AMEX CAPN Compliance and Visa Card Level Results 62.23

VeriFone PCCharge Payment Processing Software

VeriFone is proud to announce the release of PCCharge™ 5.7.1i Service Pack 8. This latest version of our award-wining payment processing software addresses one of the most important issues facing the payment industry today: transaction security.

The major focus of the PCCharge 5.7.1i SP8 release is compliance with both AMEX CAPN compliance requirements and Visa Card Level Results requirements.

NOTE: - If your PCCharge Technical Support contract has lapsed, please contact whoever sold you the software to see about reinstating your support agreement. Please have your serial number and version number ready before you call. Additionally, please note whether you are using PCChargePro or Payment Server.

To locate your serial number and version number, start up your copy of PCCharge. Click Help, and then click About. Your serial number and version number will be shown on the window that appears. It will also indicate whether you are using PCCharge Pro or Payment Server.

NOTE: - Please note that "entitled" upgrades to PCCharge 5.7.1i SP8 are only available to those customers whose support contracts were active when SP8 was released (07/30/2007). Those customers who reinstate support after that date will be entitled to any future upgrades that occur within their support contract, but are not entitled to the SP8 upgrade and may be required to purchase the upgrade at standard pricing.

Why Are AMEX CAPN And Visa Card Level Results So Important?

The AMEX CAPN compliance deadline is August 31, 2007. Any merchant not in CAPN compliance by August 31 will be subject to non-compliance fees of up to $1.00 for each non-compliant transaction.

Starting in October 2007, merchants must meet the requirements of Visa'a Card Level Results program in order to receive proper rate qualification. Failure to do so will result in an additional transaction fees.

What Is AMEX CAPN?

American Express Card Acceptance Processing Network (AMEX CAPN) is a global, multi-million dollar, multi-year technology effort that will deliver a more flexible, adaptable, and efficient card processing infrastructure for all of the American Express core payment systems—authorization, submission, clearing, and settlement. The benefits of AMEX CAPN to merchants include:

Simplified processing by aligning more closely with bankcard data requirements
Enhanced confirmation, tracking, and resolution of disputes and other submission issues
Help reduce fraud by providing enhanced authorization data
Allow authorization and submission of transactions greater than $99,999

The new enhanced data elements will provide AMEX with more knowledge of the transaction. This data will enable them to create better risk models to identify fraudulent activity faster and further protect consumers. PCCharge 5.7.1i SP8 complies with these CAPN requirements.

What Is Visa Card Level Results?

Visa has mandated that all merchants send Authorization Response field 62.23 (a field used to determine the card type used in a transaction) to their acquirers/processors. Visa has also mandated that the acquirer/processor utilize this field for qualification of the transaction and to pass the value in field 62.23 in settlement files. As of version 5.7.1i SP8, PCCharge transmits this field according to Visa's specifications.

For More Information...

To find out more about the PCCharge 5.7.1i SP8 or how to obtain it, please click here to visit the main PCCharge page, or contact your PCCharge Reseller or VeriFone Sales Representative. If you do not have any contact information, you may contact the general PCCharge Sales Group at 1-800-725-9264 or at SalesInfo@VeriFone.com.

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