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Credit Cards 101 Payment Processing, Inc. is a registered ISO/MSP of HSBC Bank USA, National Association, Buffalo NY, First National Bank of Omaha, Omaha, NE and a sponsored Independent Sales Organization of JP Morgan Chase.  ©2005 Payment Processing, Inc. All Rights Reserved.
Overview ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Why Accept Credit Cards? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Why Integrate Credit Card Processing? ,[object Object],[object Object],[object Object],[object Object],[object Object]
Today’s Payment World – Complex Telephone PDA Computer Terminal Internet Dial-Up or Frame Relay Satellite Cellular ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Card Presented Card Presented Card Presented Authorized Or Declined Authorized Or Declined Authorized Or Declined Merchant Bank Acquiring Bank Cardholder Bank Issuing Bank Merchant Bank Depository Bank When an authorization is received, funds are settled and deposited into the merchant’s DDA account within 48-72 Hours
Card Payment Process Authorization Process Takes 3-15 Seconds ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Acquiring Bank Issuing Bank Transaction Server Customer Pays by Credit Card Joe’s Auto Service 
Card Settlement Process Wednesday Merchant Post Merchant Account 1 Merchant Account 2 Merchant Account 3 Monday Batch Closed by Processor Processor Tuesday “ Sweep” & FRB Post Cardholder Accounts FRB 1 FRB 2 FRB 3 $ $ $ Wednesday Monday Tuesday Thursday Tuesday Wednesday Wednesday Monday Tuesday Thursday Tuesday Wednesday Friday Wednesday Thursday
Where PPI Fits In ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
How PPI Helps You ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
About PPI ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The Company We Keep
Thank You! http:// www.paypros.com 800-774-6462

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Credit Card 101 - PayPros.com

  • 1. Credit Cards 101 Payment Processing, Inc. is a registered ISO/MSP of HSBC Bank USA, National Association, Buffalo NY, First National Bank of Omaha, Omaha, NE and a sponsored Independent Sales Organization of JP Morgan Chase. ©2005 Payment Processing, Inc. All Rights Reserved.
  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7. Card Settlement Process Wednesday Merchant Post Merchant Account 1 Merchant Account 2 Merchant Account 3 Monday Batch Closed by Processor Processor Tuesday “ Sweep” & FRB Post Cardholder Accounts FRB 1 FRB 2 FRB 3 $ $ $ Wednesday Monday Tuesday Thursday Tuesday Wednesday Wednesday Monday Tuesday Thursday Tuesday Wednesday Friday Wednesday Thursday
  • 8.
  • 9.
  • 10.
  • 12. Thank You! http:// www.paypros.com 800-774-6462