Credit card processing and electronic check conversion have undoubtedly revolutionized the payments world. These are proven methods that can securely, accurately, and reliably handle the volume of payments generated everyday. Today, consumers have several ways of making payments for the goods and services they require.

Electronic Check Processing or ECP is a purely electronic solution available to qualified organizations, that have thousands of transactions per month, and who wish to reduce the volume of paper transactions. It is a process in which the check is merely used as a source of information such as the check number, your account number, and the number that identifies your financial institution. These figures are then used to make a one-time electronic fund transfer.

Here is how ECP works: You make a purchase at a store and pay by check. Instead of the check being manually deposited in a bank, and the money being deducted from your account in a couple of business days, the check is processed that very instant. The check is run through a machine or terminal, and its information is transmitted via electronic equipment to a national verification database. Within seconds a response is sent back to the merchant. A receipt very similar to a credit card transaction is generated and the customer signs it. The amount is debited to the store, as you can see later in your bank statement at the end of the month. The check is not listed with your other check transactions bust as an electronic debit transaction.

The benefits of an electronic check conversion are:
• Faster processing than a normal payment by check.
• You get a receipt and the voided check back instantly, as proof for the payment made.
• In an electronic check conversion, you have the right to an investigation by your financial institution when an error occurs.

The “Do’s” for electronic check conversion transactions:
• Inquire whether your check would be used for an electronic payment from your account or not.
• Find out whether any fee will be collected from your account electronically for the transaction.
• Make sure you get a receipt when you purchase at a store.
• Also, the same transaction must be listed on the statement you receive from your financial institution.
• Go ahead and ask your financial institution to investigate any electronic fund transfers from your account that you believe are unauthorized or incorrect.

ECP makes for convenience, which is critical to everyone. It allows merchants to forego trips to the bank, and is as good as accepting credit cards or debit cards. Now you can do business worldwide with a check!

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Telephone credit card processing is low cost and simple. You can use a cell phone, a portable phone or even a cord phone to process payments. Telephone credit card processing is best for seasonal merchants or merchants with low volume sales. The good part is that since you can use your regular phone, you are not compelled to incur the cost of purchasing new equipment.

This is how telephone credit card processing works: It is simple to use. Dial the 800 number and enter your merchant ID and your customer’s credit card information (number, expiration date and amount of sale) using the keypad of your phone. After the verification of all the information and payment particulars at the other end, you will receive an approval confirmation number. Funds will accordingly be transferred to your business checking account in a couple of business days. There is no hassle of sales slips, or deposit slips. You can receive the details of all your completed transactions at the end of each month in your statement. In addition, daily sales activity can be followed anytime using your phone.

Telephone credit card processing offers several facilities. You can process all Visa, MasterCard, American Express, and Discover from your phone. If you take your business to trade shows, or have a mobile business, Telephone credit card processing is perhaps the best solution for you. It is perfect for contractors, delivery, craft shows, seasonal businesses, home based businesses, and many more!

While processing a payment over the phone, make sure that you carefully follow the automated voice commands, and also record the approval number for future reference.

So, if you’re short on resources and cannot afford new credit card processing equipment or software right now, telephone processing is for you! It will help you make through those initial days of business set up, when sales volume is less and cash flow too is restricted. You can tap on customers who use plastic money, gradually growing your business and client base. Optimum use of telephone credit card processing is sure to prove beneficial!

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PC Charge Pro™ is widely used for PC Credit card processing. This award-winning software can be used to process all types of credit cards. Its several features make PC Charge Pro the first choice for businesses that operate online and otherwise. This is owing to the multi functional aspects of the software that allow for file import and export, recurring billing, customer database, and user permissions. Additionally, PC Charge Pro works on any windows, on a personal computer or a notebook. An internet connection, though preferred, is not absolutely necessary as transactions can be sent via phone or modem.

Following are the features you will be able to avail, while using PC charge Pro software for your credit card processing needs:

• Compliant with Visa, MasterCard, American Express, and Discover.
• High security with CVV2 fraud protection, and encrypted database.
• Accepts credit cards, debit cards, EBT, check verification, guarantee and check conversion.
• Allows you to schedule payment processing according to your specific business requirements.
• Makes for real time or offline processing.
• Offers User level password protection.
• Supports single as well as multiple users.
• Works for unlimited merchant numbers.
• Provides enhanced modem support.
• Automatically settles terminal-based account batches.
• Supports card readers, PIN pads and check readers.
• Boats of robust and customizable reporting features.

To work with PC Charge pro Software, your PC must have Windows. The software works with Microsoft Windows 98, Windows NT, Windows 2000, Windows XP or Windows 2003 Server. The processor speed must be 400 MHz or higher. Other pre-requisites include 64 MB minimum of RAM (256 MB preferred), 30 MB free space on hard drive (100 MB recommended) Hayes compatible modem (capable of 1200 BPS or less) with an analog phone line or an Internet connection, and a CD ROM drive.

PC Chare Pro is a powerful instrument that allows you to be quick and comfortable, at point-of-sale. Its strong protection features are one of the best in the industry. It is well suited for all businesses, including retail stores, direct marketing companies, mail-order/ telephone order businesses or websites. Hence, to save your time and money, and to use powerful features, use this software product, and you’ll see the change right away!

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Whatever business you’re in, be it home based businesses such as mail order, phone order or catalog businesses, retail, door to door, or any other, you may at any point in time, find yourself lacking in supplies needed for credit card processing. Don’t be at a loss because you’re ignorant about supplies required for credit card processing. You can keep them handy at all times and never loose a sale just because you’re out of printing paper, ribbons, batteries or cords.

Following is a list of supplies that can easily be bought at an electronics store or ordered online for speedy delivery at a great price!

Credit Card Machine Paper Rolls- an incredible selection of credit card machine paper rolls is available in the market. Only buy premium grade paper rolls that extend print head life and offer image quality second to none. Specialty & custom paper rolls such as 2-color thermal paper rolls, pre-printed rolls with logos or return policies & colored thermal paper rolls are also available. Always keep a roll of paper handy, when processing credit cards. Especially while hosting season sales, you never know when you run out of paper. Even while selling on a move, you can keep a paper roll available, as it’s compact and easy to carry.

Printer Ribbons- Buy original and compatible ribbons to replace older ones whenever required. High quality printer ribbons are easily available for a complete range of Dot-matrix & Inkjet Printers. Ensure that the ribbons you get have high ink holding capacity for longer print life. The fabric must be of optimum thickness to prevent the piercing of pins thus safe guarding the print head.

Imprinters- There are numerous sales transactions every day where merchants find credit card imprinters & imprinter slips indispensable. Credit card imprinters are commonly used at the Point-of-Sale for manual credit card transactions. A broad line of manual credit card imprinters including flatbed imprinters, portable imprinters, pump handle and electric imprinters are available.

Other supplies that you must have include power cords, connecting cables and batteries and antennas.

For these business supplies you can simply approach a reliable dealer online, for convenient toll-free ordering and speedy delivery right to your door. In fact your merchant account services provider may also offer you the same at very reasonable prices. So, get in touch with the supplies representative now and find out!

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Whatever home based business opportunity you decide to explore, you ought to be able to accept credit card payments from clients or customers. When looking for your work from home opportunity, clear all your doubts regarding payment processing, as this can hurt your success if you don’t know how to maximize the compensation plan to earn the most money based on your efforts. Here is a helpful insight into what to look for before deciding on how to accept payments for your goods and services.

Special packages for the specialized industry of home-based businesses!
Certain merchant services offer such packages. Carefully research all possibilities before making a decision on what is the best way to accept credit card payments for services rendered. The ability of being able to accept credit cards is a huge convenience for customers as well as you. You can accept payments through a banking institute, independent sales organization, or by a third party. Many merchant account providers offer high approval rates, and special account options for home-based businesses.

Independent sales organizations
The fees charged by an Independent sales organization or banking institute, is worth the ability of accepting credit cards. With higher sales volumes, this fee will be less as compared to the third party providers-offering an inducement for growing your business!

Third Party Providers
With a third party provider, the funds will get deposited into the merchant account, and then you can transfer it to your account. This may consume several days. Moreover, using a third party provider would also involve the threat of loosing transactions, as these are often deceitful companies.

Merchant Accounts through Banks
Banks are secure and dependable, and they like to associate with similar businesses. So, if you are a long-standing business owner or an owner with good credit, you can acquire a merchant account with a bank. If you are an internet business, have not clearly presented your goals, or incur too many charge backs, Banking institutions are more likely to reject your application for a merchant account.

Independent Sales Organizations
Independent Sales Organizations are ideal for businesses that have a less than perfect credit history. These Organizations accept almost all kinds of businesses including high risk businesses. They charge higher fees and are a good option for people and businesses that are otherwise unable to accept credit cards.

Many merchant accounts are now available for the home-based business owners. They have a high approval rate, and most are approved within twenty-four hours. While you successfully build your business opportunities, be prepared to make all the glorious money through credit card processing.

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Today, one of the most mission-critical aspects of payment processing being employed is wireless payment dealing, which is no longer just an emerging market. It is rather the segment that is continuously budding in the POS industry, offering entry to new vertical markets, new merchants and new ways to increase revenue. Wireless payment processing methodologies take optimum advantage of technology. They render the entire process of selling and buying more operationally efficient, more reliable and more secure.
Wireless technology has taken hold at the point-of-transaction, and the market will now see a growing shift towards more sophisticated applications. Early adopters include companies involved in biometrics, health care, prepaid, micro-payments, gift and loyalty. There is a whole new line of wireless payment equipment available in the market. Following are two good options to fulfill your payment processing needs:

Comstar Wireless Solution: The Comstar’s CHARGE ANYwhere™ Solution makes for easy, cost-effective and secure credit card transaction, wherever you are. This solution is a combination of compact handheld wireless magnetic card reader with the innovative Transaction Manager, a web-based database and reporting system, and other features such as e-mail. CHARGE ANYwhere™ runs on nationwide Cingular Wireless Mobitex and Motient networks.

Nurit 8000: This hand held terminal is flexible, and light-weight, making for fast, secure, and error-free transactions. The Nurit 8000 supports credit, debit, T&E, EBT, smart cards, prepaid, loyalty, gift & proprietary cards - as well as business management solutions such as inventory control, dispatch, delivery, etc. The unit supports a variety of cellular networks, including GSM/GPRS, Mobitex, CDPD, DataTac, and CDMA. Features include an easy-to-load thermal printer, a touch screen, built-in PIN Pad, and EMV smart card reader.

To enhance commerce, new initiatives are constantly being introduced. Wireless payment systems have enabled merchants to accept electronic cash anywhere and at anytime. This, in itself is a significant step forward, and the big names in the industry continue to roll out novel transaction payment infrastructures, allowing customers to transfer funds and make payments, when on the move.

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Pin-Pads provide the perfect solution for acquirers, processors, and merchants looking to capitalize on the rapid growth of debit, EBT, and other transactions. Easily connecting with most existing POS terminals or electronic cash registers, a Pin-pad offers a fast, simple way to be able to accept payments.

A pin pad must have the following features:
• Large, hard-rubber keys for ease of use.
• A sleek design.
• Small size, so that it occupies less counter space and fits the palm.
• Rugged and reliable, built to withstand hard knocks at the point of sale.
• Fully compatible with all credit card processing terminals, PCs and electronic cash registers (ECRs).
• Must support full range of security and sophisticated key-management schemes to protect transactions.
• Must meet ISO and ANSI standards for PIN encryption, key management, and Message Authentication Code (MAC)
• Must offer full backward compatibility.

There’s a whole new line of high-performance countertop Pin-pads that are leek, powerful, and adaptable. These include:

Verifone Pinpad 1000: The Verifone Pinpad 1000 provides maximum flexibility for debit card transactions. It supports both Master/Session and DUKPT (derived unique key per transaction). The Pinpad 1000 is compact and has an easy-to-read eight-character display. This pin pad meets ISO and ANSI standards for PinE encryption, key management and Message Authentication Code (MAC). Moreover, it maintains the security of the encryption key, is easy-to-clean, and supports multiple languages.

Hypercom S8: Hypercom S8 PIN Pads are fully reliable and highly secure for all debit transactions. They have impact-resistant construction and are compatible with all Hypercom terminals. The Hypercom S8 complies with international security standards and payment scheme specifications, has two management options, makes for simplified operations with 4 programmable function keys and is globally adopted, easy-to-read, and compact.

Nurit 202 PIN Pad: Nurit 202 PIN Pad is advanced, easy-to-use and rugged and reliable. It operates as a secure PIN pad, and accepts smart cards for all types of POS applications. It compiles with ISO encryption standards and works on a simple user-friendly operation.

Nurit 252: Nurit 252 is an easy-to-use hand-held PIN Pad. It accepts personal identification numbers (PINs) while encrypting these numbers for security purposes. PIN Pad NURIT 252 supports the Derived Unique Key per Transaction (DUKPT) and other recognized industry standards providing enhanced security and management levels. It supports numerous smart card applications such as frequent shopper retailing, health and social care, entertainment and travel services, and private house or multi-purpose cards.

Hypercom S9: Hypercom S9is a cost-effective and easy-to-use PIN entry device that meets the latest security standards. It is Visa PED and Triple DES-certified features Hypercom plug-and-play software.

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To stay ahead in the rapidly changing landscape of E-commerce, you as a credit card processing company need to leverage the benefits of latest technologies. Regardless of the size of your website or the volume of sales, the biggest issue at stake, in online credit card processing, is security.

Questions you must ask yourself:

• Do you adopt stringent security measures to ensure that critically sensitive information, such as your customer’s personal information and their credit card details, are protected?
• Is your customers’ entire credit card Authorization done using High End Secure Payment Gateways?
• Is the customer information and credit card details encrypted before it is transmitted over the Internet to the bank payment gateway?

There are a few key security measures of online credit card processing service that you must incorporate in order to handle your customers’ sensitive data for more secure processing:

• It is imperative that your company be registered with the world’s best and most trust worthy Online Authentication Agency.
• Your company’s server must back security firewalls to ensure maximum protection of your customer’s details. This guarantees that your information is inaccessible to any third party.
• Use industry-standard SSL (Standard Sockets Layer) Technology, which is used worldwide, for this data encryption, while processing credit cards. This facilitates secure online credit card processing.
• Also, follow strict in-house security guidelines for ensuring confidentiality of your customer information.

Since the Payment Gateway application software is maintained at secure high end servers, new payment technologies, standards and features are automatically implemented as they emerge. The payment gateway is integrated with risk management component, which empowers them with the ability to control risk effectively.

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An integral part of Credit Card Processing is issuing receipts and slips for customer signatures, thereby concluding the initial phase of the transaction. You may choose between a printer that is in-built with your credit card processing terminal and a stand alone printer. Also, you will have to decide between the two main types of printers: dot matrix and thermal. Your final selection ought to be a result of the following criteria:

• Price,
• Speed, and
• Reliability.

First, let’s differentiate between Dot Matrix and Thermal Receipt Printers:

Dot Matrix Printers are impact printers that use pins and an ink ribbon to print on regular paper. These are inexpensive and also tend to be slower than other alternatives available in the market.

Thermal Receipt Printers use heat and special heat-sensitive paper to generate receipts. While they cost more, they offer the advantages of being faster, quieter, and more reliable than dot matrix printers.

Third types of printers called Inkjet Printers are also available. They do offer the unique feature of printing in multiple colors, but have neither the speed of thermal printers nor the low costs of dot matrix printers.

Following are some stand-alone printers, recommended for use in conjunction with a credit card terminal:

Verifone P250 Printer- the VeriFone P250 is compatible with many credit card terminals, and comes with a Low Price Guarantee. Its 7-pin dot matrix printer produces crisp legible receipts at a rate of 2.1 lines per second.

Peripheron Thermal Printer- This is a Peripheron thermal printer that is faster, quieter, smaller and more economical to operate than older technology impact printers. Paper rolls are 50% bigger than normal and paper loading is easier. Prints are sharp and easy to read. Super fast printing produces 12.5 Lines per Second!

Verifone P900 Printer- the VeriFone Printer 900 is perfect for large volumes of transactions and is compatible with many brands of terminals.

Hypercom P8 Printer- the Hypercom P8 Printer is available as either a 40-column friction feed roll printer (P8F) or a 23-column sprocket feed printer (P8S). Both Hypercom P8 models feature bi-directional printing (which improves print speed), a small footprint, quiet and smooth operation, and both are compatible with all Hypercom T7 terminals. The Hypercom P8 prints 4 lines per second.

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A credit merchant account can help you take your business a step towards success. It can increase the productivity of your business. Merchant account enables you to process credit card payments made by customers.

Your credit merchant account enables you to turn your businss the way you want it. Like, in addition to accepting credit card payments at your store, you can carry a radio credit card processor with you to client’s abodes or topographic points of business and accept payment on the spot. This makes it easier for the client to pay. This way you are protected from delayed payments and risk of payments getting delayed.

For receiving payments quickly, you can hire employees to instantly process credit card payments. A credit card merchant account connected with a telephone order and payment scheme may affect your business in a positive way.

A digital programme will enable the client to get a toll-free figure, hear the messages about merchandises and services or select other options, such as payment or catalogue postulation, and then finish up by processing a credit card for any purchases made. There is no need to hire any new empolyees for this procedure. Since the entire process is automatic, there is no need for any person to reply to the telephone set. However, you may place someone to have a client service reply availble at certain working hours of the day.

Credit merchant accounts are creating quite a furore in the business world. With more companies emerging, and websites offering their information to the global world, clients in any cormner of the world can be reached.

Get some idea for a merchant credit account from a lender or investment banker. This special account will let you hoard credit payments in a timely manner instead of working through a clip-consuming charge procedure that may render less fruitful effects.

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