| Volume 8, Issue 1 - Page 2 | Payment Processing News from Shift4 Corporation | November 2005 |
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The Token spans the lifetime of the transaction, even into history, so it provides all the same support for tips, tabs and incremental authorizations. Basically, the Token is stored on the POS system and when an incremental authorization is required on the card the Token is sent to Shift4. The Token represents a specific credit card transaction and card data that is stored in Shift4's data center. When the Token is sent through, Shift4 translates that Token into the card data and sends it to the processor. The processor sends back the authorization code; Shift4 turns it back into a Token and sends that along with the approval code to the merchants. The authorization goes through and again no credit card data is stored on the system. That means that the merchant doesn't need the card number or data past the initial request, so there is absolutely no reason to store this potentially dangerous information. The entire liability to protect the card data is now on the gateway, where it should be. Best yet, adding Tokenization is a truly small change with big results. It requires the POS system to add an addendum requesting the Token and to store the Token in the now empty card number field, which is already setup to receive this type of data. Also, because the Token includes the last four digits of the credit card number, all of the POS and PMS system reports will still be fully functional. From a merchant's point of view, the implementation is seamless. In fact, it can be implemented even when there are pending sales or open tickets remaining. Best of all, the solution is available today and at no additional cost. To find out more about Tokenization and to see if your POS system has taken advantage of this capability yet, please contact sales@shift4.com . CREDIT CARD 101 American Express CAPN Several of you have contacted us about the letter to see what it is you need to do to comply. The answer is simple, nothing. As a processor for American Express, Shift4 has already engaged American Express regarding the required changes and has a project plan in place. We should have the changes completed no later than 1st Quarter 2006. No change is required on your side. |
NEW FEATURE Stop Those Duplicates
In the above figure, there are two potential duplicate transactions. If you took the time, you could sort through the list and find them. It is also convenient in this case that the transactions have been grouped together, but this isn't always the case. In the menu at the top of the screen, you can go into Tools and select View Options . You should notice a new box in the Other Options section labeled Duplicates Only . If we select this box it will “hide” all transactions that have unique card numbers and only show us instances of a card being used more than one time in this batch.
Now it is easy to identify a potential problem. We can see one instance, the $200.34 transaction, which definitely appears to have been duplicated and needs to be corrected. The other case, however, could represent a consumer making two separate transactions on the same day for different product/services. Just because the card was used more than once doesn't mean it is a duplicate. You will need to know whether these additional charges to that card are valid or not. When you are done reviewing your duplicate transactions you will want to go back to the View Options and turn off this selection so you can see your full batch again and submit it for settlement. Continued |
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Acceptance and Processing Network (CAPN) specifications. Basically, what the letter addresses is that American Express is in the process of altering their authorization and settlement specifications. The letter states that if a system is not compliant with the CAPN specs by October 31 st of 2006 than there will be an out-of-compliance fee of 25 cents added per transaction. 
