What products and services does PPS offer?

We provide comprehensive electronic that meet virtually any business need, no matter what payment type you wish to accept or in which business environment you operate (e-commerce, lodging, restaurant, retail, direct response or petroleum). Our global processing network and breadth of processing services are the most comprehensive in the industry. Providing dependable customer service is always our first priority. This means developing products and services that you tell us will help you – conquer new markets, provide faster customer service and give more options to your customer. From our powerful internet payment gateway to our flexible POS terminal options, our goal is to help you grow your business. When it comes to choosing a partner to power your payments, PPS will deliver. Our broad range of solutions includes: Turn-key Internet payment access and virtual terminal tools. Full- service stored value card program, including gift cards and electronic gift certificates Comprehensive fraud detection service Web-based reporting and data management Recurring payment programs Processing of a wide variety of payment types including international currencies and electronic checks Experienced chargeback management to keep your losses to a minimum Customer service and account management 24-hour technical support, terminal deployment, training, replacement and repair Experienced chargeback management to keep your losses to a minimum 24-hour technical support, terminal deployment, training, replacement and repair At PPS, we operate our business with the shared belief that the better the service we provide you, the better the service you'll be able to provide your customers. Our service philosophy not only shapes our customer relationships, but it also guides our product and service development. Using our state-of-the-art technology, our electronic payment solutions and credit card processing can help your business grow. We want to work closely with you to ensure we do the best job we can to streamline your operations. PPS is a resource on which you can rely. So whether you need to improve your back-office efficiency or maximize your customer base, we can help. And because we know quality people are at the heart of any successful partnership, we've assembled a great customer service team that's dedicated to helping you achieve your business objectives with your merchant account.

What is Electronic Check Processing (ECP)?

ECP is a transaction via ACH (Automated Clearing House) or facsimile draft sent by a merchant to directly debit or credit a customer’s checking or savings account. ECP processing is often used for recurring payments, such as monthly membership fees and are available in the United States and Canada.

What is Electronic Benefits Transfer (EBT)?

EBT is the automation of cash or cash-like benefits through electronic authorization, data capture and settlement processes. This is accomplished with the use of plastic magnetic-striped cards at the point-of-sale terminal. The end result is the elimination of coupon benefits distribution. The electronic process results in increased security, thereby reducing fraud and benefit misuse. The US Government has mandated that all federal financial support services and entitlements be distributed through direct electronic deposit by the year 2002.

What is a stored value program?

Magnetic Stripe Cards (EGC-Gift Cards) – The merchant gives a consumer an electronic stored value card in exchange for some kind of pre-payment. Typically, the card includes a magnetic stripe, the merchant’s name or logo and an account number. Transaction Processing/Online Administration – The merchant can process stored value transactions from the point of sale. These transactions are delivered to the processor’s authorization system for processing in real-time, which is where account balances are maintained for all cards. Merchant Reporting – You will receive reporting that provides information about the transactions processed during a period of time and the outstanding balances of your customers.

What is a private label card?

A private label card is a credit card issued under the name of a particular merchant organization. Merchants offer it as an incentive for cardholders to spend money at their businesses. Cardholders receive benefits (special discounts, deferred payment schedules, frequency points, etc.) for using the private label card instead of Visa, MasterCard, Discover or American Express. Private label cards carry the insignia of the merchant issuing the card.

What are interchange fees?

Interchange fees are transaction-related costs that the processor pays to the issuer of the card as compensation. These fees are established by MasterCard, Visa and Discover and are based upon how a transaction takes place and in what type of industry. Interchange fee is a term used in the payment card industry to describe a fee that a merchant’s bank (the “acquiring bank”) pays a customer’s bank (the “issuing bank”) when merchants accept cards using card networks such as Visa and MasterCard for purchases. In a credit card transaction, the card-issuing bank in a payment transaction deducts the interchange fee from the amount it pays the acquiring bank that handles a credit or debit card transaction for a merchant. The acquiring bank then pays the merchant the amount of the transaction minus both the interchange fee and an additional, usually smaller fee for the acquiring bank or ISO, which is often referred to as a discount rate, an add-on rate, or pass thru.

FAQs

What products and services does PPS offer?
What is Electronic Check Processing (ECP)?
What is Electronic Benefits Transfer (EBT)?
What is a stored value program?
What is a private label card?
What are interchange fees?

FAQs

FAQs

What products and services does PPS offer?

What is Electronic Check Processing (ECP)?

What is Electronic Benefits Transfer (EBT)?

What is a stored value program?

What is a private label card?

What are interchange fees?

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