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Table of Contents

Lead Story

Operation Choke Point draws fire from Congress, industry

News

Industry Update

Acquisition fuels cross-border e-commerce

Aite report dispels card acceptance myths

Isis mobile wallet moves to rebrand

Features

On the pulse of biometric security

Views

EMV alone is not enough, retailers push for tokenization

Patti Murphy
ProScribes Inc.

The makings of wine, checks, ACH

Brandes Elitch
CrossCheck Inc.

Education

Street SmartsSM:
Is the CPP D.O.A.?

Tom Waters and Ben Abel
Bank Associates Merchant Services

Top five security aspects to require of your portfolio

Chris Taylor
SecurityMetrics

Tune up your tone, MLSs

Jeff Fortney
Clearent LLC

Understanding the POS customer

Sean Berg
Harbortouch

Company Profile

Finical Inc.

New Products

Square deal for ISOs

Square Deal Pro
API Software Inc.

Recurring payments, no problem

ProPay Ensure Bill
ProPay Inc.

Inspiration

Staying focused in a complex business

Departments

Readers Speak

Letter From the Editors

GS Book Notes

Resource Guide

Datebook

Skyscraper Ad

The Green Sheet Online Edition

August 11, 2014  •  Issue 14:08:01

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New Products

Recurring payments, no problem

Product: ProPay Ensure Bill

According to recent cardholder statistics, 30 percent of all cardholder accounts undergo changes to account numbers or expiration dates each year. For merchants who rely on stored customer payment information for recurring billing, auto-shipments or subscriptions as a business model, how they manage critical cardholder data can mean the difference between success and failure.

Without a reliable method to maintain current account information, transaction decline rates and associated costs can quickly add up. ProPay Inc., a wholly owned subsidiary of payment processor Total System Services Inc., developed and launched ProPay EnsureBill to remedy this problem. Through ProPay's payment processing platform, this account updater solution accurately reflects up-to-date customer payment card data for all major card brands, ProPay said.

"EnsureBill can have a significant impact on a company's top and bottom lines," said Ryan Oakes, Vice President of Products at ProPay. "Reducing card declines on monthly billing can lead to improved approval rates and reduce the time and cost associated with manually contacting customers to get updated payment card information."

The added benefit to customers is continuity of service, since missed payments caused by inaccurate information on file are no longer an issue. "By delivering uninterrupted service, companies are likely to maintain revenues and improve customer retention," Oakes noted. When cardholders are contacted to update account information, merchants run the risk of payment switching or service cancellation.

Additional benefits of ProPay EnsureBill include:

EnsureBill account updater is offered as part of ProPay's end-to-end payment security suite. The company, which is focused on offering secure, affordable payment solutions, noted that its current clients include a number of organizations ranging from the small, home-based entrepreneur to multibillion-dollar corporations.

www.propay.com

Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

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Spotlight Innovators:

North American Bancard | Harbortouch | USAePay | IRISCRM.COM | Humboldt Merchant Services