eProcessing Network’s ePNMobile for Tablet iOS and Android Application is being integrated with Powa Technologies’ PowaPOS T25.
As the United States credit card industry is turning towards EMV enabled cards, merchants will have to upgrade their terminals in order to be able to process retail payments. While most merchants currently still use MSR credit card processing equipment, MagicPay Merchant Services, a South Florida-based company, is now offering EMV equipment for free to its merchants. The offer will make it convenient and priceless for current and new merchants to upgrade to the new EMV chip technology. The merchant services industry is being evolved every day with new technology, regulations, and security measures in order to protect card holders and decrease fraud. While countries like Canada has adopted EMV technology long ago, the United States is still behind and plans officially to launch EMV as a requirement for all merchants (except fuel dispensers) by October, 2015.
eProcessing Network announced its “ePNBillPay” online Bill Pay Solution is fully integrated with ePN Level III enhanced data processing. This allows merchants who want to expand their customer base to include large corporations (B2B) and Government entities (B2G to include Level III information as part of their invoicing and purchase order processes and qualify for some of the lowest interchange rates available. The Level III processing allows detailed transaction data passed through its Web Order Template for Level III processing and track Level III transactions. When a transaction is routed through any of the processing platforms compatible with the ePN Secure Payment Gateway, the system validates the pre-populated fields to determine Level III status.
eProcessing Network independent payment gateway and software development in the ePayment processing partnered Equinox Payments to integrate next-generation payment terminals with ePNRetail software. The eProcessing Network now features the Equinox “L5300” payment terminal that gives the user the ultimate experience with color, touch-screen capabilities, PIN debit, signature capture, and capabilities to move the merchant into the future of contactless payments. Since both the ePN Secure Payment Gateway and the Equinox “L5300” are certified to be in compliance with PCI Security Council standards, retail merchants can be confident that they will be able to transact with the highest levels of security. Other features include a high-resolution, color, touch-screen capabilities that prompt the user for their signature and allow the merchant to display customer purchases, and the large, easy-to-use buttons on the key pads greatly reduces the errors of bad PIN entry.
eProcessing Network payment gateway launched its “ePNMobile Pro” Encrypted Audio Jack Reader processing solution for the latest in smart phone technologies to small and mid-sized merchants. This allows merchants to use their own mobile device to securely process any form of accepted electronic payment from virtually any location. ePN’s mobile device offers MagStripe reading through bi-directional card swiping capabilities, allowing merchants to qualify for swiped rates and lower their costs. This is combined with the enhanced features of the ePN Gateway and easy-to-download Mobile Apps.
eProcessing Network is offering Merchant Level 3 – Enhanced Data Processing through the TSYS Acquiring Solutions Platform. The payment gateway and software development company in ePayment Processing Industry, eProcessing Network (ePN) understands that many businesses are being presented with Corporate and Purchasing cards for payment of purchase orders and invoices. By using Level 3 Card Processing, businesses can accept Business-to-Business (B2B) payments and qualify for the lowest interchange rates available, which can substantially reduce their processing fees and allow them to successfully cater to the needs of corporate customers.
Clear2Pay next generation payment solutions for financial institutions launched its “Unified Domestic Payments Americas” solution for the end to end integration of Wire and ACH payments. Allowing for the processing of both real time and batch transactions throughout the Americas on a single platform, the “Unified Domestic Payments Americas” will provide banks a consistent, reliable and re-useable platform to deliver services to its customers across multiple channels, whether processing single high value funds transfers or batches of thousands of transactions. The initial version of the product will support FedWire, CHIPS, FedACH and EPN in the United States, LVTS and ACSS in Canada and CCA in Chile.
CardSmart Merchant Services and the eProcessing Network have teamed to introduce the “ePN Mobile,” allowing merchants on the go to process credit cards from their iPhone, iPad, iPod, Blackberry, Android, or other Java enabled phones. Credit cards can be manually entered or can be swiped using an attached or wireless Bluetooth card reader. With touch-screen enabled phones, signature capture is available in which signatures are sent and stored on the gateway with the receipt. All mobile credit card transactions are secured and stored on line. The software comes with access to the ePN Merchant Support Center that gives access to all transaction logs, phone configurations, and account settings making it easy to manage the mobile credit card processing account from anywhere. CardSmart Merchant Services is currently offing special pricing on the ePN Mobile software to existing merchants.
Javelin Research has concluded to maintain volume, an ACH network must integrate key technology and infrastructure advances. Same-day ACH, which goes into effect August 2, will be offered by the Federal Reserve through its opt-in “FedACH SameDay.” This, according to Javelin’s “Strategic Guide to Same-Day ACH: Is Half a Solution Better than None?,” concludes for the FedACH service, same-day eligible standard entry class (SEC) codes composed 37% of all ACH transactions in 2009; developments in mobile payments offer a strategic incentive to payments networks such as the ACH; the value proposition of the ACH network can be clearly differentiated from that of other networks; and proactive risk management by the ACH network is required to support a ubiquitous move to same-day ACH.
eProcessing Network has formed a strategic alliance with Opticard Payment Services to offer
ePN resellers Opticard’s gift card and loyalty processing services
to all their merchants. This new partnership has afforded eProcessing Network ultimate
flexibility in designing solutions for retail, mobile and web-based
merchants through their suite of gateway products that includes Online
Terminal, ePNJPOS, ePNMobile and ePNCart-all of which are PCI/PABP
compliant. ePN’s resellers can now offer their merchants an even greater
opportunity to build brand awareness, strengthen relationships with
their customers and encourage repeat visits.
The Board of Directors of NACHA â The Electronic
Payments Association has elected Marcie J. Haitema, currently EVP of
correspondent services at U.S. Central, as the chairperson of NACHA’s
Board of Directors; Steve Ellis, EVP at Wells Fargo as vice chairperson
and Michael A. Bilski, EVP, North American Banking Company as
secretary/treasurer. With 22 years of diverse financial services
experience, Haitema’s credentials
include service on numerous NACHA committees, including the finance and
strategy committees. At U.S. Central, Haitema oversees the
correspondent services division, which includes payment and technology
services, member support and related
operations and manages several key areas, including ACH,
securities safekeeping, automated settlement, international services and
core financial data processing. Ellis is executive vice president and
head of the wholesale services group at Wells Fargo with
responsibility for enterprise payment strategies, health benefit
services, technology services, and treasury management products and
services. Bilski is a founder, director and president of N.A.
Corporation, a bank holding company, and
serves as director and executive vice president of North American
Banking Company, a Minnesota-based community bank.
Accelerating usage of UPICs, used for ACH payments by public
and private sector entities across the U.S. propelled UPIC payments to a
record $4 billion in the third quarter of 2008, up 61% compared to the
same period a year ago. A UPIC looks and acts like a
standard bank account number, and travels through the ACH network with
the Universal Routing and Transit number. The UPIC can be printed on
invoices, provided on matching gift forms and displayed on the Internet.
A UPIC becomes an organization’s permanent electronic payment address.
The portability of the UPIC reduces the effort required in changing
accounts due to bank mergers or changes in banking relationships,
including the cost of communicating new bank account information to
trading partners. UPIC is for credit payments only and lowers the
possibility of unauthorized debits, checks and demand drafts and was
developed by the Electronic Payments Network. A total of 20
institutions are now offering UPICs, which are unique account
identifiers issued by financial institutions to allow organizations to
receive electronic payments without divulging confidential banking