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Aloha Feature: Split Dial, Split
Settle
In an effort to make your P&L as strong as possible, Abacus
wants you to be aware of the Split Dial, Split Settle feature in
the Aloha system you have right now.
Abacus can significantly reduce or eliminate the per transaction fee normally charged by
American Express®.
AMEX Split-Dial.
Your terminal is programmed to dial Amex direct American Express
transactions, and your other merchant number for VISA,
MasterCard and other transactions. When this happens, the
transaction fee normally charged is eliminated or reduced.
AMEX Split Settle.
Abacus can also reverse PIP which further reduces fees through
split settlement. By using split-dial for AMEX and reverse PIP
(”split-settle”), Abacus can eliminate or reduce costs from your
processor and only incur direct Amex costs.
Both of these are achieved through terminal programming—the
Abacus Customer Support Group can help you with this directly.
Simply call the Abacus Customer Solutions Group at (727)
524-0177 and choose option 3.
American Express
Card Acceptance Processing Network (CAPN) Compliance. For
merchants who “split dial” and process American Express cards
direct to AMEX, this enhancement will offer compliance to the CAPN requirements. The compliance deadline for merchants who
process direct to AMEX is July 31, 2008. The deadline is not
applicable for merchants who process American Express cards via
third party processors (i.e. Visanet, Paymentech, CES, etc).
Please note that you can achieve CAPN compliance by upgrading to
Aloha v6.4 EDC.
American
Express High Speed Settlement. This new feature allows merchants who process
direct to American Express to authorize and settle transactions over a high
speed connection. In previous versions, merchants could only authorize over high
speed.
Abacus. You can count on us.
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