The
business world is changing the way it conducts
business. Where in the past companies and government
agencies worked exclusively with purchase orders
and invoices, today more and more want their vendors
to accept their regular credit cards or their
purchasing (procurement) cards.
Across
the country many of the Fortune 500 and smaller
companies are looking for new ways to eliminate
paperwork and lower the cost of processing small
dollar purchases, from paper clips to computers.
Many of them have found that the answer is providing
their employees and purchasing departments with
MasterCard or Visa purchasing cards. This year
American businesses and government will spend
over $500 billion purchasing small items and services.
They are also developing preferred vendor lists
which consist of those companies setup to accept
their credit cards. Don't allow your business
to lose out on your share of this business.
If
your business sells to the government, whether
federal, state, or local then you probably know
that they want to pay you in a whole new way.
The federal government may have asked you to accept
their "GSA SmartPay" card which was
formerly called the I.M.P.A.C. which stood for
International Merchant Purchase Authorization
Card. Since the end of 1999 it has been mandated
by federal law that all federal agency small purchases
(typically under $2,500 but often under $10,000)
be purchased via the GSA SmartPay rather than
via purchase order. There are currently over 250,000
IMPAC/SmartPay cards issued to government employees,
accounting for over $3.5 billion in purchases
over the past year. Government agencies are choosing
to work with strategic suppliers, both large and
small, who understand the advantages of doing
business electronically. This helps reduce
the cost and time involved in invoice preparation,
government paperwork, and the effort involved
in tracking down late payments. Is your company
prepared to meet this challenge?
Credit
Card Processing Services is ready to assist you
in accepting these cards. We have designed an
excellent cost effective program for Business
to Business and Business to Government merchants.
Most banks and processors consider this business
in a risky category. Instead, CCPS recognizes
that in fact this is good solid business. Therefore
our Business to Business Program is the most attractive
in the industry. It features attractive discount
rates with no transaction fees for 100% keyed
transactions. The discount rate your company will
pay is based upon your estimated average ticket
and sales volume. Please refer to our pricing
page for your pricing.
One
of the requirements of accepting purchasing, procurement,
or the GSA SmartPay card is that your terminal
or software prompt for Level II (and in rare instances
Level III) data. The program which Credit Card
Processing Services will provide you with will
automatically prompt for all of the required data.
What
are the differences between Level I, Level II,
and Level III data?
| Level
I - |
The
standard financial information present on
all credit card transactions including account
number, expiration date, and amount of sale.
|
| Level
II - |
Represents
sales tax paid and allows for the capture
of a unique code to assist the cardholder
to sort, reconcile and report transactions. |
| Level
III - |
Represents
line item information similar to what you
might see on a cash register receipt. This
information helps companies monitor and report
on detail purchase behavior and can help ensure
correct item quantity, unit price, shipping
cost, and other item-specific information. |
In
addition, your program will prompt for Address
Verification (AVS)
data which includes the street address number
(not name of street) and the zip code of the cardholder.
Credit
Card Processing Services, Inc. is a registered
ISO/MSP of Wells Fargo Bank, N.A., Walnut Creek,
CA
|
