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Voyager/Wright Express

Thu, 21 Jan 2010 05:27:25 GMT

Print this page Merchants in the Convenience Store/Gas Station Industry that offer consumers the ability to pay with fleet cards like Voyager and Wright Express have an advantage in expanding their customer base, increasing customer satisfaction, and increasing revenue. The Voyager Fleet Card is the fastest growing universal fuel and maintenance fleet card in the industry with 240,000 regional, national, local and independent locations in all 50 states. Wright Express is accepted at over 90% of the nation's retail fuel locations. Let MCPS customize a solution specifically for your business. Not only can Merchants' Choice provide you with payment solutions, but we also have unmatched service. Although we process merchant accounts nationally, you will have the feeling of localized, customized service to match your business needs. Unlike other payment processors, our customer service department is part of our company, on-site and working 24 hours a day, 7 days a week to ensure...

Glossary

Thu, 07 Jan 2010 17:41:19 GMT

Print This Page A B C D E F&G H I J&K L M N O P Q R S T U V-Z 12B - Retrieval Request 3-D Secure - A protocol for e-commerce which is designed to increase the security of online credit card transactions by adding an extra step requiring a PIN or password for authentication. Another name for the Verified By Visa cardholder authentication protocol. ABA Routing Number - a unique bank identifying number that directs electronic ACH deposits to the proper bank. This number precedes the account number printed at the bottom of the check. Account Number - A unique number assigned by a financial institution to a cardholder account which identifies that issuer and type of financial transaction card. This number is embossed and encoded on the plastic card. ACH – see Automatic Check Handling (also known as Automated Clearing House) Acquirer or aquiring bank: Financial institution which provides the facilities and services for a business to accept credit cards as a means of...

Description and Benefits

Tue, 22 Dec 2009 17:28:48 GMT

Merchants’ Choice Payment Solutions has become a leading provider of merchant payment processing systems because of one thing – a strong commitment to our independent sales offices and their merchant portfolios. We don't just talk about the importance of service; we demonstrate it every day with exceptional products and services.

Our growth had been fueled by our desire to be the single source provider for all of our customers' needs. Everything we do – from product enhancements to customer service – is designed to create value for our sales agents, so you can build a stronger portfolio of profitable merchant business.

MCPS designs programs and offers bundled pricing options to help you make the most of your time, generate revenue and maximize profitability. We work with you every step of the way to develop a successful selling strategy. With our proven programs, you can jump-start your business and begin earning residual income almost immediately.

So, whether you are new to credit card sales or a veteran, you will quickly appreciate all that MCPS can bring to your business. With our unsurpassed knowledge, expertise, integrity, and commitment, we are truly one source, creating value for your success.

Agent Benefits

Compensation with bonus incentives
In-house underwriting, customer service, risk and technical support departments
Technical support 24 hours a day, 365 days a year
High approval rate for merchant applications with 24 hours turnaround, in most cases
One-stop shopping for all the transaction processing needs of any sized merchant in nearly every vertical market
Marketing product and services support
MCPSMUD.com, a dedicated Web site that provides agents the opportunity to manage day-to-day business activities in real time
Online applications and resources

Join Merchants’ Choice Payment Solutions today and be a part of an established company with the professional, dependable service you deserve. We are always looking for qualified ISOs and sales agents to join our team. Sign up now or call 1-800-478-9367 ext 5 for more information!

To Our New Partners from Silverton Bank

Tue, 01 Dec 2009 16:07:39 GMT

We at Merchants’ Choice Payment Solutions welcome you into our family of agent bank and merchant partners. We feel confident that within a short time, you will come to know the breadth of MCPS products and services and the high quality of support for which we are known in the industry. Please take time to review our website and familiarize yourself with us. If you have any questions, please let us know. MCPS is here to help your business to grow and prosper. To assist you during this transition, we have provided the Silverton Bank forms you had been using from the Silverton website. Please continue to utilize these as you had become accustomed. MCPS has been supporting financial institutions by providing payment processing for their merchant customers for 20 years. Our team is ready for you and your business. We know that there may be some uncertainty related to how this transition might affect your business. To that end, we have provided some responses below to...

Financial Institutions

Mon, 23 Nov 2009 03:55:57 GMT

Merchants' Choice Payment Solutions has 20 years of experience serving financial institutions. Along with superior service and proven products, MCPS will provide reliable and secure payment solutions to your bank clients. Banks typically do not have the resources to manage all the variables involved with merchant processing such as interchange, PCI Compliance, and chargebacks. Let MCPS provide the service and management to your bank clients so you can focus on primary commercial products. Refer merchants to MCPS and earn a monthly residual stream on the revenue generated from transactions. Referral Program Benefits Revenue sharing programs Multiple authorization networks and platforms Check Verification, Guarantee, and Conversion Gift & Loyalty Card Programs In-house customer & financial institution support On-line Reporting Access for referral tracking and merchant activity Seamless conversion strategy and support Fraud monitoring, chargeback processing, and exception item...

News and Events

Mon, 09 Nov 2009 18:21:20 GMT

November 9, 2009 - Merchants' Choice Payment Solutions Acquires Silverton Bank Portfolio of Agent Banks August 3, 2009 - Merchants' Choice Announces Corporate Rebranding Initiative June 30, 2009 - Merchants' Choice Markets Hypercom Optimum to 41,000+ Retailers March 25, 2009 - Stan Paur Named to Head Merchants' Choice MERCHANTS' CHOICE PAYMENT SOLUTIONS ACQUIRES SILVERTON BANK PORTFOLIO OF AGENT BANKS The Woodlands, Texas - November 9, 2009 - Merchants' Choice Payment Solutions (MCPS), announced the acquisition of the portfolio of agent bank relationships from Silverton Bank in Atlanta, Georgia. We are excited to have the opportunity to serve Silverton's agent banks and their merchant customers, said Stan Paur, president and CEO of Merchants’ Choice Payment Solutions. We will be working with the Silverton staff to insure an efficient and seamless transition over the next few months. I believe the financial institutions and their...

Job Postings

Sun, 08 Nov 2009 16:55:58 GMT

Thank you for looking into job opportunities with Merchants’ Choice Payment Solutions. At this time, we do not have any open positions available. However, we keep a catalog of applicant resumes which we review should a career opportunity become available. Contact us to send your resume formatted in Microsoft Word or pdf format.

Agent Bank

Thu, 05 Nov 2009 03:04:55 GMT

Print this page Sometimes banks do not have the time or resources to enter into merchant account services. Merchants' Choice Payment Solutions (MCPS) has an agent bank program designed to allow your bank to offer merchant services to your commercial customers while we manage the program behind the scenes. Now your bank can retain the business banking relationship while MCPS manages the merchant payment processing account. Benefits of the Agent Bank Program Only one (1) competitive discount buy rate, instead of multiple schedules based on transaction size, volumes, type of business, and card type; Guaranteed profit margin - but flexibility to accommodate important commercial customers at lesser rates; Agent Bank bears no acquiring liabilities; Comprehensive package of merchant services - including credit card processing, T&E card processing, debit card processing, competitive equipment leases and sales, check verification, check guarantee, and check conversion; ...

My MCPS

Wed, 16 Sep 2009 16:10:48 GMT

Merchants' Choice Payment Solutions provides Internet access to accounts for both our merchants (eMerchantSupport) and our sales force (MCPSMUD.com). See below for descriptions and links to both services. As a valuable merchant or sales office, you may also be interested in MCPS branded merchandise for you or your staff. Our MCPS Company Store is a great place to find unique products. eMerchantSupport Online account access for merchants For easy access, click on any of the Current Merchant Login buttons within our website. eMerchantSupport is complete access online to your merchant account reports. Often wherever you can connect to the Internet is where you do business. MCPS makes managing the payment processing side of your business easy by providing a secure, fast and convenient way to access your processing data anytime. There is no extra software to purchase or download. You can view your single location or multiple locations at a glance. Accessible data is at your...

Payment Card Industry (PCI) Data Security Standards

Mon, 03 Aug 2009 21:46:08 GMT

The Card Associations (Visa, MasterCard, Discover, American Express, and JCB) created a single standard, the Payment Card Industry Data Security Standard (PCI DSS) in order to safeguard customer information. All merchants accepting credit/debit cards are required to comply with the PCI DSS. PCI DSS is a multi-faceted security standard that includes minimum standards for security management, policies, procedures, network architecture, software design and other critical protective measures related to storing, processing and transmitting cardholder data. This comprehensive standard is intended to help merchants and service providers proactively protect customer account data. There are 12 basic requirements of PCI DSS which are listed below. Details of PCI-DSS are available at www.pcisecuritystandards.org. Build and Maintain a Secure Network Requirement 1:Install and maintain a firewall configuration to protect cardholder data Requirement 2: Do not use vendor-supplied defaults...

MCPS PCI Protection Plan

Mon, 03 Aug 2009 20:58:19 GMT

Get started NOW with the PCI Protection Plan (site login is your MerchantID, password is your 5 digit zipcode plus two letter state code-lowercase letters) Merchants’ Choice Payment Solutions is pleased to announce the MCPS PCI Protection Plan to assist your business in complying with payment card industry security standards and afford you indemnity protection up to $50,000 against claims resulting from breaches in data security. The PCI-DSS, Payment Card Industry-Data Security Standard (PCI or PCI DSS), is a collaboration of Visa, MasterCard, JCB, Discover, and American Express. The PCI data security standard is a complete set of guidelines intended to strengthen payment card acceptance systems against fraud. With the inventions of modern conveniences such as the Internet, cell phones, and Voice over IP (VoIP), personal data has become even harder to encrypt and protect. Payments processed, regardless of method, may not be in compliance with the PCI DSS. MCPS is concerned...

Age Verification

Mon, 03 Aug 2009 05:45:26 GMT

Print this page If you offer alcoholic beverages or tobacco products, you need Age Verification Services. Merchants that offer these products have the constant problem of trying to validate a consumer's age to ensure legal compliance for their business. The Merchants' Choice Age Verification Service does just this. Our service protects your business by electronically scanning identification cards and driver's licenses to ensure customers are legally allowed to purchase the age-restricted products your business sells. Protect your liquor license by validating customer ages, avoiding costly fines and suspensions and reducing the expense of costly employee training and re-training. Use MCPS Age Verification Services. Merchants' Choice Payment Solutions offers Age Verification to all types of industries and we can customize a solution for you. Restaurant Supermarket Convenience Store/Gas Station When you need additional products and services, see below: ...

Recommended Terminals

Mon, 03 Aug 2009 05:36:25 GMT

Print this page At Merchants' Choice Payment Solutions, we empathize with you on the sometimes daunting task of selecting a business-appropriate, budget-friendly, regulation-compliant, and long-lasting terminal. We have recommended a set of terminals below, which is by no means an exhaustion of our availability. Notice we recommend industry usage for each terminal. Click on the terminal name to see a quick reference user guide on the selected payment solution. Please call our technical support center at 1-800-327-0093 to get more assistance or to inquire about a terminal not listed here. Name Photo Recommended Industry Use Omni 3750 Retail, Supermarket, Restaurant, Government Hypercom T7Plus Supermarket, Retail, Restaurant Nurit 2085 ...

Scrip

Mon, 03 Aug 2009 05:34:03 GMT

Print this page Scrip is a substitute for money in the form of negotiable coupons that can be used like cash to purchase products or services from merchants who have issued them. Customers use their pin debit cards with the scrip machine and instead of receiving cash, they receive a coupon to use within your store. The machine stands alone on your countertop or on the floor and does not require a cashier - it works like an ATM machine except that it does not issue cash, just coupons. Merchants that offer consumers the ability to pay with multiple payment options, including cash coupons, have the advantage of expanding their customer base, increasing customer satisfaction, and increasing revenue. Benefits of Scrip No maintenance of cash ATM Increase customer traffic Increase average purchase Lower operating costs Earn transaction revenue Streamline customer checkout Eliminate bad checks Improve customer service Merchants' Choice Payment Solutions...

Loyalty/Gift Cards

Mon, 03 Aug 2009 05:33:06 GMT

Print this page Move over gift certificates - loyalty and gift cards are here to stay! Whereas gift certificates often required cash back if consumers did not select a purchase for the whole amount, gift and loyalty cards retain balances, luring consumers back to your store. Once thought to be services only for large merchant or chain stores, gift and loyalty cards are now for your business. Inexpensive to start Customizable Easy to use for you and your customer Online tracking Build brand awareness Build customer loyalty Increase revenue Get cash now for purchases later Can be used to issue refunds instead of cash Researchers and economists have shown that spending with gift/loyalty cards or gift certificates make a consumer feel more comfortable since they are not spending cash money out of their wallet, artificially enabling the customer to spend more at your store. Furthermore, year over year, people increasingly have been purchasing cards...

Pay At the Pump

Mon, 03 Aug 2009 05:31:49 GMT

Print this page When driving up to a gas station, consumers expect the ability to pay-at-the-pump for their fuel or else they may choose another fuel station. Merchants in the Convenience Store/Gas Station Industry that offer consumers the ability to pay-at-the-pump have an advantage in expanding their customer base, increasing customer satisfaction, and increasing revenue. Merchants' Choice Payment Solutions can enable your business to accept all of the major credit cards including Visa, MasterCard, American Express, and Discover, as well as Debit cards, EBT, Voyager, and Wright Express at the pump. Not only can Merchants' Choice provide you with payment solutions, but we also have unmatched service. Although we process merchant accounts nationally, you will have the feeling of localized, customized service to match your business needs. Unlike other payment processors, our customer service department is part of our company, on-site and working 24 hours a day, 7 days a week...

Check Conversion

Mon, 03 Aug 2009 05:28:59 GMT

Print this page Although payment by credit and debit cards has surpassed check and cash payments, checks are still a prominent form of payment for many consumers in the United States. Paper checks have traditionally taken longer to process at the point-of-sale but with electronic check conversion, checkout time is significantly reduced. Much like accepting a credit or debit card, check conversion allows your business to convert a paper check to an electronic transaction. In this way, funds are moved from the customer's bank account to your business account. Check writers will continue to benefit from the float of a paper check, since the electronic item is processed through the banking cycle in the same amount of time as a traditional paper check. The process is quick and easy for you and your customers, and combined with check guarantee, risk and paperwork are significantly reduced. Note: The check is converted to an electronic transaction, but without the combined safety of...

Check Guarantee

Mon, 03 Aug 2009 05:27:36 GMT

Print this page Merchants that offer consumers the ability to pay by multiple payment sources, included traditional checks, have an advantage in expanding their customer base, increasing customer satisfaction, and increasing revenue. Check Guarantee is a process that allows you to accept checks from your consumer while protecting yourself against fraud. Once you accept a check for payment, the cashier enters the check's information into your credit card terminal. The credit card terminal checks your customer's information to ensure that it does not match any information in a database of known bad check writers, locally and nationally. Within seconds, your sale is complete and your business is safe. Database files of unpaid checks are updated continuously. However, if a check is authorized by our service but does not clear, we quickly purchase it for the full amount, up to the check limit, so you can increase sales without increasing your risks. The reimbursement process is simple...

Electronic Benefits Transfer (EBT)

Mon, 03 Aug 2009 05:26:28 GMT

Print this page EBT is the delivery of government benefit funds via electronic means. Programs and their monthly disbursements such as Food Stamps, WIC (Women, Infants and Children), Social Security, and TANF (Temporary Assistance for Needy Families) are now issued on an EBT card which can be used like a prepaid debit card and processed over the same equipment. Merchants that offer consumers the ability to pay with EBT can expand their customer base, increase customer satisfaction, and increase revenue. There are no longer coupons or paper certificates to bundle and return to the state. Accepting these payments has never been easier. A merchant must be authorized by their state through the USDA to process EBT transactions. After being approved for processing, you will receive a Food and Nutrition Service Program Number (FNS). Merchants must have this FNS number before being setup for EBT processing with MCCS. Contact us if you need assistance and/or guidance in setting up your...

JCB

Mon, 03 Aug 2009 05:25:40 GMT

Print this page The initials JCB stand for Japanese Credit Bureau. What JCB means to you as a merchant is that it is a credit card and the most popular form of payment for Japanese consumers here in the U.S. and around the world. More than 57 million card members worldwide hold JCB cards, which are accepted at over 13 million associated merchants in 190 countries/territories. Merchants' Choice offers JCB card processing to all types of industries and we can customize a solution for you. Retail Restaurant Government Supermarket Convenience Store/Gas Station Mail Order/Telephone Order eCommerce Wireless Not only can Merchants' Choice provide you with payment solutions, but we also have unmatched service. Although we process merchant accounts nationally, you will have the feeling of localized, customized service to match your business needs. Unlike other payment processors, our customer service department is part of our...