PIN-based debit provides a secure Internet-based alternative to traditional dial-up or dedicated debit solutions. Available as an Internet-accessible card-swipe application or as an integrated point of sale solution, PIN-based debit provides your customers with the security that they demand for their transactions.

PIN-based debit is currently available only for Canadian merchants.

Features

Features vary by application, but include:

• Instant completion of key data in the POS order form (application) through attached card swipe device (hardware is purchased directly by merchant) including customer and credit card information
• Integrated transaction management capability, enabling the merchant to execute refunds, voids, re-authorizations (i.e. re-authorize an existing transaction for a higher or lower amount without the need to re-enter the credit card number), recurring payments and settlements
• Multiple settlement options (automatic, manual and semi-automatic)
• Access to comprehensive reporting tools for reconciliation and data mining purposes
• Wide range of additional benefits depending upon chosen POS application

Benefits

Features vary by application, but include:

• Signature-based transactions typically qualify for a reduced discount rate from the acquiring bank, reducing overall costs
• Increased customer convenience through faster customer checkout
• Simplified reconciliation of bank deposits
• Fast resolution of customer inquiries regarding payments

Uses

Features vary by application, but include:

• Used in any business where the customer is present with their credit card to make the purchase