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Understand Credit Card Processing & Save Money - FREE Webinar

Posted on Mon, Apr 10 2017 @ 09:34 AM

It's that time again! Novera Payment Solutions is pleased to offer our popular "Understanding Credit Card Processing" webinar. With just a couple weeks left to register, you'll want to reserve your spot today.


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If you answer, "yes" to any of the statements below, this webinar will be an excellent use of your time.

  1. Are you confused by the complicated statements that you receive from your current credit card processor?
  2. Do you need help understanding the difference between "Qualified", "Mid-Qualified", and "Non-Qualified"?
  3. Do you need assistance ensuring that you are meeting PCI compliance requirements?
  4. Are you paying more than you thought you would for your credit card processing fees?
  5. Do you have to wait multiple days after batching transactions to see the payment deposited in your account?

REGISTER TODAY!

Join us in an educational webinar on April 25, 2017 @ 2:00 PM EST designed to help you understand the in's and out's of the credit card processing industry. This FREE webinar will be 45 minutes or less and we guarantee you will learn practical information to help you make better choices when shopping around for credit card processing services.

As an attendee of this webinar you will gain the following:

  • Ability to understand Visa/MC/Disc true underlying cost which in turn will help you negotiate better pricing
  • Knowledge on how to make sure you are getting a truly fair deal for payment processing services
  • Awareness of the latest in technology available in the market place today
  • Tips for keeping processing costs down
  • Best practices for keeping cardholder data secure, including EMV and maintaining PCI compliance.
Register Today!

Tags: accept credit cards, flat fee merchant account, payment processing, merchant account, credit card processing, flat fee credit card processing

5 Little-Known Facts About Credit Card Processing That Therabill Users SHOULD  Know

Posted on Fri, Feb 24 2017 @ 03:36 PM

If your therapy practice accepts credit cards, you may think you already know everything that you need to know. But here are 5 extremely important facts that you may not be aware of. Being armed with this information will save your practice money and improve your bottom line.

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5 Little-Known Facts About Credit Card Processing That Could be Costing Your Practice More Than It Should Be Paying

1.  Credit card processing fees are tax deductible and it's typically a sizable deduction for businesses that accept cards. As tax season approaches, don't forget to take this deduction!

2. Using your local bank does not save you money on credit card processing. Most local banks outsource credit card processing services to third party sales teams who work for larger processors. By using your local bank you are likely paying more than if you went direct to the processor since it's adding another layer to the pot.

3. There is only one part of your credit card processing cost that is negotiable and that is the processor's markup over interchange and assessments. Interchange and assessment are the same for all credit card processors. This is why Novera's fixed flat fee merchant account pricing structure is so attractive to businesses. It saves them money and there are no surprises.

4. Not using AVS (address verification service) can cost you money. Visa, MasterCard and Discover require the customer's billing address be entered for all card-not-present transactions. If you don't provide it, it will result in a downgraded transaction (resulting in higher fees).
 
5. Tiered merchant account pricing costs you more. You know you have a tiered pricing structure when your processor quotes three different rates: qualified, mid-qualified, and non-qualified. They suck you in with a super low "qualified" rate ... but what they fail to tell you is that most of your transactions will actually fall into the non-qualified higher rate. Novera Payment Solutions' fixed flat fee merchant program takes the mystery out tiered pricing by offering a single flat rate to save you money.

Get some straight talk and learn why a merchant account including our “flat fee advantage” can be one of the best business decisions you’ll ever make. This is just one of the many reasons that Therabill has teamed with Novera Payment Solutions for their integrated payment solution.

We are happy to offer a FREE savings analysis to show you how Novera Payment Solutions can save you significant money on your credit card processing fees.

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Request More Information

Tags: accept credit cards, flat fee merchant account, payment processing, merchant account, credit card processing, flat fee credit card processing, online credit card payments

4 Reasons to Integrate Novera Payment Solutions with Your Therabill Software

Posted on Tue, Feb 14 2017 @ 09:09 AM

Therabill and Novera Payment Solutions is dedicated to providing you with the most streamlined system available for processing cards directly within Therabill. Novera has been selected as the preferred provider of integrated payment processing for Therabill for good reason! We understand that not all therapy practices are alike, so Novera’s transparent pricing options are designed to guarantee you receive the most cost-effective processing rates tailored specifically to your practice.

Whether you take advantage of our simplified Flat Rate program or our revolutionary transparent Cost Plus Flat Fee pricing we guarantee that you won’t pay more than you currently pay for credit card processing and in most cases you will even pay less.

With Novera Payment Solutions integrated solution you will:

1. ACCEPT CREDIT CARD PAYMENTS DIRECTLY WITHIN THERABILL

Easily integrate your Novera Payment Solutions merchant & gateway account with your Therabill account. On your end, that means you can quickly post credit card payments directly to patient accounts. Novera's credit card gateway allows you to enter credit card data in one of two ways: keying in the information manually or swiping the card with a USB swiper that attaches directly to your computer. There is also the option of having our system securely store the credit card data on the secure PCI-compliant gateway. Reducing the need for patients to present cards at every visit. 

2. RECEIVE ONLINE PAYMENTS THROUGH THE PATIENT PORTAL

With the Therabill Patient Portal, patients can see their balance owed and pay directly online at their convenience. After your review you can easily post the payment to the patient record with the click of single button.

3. IMPROVE REVENUE CYCLE MANAGEMENT

therabill1.jpgRevenue cycle management is the lifeblood of a successful practice. 

a) With Therabill and Novera, patient billing is a breeze. There are two different statement formats: balance and ledger. Select whichever you prefer and quickly bill your patients. Patients can then pay directly through the patient portal.

b) When your insurance companies send ERAs directly to our system, Therabill will receive and post them to your account. Then, you complete the payment-posting process with little more than a click of your mouse.

4. RECEIVE TRANSPARENT AND COST EFFECTIVE PRICING OPTIONS:

With two pricing plans and our rate match guarantee, you can rest assured the you won't be paying more, and more than likely you'll be paying much less!

Plan 1.) A Cost-Plus Flat Fixed Fee: Tailored to fit your practices specific needs. The Flat Fee ranges from $39.95 - $99.95 per month depending on your average monthly volume and is fixed for the life of your account. (Great for larger volume clinics)

Plan 2.) A simplified Flat Rate: 2.99% + $19.95 per month. (Great for starting clinics or clinics on the grow)

Rate Match Guarantee: If it is determined that your current credit card processing rates and fees are less expensive than the preferred rate plans described above, then Novera will gladly match your existing rates. 

Request a Free Quote Today!

Request More Information

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Tags: flat fee merchant account, phyisical therapist merchant accounts

We Recently Saved a New Client $7000/Year in Credit Card Processing Fees - Seriously, We Did!

Posted on Wed, Oct 12 2016 @ 12:18 PM

We recently saved a new client over $7000/year in credit card processing fees.

Seriously, we did!

The hidden fees she was paying were astronomical ... and unnecessary.

Here's the thing: when you understand the credit card processing fees that you are paying, you become empowered to to save money on them. We can help make sense of the fees and how some companies in our industry take advantage. Now wouldn't that be a valuable use of 45-minute of your time? 

Novera Payment Solutions is pleased to offer our popular (and free) "Understanding Credit Card Processing" webinar. With just a few days left to register, you'll definitely want to reserve your spot today. It's time to stop overpaying for your credit card processing ... money down the drain that could be put to better use for your business.


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If you answer, "yes" to any of the statements below, this webinar is for you!

  1. Are you confused by the complicated statements that you receive from your current credit card processor?
  2. Do you need help understanding the difference between "Qualified", "Mid-Qualified", and "Non-Qualified"?
  3. Do you need assistance ensuring that you are meeting PCI compliance requirements?
  4. Are you paying more than you thought you would for your credit card processing fees?
  5. Do you have to wait multiple days after batching transactions to see the payment deposited in your account?

REGISTER TODAY!

Join us in an educational webinar on

10/18/16 at 2:00 EST

This webinar is designed to help you understand the in's and out's of the credit card processing industry. This FREE webinar will be 45 minutes or less and we guarantee you will learn practical information to help you make better choices when shopping around for credit card processing services.

As an attendee of this webinar you will gain the following:

  • Ability to understand Visa/MC/Disc true underlying cost which in turn will help you negotiate better pricing
  • Knowledge on how to make sure you are getting a truly fair deal for payment processing services
  • Awareness of the latest in technology available in the market place today
  • Tips for keeping processing costs down
  • Best practices for keeping cardholder data secure, including EMV and maintaining PCI compliance.
Register Today!

Tags: accept credit cards, flat fee merchant account, payment processing, merchant account, credit card processing, flat fee credit card processing

Join the Novera and WorldPay ISO & Agent Program

Posted on Wed, May 18 2016 @ 11:04 AM

If you have a sales background or credit card processing background and are ready to start your own business selling credit card processing, look no further than our Novera Payment Solutions ISO & Agent program. We offer robust revenue enhacing programs, support multiple product groups, and offer many ISO/Agent benefits! Through our relationship with Worldpay, we are able offer world-class merchant processing solutions, with unparalled support.

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NoveraAgent & ISO Worldpay Revenue Enhancing Programs

  •  Debit, Credit, Check Service, Gift, Loyalty
  • Interchange Pass Thru Pricing
  • 80% Plus Residual Sharing
  • 3.0 Cent I.P.
  • 5.0 Cent Dial Up
  • Reporting Portal
  • 1.0 Cent High Volume Merchant I.P.
  • 2.0 Cent High Volume Merchant Dial Up
  • Amex OPT Blue Program
  • Upfront Incentive Dollars

Supported Product Groups

  • Over 1600 Certified VAR/Gateway‘s
  • Dedicated ISV Software Vendor Program
  • Integrated POS & Terminal Products
  • Mobile Payments
  • Direct API & Gateway Capabilities
  • QuickBooks® Integration

ISO/Agent Benefits

  • No Liability or Risk
  • 24/7 Merchant Support
  • Dedicated ISO/Agent Relationship Team
  • Web Based Order Entry and Tracking
  • Residual Reporting/CRM Portal
  • Inbound Marketing & Lead Support
  • Online Resource and Training Material

 

Interested in learning more?

Complete the short form below and one of our team members will contact you. We'd love to speak with you about our ISO & Agent program.

Tags: flat fee merchant account, ISO, Agent

PCI Compliance - What You Need to Know About PCI 3.0

Posted on Thu, Jul 30 2015 @ 12:32 PM

With several businesses recently experiencing data breaches, it's more important than ever to protect your business and cardholder data from hackers. What many small businesses don't know is that the steps toward PCI compliance have changed with the Jan 1, 2015 introduction of PCI 3.0. Here's what you need to know!

pci compliance

Why did the standards change?

The PCI Standards are updated based on feedback from the industry and response to current market needs.

Drivers for this change included:

  • Lack of education and awareness
  • Weak passwords, authentication
  • Third-party security challenges
  • Slow self-detection, malware
  • Inconsistency in assessments

The changes in version 3.0 were designed to help organizations take a proactive approach to protect cardholder data that focuses on security, not compliance, and makes PCI DSS a business-as-usual practice.

Education and awareness

Lack of education and awareness around payment security, as well as poor implementation and maintenance of the PCI Standards, lead to many of the high-profile security breaches that have been in the news. Updates to the standards are geared towards helping businesses and organizations better understand the intent of requirements and how to properly implement and maintain controls across their business.

What's New?

  • Best practices for implementing security into business-as-usual activities to maintain ongoing compiance
  • Navigating the PCI DSS guidance was added for easier understanding of each requirement and security goal
  • Req. 8.4 - Password education for users
  • Req. 9.9 - POS security training and education

Increased flexibility

Changes in PCI DSS and PA-DSS 3.0 focus on  the most frequently seen risks that lead to incidents of cardholder data compromise. These include weak passwords and authentication methods, malware, and poor self-detection. Added flexibility on ways to meet the requirements enables business and organizations to take a more customized approach to addressing and mitigating common risks and problem areas.

What's new?

  • Req. 8.2.3 - allows for organizations to implement the password strength appropriate for its security strategy
  • Req. 10.6 - More flexiblity to prioritize log reviews based on the organizations risk management strategy

Security as a shared responsibility

Today’s payment environment is complex, creating multiple points of access to cardholder data. Changes introduced with PCI DSS and PA-DSS focus on helping business and organizations understand their PCI DSS responsibilities when working with different business partners to ensure cardholder data security.

What's new?

  • Guidance on outsouorcing PCI Dss responsibilities
  • Req. 12.9 - PCI DSS responsiblities for service providers

In order to stay competitive in terms of security and compliance, businesses and organizations need to have a structured and continuos approach to solving ongoing security challenges, but it has to be easy enough to implement every day.  This is what PCI 3.0 is all about.

About Novera Payment Solutions

Novera Payment Solutions takes the worry off your plate. Our payment processing systems are PCI compliant and secure.  Our goal is to make payment processing easy and affordable. Our flat fee merchant account pricing saves businesses money, and our next day deposits ensure they have their money fast.

Request a FREE QUOTE

 

Tags: accept credit cards, flat fee merchant account, payment processing, pci compliance, accept online credit cards, credit card processing

If You Accept Credit Cards, You Must Protect Card Holder Data

Posted on Thu, Jul 30 2015 @ 12:29 PM

In October 2015, merchants will be liable for fraud on card-present transactions if the customer presents a chip card and the merchant doesn't have the proper system (EMV) in place to accept it. This means credit card merchants who don't make the switch to EMV technology may have to pay chargeback fees on any fraudulent transacations that occur.

emv transition

While EMV technology is extremely important, there is much business owners can do to protect card holder data and minimize fraud while they don't have EMV technology implemented.

Card Present Transactions

Confirm the last four on the card match the four digits on the terminal

Before completing the transaction, verify that the last four numbers showing on the terminal actually match the last four numbers on the front the credit card. As a consumer, you may have experienced being in a business and making a purchase where the clerk asks for the card after you swipe it. They are doing this to visually confirm the last four digits match. It's a simple, yet effective way to minimize credit card fraud in your business. Once EMV technology is implemented, this process becomes automated. But while your business is still running magnetic stripes, this step is important.

Confirm the customer is the cardholder

This is as simple as matching the signature on the sales receipt (or signature display) to the signature on the back of the card.  If there is not a signature on the back of the card, request to see a drivers license or other form of ID containing a photo and signature.

Card Not Present Transacations

Destroy card holder data in a secure manner

If you take orders over the phone or have to write down/record card holder data for some reason, it's essential that you destroy in a secure manner and in a timely manner after use. A cross cut shredder is advised.  Be aware, according to the PCI Compliance guidelines, you are not supposed to save or store card holder data in a non-secure environment.

Avoid sending or requesting card holder data through non-secure systems

Never request card holder data via email, and never send card holder data via email.  Never setup non-secure online forms to collect card holder data.

Do not setup non-secure online forms to collect card holder data

Online forms on websites that arenot secured with the proper SSL certificates and form encryption technology are dangerous and vulnerable. They are not secure and they are not PCI Compliant. Do not use them.

Do not store electronic card holder data locally

Cardholder data must be stored only on a server dedicated to processing credit card transactions, protected by a dedicated firewall, and subjected to quarterly security scans. You should not store cardholder data on a web server, laptop, tablet, PDA, or on portable media such as a USB drive. All are highly vulnerable to security breaches and they are not PCI Compliant.

Concerned About Card Holder Data Security?

You should be!

Working with a company like Novera Payment Solutions can help ensure you are meeting all PCI compliance requirements and conforming to industry best practices, enuring your business (and your customers' card holder data) is protected. Combined with our innovative flat fee merchant account pricing model, Novera Payment Solutions not only ensures your business payments security, but also saves your business a significant amount of money in credit card processing fees.

Request a FREE QUOTE


Tags: accept credit cards, flat fee merchant account, payment processing, emv fraud liability, credit card processing, emv

Do You Understand Credit Card Processing Fees? FREE WEBINAR

Posted on Wed, Jun 24 2015 @ 10:27 AM

Accepting credit cards for your business is critical in today's marketplace. The challenge is understanding all the fees associated with this necessity. Many credit card processing companies take advantage of business owners' lack of knowledge and overcharge them ... by a lot!

Novera Payment Solutions is pleased to offer our popular "Understanding Credit Card Processing" webinar again. This webinar will take a short 40 minutes of your time, but will arm you with the information you need to ensure you do not overpay for credit card processing.

 

understanding credit card processing

If any of these questions apply to you, this webinar will be an excellent use of your time.

  1. Is your statement from your merchant processing company complicated and confusing?
  2. Do you fully understand the difference between "Qualified", "Mid-Qualified", "Non-Qualified", and how these terms determine what you are charged for each transaction?
  3. Are you PCI compliant?
  4. Are you surprised by the credit card processing fees you incur each month?
  5. Do you have to wait several days to see the payments deposited in your account?

REGISTER TODAY!

Join us in an educational webinar on July 23, 2015 @ 2:00 PM EST designed to help you understand the in's and out's of credit card processing. This FREE webinar will be 45 minutes or less and we guarantee you will take away practical information to help you make smart choices when shopping around for credit card processing services. There's a good chance this webinar will save your business money too!

As an attendee of this webinar you will gain the following:

  • Ability to understand Visa/MC/Disc true underlying cost which in turn will help you negotiate better pricing for your own merchant account
  • Knowledge on how to make sure you are getting a truly fair deal for payment processing services (you'd be surprised the percentage of companies who are being taken advantage of -- make sure yours isn't one of them!)
  • Awareness of the latest in technology available in the market place today, including mobile payments
  • Practical tips that you can implement right now to keep your processing costs down
  • Best practices for keeping your customers' cardholder data secure, including EMV and maintaining PCI compliance.
Register Today!

Tags: flat fee merchant account, merchant account, pci compliance, credit card processing, flat fee credit card processing, emv

The EMV Transition - How It Affects Your Merchant Account : Part 2

Posted on Wed, Mar 11 2015 @ 01:54 PM

What makes EMV transactions secure?

Card authentication, cardholder verification and transaction authorization processes are all enhanced with EMV. Specifically:

Card Authentication: Is the card real? Unique data for each transaction travels between card, the POS device and issuer to ensure authenticity. EMV transactions also create unique transaction data, making captured transaction data incapable of being used to execute additional, new transactions.

Cardholder Verification Method (CVM): This step validates the cardholder as the legitimate owner of the card, using verification parameters set up by the issuer. The issuer of the card determines which of the following four methods will be required for a particular transaction: online PIN, offl ine PIN, signature or no CVM required. EMV supports each of these four verification methods.

Transaction Authorization: Like today’s magnetic stripe transactions, transaction information is sent to the issuer for approval. What’s different is a transaction-specific cryptogram (code) is also sent to the issuer who then either approves or declines the transaction and sends a unique response cryptogram back to the POS device for the card to interpret and validate the transaction. The dynamic exchange of information needed to execute each transaction provides the extra security missing from the static, old technology used in magnetic stripe transactions.

emv transition

How many US credit cards will be EMV-enabled by the end of 2015?

The Aite Group predicts 70% of US credit cards will be EMV-enabled by the end of 2015. It also predicts there will be 4.5 million EMVcapable payment terminals in the US market by the end of 2014, and growing to nearly 7 million terminals by end of 2015. (The Aite Group, LLC, is an organization that provides research and advisory services focused on business, technology, and regulatory issues and their impact on the financial services industry.)

 

What are the key benefits of moving to the EMV standard?

  • Improves transaction security for credit and debit card-present environments
  • Creates common cardholder experience globally
  • Supports multiple methods of cardholder verification (signature, pin, etc.), providing flexibility of payment acceptance without sacrificing security
  • Bundles emerging technologies - POS devices with chip technology are often grouped with NFC (contactless) and mobile; EMV adoption accelerates merchant capabilities to accept payments in new ways

 

When can US businesses expect customers to begin presenting EMV chip cards for payment?

Now. The Smart Card Alliance/EMV Migration Forum in May 2014 estimated chip cards in the US total between 17 and 20 million. It’s important for businesses to develop EMV POS equipment adoption plans now.

 

Should merchants upgrade or buy new POS hardware and PIN pad devices?

Review existing POS equipment or systems to learn if upgrades are possible or whether new EMV-compatible POS hardware must be purchased.

Standalone POS. The only job of stand-alone POS is to authorize and clear payment card transactions and it is the easiest EMV solution to implement.

  • Is your POS device EMV compatible? (Does it have a slot for EMV cards? EMV-compatible terminals have a slot, typically located at the bottom of the terminal, into which the EMV chip card is inserted and read; this slot is different from the side swipe used with magnetic stripe cards.)
  • If POS EMV compatible, will you need to schedule a service call to have EMV software installed or will a remote software download be available? (Ask your payment processor—which is Worldpay if we do your payment processing)
  • Worldpay’s standalone EMV solutions: POS VX 520 terminal and VX 680 wireless terminal. A remote EMV software download will be scheduled before the October 1, 2015, liability shift.

Request Information About the EMV Transition

Tags: accept credit cards, flat fee merchant account, merchant account, emv fraud liability, emv credit card, emv card, emv transition, flat fee credit card processing, emv

The EMV Transition - How It Affects Your Merchant Account : Part 1

Posted on Mon, Mar 09 2015 @ 09:42 AM

What is EMV?

EMV is an open-standard set of specifications that ensures functionality between smart chip cards and payment t erminals. EMV originated as a joint effort among Europay, MasterCard® and Visa® to improve payment safety through better card security and improved standards. Today, EMVco is owned by Visa, UnionPay, MasterCard, JCB, Discover and American Express. Payments industry organizations participate with EMVco as technical and business associates. Worldpay is a business associate in EMVco. Find more information at www.emvco.com

emv credit card transition

 

How are chip cards different from existing magnetic stripe card technology?

The EMV “chip” is a secure microprocessor built into a card or other payment devices (e.g. mobile wallet on smart phone). The chip generates a unique number for each sales transaction, making it extremely difficult to use a cloned card fraudulently on a card-present transaction. Magnetic stripe cards use static cardholder data that remains the same for every transaction, which makes them attractive targets for theft , cloning and use in card fraud. In addition to strong security features, chip technology includes other capabilities—like Near Field Communications (NFC) technology—which lets merchants accommodate both contact and contactless payments.

 

Why are EMV chip cards being promoted as a payment standard in the US?

EMV chip cards are already well-established outside the US, particularly in Europe. Crime migrates to the easiest targets, which right now includes the US. Upgrading to the EMV standard is anticipated to greatly reduce card fraud here in the US.

 

Why will more US merchants move to the EMV standard in 2015?

Beginning October 1, 2015, the major card networks agreed to shift financial responsibility for losses due to counterfeit card-present card fraud to the party using the least secure technology. Merchants that want to avoid this liability should implement EMV chip technology in their point-of-sale (POS) devices before the deadline. Chip and PIN payment devices are deemed most secure for card-present transactions. Ask Worldpay if you need help making decisions about EMV POS device purchases.

 

What does the financial liability shift mean and how will that affect my business?

Merchants who don’t use EMV capable—and enabled—POS equipment aft er October 1, 2015 will be responsible for card-present fraud losses in the following instances:

  • Counterfeit EMV card: Visa, MasterCard, Discover and American Express move liability to the merchant
  • Lost or stolen card: American Express, Discover and MasterCard move liability to the merchant; Visa keeps liability with the issuer

Please note a chip and PIN terminal provides the most secure transaction environment available today.

If you have any questions about the EMV transition, contact Novera Payment Solutions. We are here to make the transition as easy as possible for our clients.

Request Information About the EMV Transition

Tags: accept credit cards, flat fee merchant account, payment processing, merchant account, emv fraud liability, emv credit card, emv card, emv transition, flat fee credit card processing, emv

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