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PCI COMPLIANCE & A/R AUTOMATION 101 Nodus Technologies, Inc.
Fauwaz Hussain x8239
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Agenda Inefficient A/R Process What is PCI Compliance? Improving the A/R Process How Nodus can help (Demo) 1 2 To serve as the standard interface in unifying the world of payments to meet business needs, with a simple and secure solution that provides ever-growing payment options with endless possibilities.
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An Inefficient A/R Process
1 Manual Labor Customer Inconvenience Double Entry Risk of Fraud 2 3 4
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How to Improve my A/R Process
1 Automation Customer Convenience Integration Security 2 3 4
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Cost of Paper Billing* Based on 600 invoices/month
Calculation Total Printing $0.70 X 600 $420.00 Mailing $0.49 X 600 $294.00 Preparing and Sending $3.33 X 600 $ Second Notice $4.52 X 200 $904.00 Third Notice $4.52 X 100 $452.00 Receive & Apply Payment Monthly Cost of Paper Billing $6,066.00 Annual Cost of Paper Billing $72,792.00 *For further explanation, see Nodus’ White Paper on Paper Billing
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Online Bill Pay Users Are:
12.5% 35% 20% More likely to pay their bills on time Less likely to leave Known for purchasing 20% more products than paper bill users. *For further explanation and data source, see Nodus’ white paper on paper billing
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Bridging the gap between customer payments and your accounting system
Integration Bridging the gap between customer payments and your accounting system
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Without Integration Double Entry Risk of Human Error
No real-time reporting Manual Reconciliation
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Security Did you know? When it comes to payments, you as the merchant are responsible for protecting your card holder’s data.
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What is PCI Compliance? Information Security standard for organizations handling cardholder information Created by Visa and MasterCard to reduce fraud Now maintained by the PCI SSC but enforced by Card Brands PCI DSS (Payment Card Industry Data Security Standard) PCI SSC (Payment Card Industry Security Standard Council)
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Cost of a Data Breach The average cost of a breach to a small business is $36,000. Even worse, 31% of customers terminated their relationship with the company after receiving notification of a breach.
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Secure Software
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What is Tokenization? Key Values Results
Stores credit card numbers in an off-site, centralized and secure data vault Reduces merchants IT infrastructure cost and scope of PCI compliance Key Values Point of entry for credit card data no longer belongs to the merchant’s site. Credit card data is no longer stored on merchant’s site. Results Ease on PCI Compliance requirements (typically from SAQ-D to SAQ-C) Ease on self assessment procedure & cost
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Cloud-Based Storage PayFabric: Nodus’ proprietary cloud-based payment processing and storage system Features and Benefits Validated with PCI Data Security Standards Connections to multiple payment gateways and processors Hosted Payment Entry and Wallet Screens Eliminates: Point of Entry Transmission Storage
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Demo
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About Nodus Experienced in Electronic Payments Industry
1+ Billion Dollars Processed 200+ Partners in Microsoft Dynamics Channel 1,400 + Enterprises served 5+ Million Transactions Processed PA-DSS Certified Integrated Payment Solutions 15 years of experience in ePayments and ERP/CRM integration (Founded in 2002)
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Nodus Solutions Credit Card Advantage ePay Advantage
eStore Solution Stack ePayment Processing (GP) Online Bill Pay eCommerce Electronic Payment Processing add-on solution that streamlines and automates business processes, and integrates into Microsoft Dynamics GP Full featured Online Bill Pay solution with Recurring Billing that integrates with Microsoft Dynamics GP in real-time Full featured integrated eCommerce solution that streamlines and automates the entire order entry process CRM Charge PayLink PayFabric ePayment Processing (CRM) One-Click Payment Links Cloud-Based Storage Cloud-based electronic payment solution that integrates with Microsoft Dynamics CRM One-click payment hyperlinks that provide customers convenience for one-off payments PCI-certified cloud-based processing and storage engine
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Nodus Solutions Remove the burden of PCI compliance challenges through secured encryption & innovative tokenization technology Save processing fees with Smart Field Level Handling for Level 2/3 Qualifications Protection against fraud and data breach Supporting both US and international payment gateways & processors
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Nodus Technologies, Inc.
Thank You! Nodus Technologies, Inc. Fauwaz Hussain x8239
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