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Eclipse
Update Paymentech
has made TeleCheck’s Eclipse payment terminal available to their ISOs. In
issue 00:12:02, we introduced the Eclipse terminal, which includes TeleCheck’s
Electronic Check Acceptance (ECA) that converts paper checks into an electronic
transaction. Paymentech’s Eclipse solution integrates check transactions with
other electronic payments. Paymentech will also support electronic benefits
transfers (EBT) and California truncation requirements (see cover article, issue
01:02:02). In
issue 00:12:02, we pointed out that the Eclipse terminal represents an obstacle
for ISOs to sign merchants once they are committed to TeleCheck. Remember that
when a TeleCheck sale is made, the local bank relationship is lost to BankOne,
the ISO’s terminal sale is lost, and the credit card processor’s sale is
lost, because TeleCheck sales are typically processed through First Data
Resources (FDR). Paymentech is processing through FDR, and is one of the
alliance partners that FDR is using to control the Eclipse terminal. This
confirms the point made in issue 00:12:02, that it will be difficult to sell a
merchant once he has signed with the TeleCheck program. You
may also recall that, in issue 00:12:02, we proposed that ISOs might want to
consider Hypercom, and their ePic Electronic Receipt Capture, as an alternative
to TeleCheck. Well, someone must have been reading The Green Sheet, because
Paymentech fast-tracked the certification of Hypercom’s ePic services (see
“On the Fast Track,” page 18). We also suggested that RDM might be a helpful
ally as well. We’ll see what happens... |
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copyright 2001 · The Green Sheet, Inc. |
