In October 2015, the merchant liability shift has made the previous methods of credit card transaction obsolete. In order to prevent disruption of services to our customers, Arbelsoft has worked closely with Ignite-Firstdata as well as terminal manufacturers to keep our customers up to date with the latest security measures and merchant processing standards. As before, customers will be able to process recurring billing to their customers as well as being able to accept the new EMV standard credit and debit cards.
Ignite-Firstdata has a global footprint of 6 million merchants, the largest in the payments industry. The company handles 45% of all US credit and debit transactions. In working hand in hand with Ignite-Firstdata, we have procured guaranteed rates which are lower than you’ll find elsewhere, with the rates being adjusted based on monthly volume. Customers can rest assured with the belief that their business interests are taken care, safeguarded by Arbelsoft and Ignite-Firstdata.
- Compact Design
No need for any separate components because the MSR and the computer are one consolidated unit. Credit card slips are issued from the invoice printer, so no extra supplies are needed. All credit card transactions can be handled from each computer terminal. Virtually trouble and maintenance free.
- Eliminates Human Error
Eliminates all typing errors associated with entering dollar amounts into the terminal. The system provides protection against making duplicate charges when applying batch charges for account receivable statements.
Prevents cash from going elsewhere due to the possible intentional mistakes of employees. Credit card encryption adds heightened security for your customers even in the case of database defaults. In order to protect your customers’ private information even further, employees can only view the last 4 digits of all credit card numbers stored within the database.
- Quick & Convenient
Never again do you have to perform the tedious task of entering customer information since all of this can be stored within the computer. Furthermore, batch credit card processing and payment applications greatly expedites the entire process.
- Easy Set-up
Even the earliest versions of Arbelsoft software was released equipped with integrated credit card processing. Since then, we have constantly worked on research and development, and as a result our system has benefitted greatly by the time invested. Arbelsoft will set-up the system, at no additional charge.
- Implement Credit & Debit Card Processing
Implementing all major Credit Cards; Visa, MasterCard, AMEX, Discover & Debit Card processing services by Ignite-Arbelsoft lowers your merchant processing costs. U.S Debit cards have been fully interfaced as well as being interfaced with Canadian Debit Cards shortly.
- EMV Integration
Starting in October of 2015, EMV chip technology has become the global standard for credit card and debit card payments. Named after its original developers (Europay, MasterCard® and Visa®), this technology features payment instruments (cards, mobile phones, etc.) with embedded microprocessor chips that store and protect cardholder data. This standard has many names worldwide and may also be referred to as: “chip and PIN” or “chip and signature.” EMV (also referred to as chip-and-PIN, chip-and-signature, chip-and-choice, or generally as chip technology) is the most recent advancement in a global initiative to combat fraud and protect sensitive payment data in the card-present environment. Payment data is more secure on a chip-enabled payment card than on a magnetic stripe (magstripe) card, as the former supports dynamic authentication, while the latter does not (the data is static). Consequently, data from a traditional magstripe card can be easily copied (skimmed) with a simple and inexpensive card reading device – enabling criminals to reproduce counterfeit cards for use in both the retail and the CNP environment. Chip (EMV) technology is effective in combating counterfeit fraud with its dynamic authentication capabilities (dynamic values existing within the chip itself that, when verified by the point-of-sale device, ensure the authenticity of the card).
In addition to the reduction of fraud and related chargebacks, there are other cost savings associated with EMV acceptance. The payment brands are doing their part to ensure that chip-bearing customers can pay at chip-enabled businesses. For example, Visa, MasterCard, Discover and American Express have all issued upcoming rules and guidelines for processors and merchants to support EMV chip technology. The Payment Brands have introduced programs that waive a merchant’s annual PCI-DSS audit if 75 percent of the respective payment brand specific transactions are processed through a dual contact and contactless EMV certified device.
Another Payment Brand ruling is the impending chip liability shift. Once this goes into effect, merchants who have not made the investment in chip-enabled technology may be held financially liable for card-present counterfeit and potentially lost and stolen fraud that could have been prevented with the use of a chip-enabled POS system.
Customers can rest assured that Arbelsoft is committed in keeping all of our clients up to date with current and future certifications and requirements.
Arbelsoft is teaming up with Ignite Payments on the First Data Network, bringing our platform to the next level.
First Data boasts over 40% market share out of the top ten prime credit card processors in the US including Bank of America, Chase Paymentech, and Global Payments. In our partnership we cut out third tier processors and middleman to best improve your experience. Their exclusive network has top notch security and reliability, extending to 34 different countries.
Apply Today to get uncompromising reliability and quality, with easy Credit Card Processing for all Arbelsoft products
Online Credit Card Processing Application