In today's business economy the need for efficient communication between data systems is essential to increase margin. Your payment system should not be an exception. Unlike our competitors, JetPay offers today's industry-standard communications.
The security standards defined by the PCI Security Standards Council and imposed by the card associations are becoming more stringent. Storing card holder data potentially subjects your company to damaging security breaches, liabilities, audits and much more. JetPay can store your card holder data through private 'tokens' which can be used to send recurring payments instead of having to send card holder data. In this way, we can help to reduce the burden of proving PCI compliance, in many cases needing only a basic self-assessment questionnaire to satisfy requirements.
Using a gateway is an unnecessary potential 'point of failure' and an unnecessary layer of expense. Gateways are designed to connect a merchant directly to a front end processor securely over the Internet. As a JetPay customer, you have the opportunity to connect your checkout function directly to JetPay instead of a third party gateway. Doing this, you remove potentials for downtime, time-outs, gateway fees/costs and more. No more need for a gateway...connect directly to JetPay.
Customers usually remember the name of the 'widget' they bought, but if your company name is different than the name of the 'widget' they bought, then they will often dispute the charge. This can be mitigated by being able to reflect a variety of descriptors and phone numbers on customer credit card statements.
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Can we help you customize your payment processing systems, specific data that reflects on your reporting, or anything else that's important to you and your company? In a perfect world, what would you do differently with your processing system or how would you like it to work exactly the way you want it? Simply ask us, and we'll gladly see if we can make that happen. We do it all the time.
Account Updater programs like VAU (Visa Account Updater) and MBU (MasterCard Billing Updater) help recurring billing participants update records automatically instead of having to reach out to the member for expiration date updates, address updates, account number updates, etc. Participation in these programs eliminates the need for communication with the card holder...
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The JetPay Virtual Terminal is the ideal solution for saving money for your
business. Point of sale hardware and dedicated phone lines are obsolete
technology. Virtual Terminal allows you to leverage your existing PC and
Internet connection into a powerful processing machine...
.
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Transaction recycling is an additional feature of the Recurring Payments engine. If your client gets a "decline" at the normal billing period, JetPay will continue to work the transaction based on the internal rules for up to 15 days to receive an approval. This procedure happens without merchant or client intervention. Approvals received by the JetPay Transaction Recycling engine reduce customer service costs and decrease cancelled service requests
Recurring Billing/Batch Processing is used by merchants who need large quantities of transactions processed at once. JetPay Batch Processing delivers a convenient method to authorize transactions and deposit money for many customers securely and efficiently. We will accept all batches via secure FTP upload to our site and return an authorization response file quicker than anyone in the industry.
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Sales organizations in this industry play the 'rate game' by trying to shave a sliver off the overall rates that you have now. The majority of the costs are from Interchange Costs (see below) that are paid to your customer's card issuing bank. We can help get those costs reduced through our technology.
With the advent of a new 'scrambling PIN' technology, JetPay will soon be offering merchants the ability for their customers to pay for goods and services over the Internet using their 4 digit PIN number. This results in significant reduction in interchange fees to the merchants while eliminating almost 80% of customer disputes.
Short term lodging and vacation rental businesses have unique challenges to qualify their transactions at the lowest overall interchange rates with the card associations. JetPay has 'answered' the call of these challenges with some specific custom solutions to meet the data requirements and other significant items needed to address these complex issues.
The 'DR' market faces many challenges and obstacles inherent in this business-to-consumer card-not-present marketplace. Understanding JetPay's reputation and expertise in building customized solutions with our superior front and back end processing platforms, many 'DR' merchants came to JetPay with unique and 'out of the box' requests. In typical JetPay fashion, we have built several unique solutions to meet the needs of the DR industry.
JetPay is the pilot for an incredible new technology that will allow businesses who sell on the Internet to offer their customers the ability to pay directly from their checking account without having to put in any of their confidential account and routing information. And best of all, the funds will be guaranteed as well as zero chargebacks, guaranteed!
While virtually every company in this industry may offer online reporting, the data is typically on a 24-48 hour delay. We offer true real time, online reporting. You can see transactions in real-time, see your monthly statements, see how your transactions are qualifying, run custom reports on your data, and even see exactly when your funds were deposited into your local bank account (along with a trace # on each deposit!). You can view, download or print all of the data at your fingertips.
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