Business Link Presentation E-Commerce Payment Processors. 25 January 2010

Business Link Presentation

E-Commerce Payment Processors

Payment Processors Update

• Overview of Xanthos • PCI Compliance

• 3d secure

Xanthos -7 Key Benefits

• Performance: an unwavering focus on generating results

online. By understanding your business we establish what will work for you

• Advanced internet marketing knowledge: to ensure your internet marketing strategy takes flight we identify internet marketing methods that will transform your business

• Customer focussed team: we take great care of you in every way, answering your queries quickly and efficiently

• Value for money: you will be able to manage your site after launch with our easy to use content management system that comes at fraction of the cost of a bespoke system

..the other 3

• E-commerce experience: if you’re selling online, we’ll help

you through the minefield of requirements and help you make more money

• Proven track record: feel confident knowing that with our North American partners we have collectively hosted, built and developed over 3,000 successful websites

• Approved: quality assured supplier on the East Midlands service provider register

Services

• Website design & development • Online marketing

– SEO – PPC

– Email Marketing

– Online Press Releases – Social media

– Web Analytics

• E-commerce

PCI Compliance

• V 1.2 Oct 2008

• Standard – not law

• PSPs and banks increasing pressure for businesses to become PCI compliant themselves

• Approving software vendors for Payment

Application Data Security Standard (PA DSS) compliance

PCI DSS – High Level Overview

• Build and Maintain a Secure Network

– Install and maintain a firewall configuration to protect cardholder data

– Do not use vendor supplied defaults for system passwords and other security parameters

• Protect Cardholder Data

– Protect stored cardholder data

– Encrypt transmission of cardholder data across open , public networks

• Vulnerability Management Program

– Use and regularly update anti-virus software

PCI DSS – High Level Overview 2

• Implement Strong Access Control Measures

– Restrict access to cardholder data by business need to know – Assign a unique ID to each person with computer access

– Restrict physical access to cardholder data

• Regularly Monitor and Test Networks

– Track and monitor all access to network resources and cardholder data

– Regularly test security systems and processes

• Maintain an Information Security Policy

PCI for Merchants...

• Major elements that affect e-commerce: – Storing the CVV number prohibited

– PAN to be available to those having a need to access it otherwise must be masked. Must be encrypted where stored and when transmitted

– Is your e-commerce software PA DSS compliant? – Is your bank PCI compliant?

– Is your PSP PCI compliant

– Will your business have to be compliant? – CPI as an option

3D Secure

• Verified by Visa

• Secure by MasterCard

• Password-protected identity checking • Benefit to merchant

– Liability passes to card issuer so reduces chargebacks – Possibly reduce charges

• Disadvantage – extra step in checkout process • Maestro requires Secure by MasterCard

Merchant Accounts and Payment

Service Providers

Lloyds TSB

• Open a merchant account

• Open a Cardnet account – e-commerce transactions separately identified

• Use third party PSP

• Charges

– Joining fee

– 12 month minimum contract

– % of value of each credit card transaction – Flat fee on debit card transactions

Barclays ePDQ

• ePDQ CPI • ePDQ API • Charges

– New Customers pay a joining fee for account set up

– Flat monthly charge plus % of transaction value and flat fee for debit cards

– Transaction charge as well (% of credit cards/ flat fee for debit cards)

RBS Worldpay

• Business Gateway option – for merchants who have a merchant account

• CPI

• 4 days for funds to transfer • Charges

– From £19.95 pm

– 350 inclusive transactions

RBS Worldpay 2

• Business Gateway Plus – provides merchant account

• CPI

• Funds available within 28 days • Charges

– Set up fee £75 – Monthly fee £15

– Transaction fees 3.35% per transaction + 15p per transaction

RBS Worldpay 3

• Global Gateway

• High Capacity Gateway

HSBC

• CPI • API

• Funds transferred within 3 days • Charges

– £200 set up fee

– Monthly management fee £20

– Transaction charges negotiable. Base rates 3.5% cards 35p debit cards

Bank of Scotland

• Merchant account only • Fees negotiable

• Become very risk aware/averse • Use Trade Association!!

– In 2008 they quoted : £375 set up, £20 pm

Sagepay (was Protx)

• API and CPI

• No set up fees • SME Tariff

– £20 per month

– Upto 1000 transactions per quarter

• Corporate Tariff

– Over 1000 transactions per quarter – 10p per transaction

• Teamed up with BOS to offer merchant accounts

Paypoint (was Secpay)

Paypoint 2

• Fast Track

– CPI

– £125 set up fee – £30 per month

– Negotiable transaction rates ???

Paypoint 3

• Professional

– API

– £40 per month

– Up to 500 transactions free

– Each subsequent transaction 10p

• Enterprise

– API

– Tailored pricing

• Bank Enterprise – for larger companies

Netbanx

• CPI

– Branded checkout

– Automatic redirection to site

• API

• Charges

– Set up fees

Netbanx 2

• Complete Solution for businesses without Merchant Accounts

• Funds transferred 7-14 days • Charges

– £20 per month minimum charge

– Transaction costs from 1.9% plus 20p for credit card transactions plus 45p for debit card

Nochex

• “Merchant Account” option - no merchant account required

– CPI

– Instant cash access but with daily withdrawal limit – £50 set up fee

– No monthly or annual fees

– Maximum transaction value £1,000 – From 2.9 % +20p per transaction

PayPal

• Website Payments Standard

– Quick to set up - adding a PayPal button – No set up fees

– No monthly fees – No gateway fees

Paypal 2

• Website Payments Pro

– API option

– No merchant account required – No set up fees

– £20 monthly fee

– 1.4% -3.4% +20p per transaction

• 3D secure – use their own security Maestro requires 3D secure

Google Checkout

• Buy Now button option • API option • Charges – No set up fees – No monthly fees – No gateway fees – No transfer fees

– Transaction fees from 3.4% - 1.4% transaction plus 20 p per transaction

– 1% if country of buyer different to seller – Add Google Checkout badge to Ads

Olga Travlos 08450 740068