We provide comprehensive choices that meet virtually any business need, no matter what payment type you wish to accept or in which business environment you operate (e-commerce, lodging, restaurant, retail, direct response or petroleum). Our global processing network and breadth of processing services are the most comprehensive in the industry.

Providing dependable customer service is always our first priority. This means developing products and services that you tell us will help you – conquer new markets, provide faster customer service and give more options to your customer. From our powerful internet payment gateway to our flexible POS terminal options, our goal is to help you grow your business. When it comes to choosing a partner to power your payments, Modern Processing Solutions will deliver.

Our broad range of solutions includes:

Turn-key Internet payment access and virtual terminal tools.

Full- service stored value card program, including gift cards and electronic gift certificates

Comprehensive fraud detection service

Web-based reporting and data management

Recurring payment programs

Processing of a wide variety of payment types including international currencies and electronic checks

Experienced chargeback management to keep your losses to a minimum

Customer service and account management

24-hour technical support, terminal deployment, training, replacement and repair

At Modern Processing Solutions we operate our business with the shared belief that the better the service we provide you, the better the service you’ll be able to provide your customers. Our service philosophy not only shapes our customer relationships, but it also guides our product and service development. Using our state-of-the-art technology, our electronic payment solutions and credit card processing can help your business grow. We want to work closely with you to ensure we do the best job we can to streamline your operations. Modern Processing Solutions is a resource on which you can rely. So whether you need to improve your back-office efficiency or maximize your customer base, we can help. And because we know quality people are at the heart of any successful partnership, we’ve assembled a great customer service team that’s dedicated to helping you achieve your business objectives with your merchant account.

ECP is a transaction via ACH (Automated Clearing House) or facsimile draft sent by a merchant to directly debit or credit a customer’s checking or savings account. ECP processing is often used for recurring payments, such as monthly membership fees and are available in the United States and Canada.

EBT is the automation of cash or cash-like benefits through electronic authorization, data capture and settlement processes. This is accomplished with the use of plastic magnetic-striped cards at the point-of-sale terminal. The end result is the elimination of coupon benefits distribution. The electronic process results in increased security, thereby reducing fraud and benefit misuse.

A stored value program allows you to offer your customers a proprietary card pre-loaded with value for future purchases. Although there are many different applications for stored value cards (Gift Card, Merchandise Return, Pre-pay), they all share some common components: Only certain terminals offer this feature.

Magnetic Stripe Cards (EGC-Gift Cards) – The merchant gives a consumer an electronic stored value card in exchange for some kind of pre-payment. Typically, the card includes a magnetic stripe, the merchant’s name or logo and an account number.

Transaction Processing/Online Administration – The merchant can process stored value transactions from the point of sale. These transactions are delivered to the processor’s authorization system for processing in real-time, which is where account balances are maintained for all cards.

Merchant Reporting – You will receive reporting that provides information about the transactions processed during a period of time and the outstanding balances of your customers.

A private label card is a credit card issued under the name of a particular merchant organization. Merchants offer it as an incentive for cardholders to spend money at their businesses. Cardholders receive benefits (special discounts, deferred payment schedules, frequency points, etc.) for using the private label card instead of Visa, MasterCard, Discover or American Express. Private label cards carry the insignia of the merchant issuing the card.

Commercial cards – corporate, business, purchasing – are issued to businesses as an alternative way of financing expenses such as supplies, T&E, etc. (often replacing purchase orders). These cards also provide users with specific reporting advantages. By using a commercial card, cardholders get itemized records of all their purchases, which simplify reimbursement procedures and helps track expenses. This specialized reporting is possible because specific data is captured at the point of sale. MasterCard, Visa and Discover each provide issuers with the ability to issue commercial card products. Merchants will always pay higher rate for commercial cards.

The difference between these two debit choices is whether a PIN (personal identification number) is used at the point of sale. When a PIN is used the transaction becomes “online”; and funds are immediately withdrawn from the cardholder’s available funds. When an offline debit transaction occurs, funds are not withdrawn until the transaction processes – usually 2-4 days after the sale. Debit card transactions are the fastest growing point-of-sale payment method today. The acceptance of this payment method continues to remain popular because customers and merchants both appreciate the convenience and ease of using debit cards to purchase merchandise and services.

Debit cards at the point of sale are an alternative payment method. When goods or services are purchased with an ATM Debit Card, the funds are removed from the customer’s checking account. In addition to the standard ATM cards, many banks also issue the Visa Check Card and/or MasterCard’s Master Money Card – both of which can be used in either an online or offline debit arena.

Interchange fees are transaction-related costs that the processor pays to the issuer of the card as compensation. These fees are established by MasterCard, Visa and Discover and are based upon how a transaction takes place and in what type of industry. Interchange fee is a term used in the payment card industry to describe a fee that a merchant’s bank (the “acquiring bank”) pays a customer’s bank (the “issuing bank”) when merchants accept cards using card networks such as Visa and MasterCard for purchases. In a credit card transaction, the card-issuing bank in a payment transaction deducts the interchange fee from the amount it pays the acquiring bank that handles a credit or debit card transaction for a merchant. The acquiring bank then pays the merchant the amount of the transaction minus both the interchange fee and an additional, usually smaller fee for the acquiring bank or ISO, which is often referred to as a discount rate, an add-on rate, or pass thru.

Check verification is a service that provides merchants with varying degrees of insurance against bad check losses by verifying the authenticity of each check and/or its presenter. Checks are verified through a national database gathered from retailers who upload bad check information. While check verification service is not required, this service does help keep your business losses to a minimum. Check service does not ensure that a cardholders money is available, it simply verifies that the checking account is valid. To first begin accepting check service, you will need to establish an account with Tele-check services, as they offer variety packages that include different check service features. Once you have established an account, Tele-check will provide you a terminal id number (more commonly referred to as a TID), that we upload into your terminal that will allow for your merchant account to accept checks. In addition, there depending on your terminal type, you may need to purchase a check reader to work in conjunction with your terminal or you may opt for an all inclusive terminal that will process both credit card transactions and checks. The only true way to confirm if funds are available is when a card holder uses a debit card for purchase.

We provide various training for our customers. We provide initial telephone training and continuing education for our merchants. You’ll also receive training guides and user manuals to help you become acquainted with products and services. In addition to initial training, we’ll also provide you a contact reference sheet that may be helpful to you during our relationship, and we will update you on industry-related rule and regulatory changes.

Yes, merchants with a legal presence in the US (direct response only) can be accepted for merchant services. However, we do specialize in high-risk accounts and offer off shore merchant services.

If you become a merchant of Modern Processing Solutions we offer several online and offline tools to access information about your merchant account. With these tools you can view, download and import account information such as transaction activity, deposits, funding, chargebacks, retrievals and statement information.

Using Automated Clearing House (ACH), the processor will remit funds due for your MasterCard, Visa, Diners Card/Carte Blanche and JCB, AMEX and discover transactions to your business bank account.

Most merchant terminals support MasterCard, Visa, American Express, Discover, Diners Club/Carte Blanche and JCB cards. Although we can support all credit card types, our processors only have the ability to process settlement (payment to merchants) for MasterCard, Visa, DC/CB, Discover and JCB.

In many cases, you may be able to use the equipment you already own. To find out, we would need to confirm your current terminal equipment type and verify whether it is supported.

Many factors determine the kind of hardware you will need, including: type of merchant account you want to establish (e.g., ecommerce, retail or direct market), the type of industry you’re in, how many transactions you have a day, type of transactions you’ll be processing, how many locations your business has, etc. Once we have all of this information, we will be better able to advise you on the type of equipment you’ll need to be able to process credit cards.

There are several ways to open an account with Modern Processing Solutions. For all merchant accounts you can fill out our application form and a sales representative will work you to get your account approved within 24 Hours. Our trained account executives will listen to your needs and recommend modern solutions to help you surpass your business objectives.

At Modern Processing Solutions, our primary focus is always our customer. When our customers are successful, we’re successful. As a one-stop shop for products and services, we want to surpass your expectations. Modern Processing Solutions offers the best value in the business by combining our responsive customer service with reliable systems, competitive interchange rates, powerful products, comprehensive fraud and chargeback management systems, and flexible data delivery options. No matter what your industry, we have a solution that fits.