INTEGRATED PAYMENT PROCESSING 101 Alfea Crenshaw · Thursday, October 25, 2018

WHAT IS AN INTEGRATED PAYMENT PROCESSING SOLUTION?

INTEGRATED PAYMENT PROCESSING FACTS Average transaction time: 2 minutes A non-integrated payment processer takes almost triple the time! Secure EMV technology is proven to protect both merchant and consumer 80% of consumers prefer to pay with a credit card Increased accuracy of compliance data The average veterinary practice processes 500 swipes per month

Secure payment processing devices All of our devices are encrypted to ensure secure data communicates with the payment processor’s server. The data goes from the device to the processing server so that none of the encrypted information passes through your software in route to the merchant service provider.

Enhanced security and protection According to Forbes, 60% of small businesses go out of business within six months of a cyber attack. Payment Processing from Henry Schein Veterinary Solutions offer a fully integrated, EMV- compliant payment platform for your credit and debit card processing. Tokenization adds another layer of security. Tokens are used in place of the credit card data and can only be used by those parties who hold the payment card data required to actually process the transaction. The toke is useless, otherwise.

What is emv? EMV stands for Europay, Mastercard, Visa. EMV is the global standard for authenticating credit cards by using an embedded chip. As of December 29, 2016 all merchants are required to be EMV compliant. EMV security benefits: Increased security and reduced risk of fraud Computer chip verifies the transaction and generates authentication token which can only be used once Reduces credit card skimming at the point of sale

Easier reconciliation and accurate reporting Balancing numerous credit card batches from using several different machines can be tedious and time consuming. When you integrate payment processing information with your practice management software, transactions are automatically recorded and combined into one single batch, providing you with better visibility and the capacity to create more up-to-date and accurate reports.

Fewer errors and chargebacks improve profitability Integrating payment processing with your practice management software helps to minimize errors. Eliminating the need for manual processing and data entry means no more calculation mistakes or misplaced invoices.

Automatic payments & accurate forecasting Does your practice offer wellness plans? Allow your clients the convenience and flexibility of automatic monthly, quarterly, or semiannual payments with our Pass System. When you integrate payment processing information with your practice management software, transactions are automatically recorded, providing you with better visibility and the capability to create more up-to-date and accurate reports.

Faster transactions shorten lines and keep clients happy Speed up the checkout process! Automated transactions reduce the number of steps taken during patient checkout, improving the overall client experience. Our Payment Processor Solutions can shorten checkout time by 75% and save you hours of reconciliation time.

Exam room checkout Integrated processing allows you to connect a payment device to any computer anywhere in your practice. Taking payment in private allows clients to comfortably ask questions about fees or discuss financing programs. In-room checkouts also allow clients who have just made a very delicate decision to be in the privacy and calm of your exam room.

Customer support Integrated payment solutions through Henry Schein Veterinary Solutions provide top notch support by the company that you have grown to know and trust. Our in-house friendly support staff are able to provide assistance and answer any questions you might have.

Questions? Many practices have concerns about big box retailers taking away from the purchases in their practice. If a client is there in the practice, they will most likely purchase with you. Have all of the details available at your fingertips. Know exactly what you have to offer them.

E info@henryschein.com P +44 (0) 8804 2222 www.henryschein.com A Unit 14 Kingfisher Court, Newbury, Berkshire RG14 5SJ