Credit Card Processing (IC Verify)

Objective

To provide the ability to pre-authorize a customer’s purchase against their credit card at the time of order entry and to bill the customer’s credit card at the time of invoicing while instantly updating related SYSPRO modules.

The Value of Credit Card Interface for SYSPRO

Promotes faster revenue by collecting up-front payments from customers via the convenience of credit cards

• Sales transactions are pre-authorized and charged to the customer’s credit card at the time of sale, thereby reducing the risk of non-payment
• Integration helps reduce data entry errors and simplifies the process of electronic payment acceptance.
• IC VERIFY software allows a network of POS registers or payment processing terminals to share a single modem, helping to reduce the investment required to automate payments
• Support for Address Verification Services (AVS), Retail AVS, CVV2 and CVC2, minimizes fraud due to stolen or fraudulent cards
• Easier to use than outdated proprietary systems or stand-alone authorization terminals

Matching SYSPRO to Your Business

Allows for one time payments or installment-type (recurring billing) sales

• Payments can be made in installments with a variable number of installments and payment dates
• Archive up to nine years of transaction information for financial tracking, reconciliation & marketing demographics
• Freight, miscellaneous charges and tax can be included in the first installment or spread over the number of installments
• Provides automatic prompts for credit card details
• Stores credit card information for multiple cards per customer
• Authorized transactions display authorization codes and verification of installment information
• Explanations are provided on screen if a card is denied, allowing the user to re-enter information or choose another card
• Caters for counter sale orders and standard orders
• Allows for on-line, batch and installment transaction processing
• Transaction information can be updated or changed on the fly
• Unique IC Verify workstation numbers are supplied to each authorized user

Audit Trails and Reporting

• Instantly updates Accounts Receivable payment history files with transactions
• For batch processing, a report displays payments that were authorized, those that were denied, and the reason for denial
• An installment sales report shows the original sale amount and payment mode

Payment Types Supported

• Credit cards: Visa, MasterCard, American Express, Discover Card, Diners Club, and JCB
• Visa Commercial cards and purchasing cards
• MasterCard business cards, corporate purchasing cards and corporate fleet cards
• Debit/ATM cards (PIN and non-PIN based); Note: Varies by processor
• Fleet cards (for petroleum applications)
• Check authorization
• Check guarantee