The Green Sheet Online Edition
July 7, 2007 • 07:07:02
Ringing in a smart idea
Payment Data Systems Inc., a registered ISO of MetaBank, has dialed in a new way to process credit card payments remotely. It now has a method for merchants to process credit card sales from remote locations without a terminal, printer or other card terminal device. Instead, merchants just need a browser-enabled SmartPhone.
The company's SmartPhone application, in conjunction with its IPS Express Pay By Phone application, enables merchants to access the Payment Data Systems Payment interface from a SmartPhone powered device.
This means merchants can process credit card transactions while away from a traditional storefront, phone jack or even electric outlet.
Once the sale is authorized and approved, the system provides real-time access to view the completed transaction.
The solution is specifically designed for mobile merchants such as taxi services, home repair services, outdoor concert promoters, flea market vendors and door-to-door salespeople, among others.
Additional features include merchant funding in less than 48 hours, integrated telephone and Web-based transaction reporting, and a Web-based virtual terminal to submit payments via the Internet.
The product is available directly from Payment Data Systems, as well as MLSs. ISOs and MLSs have a buy rate and enjoy the markup they create for the lifetime of each contract. Residuals are paid monthly. On online demonstration is available at www.paymentdata.com/services.htm.
- Payment Data Systems Inc.
210-249-4060
www.paymentdata.com
Whether you want to upgrade your POS offerings, find a payment gateway partner, bone up on fintech regs or PCI requirements, find an upcoming trade show, read about faster payments, or discover the latest innovations in merchant acquiring, The Green Sheet is the resource for you. Since 1983, we've helped empower and connect payments professionals, starting with the merchant level salespeople who bring tailored payment acceptance and digital commerce tools, along with a host of other business services to merchants across the globe. The Green Sheet Inc. is also a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals.
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