Payment Solutions for Business

eCommerce

eCommerce, short for electronic commerce, is a web-based payment process that continues to grow dramatically. According to InternetRetailer, eCommerce sales topped $1 trillion for the first time in history in 2012. Internet sales continue to grow, increasing about 14 percent per year from this point and expecting to top out at more than $434.2 billion by 2017.

Additionally, business-to-business (B2B) eCommerce transactions are expected to double that of the business-to-consumer (B2C) segment.
MSP is a leading provider of payment services to eCommerce businesses, often reducing payment fees by 25 to 40 percent.
eCommerece

With MSP, clients experience a detailed understanding and successful delivery of eCommerce payments integrated to their systems. MSP identifies solutions and advises clients on the best overall solution to minimize costs, reduce accounts receivable, avoid fraud and manage chargebacks.

Our comprehensive solutions incorporate:

  • Identifying alternatives so that clients may make informed decisions and choose the best solution for their business needs
  • A range of solutions from “pay here” payment buttons to highly customized, fully integrated solutions
  • Support of credit card, ACH, recurring billing, invoice billing, business initiated and/or customer initiated payment methods
  • Detailed transaction reporting to support reconciliation, daily operations and overall monitoring
  • Fraud management tools and practices to mitigate risk of transactions ranging from simple solutions to comprehensive fraud scoring and monitoring
  • Compliance with PCI DSS requirements
  • Industry-leading support, service, and ongoing account monitoring and reporting to clients

Mobile Processing

Mobile Processing
Mobile payment processing is more than a trend – it is becoming a pillar of the credit card processing marketplace. Having mobile payment solutions available to your business is essential to meeting the growing demands of business and staying relevant in the marketplace.

According to a study by Forrester, it is predicted that in the next 2-to-3 years, 3.5 million mobile payment processing devices, including tablets and smartphones, will be used in the retail industry. These devices will include a wide range of new features, giving consumers more choice and flexibility.
Furthermore, predictions indicate in the next two years, mobile payments will exceed $90 billion per year.

Growing adoption of mobile payments solutions is also occurring in many non-retail industries with a mobile workforce serving individuals or other businesses remote from central office.
MSP monitors and adopts industry tested and proven technologies to make sure our clients have low cost, secure and efficient solutions for their mobile payment processing needs. As mobile processing continues to grow and be adopted by businesses, MSP continues to provide a broad array of mobile solutions to our clients.

Our comprehensive solutions incorporate:

  • Identifying alternatives so that clients may make informed decisions and choose the best solution for their business needs
  • Monitoring of new mobile payment technologies and solutions in a quickly changing market
  • Support of EMV chip cards, near field communications (NFC) and digital wallets such as Apple Pay and Google Pay
  • Support of standalone and integrated solutions including point-of-sale, virtual terminals, smartphones, tablets and websites
  • Support of credit card, ACH, recurring billing, invoice billing, business initiated and/or customer initiated payment methods
  • Low cost and easy to use alternatives

eCheck / ACH

MSP Consulting’s objective is to optimize our clients’ non-cash payments solutions. Many industries are increasing their capture of payments via ACH (Automated Clearing House) and/or eCheck (customer initiated payments direct from their bank account). For example, the Business-to-Business (B2B) industry segment has experienced more than double its ACH acceptance in recent years. ACH and eCheck is a lower cost payment channel vs. credit and debit card acceptance, however, these capabilities are not optimal for every situation.

MSP Consulting considers the advantages of many solutions so our clients can make informed decisions regarding their program.

Our comprehensive solutions incorporate:

eCheck

  • Business initiated ACH transactions
  • Customer initiated eCheck transactions
  • Verification of bank account and experience
  • Recurring billing for ongoing payment plan support
  • Bank account on file
  • Fully secure solution complying with the North American Clearing House Association (NACHA) requirements
  • Alternative transaction submission such as direct to bank file submission or processing through a leading third party operator

Card Present

Card Present
MSP Consulting works extensively with card present transaction processing across healthcare, retail, restaurant and not-for-profit industries, in addition to other industry segments.

There are multiple approaches and technologies that can be leveraged depending on the specific requirements of each business, but MSP Consulting tailors solutions to best meet individual business needs and allow flexibility for future requirements.
Often, there are combinations of solutions needed to create the best solution.

Our comprehensive solutions incorporate:
  • Countertop EMV ready, IP connected and/or dial up terminals
  • Integration to Point-of-Sale (POS) software
  • Virtual terminals supporting card swipe as well as key entry
  • Mobile solutions to support card present transacting for mobile workforce and remote locations
  • Smart device (e.g., iPad, Android Tablet) based transacting
  • Support of inventory tracking
  • Pay-at-the-table capabilities for restaurant environments
  • Fully secure PCI DSS (Payment Card Industry Data Security Standards) compliant solutions
  • Near Field Communications (NFC) based equipment to support solutions like Apple Pay
  • Support of convenience fee or surcharges when necessary
  • Convenient reporting for tracking and reconciliation

Virtual Terminal

Virtual terminal technology has seen wide adoption across all industries, especially by businesses looking enable secure payments transacting.

MSP Consulting works with many leading secure virtual terminals to allow us to tailor the solutions for our client’s specific requirements.
We often profile alternative solutions to balance costs with capabilities needed so our clients can make an informed decision regarding what works best for their business.
Our comprehensive solutions incorporate:
Virtual Terminal

  • Key entry as well as swipe/dipped (EMV) cards
  • Automated data capture to minimize interchange for card not present and business-to-business environments such as Level III / Data Rate 3 data capture for corporate, business and purchasing cards
  • Recurring billing to support ongoing payment plans and automatic periodic charging
  • Card on File solutions to support repeat billing or billing at a later date – stored in hosted secure environment
  • Mobile solutions to support card present transacting for mobile workforce and remote locations
  • Email and print of receipts
  • Multi-location support with central reporting
  • Integration to operating environments
  • Fully secure PCI DSS (Payment Card Industry Data Security Standards) compliant solutions
  • Support of convenience fee or surcharges when appropriate
  • Convenient reporting for tracking and reconciliation

What Our Clients Are Saying

"Since converting to the MSP Advantage solution in November of 2008, we have realized more than double the savings MSP Consulting originally projected. Their ongoing merchant account performance reviews help me keep a handle on our merchant accounts. We trust their advise and insight for our service and support needs. MSP has been a great business partner to work with."

Accountant

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