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NewProducts
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and contain buttons that direct users to secure online payment
forms devised for fast, convenient bill pay.
Processing simplified
for mom-and-pops
Product: PaySimple 2.0
Company: PaySimple
Sometimes small merchants get drowned in the
wake of massive, comprehensive technology
solutions tailored to large enterprises. Said merchants
are not necessarily tech savvy.
More than likely, they don't have Internet technology
departments and millions of dollars budgeted to secure
their networks and facilitate streamlined processing.
It is the job of ISOs and merchant level salespeople (MLSs)
who service small businesses to see that those merchants
are set up with processing capabilities designed to meet
their specific needs.
Denver-based PaySimple has just released PaySimple
2.0, a Software as a Service (SaaS) online platform that is
equipped to deliver efficient, cost-effective processing for
small merchants.
While many small merchants' systems are fractured and
put together piecemeal, PaySimple 2.0 brings all processing
functions under one Web-based platform with the
Payment Processing Center. It can serve as a central hub
for merchants, where all ingoing and outgoing payments
are managed from one source.
Payment collection can be made via automated clearing
house (ACH) or credit card. But merchants can also pay
vendors through the center on a one-time or recurring
basis. Schedules are easily updateable as well, giving
merchants the flexibility to set up invoicing however
they want.
The solution offers modules for invoicing, Web page
development and recurring payments.
The Invoicing Module allows merchants to bill their customers
and vendors by e-mail. Invoices are customizable
The Webforms Module is designed to help merchants
create securely hosted Web pages where online payments
can be accepted.
The module for recurring payment gives merchants the
ability to set up automated billing schedules to automatically
charge customers on a monthly basis or otherwise
predetermined schedule.
The module accepts payments by ACH or credit card
and gives payors secondary payment methods if first
payment attempts fail. The module also automatically
sends customizable e-mails before payments are expected,
when payments are made and after payments have
been received.
In addition, the Upload Center enables merchants to create
multiple recurring payment and disbursement schedules,
multiple invoices and invoice schedules, multiple
one-time transactions, and multiple customer profiles.
Knowing the critical importance of securing cardholder
data security, PaySimple endeavors to simplify what is
for many merchants a complicated process. PaySimple 2.0
is Payment Card Industry (PCI) Data Security Standard
(DSS) compliant. As a function of its SaaS service,
PaySimple stores and secures all transactions and customer
information, relieving merchants of that significant
compliance hurdle.
The solution also functions as a risk management tool
equipped with fraud prevention services such as address
verification and card verification value 2, as well as check
verification for ACH payments. E-mail blocker, Internet
protocol address restriction, duplicate detection and multiple
credit card submission detection are more PaySimple
2.0 tools designed to help prevent fraudulent use of Web
payment forms.
Another way PaySimple 2.0 can mitigate risk is by providing
both account level and user level processing permissions
and limits, which restricts employees' access to only
what is necessary to do their jobs.
PaySimple
800-466-0992
www.paysimple.com