What to Expect in the VX Terminal Replacements

What to Expect in the VX Terminal Replacements

by | Jan 18, 2021

VX TERMINAL REPLACEMENTS

In this article, Robert is bringing you information on the latest VX Terminal Replacements.

Verifone is finalizing certifications for their various platforms just in time to kick-off the New Year.

Within the last year or so, Verifone decided to End-of-Life (EOL) the VX series of devices. For the past decade, this line has been the workhorse of the industry that many have heavily relied on. That said, there are high hopes that the new set of devices will be just as dependable as the VX series.

Here is a deeper look at the replacements.

V200c

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Verifone has released this device as their new countertop model to replace the VX520. This device includes a quality 2.8” color LCD screen, along with memory upgrades and processor improvements. The printer now offers faster speeds for receipt printing and is compatible with the latest NFC/CTLS payment methods. Additionally, it is PCI PTS5.x certified and Verifone’s new architecture includes an app marketplace so merchants may easily add additional tools to help them run their business. To name a few certifications, it is currently on World Pay, First Data Nashville, and just completed its TSYS certification.

Verifone P200/400 Pin Pad

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To replace the VX 805/820, Verifone has released the P200/P400 devices. Similar to the V200c, these devices have a 2.8” Color LCD screen with upgraded processor and memory to ensure that the speed of the pin pads stay a fast speed while providing the features of the new VeriFone marketplace. It also features POE capabilities, for fewer cords and a cleaner presentation. The new interface is expected to provide a more user-friendly experience to the customer as well. This device is also certified on World Pay, First Data Nashville and just completed its TSYS certification.

Only time will tell if these devices live up to the generation that came before them. I would expect bumps in the road, as with all new software and hardware, keep your eyes peeled for more information. I will be sending out my thoughts on the PAX roadmap in 2021 now that their annual conference has wrapped up, so stay tuned for those updates.

For additional information, please reach out to BOLD Support Team by calling (877) 515-6464 or fill out the form below.

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Meet the Pax A80, the S80’s Predecessor

Meet the Pax A80, the S80’s Predecessor

by | Aug 27, 2020

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It is out with the old, and in with the new as

PAX announces the End-of-Life (EOL) for the PAX S80 Countertop terminal.

The following models will be affected: S80-M0L-063-02EA, S80-M0L-363-02EA, S80-M0L-363-07LA, S80-MOL-364-03EA, S80-M0L-364-04EA and S80-M0L-364-05EA.

IMPORTANT DATES TO REMEMBER

  • December 31st, 2020 is the Final Order Date. PAX will cease taking orders for all S80 terminals.

  • March 31st, 2021 is the Final Ship Date for any orders placed by December 31st, 2020.

  • December 31st, 2020 is the End of Development Date. There will be no new PAX sponsored hardware changes, application enhancements or software development. However, Pax will continue issuing bug fixes for critical issues for 2 years after the final ship date, 31-March-2023.

  • March 31st, 2023 is the End of Service Date. Service and Repair for all the part numbers listed above will be discontinued. PAX will endeavor to repair terminals up until this date, as component availability permits.

New on the Block

Alternatively, PAX offers an Android based A80 SmartDesktop terminal. Below is a comparison chart which shows the differences between the two terminals while highlighting the feature enhancements of the A80.

A80 v S80 Comparison Sheet (1).jpg

As the latest and greatest version of the PAX system, these products meet PCI security standards while also remaining affordable. And as a whole, we believe that these devices set a higher standard simply through their performance. As you begin moving forward and updating terminals, please note that the A80 terminal can only be boarded in a PAX store.

For additional information, please reach out to BOLD Support by calling (877) 515-6464 or fill out the form below.

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The Best Replacement Terminals for the VX520, VX805, and iCT220

The Best Replacement Terminals for the VX520, VX805, and iCT220

by | Feb 6, 2020

The merchant processing industry constantly changes, and so do the set of standards for the credit card terminals that we have grown comfortable using. For years, workhorse machines like the VX520, VX805 and ICT220 have been the go-to terminal for agents, ISVs, and VARs.

The PCI-Security Council recently announced updates to the new PCI-Standards that have rendered these machines obsolete. Verifone and Ingenico have chosen not to recertify these machines to match the PCI-DSS requirements and have stopped production all-together. Thankfully, there are options.

VERIFONE

Production and orders for all VX terminals ended September 2019. The line moving forward will be known as “Engage”. As described by Verifone, Engage offers “the latest in next-gen features, functionality, and commerce capabilities. [Merchants can] interact with consumers like never before by offering individualized loyalty rewards and discounts, personalized content, the ability to pay with points, and more.”

THE VX520 REPLACEMENT

One device that offers as a substitute for the VX520 is the V200c. The V200c can be customized for Verifone’s app store and offers multimedia capabilities, color display, EMV, Cortex A9 processor, and a faster printer.

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VX805 REPLACEMENT

For the VX805 replacement, Verifone offers the P400. The P400 contains many features offered by the V200c along with a color LCD screen, Gorilla glass technology, and WIFI connectivity.

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INGENICO

Not to be outdone, Ingenico has also retired the entire Telium series with three  new devices called the Tetra line. Ingenico states that this line of terminals “brings a consumer-centric approach to vertical markets (including hospitality, retail, vending, banks & acquirers and transportation) with payment solutions to cover all points of transactions including any payment method support, enhanced consumer interaction, and rich multimedia possibilities […] meeting the latest security threats.”

The Tetra offers their terminals in three separate lines known as the Desk Series, Move Series and Link Series. The Desk Series is designed to be your traditional, countertop terminal. For short range connectivity, such as Wifi, the Move Series proves to be a better option. For mobile payments, merchants will want to look into terminals that fall under the Link Series.

ICT220 REPLACEMENT

Ingenico’s replacement for the ICT220 would be the Desk 5000. The Desk 5000 offers features commonly found in the newer generation of terminals. It can connect via WIFI, Ethernet, or sim card and offers a color screen with upgraded processor and memory.

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For years, merchants have demanded faster, better looking machines, and Verifone and Ingenico have answered. As of February 2020, only a few of these machines have passed certifications with various payment processors, and the release date for these terminals is still unknown. However, it is never too early to learn about the great things to come for you and your merchants.

Questions or want to learn more? Feel free to fill out to form below or email us at info@boldpay.io.

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Card Brand Rules Every Merchant Should Know

Card Brand Rules Every Merchant Should Know

by | May 2, 2019

As POS and credit card technology changes, so do the requirements from Visa, MasterCard, Discover, and American Express. Merchants rely on their merchant processor more than ever for information on how to remain compliant with bankcard regulations. Doing so can help the merchant avoid chargebacks and fees passed down from the four major card brands.

MINIMUM PURCHASE AMOUNTS

Merchants are allowed to require a minimum amount in order to run a credit card, however there are a couple rules they should know:

  1. The required minimum amount for any credit card transaction cannot be more then $10

  2. Merchants cannot require a min amount on debit transactions.

  3. Requiring a min on debit can result into being reported to card brands.

    1. First offense – formal request that the practice is stopped

    2. Second offense- Results in a fine

    3. A third offense could result in the merchant being blacklisted from running future transactions.

REQUESTING CUSTOMER IDS

 Merchants can require a customer to see ID with a few guidelines they must follow:

  1. If the customer’s ID does not match the name on the card, the merchant can refuse to accept the card.

  2. If the customer does not have or is unwilling to present an ID, the merchant should honor the card if there is proof of card presence, a valid authorization, and a valid pin and signature.

MERCHANT MCC CODES

In order to avoid confusion and issues running credit card transactions, merchants should make sure they are classified under the correct MCC Code when signing up with their merchant processor.

  1. An MCC Code is a four digit code that categorizes the merchant’s business and dictates their interchange rate and the card types they are allowed to run.

  2. These codes are also used for activity tracking, reporting, and risk management

  3. Merchant should verify that they are classified correctly. If they fall under two different MCC Codes, they should use the MCC Code that has the highest volume or activate two merchant accounts.

PARTIAL AUTHORIZATIONS

Partial Authorization Defined (TSYS): A partial authorization occurs when a payment card authorization is attempted for a transaction and there are not enough funds available in the account to cover the full amount. The issuer returns an authorization for the amount available in the account, leaving the merchant to obtain an additional form of payment from the customer for the balance.

The simple answer for all pre-authorizations is that all credit card machines and point-of-sale systems are required to take partial authorizations in order to be compliant. Card brand rules include:

  1. Discover requires that you take partial authorizations for all merchant category types

  2. Visa and MasterCard requires pre-authorizations for only certain  MCC Codes 5812 (eating places and restaurants) and 5814 (fast food restaurants)

  3. Card brands do not allow there to be machines that can disable partial authorizations.

  4. If the sale is greater than the partial authorization (for example: if the partial auth is $5 and the merchant adds a tip resulting in a transaction amount greater than the available funds), the transaction can be disputed by the cardholder for incorrect charge since the partial authorization is only $5.

Additional References:
Visa Rules and Regulations
MasterCard Rules and Regulations

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