PCI Compliance

What is PCI?

The PCI Standard is mandated by the card brands and administered by the Payment Card Industry Security Standards Council. The standard was created to increase controls around cardholder data to reduce credit card fraud. Validation of compliance is performed annually, either by an external Qualified Security Assessor (QSA) or by a firm specific Internal Security Assessor that creates a Report on Compliance for organizations handling large volumes of transactions, or by Self-Assessment Questionnaire (SAQ) for companies handling smaller volumes.

Payment cards are one of the most valuable forms of sensitive data and face the most continual threats of theft and fraud. These attacks often involve professionally organized, savvy international crime groups, who evolve their tools and processes to evade security measures and steal credit and debit card information. Once stolen, the syndicate launders, resells and distributes the highly desirable payment card data on the black market.

How we keep you secure?

TranzPay utilizes a long legacy and deep experience helping it's merchants secure data and become compliant with card brand and industry mandates, including the Payment Card Industry Data Security Standard (PCI DSS). Our solution protects each step in the payments chain, and ensures all involved parties continue to be compliant.

This is achieved by performing continuous penetration testing along with deep network vulnerability scans.

Recurring Billing

Benefits

Take advantage of flexible features to enhance customer loyalty, while reducing authorization declines and overall administrative costs. Simply create a recurring installment in the merchant portal that includes the customer's payment information, a billing amount, and payment schedule. Your customers can choose installment payments from your custom payment form when you integrate your Web site directly to our application programming interface (API).

Improve Efficiency

Once a subscription begins, no additional labor is required through the life of the subscription. ARB also includes the ability to customize trial periods and pricing. Eliminates the need to store sensitive data on computer systems, reducing the risk of compromised customer information.

Advanced Reporting

​Analyze Data

You are in control with merchant-defined management tools and online reports. Online reporting allows you to analyze transaction data, quickly identify trends indicative of fraudulent activity or improper operating procedures.

​Real Time Reporting

Since knowing the status of transactions is critical to the success of every merchant, Payment XP’s robust reporting application captures and logs all billing and settlement activity in detail. Once the data is implemented, a variety of management reports can be generated instantly.

Customer Service

Who we are

With TranzPay you never have to worry about getting lost in an automated customer service line. We have dedicated customer service staff 24/7.

When you call in for assistance you will speak to a live representative highly trained to help you with anything you need from reconciling your reports to helping you process a transaction and everything in between.

​What we do

  • 24-hour phone support
  • Technical and integration assistance
  • Veteran client managers
  • Statement analysis
  • Training and support

Next Day Funding

How It Works

Most credit card processors fund transactions in two or three business days. With TranzPay, transactions that are processed and settled prior to 7:00 PM EST will post to your bank account the next morning. Utilizing our direct connection to banking system, we are able to expedite typical funding times and ensure you received your funds the very next business day.

​Purpose

We know how important it is for you to manage your books and stay cash flow positive. No more waiting 48 or even 72 hours to see YOUR money deposited into your account. We understand the urgency of having your hard earned money as soon as you can so you can manage your inventory and pay your vendors/carriers. No more waiting, process with the confidence that your funds will be waiting for your in the morning.

Convenience Fee Model

How it works

Let's be honest, the ability for a customer to make a purchase without cash is a convenience and in many cases it is the cost of doing business, however for a handful of industries, a convenience fee model is the ideal way to eliminate those credit card and check processing fees.

If you charge $100, you receive $100 in your bank account the next day. If you charge $10,000, you receive $10,000 in your account the next day. No fees taken out of your deposits or billed at the end of the month. As a third party technology solution we are able to provide this service to you at no cost.

​What we do

  • Reduce operating costs
  • Shifts liability from you to TranzPay
  • Receive 100% of the payment you charge
  • Next day funding
  • Setup recurring payments
  • Pay via Virtual Terminal, SMS, IVR & API

Chargeback Management System

Real Time Reporting

Since knowing the status of transactions is critical to the success of every merchant, Payment XP’s robust reporting application captures and logs all billing and settlement activity in detail. Once the data is implemented, a variety of management reports can be generated instantly.

​Analyze Data

You are in control with merchant-defined management tools and online reports. Online reporting allows you to analyze transaction data, quickly identify trends indicative of fraudulent activity or improper operating procedures.