1. Switchover from Teledeposit to VIRTUAL TERMINAL Moneris Solutions
February 20th & 22nd, 2007
9/19/2018

2. Agenda Introductions Why the switch from Teledeposit?
When are we switching?
What is Virtual Terminal?
What is the cost?
Moneris Virtual Terminal Demonstration
Security
Internal processing – FAS
Payment Card Industry Security Standards
Summary
Key Contacts
9/19/2018

3. Why are we switching?
Consolidated all payment processing within the university
RFP process – Vendor of choice - Moneris
Lower discount rates & transaction fees
New technology
Teledeposit (Global Payments product) is ‘old’ technology
Duplication of work at McMaster eliminated
6909 clearing
Reporting – on-line reports/summaries
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4. When are we switching? March 1st, 2007!
Must ensure that all Teledeposit transactions are processed by February 28th
If possible a few days earlier to make the transition smoother
We will obtain your Virtual terminal access codes from Moneris and forward to you
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5. What is Virtual Terminal?
Module of Moneris ‘eSELECTplus’ product
Uses a PC and a web browser to process credit card payments
Internet access required (all responded ‘yes’)
Virtual terminal allows you to accept credit cards over the phone, by fax, or through the mail and obtain authorizations in real time over the Internet using a web browser
no software to install or configure
Transactions are processed securely
Help reduce the risk of accepting fraudulent transactions with fraud tools.
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6. What is the Cost? Small volume users Large volume users
Less than 10 transactions per week
$6/month for access (McMaster charge)
Transaction fees (Moneris charge)
Discount fees (Moneris charge)
Large volume users
Required to have their own merchant number
Regular Monthly Merchant Fees
Temporary users (i.e. 1-4months)
one-time access charge - TBD (McMaster charge)
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7. What is the Cost? (cont.) Discount fees
Visa fee – 5% lower per transaction
MasterCard fee – 19% lower per transaction
Contract with Moneris states fees are confidential, please respect this
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8. MONERIS Virtual Terminal Demonstration
Patrick Diab – Moneris Solutions
9/19/2018

9. Virtual Terminal Manual
manual for the Virtual Terminal on-line:
9/19/2018

10. Security Card Validation Digit (CVD)
CVD is a 3-4 digit code on the back of the credit card
Helps ensure that the customer making a purchase is actually in possession of their credit card
**Can’t be recorded!!** (i.e. on a faxed in form)
Really for phone orders only
Address Verification Service (AVS)
Allows card-not-present merchants to check cardholder’s billing address with the card issuer.
Benefits:
Reduce Fraud
Less chance of chargeback's
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11. Internal Processing-FAS
Every merchant with an access code will be asked to fill in an application form
Choose one account number and subcode for your sales and charges to be posted to
For each business day (9-5pm)the cashiers will print off a report from Moneris’ reporting tool (Merchant Direct) and post the sales to your account for that business day in on-line cashiering
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12. Internal Processing-FAS (cont.)
Transaction fees and discount fees will be posted to your account monthly
Print out sales report for each day for your own records
Don’t need to send to cashiers
If further breakdown needed – journal entries
Please balance your 6909 to 0 before March 1st
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13. Payment Card Industry Security Standards
Standards developed by the credit card companies (Visa, M/C) to protect cardholders
McMaster is required to be compliant by 2010
Standard cover policies, business processes, systems, etc.
Internal and External AUDITS will be necessary
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14. PCI Standards (cont.) GENERAL CATEGORIES FOR COMPLIANCE
Build and maintain a secure network
Protect Cardholder data
Maintain a Vulnerability Program
Implement Strong Access Control measures
Regularly monitor and test networks
Maintain a Policy that addresses information security
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15. PCI Standards (cont.)
DO’S & DON’TS – specific to Virtual Terminal users
**Do NOT obtain credit card information via **
Do NOT store credit card information (i.e. on faxed in forms)
Destroy or ‘mark-out’ as soon as transaction confirmed/processed
Do NOT share access code with anyone
Within a department OR with other departments
Do NOT manage batch/repetitive payments
Ability to do in Moneris system
Fax machine MUST be a secure fax
Not in a public office
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16. More info re: Security Links to information security policies:
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17. Summary Teledeposit ‘out of service’ as of February 28th
New system available March 1st
We will be contacting you with your access numbers for Virtual Terminal shortly
Recording of sales and charges done for you automatically - No need for journal entries unless you want to separate your sales
Be mindful of PCI security requirements
Balance your 6909 to 0 before March 1st
9/19/2018

18. Key Contacts Technical problems
Moneris help desk –
Re: transactions posted to your FAS account
Erica DiCenzo – x24663
PCI standards/Security
Richard Oketch – x20842
Balancing 6909
Lolita Reyllo-Zarzuela x27568
All other concerns
Stacey Maxwell – x23654
9/19/2018