MSI Offers Innovative Wireless Processing Solutions

Credit card processing has evolved considerably since 1914 when Western Union introduced their “Metal Money” system. Almost a hundred years later, ISOs can significantly expand their merchant account portfolio via innovative secure mobile banking solutions.

These days consumers can purchase almost anything they need or want with the click of a button, but a traditional credit card processing system is not always practical for certain merchants who provide services such as construction or consultations. Until now, their transactions have been limited to cash and check payments. When VeriFone chose Merchant Services, Inc. (MSI) as one of the select payment processors to distribute and process VeriFone's PAYware Mobile credit card encryption sleeve, however, those barriers were suddenly removed and a whole new segment of merchants can benefit from credit card processing services.

This exciting new system enables anyone who has an iPhone 3G or 3GS and a merchant account to process secure credit card transactions anytime, anywhere. Set up is quick and easy. The PAYware Mobile credit card encryption sleeve simply plugs into the iPhone dock connector, cradles the phone, and as soon as the PAYware Mobile application has been installed, can immediately begin processing credit card transactions. Merchants can further customize its features by specifying what tax percent to include for sale in each state and enabling tips to be added manually or by the application based on a percentage of the sale. It even includes a built-in stylus for signature capture. Even with all of those capabilities, it is the sleeve’s encryption technology that makes it truly unique among its competitors and particularly appealing to both merchants and merchant service providers.

While there are other mobile credit card processing systems on the market, VeriFone’s is the only one to offer patented end-to-end security, which complies with the same standards as ATMs and traditional point-of-sale terminals. As our ISOs and the merchants they support know, security and PCI Compliance is always MSI’s primary concern. While we continually develop resource enhancements and strive to create new opportunities for our ISOs, we will never compromise the security of our credit card processing data. PAYWare Mobile truly is a remarkable innovation that has the potential to transform how we do business and increase revenue streams beyond anyone’s expectations.

In the beginning, there was “Metal Money,” which in time evolved into the “plastic” that became the inception of the e-commerce sale systems that currently power so much of our economic growth. This latest mobile credit card processing system provides a secure foundation that will galvanize the next steps towards a profitable future. MSI is proud to offer its ISOs this opportunity to expand their merchant accounts sales by elevating the services they provide to existing clients while also creating relationships with merchants who suddenly have access to an important tool for stimulating growth and maximizing profits.