DIRECT CARD PROCESSING IN CHECKPRO & LOANPRO
CHECKPROâ„¢ & LOANPROâ„¢ have built-in support for debit cards, EBT cards, and credit cards. These cards may be accepted for cash advance (ATM type) transactions, as well as in payment for purchases such as wireless minutes, bus passes, etc.
Contact Ernie for more information or to get started with Credit, Debit, EBT card processing today.
DIRECT DEBIT ∙ CREDIT ∙ EBT CARDS
In order to do these transactions from within CHECKPRO or LOANPRO, you must:
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Sign up with a credit card processing company. We really don't care who you use. You are free to consider any processing company. We can put you in touch with a company that represents the majors, and they will help you make a selection based on pricing and compatibility with our solution. Our preferred Payment Software Company is Dejavoo Systems.
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V Systems supports EMV capable (chip-enabled) card terminals in CheckPro, through our partnership with Dejavoo Systems SM.
EMV — which stands for Europay, Mastercard and Visa — is a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions.
EMV cards are much more secure than traditional magnetic stripe cards. Unlike a mag stripe, which contains unchanging data, EMV cards generate a unique transaction code when used. This code can never be used again.
Under new guidelines from major U.S. card issuers, merchants who are not EMV compliant are liable for card-present fraud which occurs in their locations with an EMV-capable card. Contact VSI Sales for details on how you can add this valuable capability to your stores.
Through our partnerships with Dejavoo and Revenue Processing Solutions(RPS) we are able to offer a turn-key setup and provide the credit card terminal and payment processor if you do not already have one.
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If you intend to accept debit cards and / or EBT cards and choose not to use the Dejavoo system, VSI will certainly help you with that, too. We will help you obtain the necessary Pin Pad device(s), which are provided through our partnership with RPS. We have tested and fully support the VeriFone PINpad 1000SE. Serial devices such as the 1000SE must be connected to the network by another small device. We currently use the Silex Serial Server to meet that need. You will need at least one per store. We support multiples per store if you would prefer. That's really more a matter of the volume of these transactions versus making your customers wait.
- The transactions are initiated in CHECKPRO via the CA (Cash Advance) command. CHECKPRO prompts the Pin Pad as required, and gets the customer's encrypted PIN (Personal ID Number). CHECKPRO then sends the transaction and PIN to Monetra for validation and collection of funds.
Monetra passes the request to the processing company you have selected, gets a response, and passes that back to CHECKPRO. If the account has funds, and the PIN matches, then the account is debited for the amount, and the transaction is posted in CHECKPRO.
If the processing company does not approve the transaction, CHECKPRO notifies the teller. The exact message content is determined by Monetra and the processing company, but CHECKPRO will prevent the transaction from finalizing. The reason (as provided to CHECKPRO) is displayed to the teller.
- Each night, a settlement process needs to be run to actually transfer the funds into your bank account from the various customer accounts. This process can and should be automated within Monetra. Reports are available from Monetra through a Windows client interface. CHECKPRO has various reports for the CA transaction as well. These can be used to balance the Monetra results, and the money coming into your bank account.