Virtual Point of Sale (VPOS)

Description:

VPOS is an Internet-based, real time credit card payment application that enables merchants to process and manage phone-in transactions quickly and easily. VPOS lets merchants do away with costly hardware-based POS terminals. With VPOS, any operator with an Internet connection can have access to the most powerful, flexible and cost-effective payment application available—with no software to install.

Features:

VPOS is more than just a payment processing application. It is a complete, web-accessible credit card transaction management system. VPOS lets merchants:

• Issue credits (partial, full and “blind”)
• Re-authorize an existing transaction for a new amount
• Re-bill an older transaction for a new amount without the need for the customer’s credit card number
• Delete a transaction
• Make a transaction recurring (using one of nine different schedules)
• Capture a wide variety of customer data that can be downloaded for data mining purposes
• Send customized email receipts to customer and/or merchant
• Apply fraud screening rules to each transaction
• Generate a wide range of standard and custom reports
• Settle funds automatically or manually

Benefits:

VPOS allows merchants to process all major credit cards quickly and easily in real time while their customer is on the phone. This means that merchants can:

• Dramatically improve customer service
• Eliminate customer call-backs due to declined cards
• Reduce payments processing costs
• Reduce incidences of fraud
• Access transactional information to help run their business
• Increase the speed of payment processing

Uses:

VPOS is perfect for call centers or any business that processes payments made by phone, fax or email.