The Green Sheet Online Edition
November 12, 2012 • Issue 12:11:01
Virtual POS system for QuickBooks
Internet security intelligence and payment solutions provider NorseCorp recently launched Instant Accept, a new service created to enable merchants, accountants, ISOs and other businesses to integrate payment processing and recording functions with QuickBooks.
"For merchants, Instant Accept serves as a virtual point of sale terminal within QuickBooks, and can replace the physical POS terminal," said Brent Gephart, NorseCorp Vice President of Payments Strategy and Operations. "And merchants will not need to switch from their current payment processor to adopt it."
With QuickBooks integration, the system can effectively synchronize front-office payment processing with back-office accounting functions to deliver a virtual front-office POS sales system, the company said.
"Instant Accept gives merchants a very easy to use interface that takes care of front office and back office paperwork in one stroke," Gephart noted.
According to NorseCorp, the system can process all forms of electronic payment, including automated clearing house (ACH) transactions, which are directly recorded within QuickBooks as they occur.
Working in tandem with existing acquirer gateway and processing platforms, merchants using the service can automate the entire payment process, thereby eliminating the need for manual entries and having to import transaction data into QuickBooks, NorseCorp said.
Instead of having to manually reconcile transactions and accounting entries in QuickBooks, merchants using Instant Accept can create new customer accounts, invoices and sales receipts, as well as record transactions, from a single interface, according to the company.
The product also is designed to integrate with multiple gateways, including NorseCorp's nGate, a platform that allows merchants and businesses to securely process retail and online credit, debit and ACH transactions, as well as payments for niche markets such as medical offices.
"Integrating payment processing with QuickBooks is a major saver of time and resources for businesses," stated NorseCorp Chief Operating Officer Skip Foss.
"We are already receiving a very positive response from payment processors and their merchant customers on the product's ease of use and the amount of time saved with native QuickBooks integration."
NorseCorp is offering three versions of Instant Accept: Desktop, Enterprise and Cloud. In addition to reseller and private-label programs for its various products, NorseCorp is in the process of developing an online reseller channel specifically for processors to facilitate the Instant Accept sales to business and merchant client accounts nationwide.
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