Epicor Credit Card Processing

Help Simplify the Entire Process of Accepting Payment Cards

Epicor Credit Card Processing is an optional module for the ERP systems available from Epicor. This high-value add-on enables you to avoid the hassle of managing separate payment processing software packages by automating and integrating customer payments initiated by credit cards.

Designed to deliver a cost-effective, easy-to-use, safe, and robust credit card processing solution

Help realize savings—using Epicor Payment Exchange and the Epicor Payment Gateway can eliminate third-party gateways and associated fees

Compatible with multiple ERP systems from Epicor

Ease compliance with PCI and other requirements using a hosted payment technology

Help keep your data and your customer’s data secure

Simplified Processes and More Convenience

Comprehensive authorization, settlement, and reporting from a trusted technology provider

No need for redundant data entry or end of-day batch reconciliation—everything happens automatically within the Epicor software

Epicor in-house experts have the knowledge and tools to solve problems quickly should they occur

Lower Costs and Typically Fewer Surprises

Lower rates regardless of size, industry, or number of card-based transactions

Straightforward, predictable pricing keeps statements and reports free of surprising new fees and surcharges

Web access to transactions at any time to verify volumes and predict monthly charges

No need to use third-party gateways

Payment Processing Industry Architecture

Card Issuers

Card issuers provide credit and debit cards to customers. For instance, a bank may issue a MasterCard® credit card. These institutions also pay the merchant bank (also termed the acquiring bank) on behalf of consumers who use their card for purchases.

Card Networks

Card networks such as MasterCard, Visa®, Discover®, and American Express® facilitate transactions between the Card Issuer, Merchants, Processors, and Banks. These companies provide the electronic networks that enable all parties to process transactions and communicate with each other.

Credit Card or Payment Processor

A payment processor is a company that handles transactions so that your customers can buy your products. The payment processor checks for security measures such as verifying that the customer’s card data is correct. Payment processors are technology platforms that coordinate with card networks, card issuers, and banks to enable merchants to process debit and credit card as well as prepaid payments. Epicor Payment Exchange was developed and is owned by Epicor and is a certified payment processor.

Merchant Account

This account is used to process the credit and debit card payments taken from your customers. The daily sales transactions are deposited as a batch total at the bank account of your choice. Merchant accounts are essential to businesses, especially those that accept credit cards online. Without a merchant account, you cannot accept money from a customer’s credit or debit card.

Payment Gateway

The payment gateway connects the payment processor and the merchant account to the card network companies such as Visa or American Express. In essence, it’s connecting your customer’s financial account to your merchant account. Without a payment gateway, you would be missing a major part of completing a financial transaction. The Epicor Payment Gateway was developed by Epicor and includes the Payment Manager, a web-based view of transactions processed. The Epicor Payment Gateway performs encryption and tokenization of cardholder data.

Payment Application

The software application that sits between the ERP system and a Payment Gateway. The Epicor Payment Application (EPA) was developed by Epicor and interacts between the on-premises or cloud deployed ERP systems of Epicor and the Payment Gateway.

Process Flow

When you submit a credit card transaction, the ERP sends the transaction information to the EPA. EPA validates the transaction and generates a token to be stored in the ERP, then it connects to the Epicor Payment Gateway. The Epicor Payment Gateway connects to the payment processor specified, either Epicor Payment Exchange or a third-party processor. Then the processor connects to the card associations, and the card issuer authorizes the transaction and posts to the cardholder. The merchant is funded a few days later by the payment processor.

Security

Epicor is a Payment Card Industry (PCI) Compliant Service Provider (gateway, tokenization, and encryption services).

The ERP systems delivered by Epicor are not in the PCI scope, and the cardholder data is never stored directly in these systems. When the ERP user enters the credit card and the expiration date, this data is stored securely in the cloud. The ERP systems only store a token that represents the card number and type. The Epicor Payment Gateway allows a reduced Payment Card Industry Data Security Standard (PCI DSS) scope for customers and the ERP cloud infrastructure.

Data Elements Processed

Merchants can decide how much data they allow on a specific transaction to the payment processors. Some card issuers offer reduction on the interchange fees, if more data are provided on the transaction. Examples are zip code, invoice number, tax amount or line-item details.

Features

Enable Your System to Leverage Robust Payment Processing from Epicor

Epicor developed multiple components in the bank card payment process to lower your costs and avoid complications with integrating to third-party systems. It all makes the implementation and maintenance quick and easy. Customers with cloud deployments get the updates in an automated and scheduled manner. Whenever a new requirement arises, Epicor plans to enhance the solution to acquire the latest certifications to remain compliant with leading industry standards.

Epicor® Payment ExchangeTM

Epicor Payment Exchange is the heart of the Epicor Credit Card Processing module. It is a robust, card payment processing solution—a technology platform that coordinates with bank card networks and banks to enable merchants to process debit and credit card transactions as well as prepayments. The Epicor Payment Exchange service handles the key steps in accepting card payments—real-time authorization, settlement, and comprehensive reporting.

Fully Integrated

As Epicor Payment Exchange is fully integrated with multiple ERP systems delivered by Epicor, nearly every step is quicker and easier, and some tedious steps—such as double entry of payment information and daily batch reconciliation—simply go away forever. There are no gateway fees when processing with Epicor Payment Exchange, and it also brings you volume discounts that many processors simply don’t offer, leaving more of every sale where it should be—in your bottom line.

Availability

Epicor Payment Exchange is available to customers in United States and Canada.

Supported Currencies

Epicor Payment Gateway supports:

United States Dollar
Canadian Dollar

Good to Know – Epicor Commerce

You can combine the Epicor Credit Card Processing module with Epicor Commerce. Epicor Commerce is an integrated product for manufacturers (Kinetic) and distributors (Eclipse™, Prophet 21®) and helps you build and manage custom websites for your business. The eCommerce solutions enabled by Epicor Commerce can serve both B2B and B2C scenarios and offer an enhanced experience to your trading partners and customers.

Easy Self-Assessment Questionnaire (SAQ)

Epicor offers an affordable solution to help you manage your annual Self-Assessment Questionnaire (SAQ) process to remain compliant with the Payment Card Industry (PCI) Data Security Standard (DSS). The Epicor Easy SAQ solution is powered by SecurityMetrics, and it is compatible with the Epicor Credit Card Processing solution on a number of platforms for manufacturers and distributors, as well as with any third-party credit card payment solutions.