ePay for SAP®
Even in this modern, Internet-saturated age, many mid-market manufacturers still use paper-based business processes, like receiving and processing customer payments through the mail. The problem is that non-electronic payments can insert at least 6 business days into your Order-to-Cash process…4 days of mail time and a minimum of 1 day of processing time on each end!
When you add ePay to one of the other modules from the Corevist solution family, you can give your customers the ability make payments directly online!
ePay adapts to the way you do business.
To start accepting online payments, all you have to do is answer a few simple questions: When do you want your customers to pay? At checkout as each online order is placed? Or, at the end of the month for all the orders placed in the last 30 days?
Because ePay for SAP® is part of our cloud-based, modular application, it can be combined with other components of the Corevist solution family to extend their capabilities as follows:
- ePay can be used with eTrack to allow your customers to pay open invoices online via credit card or ACH
- ePay can be added to eCart to allow your customers to pay for their online orders at checkout via credit card or ACH
ePay safeguards sensitive financial information.
Our modular solution in combination with our technology partners creates a rock-solid system that is fully PCI compliant. That means you don’t have to worry about creating the necessary safeguards and precautions to protect your customers’ sensitive information from fraud or theft. We’ve taken care of that for you.
What does it mean to be PCI compliant?
The Payment Card Industry Data Security Standard (PCI DSS) is a set of requirements designed to ensure that ALL companies that process, store or transmit credit card information maintain a secure environment. Essentially any merchant that has a Merchant ID (MID).
The Payment Card Industry Security Standards Council (PCI SSC) was launched on September 7, 2006 to manage the ongoing evolution of the Payment Card Industry (PCI) security standards with focus on improving payment account security throughout the transaction process. The PCI DSS is administered and managed by the PCI SSC, an independent body that was created by the major payment card brands (Visa, MasterCard, American Express, Discover and JCB).
Does PCI compliance apply to me?
Yes it does – if you want to accept online payments.
PCI applies to ANY organization or merchant, regardless of size or number of transactions, that accepts, transmits or stores any cardholder data. Said another way, if any of your customers ever pay you directly using a credit card or debit card, then the PCI DSS requirements apply.
If you’d like to know more about PCI compliance, check out this blog post from our friends at BluePay titled What are the 5 most important things I need to know about PCI Compliance for my business?