Page 43 - GS200301
P. 43

NewProducts
                                                    NewProducts




                       Solve, simplify cash discounting


                                          and surcharging





                                                               Fluid Pay also provided the following additional features
                                                               and benefits of the surcharging program:


                                                                  •  Real-time surcharge confirmation and processing:
                                                                     The payment card BIN is validated in real time as the
                                                                     credit card is being entered into the Fluid Pay system
                                                                     to check surcharge eligibility.

                                                                  •  Compliant surcharge  pricing: To comply  with
                                                                     payments industry surcharging guidelines, the
                                                                     surcharge  amount  can  be  a  fixed  amount  or
                                                                     percentage but may not exceed 4 percent.
                 luid Pay LLC, a cloud-based Level 1 PCI-compliant   •  Appropriate disclosures and posted signage: All
                 payment gateway and service provider, launched      surcharging fees are disclosed on all checkout pages
                 two industry-compliant programs designed to
        F help ISOs and merchant level salespeople (MLSs)            and receipts.
        demystify and streamline cash discounting and credit card   •  Tip adjustment support: The Fluid Pay solution
        surcharging. The two programs are part of the company's      accommodates tip adjustments.
        commitment  to  simplify  complex  issues  facing  payments
        industry stakeholders, company representatives stated.    •  POS Hardware compatibility: The Fluid Pay solution
                                                                     is currently compatible with Dejavoo terminals.
        "We are very excited to see the launch of these two offerings
        along with our other 20+ cloud based products," said Jeff   Processor-agnostic, reseller friendly
        Rooney, chief technical officer at Fluid Pay.          Cucci noted that Fluid Pay is 100 percent processor agnostic,
                                                               and that merchants only come to Fluid Pay through the
        Nicholas Cucci, co-founder and chief operating officer at   company's approved channel partners and resellers. The
        Fluid Pay, agreed. "Our partnership with Debit Technologies   secure Level 1 PCI-compliant and cloud-based payment
        (DTI) enables us to offer an exclusive, patented technology   gateway enables merchants to process transactions from
        that can help offset total card payment processing costs,"   a variety of  devices around  the world. It  also provides
        he said.                                               partners with suite of business-centric tools and resources,
        Automated cash discounts                               he added.

        Cucci noted that cash discounting is built into the POS  Fluid Pay works with ISOs, VARs, MSPs, and software
        terminal software, where it automatically calculates precise  application developers,  with 24/7/365 support  to keep
        discounts. Designed to encourage customers to pay by cash  partners connected and processing. The company works
        or gift card, the software applies a small service charge to  with a variety of industries, business types and small to
        standard list product pricing for credit card transactions.  enterprise-scale merchants, he noted.
        These  fixed  amounts  are  waived  for  cash  and  gift  card
        transactions, he stated.
        In-house, compliant surcharging
                                                                          Company: Fluid Pay LLC
        Cucci additionally noted that Fluid Pay has launched an
        in-house, industry-compliant surcharging platform. The            Product: Cash Discount program
        platform is for credit cards only and automatically blocks
        surcharging on debit card transactions and in states that         Website: www.fluidpay.com
        have banned the practice.                                         Contact: sales@fluidpay.com







                                                                                                                43
   38   39   40   41   42   43   44   45   46   47   48