Safer, easier payments with Vantiv

Dec 15
By justine
Filed in Feature Friday

RepairShopr and Vantiv

The following isn't legal advice -- any processor or bank may have their own rules. This is what we understand from talking to industry partners at great length. Please consult your merchant provider with this knowledge in hand.

We first partnered with Vantiv in 2015 to bring you a solid payments option. Our goal? Provide an integrated payment solution that’s secure and easy to use while balancing friendly service with low costs.

It’s a tall order and Vantiv has all of that covered. But besides being a good mix of great technology and friendly service, you might not know about some other cool features Vantiv offers. With Vantiv, you can:

  1. Accept the latest payment technology, like Apple Pay and mobile payments
  2. Setup recurring customer billing, making it easier for you to get paid
  3. Get paid on-the-go with the RepairShopr iOS/Android apps

All of this is available at one of the lowest rates you’re going to find. We used our processing volume to negotiate a special rate with no contract. Head to the App Center in your RepairShopr account to connect with Vantiv and see if they're the right fit for you! Plus, if you’ve found a lower rate, you can contact Vantiv and they’ll try to meet or beat it. Pretty cool.

Read on to learn about:

  1. How Vantiv’s security and compliance technology helps protect your business
  2. What EMV chip readers are and why you should make the switch
  3. Recommended hardware

Easier Security and Compliance with Vantiv

So Vantiv has awesome rates and cool new features like Apple Pay covered. But beyond the cool stuff, the Payment Card Industry (PCI) is incredibly complex and changing often.

Our partnership with Vantiv helps make it easy for your business to be compliant with latest PCI regulations while helping keep you and your customer’s data secure. Our goal with this integration is that you can focus on running your business instead of trying to be payment security gurus.  

We’ve mentioned security and compliance, but what does Vantiv actually help you do?

  1. Protect your business from data compromise with Peer-to-Peer Encryption (P2PE) and tokenization designed to secure data when in-transit (encryption) or at-rest (tokenization).
  2. Stay compliant with PCI regulations with the latest laws and regulations, so you can focus on your business instead of trying to become a security expert.
  3. Build trust with customers by protecting their data with the latest credit card processing technology, including EMV chip readers.

Here’s a summary of the different technology that Vantiv payment processing uses and how it helps protect you and your customers.

Technology

Protects data...

What this does

Point-to-Point Encryption (P2PE)

In-transit during initial transmission/swipe

Removes cardholder data from your network when the data is going from the customer’s payment card into your system.

Tokenization

In-storage  

Removes cardholder data from your network when it’s being storage.

EMV Chip Readers  

From fraudulent use at Point-of-Sale

Reduces card-present fraud by validating a customer’s identity, while helping merchants avoid charge-back liability.

EMV Chip Readers and Reasons to Switch

In the past year or so, you’ve probably gone to pay for something with a credit card and been directed to insert your card into the machine instead of swiping it. What’s the deal with that, anyways?

EMV/Chip Card Readers are the new standard in smart card technology. They help protect businesses and consumers alike from financial loss due to fraudulent use of payment cards at a POS. But how?

Chip cards that are accepted in EMV terminals help fight fraud by generating a one-time code with every transaction making it nearly impossible to create counterfeit cards for use in stores.

Top reasons to upgrade to a chip reader:

  1. Fight fraud: Chip cards generate a one-time code with every transaction making it nearly impossible to create counterfeit cards for use in stores.
  2. Build customer trust: Since chip card readers offer heightened security, your customers can trust that you’re protecting their card data.
  3. Limit your fraud chargeback risk: Since October 2015, merchants are more likely to be financially liable for fraud, lost/stolen transactions at their in-store locations if they are not using chip card readers.
  4. Be on the cutting edge of new payment technologies: In addition to security features, chip readers also let you accept mobile payments like Apple Pay and Android Pay.

Recommended Hardware

To get the protection and security of EMV chip readers, specific hardware is required. We recommend the following options. 

Environment

Name

Card Type(s)

Interface(s)

Estimated Price

Link

iOS

IDTech Shuttle

Magnetic Swipe

headphone jack

$75.00

MUST REQUEST MERCURY KEY: JR's POS Depot

Windows/Mac

Magtek USB card reader

Magnetic Swipe

USB

$70.00

Contact Vantiv to order: 800.846.4472

Table Top Terminal

Dejavoo Z11 (wired)

Magnetic Swipe, EMV(Chip), Apple Pay

Ethernet

$299.00

Contact Vantiv to order: 800.846.4472 salessupport@mercurypay.com

NOTE: EMV support was launched in Q4 2016. If you purchase this hardware before then, your terminal may require an update. Contact Vantiv for details.

Table Top Terminal

Dejavoo Z9 WIFI (wireless)

Magnetic Swipe, EMV(Chip), Apple Pay

WiFi

$380.00

Contact Vantiv to order: 800.846.4472 salessupport@mercurypay.com

NOTE: EMV support was launched in Q4 2016. If you purchase this hardware before then, your terminal may require an update. Contact Vantiv for details.

If you’re not sure if your payment setup includes the benefits of EMV, feel free to contact us.

Next Steps and Additional Resources

We’re recommending Vantiv as our integrated payment solution of choice because they offer the most services for the least amount of money. If you agree, here are some things you can do next.

If you’re ready to integrate RepairShopr with Vantiv, find Vantiv in the App Center to get started.

RepairShopr’s Credit Card Processing Overview: http://feedback.repairshopr.com/knowledgebase/articles/224669-credit-card-payment-processing-overview-start-her

RepairShopr + Vantiv Setup Instructions: http://feedback.repairshopr.com/knowledgebase/articles/755793-vantiv-formerly-mercury-payments-setup-instructi 

Details about Vantiv EMV hardware: http://feedback.repairshopr.com/knowledgebase/articles/708042-vantiv-formerly-mercury-payments-in-repairshopr

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