes with merchant's bank
There are several advantages of using IVR to verify orders and conforming identity. Voice is unique and more natural as compared to other biometrics and can be captured using any microphone. Voice is your own and identifies you as you alone plus it is something that cannot be stolen or lost. Voice requires no special equipment to buy and install and is the least intrusive and least costly access control method. Voice may be used in place of written signatures for financial transactions A typical IVR issues unique confirmation number and time and date stamp and offers unlimited verification retrievals.
IVR is a low cost verification solution and decreases disputes to a considerable extent..



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