Understanding Credit Card Payments Concept Understanding Credit Card

Understanding Credit Card Payments Concept

Understanding Credit Card Payments

Understanding Credit Card Payments Step 1 You can create credit card payments in People. Soft Receivables in several different ways.

Understanding Credit Card Payments Step 2 Customers who use the self-service component People. Soft e. Bill Payment can pay invoices in their Payment Cart using a credit card.

Understanding Credit Card Payments Step 3 Credit card worksheets enable you to select existing People. Soft Receivables items and pay them by credit card.

Understanding Credit Card Payments Step 4 You can create credit card payments and access the Credit Card Details page through any of these People. Soft Receivables inquiry pages: • Account Overview - Balances page. • Item List page. • View/Update Item Details - Detail 1 page.

Understanding Credit Card Payments Step 5 The Credit Card Processor multiprocess job (ARCRCARD) enables you to create credit card worksheets and settle credit card transactions automatically in batch.

Understanding Credit Card Payments Step 6 People. Soft FSCM provides two frameworks in the Order to Cash modules (Order Management, Billing, e. Bill Payment, and Accounts Receivable) for entering and processing credit card data. You can use only one model per implementation.

Understanding Credit Card Payments Step 7 In the Traditional Model, after credit card numbers are entered, they are stored in an encrypted format in the People. Soft system.

Understanding Credit Card Payments Step 8 The Hosted Model facilitates the collection and processing of payment information by third-party credit card service providers. The customer enters credit card information on the host's entry page.

Understanding Credit Card Payments Step 9 Businesses with an Order to Cash system can convert from a traditional credit card model (local storage of credit card data) to a Hosted Model, where a third-party service provider collects and stores the credit card data.

Understanding Credit Card Payments Step 10 This table provides a side-by-side comparison of data storage in the Traditional Model versus the Hosted Model.

Understanding Credit Card Payments Step 11 This diagram summarizes the different models for collecting and storing credit card data in your People. Soft system.

Understanding Credit Card Payments Step 12 You can use the Credit Card Work. Bench page to manage credit card payments that have been created but have not been authorized or settled. You can also use this component to inquire on the transaction history for authorized and settled credit card payments. You do not use this component to create new credit card payments.

Understanding Credit Card Payments Step 13 To summarize, you can create credit card payments in several different ways, in People. Soft Receivables or in the selfservice component, e. Bill Payment. The People. Soft system either stores credit card data locally or using a thirdparty host. This affects the credit card data you see on pages in People. Soft. You can manage credit card payments on the Credit Card Work. Bench. End of Procedure.