MIT Web Credit Card Processing Lorraine J. Rappaport.

Slides:



Advertisements
Similar presentations
Microsoft Mobile Service Platform Empowering The Agile Service Provider Ronald Chan Business Development Manager Network Service Providers Microsoft Greater.
Advertisements

Continuing Education Registrations Automated!. Presentation Outline History – Where We Were (Michael) Present – Where We Are Now (Dave) Present – What.
1 4 Chapter 4 Electronic Commerce Software Electronic Commerce.
CUONG NGUYEN PRIYA PAKHANAVAR RUSSELL ROBINSON RPC Hotels.
Financial Management F OR A S MALL B USINESS. FINANCIAL MANAGEMENT 2 Welcome 1. Agenda 2. Ground Rules 3. Introductions.
Online Registration University of Belize.
Presented by : Vivian Eberhardt, Supervisor Cash and Credit Operations
BANKING SERVICES What’s available? How to decide what your City Needs Presented by: Carol Donlon Tisha Mar Scott Shannon.
FoodGalaxy.net Presentation Bob Evans Online Ordering.
Principles and Learning Objectives
Chapter 9 Electronic Commerce Software. Electronic Commerce Software Basics Dependent on : –The expected size of the enterprise and its projected traffic.
McGraw-Hill/Irwin Copyright © 2008, The McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin Copyright © 2008 The McGraw-Hill Companies, Inc.
Shopping and ORM Solutions
Chapter 9: Electronic Commerce Software
E-Commerce: The Second Wave Fifth Annual Edition
Electronic Commerce Systems
Chapter 9 e-Commerce Systems.
1 Visa Acceptance and Enablement Bank of America Merchant Services - Supplier Strategy April 2009.
Chapter 9: Electronic Commerce Software
SMALL BUSINESS MANAGEMENT Chapter 9 Small Business and Electronic Commerce.
SMALL BUSINESS MANAGEMENT Chapter 9 Small Business and Electronic Commerce.
Managing Accounts Payable in Microsoft Dynamics® AX 2012
Traditional and Electronic Payment Methods Chapter 3.
17-2 Financial Services and Electronic Banking. Types of financial services Savings services Financial institutions accept money for safekeeping. A broad.
What is E-Commerce? Section 8.1. What is E-commerce? E-commerce is the exchange of goods, services, information, or other businesses through electronic.
Chapter 9: Electronic Commerce Software Electronic Commerce, Sixth Edition.
Micropayments IOM599 - October 30, 2000 Allen Cinzori Dan Salenger Steve Vincent Raymond Yee.
Introduction to E-Commerce
 1 E-commerce companies to individual customers (Business-to- Consumer), and the term is shorthand for B2C, which represents trade between the companies.
Britannia/NET1 Web Seminar 2007 Presented By: NET1 Payment Solutions Presenter: Brian Morabito.
Elliott eOrders.Net Edward M. Kwang, President Rachel R. Locklair, Project Lead.
To B2B or not to B2B Charting a course for buy-side e-commerce in the university environment.
1 An Introduction to Electronic Commerce Electronic commerce: conducting business activities (e.g., distribution, buying, selling, marketing, and servicing.
Chapter 10 Developing a Web-Based Online Shopping Application (I)
E-Commerce Sell Your Stuff Online. What We’ll Be Talking About One of the most important parts of your business is collecting the cash, and Infusionsoft.
Page Up or Down to navigate through the program.
E-commerce Vocabulary Terms. E-commerce Buying and selling of goods, services, or information via World Wide Web, , or other pathways on the Internet.
Introducing Paperless Bill Management and Accounts Receivable Processing.
Traditional and Electronic Payment Methods Chapter 3.
1 Capability Set - Detail. 2 Common Online Problems Desire to generate additional revenue –Must allow for guest deposits to student accounts –Need way.
RemoteNet Presented By The Systems House, Inc.. Enhancements Order by multiple selling units of measureOrder by multiple selling units of measure Web.
7/19: Internet & eCommerce How companies use the Internet –Collaboration (internal & external) –Communication (internal & external): , etc. –Gather.
(c) 2005 Donald R. Frey & Company Inc. InternetInquiryandPaymentProcessingModule Presented By: Matt Frey.
Patient Portal Friday, September 16, 2011 Larry Bradley Director, Patient Financial Services.
Copyrighted material John Tullis 10/21/2015 page 1 04/02/00 Merchant Servers Presentation John Tullis DePaul Instructor
Is Your Business Ready For The Ultimate Business ERP Solution.
Chapter 11 Working with Credit Card Methods of Processing Credit Cards Preparing for Cyber Cash Authoring a Credit card Transaction.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 9-2 Journalizing Cash Payments Using a Cash Payments Journal.
Chapter 10 Electronic Commerce. E-commerce is the buying and selling of products and services electronically over the Internet.
E-Commerce Systems Chapter 8 Copyright © 2010 by the McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin.
Complete Control Over Every Aspect of Hosting with Dedicated Hosting.
PAYMENT GATEWAYS – ESSENTIAL FOR E- COMMERCE STORE!!! While adding ecommerce functionality to your websites, the prime need arise is to having a secure.
A Brief Introduction Radiant Pay, a global provider of payment processing services to all kinds of business, Radiant Pay Services.
Merchant Services for Website Paycron. About Paycon Paycron is purposive in meeting immediate solutions in crafting merchant account services and credit.
E-commerce credit card processing - ensure a smooth business operation.
Entrepreneurship Secure Ordering Presented By Mrs. Bowden.
Business Phone Service
Canada Business Products
Business Phone Service
Business Phone Service
Chapter 7 e-Business Systems.
BizNOW Selling Together
WorldWidePIN Corporation
Business Phone Service
Business Phone Service
Canada Business Products
Chapter 15: Accounting and Enterprise Software
Business Phone Service
Business Phone Service
Ski Clubs and E-Commerce
Presentation transcript:

MIT Web Credit Card Processing Lorraine J. Rappaport

The Business Case Inquiries from internal merchants to Accounting and Information Systems expressing a need for: –Secure online credit card processing –Help to create storefronts Accountings desire to: –Streamline procedures for recording receivables –Reduce the number of cash and check transactions processed by the Cashiers Office

Design Considerations Must allow for multiple distinct storefronts/merchant Ids Server must encrypt data transmission (no plans to store credit card data) Merchants must be able to customize, e.g., to require customer registrations or not Credit card verification and credit card settlement must be separate steps

Design Considerations (cont.) Transaction server must not require that we use a specific web catalog tool. That is, merchants should be able to utilize existing web storefronts if they wish Must be able to integrate with SAP R/3 and potentially merchants databases. Ability to send , fax, etc. notifications desirable

Host vs. Buy? Decision to BUY based on: Desire to control as many aspects of the configuration and operations as possible Expectation that this is a long-term investment Possibility of designing additional services around this, e.g., greater support for one-time event registrations

Host vs. Buy? (cont.) Possible expansion of this solution for other types of purchases, e.g., internal provider transactions, etc. We would prefer not to pay transaction costs or any other costs tied to volume or other growth metric

Proposed Design

(Buy) Vendors Considered Trintech (PayWare Net) Open Market (Transact) SAP (Online Store) Also looked into: Clear Commerce Pandesic

Tentative Recommendation Trintech(pending in-house evaluation), because: Architecture seems more flexible, adaptable Better able to support possible future applications Company seems to have a better understanding of the financial industry Much less expensive Collaboration with SAP

Catalog Development Tool Currently evaluating Intershop May need other options - - Suggestions welcome!

For More Information… Call or me: or Our project web page:

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2025 SlidePlayer.com. Inc. All rights reserved.