Transcript Document

Switchover from Teledeposit
to
VIRTUAL TERMINAL
Moneris Solutions
February 20th & 22nd, 2007
7/17/2015
1
Agenda
•
•
•
•
•
•
•
•
•
•
•
Introductions
Why the switch from Teledeposit?
When are we switching?
What is Virtual Terminal?
What is the cost?
Moneris Virtual Terminal Demonstration
Security
Internal processing – FAS
Payment Card Industry Security Standards
Summary
Key Contacts
7/17/2015
2
Why are we switching?
• Consolidated all payment processing within the
university
• RFP process – Vendor of choice - Moneris
o Lower discount rates & transaction fees
o New technology
• Teledeposit (Global Payments product) is ‘old’
technology
• Duplication of work at McMaster eliminated
o 6909 clearing
• Reporting – on-line reports/summaries
7/17/2015
3
When are we switching?
• March 1st, 2007!
• Must ensure that all Teledeposit
transactions are processed by February 28th
o If possible a few days earlier to make the
transition smoother
• We will obtain your Virtual terminal access
codes from Moneris and forward to you
7/17/2015
4
What is Virtual Terminal?
• Module of Moneris ‘eSELECTplus’ product
• Uses a PC and a web browser to process credit card
payments
o Internet access required (all responded ‘yes’)
• Virtual terminal allows you to accept credit cards over
the phone, by fax, or through the mail and obtain
authorizations in real time over the Internet using a
web browser
• no software to install or configure
• Transactions are processed securely
• Help reduce the risk of accepting fraudulent
transactions with fraud tools.
7/17/2015
5
What is the Cost?
• Small volume users
Less than 10 transactions per week
o $6/month for access (McMaster charge)
o Transaction fees (Moneris charge)
o Discount fees (Moneris charge)
• Large volume users
Required to have their own merchant number
o Regular Monthly Merchant Fees
o Transaction fees (Moneris charge)
o Discount fees (Moneris charge)
• Temporary users (i.e. 1-4months)
o one-time access charge - TBD (McMaster charge)
7/17/2015
6
What is the Cost? (cont.)
• Discount fees
o Visa fee – 5% lower per transaction
o MasterCard fee – 19% lower per transaction
• Contract with Moneris states fees are
confidential, please respect this
7/17/2015
7
MONERIS
Virtual Terminal Demonstration
• Patrick Diab – Moneris Solutions
7/17/2015
8
Virtual Terminal Manual
• manual for the Virtual Terminal on-line:
https://www3.moneris.com/connect/en/download/feb05/
misc/eSELECTplus_Users_Guide.pdf
7/17/2015
9
Security
• Card Validation Digit (CVD)
o CVD is a 3-4 digit code on the back of the credit card
o Helps ensure that the customer making a purchase is
actually in possession of their credit card
o **Can’t be recorded!!** (i.e. on a faxed in form)
o Really for phone orders only
• Address Verification Service (AVS)
o Allows card-not-present merchants to check cardholder’s
billing address with the card issuer.
• Benefits:
o Reduce Fraud
o Less chance of chargeback's
7/17/2015
10
Internal Processing-FAS
• Every merchant with an access code will be
asked to fill in an application form
• Choose one account number and subcode
for your sales and charges to be posted to
• For each business day (9-5pm)the cashiers
will print off a report from Moneris’
reporting tool (Merchant Direct) and post
the sales to your account for that business
day in on-line cashiering
7/17/2015
11
Internal Processing-FAS (cont.)
• Transaction fees and discount fees will be
posted to your account monthly
• Print out sales report for each day for your
own records
o Don’t need to send to cashiers
o If further breakdown needed – journal entries
Please balance your 6909 to 0 before March 1st
7/17/2015
12
Payment Card Industry Security
Standards
• Standards developed by the credit card
companies (Visa, M/C) to protect
cardholders
• McMaster is required to be compliant by
2010
• Standard cover policies, business processes,
systems, etc.
• Internal and External AUDITS will be
necessary
7/17/2015
13
PCI Standards (cont.)
• GENERAL CATEGORIES FOR
COMPLIANCE
o Build and maintain a secure network
o Protect Cardholder data
o Maintain a Vulnerability Program
o Implement Strong Access Control measures
o Regularly monitor and test networks
o Maintain a Policy that addresses information
security
7/17/2015
14
PCI Standards (cont.)
• DO’S & DON’TS – specific to Virtual Terminal users
o **Do NOT obtain credit card information via e-mail**
o Do NOT store credit card information (i.e. on faxed in
forms)
• Destroy or ‘mark-out’ as soon as transaction
confirmed/processed
o Do NOT share access code with anyone
• Within a department OR with other departments
o Do NOT manage batch/repetitive payments
• Ability to do in Moneris system
o Fax machine MUST be a secure fax
• Not in a public office
7/17/2015
15
More info re: Security
• Links to information security policies:
• http://www.mcmaster.ca/uts/policy/netsecurity.htm
• http://www.mcmaster.ca/uts/policy/secinteg.htm
7/17/2015
16
Summary
• Teledeposit ‘out of service’ as of February 28th
• New system available March 1st
• We will be contacting you with your access
numbers for Virtual Terminal shortly
• Recording of sales and charges done for you
automatically - No need for journal entries
unless you want to separate your sales
• Be mindful of PCI security requirements
• Balance your 6909 to 0 before March 1st
7/17/2015
17
Key Contacts
• Technical problems
o Moneris help desk – 1-866-319-7450
• Re: transactions posted to your FAS account
o Erica DiCenzo – x24663
• PCI standards/Security
o Richard Oketch – x20842
• Balancing 6909
o Lolita Reyllo-Zarzuela x27568
• All other concerns
o Stacey Maxwell – x23654
7/17/2015
18