Heartland Payment Systems (a subsidiary of Heartland Bank, a familiar name to many readers who enjoyed Heartland Card Services CEO, Bob Carr's "Knowledge is Power" series), has teamed up with CyberSource Corp., to provide Web merchants with a one-stop credit card solution which combines the account setup combined with secure real-time processing.
HPS provides Merchant Provisioning System (MPS), the merchant account application system which lets merchants apply online in a six-step process. When combined with CyberSource's eCommerce Transaction Services, merchants can accept VISA and MasterCard payments in as little as 48 hours. John Waldron, vice president of Internet marketing and sales for HPS said, "The combination of CyberSource services and HPS' 48-hour online merchant account application process provides Web merchants with a significant time-to-market advantage."
You may be thinking, "I've read quite a few articles in The Green Sheet, and elsewhere, about companies who process virtual payments," and you're correct. But, if your merchants need additional eCommerce functions, such as fraud screening or delivery address verification, the CyberSource/HPS solution may be right for them.
But it's not only merchants who benefit from "going live" in a matter of hours; ISPs can also benefit through Heartland's Value Added Reseller Program which allows VARs to earn a signing bonus and ongoing residual payment for any merchant that joins the HPS/ CyberSource merchant program.
As many GS readers know, Heartland Payment Services is a full-service merchant card processor for credit, debit, ATM, and check cards. The company also offers reconciliation, compensation, ACHing of merchant funds, draft retrieval processing, and chargeback processing.
