IP Pay Account Updater automatically updates “card-on-file” account changes from lost, stolen or reissued cards, to ensure uninterrupted recurring payments.
IP Pay Account Continuator allows for the successfuly processing of expired cards on recurring payment transactions.
IP Pay Account Economizer uses “specialized” market interchange categories to eliminate the "High-Risk Surcharges” levied on traditional e-commerce and card-not-present transactions.
The IP Pay Platform extends the life of recurring payment arrangements by helping secure ongoing, revenue-generating relationships, all while locking in revenue, reducing processing costs, maintaining service continuity and strengthening cardholder satisfaction.
PCI DSS is a multi-faceted security standard that includes requirements for data security, helps organisations that process card payments prevent credit card fraud, hack and various other security vulnerabilities and threats.
Recently, there was a discussion on one of the industry user-group forums regarding the pros and cons of the IP Pay platform.
From: Rick Harnish
Sent: Thursday, July 30, 2009 2:04 PM
Subject: Re: IP Pay
Charles,
Your payment processor should be working hard to get you the best rates possible. This includes ensuring that the data transmitted to the Associations is properly conditioned for optimal Interchange qualification. When Interchange isn’t optimized...
Integrated telecom-industry specific payment processing solution increases merchant convenience, eliminates the middleman payment gateway and optimizes Interchange cost savings
Charles Wu and Layne Sisk say that ISPs can now serve a greater number of small businesses and cut out the credit card middle men.
by Alex Goldman
ISP-Planet Managing Editor
[November 11, 2008]