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Frequently Asked Questions

  • Frequently Asked Questions

  • What are the advantages of Electronic Transactions?

    - Reduces Errors: No need to enter transaction amounts at both the cash register and processing terminals.
    - Creates Transaction Database: Stores transaction information in your database for as long as you want. You'll never have to search for lost transaction information.
    - Increases Accountability: It is easy to confirm whether you have received the proper amount of credit for each transaction.
    - Minimizes Fraud: Performs address verification (AVS) and eliminates the chance of shipping to someone using a stolen credit card, saving you from a charge back.
    - Quicker Transactions: Allows you to send multiple transactions as a batch, thus reducing authorization time to as low as three seconds per transaction.
    - Eliminates Equipment: Multiple registers can share a single modem and phone line, thus saving money.
    - Lowers Transaction Costs: Electronic processing is faster and less expensive than paper processing.
    - Faster Billing: It is easy to build and process a batch of transactions as often as needed; this is great for recurring billing.
    - Recurring Billing: Schedule transactions to be processed according to your specific billing requirements.
  • Updated: 10/19/05

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