Overview

For poeple around the world
Pay Scout is the way to pay - trusted and secure. We are recognized in the processing industry for our high end processing solutions and unrivaled customer support to a diverse range of clients.

Check 21
Check 21 is a federal law that is designed to enable banks to handle more checks electronically, which makes check processing faster and more efficient. Today, banks often must physically move original paper checks from the bank where the checks are deposited to the bank that pays them. This transportation can be inefficient and costly.

Instead of physically moving paper checks from one bank to another, Check 21 will allow banks to process more checks electronically. Banks can capture a picture of the front and back of the check along with the associated payment information and transmit this information electronically. If a receiving bank or its customer requires a paper check, the bank can use the electronic picture and payment information to create a paper "substitute check". This process enables banks to reduce the cost of physically handling and transporting original paper checks, which can be very expensive.

A substitute check is a paper copy of the front and back of the original check. A substitute check is slightly larger than a standard personal check so that it can contain a picture of your original check. A substitute check must be printed in accordance with very specific standards so that the substitute check can be used in the same way as the original check. If you receive a substitute check that appears to have a problem, such as it contains a bad picture of your original check, contact your bank.

The speed of check-processing already has increased in response to check-system improvements other than Check 21. Thus, even now, once a check is deposited with a bank, it is almost always delivered overnight to the paying bank and debited from the checkwriter's account the next business day. Check-processing speeds should continue to increase, over time, as banks make further operational changes in response to Check 21. That means money may be deducted from your checking account faster. Before you write a check, it's always best to make sure your checking account has enough money in it to cover the check.

We have piggybacked this system for high risk processing. Pay Scout will deliver digital checks to the account holder's bank aggregating payments for a variety of different markets.

MOTO Processing
MOTO is short for Mail Order/Telephone Order. MOTO refers to anything "card not present" or "non face-to-face". There are several ways you can process MOTO transactions:
1. Virtual terminal - Secure, web-based "terminal" that allows you to manually enter in credit card information. Virtual terminals are great because they do not require any software installations and can be accessed from any computer that can connect to the Internet. It is probably one of the most cost effective methods as well.

2. POS Software - POS, also known as "Point-Of-Sale" software such as ICVerify, PC Charge Pro, and others are installed on your computer and use your computers modem to send credit card transactions through. POS software does offer some more detailed functions then virtual terminals do, however their price tag can usually be much steeper.

3. Touch-Tone Processing - This alone is probably the most basic and inexpensive way to easily process credit cards. There is no additional equipment needed, you simply use the keypad on the telephone to enter in the credit card information, amount, etc. An approval code will be given for you to write down and store in a safe place. The service can even be utilized by cell phones. Touch-tone processing is perfect for any location. It makes a great mobile solution.

PSP Integration
We have established relationships with a vriety os payment service providers and gateways with plenty of experience adapting to individuale client needs during integration.

POS
Point of Sale Systems Purchasing Overview

Point of sale (POS) systems replace standalone cash registers with computer-based sales software. A POS system may include a touchscreen, scanner, or keyboard for inputting prices, as well as a display and a computer.

POS systems offer several advantages to hospitality and retail businesses. By helping track inventory, they reduce "shrinkage" and employee theft. Automatic price tracking improves price accuracy over traditional cash registers. And built-in reporting lets you collect detailed information on how your business is really performing.

Specialized POS systems are available for a range of industries: restaurants, retail outlets, hotels, and more. Other POS systems are more general and allow you to customize the interface and options to your business.

The two most prominent point of sale systems are retail POS and hospitality POS. Businesses that need retail point of sale systems typically look for solutions to easily support refunds or exchanges, handle special offers and sale promotions, and create inventory databases to track specific items sold. Retail computer systems can also keep tabs on items that either sell out quickly - or don't sell at all - to determine future inventory needs.

Hospitality POS systems can help ease operations in the hotel industry, bars, and especially in restaurants. A restaurant POS system can add efficiency for casual or fast food establishments that need to quickly complete orders and ensure they are correct. For more exquisite dining, restaurant systems can manage open checks and track server responsibilities.

There are many pieces of POS equipment that come with a standard system. Most are furnished with touch screens which are optimal in POS retail systems and POS restaurant systems for their functionality and flexibility. A supermarket or fast food franchise may opt for keyboards since they can program certain keys to represent specific items. Scanners allow businesses to quickly read bar codes on items for swift and accurate checkouts. And of course, you need a printer to print receipts for credit card and cash transactions.

You can also add other peripherals to your POS equipment such as wireless handheld terminals, cash drawers, magnetic stripe readers for credit cards and gift cards, and personal check readers.

Other Point of Sale Systems terminology:

1. point of sale: (also called "pos", "pos system", "computer point of sale", "electronic cash register", "pos equipment", "pos cash register", "pos hardware", "point of sale equipment")
2. cash register: Traditional machine that allows retail and hospitality business to process sales, print receipts, accept cash and coupons, and make change.
3. pos software: Specific software tailored to your industry to run the POS equipment
4. bar POS: Point of sale systems to track food and beverages sold in the bar/pub/saloon industry
5. restaurant POS system: (also called "restaurant computer system", "POS for restaurants")
6. retail pos systems: Point of sale systems to track sales and inventory in retail businesses
7. touch screen systems: Devices that allow employees to quickly enter selections and process transactions using their fingertips instead of keyboards

Virtual terminal
What is Virtual Terminal?

It's an online version of the credit card swipe machines used in stores. But it gives you added advantages:

1. Increase sales. Expand your business beyond the internet.
2. Save money. There's no need to invest in expensive equipment.

How it works
Customer Merchant Payment

1. Customer orders by phone, fax, or mail with credit card.
2. You enter order into Virtual Terminal.
3. Pay Scout processes the transaction and you get paid.

Why use Virtual Terminal?

1. It's easy. Use Virtual Terminal with any Pay Scout merchant account. Anyone can apply.
2. It's affordable. Pay the same low per-transaction price for any major credit card, including Visa, American Express, MasterCard, and Discover.
3. It lets you expand your business. Get paid by phone, fax, and mail, in addition to the internet. 81% of Virtual Terminal users agree that it allows them to reach more customers.
4. It's convenient. You get real time reporting.

Enter order into Virtual Terminal
Steps:

1. Enter order details.
2. Enter billing information.
3. Enter shipping address; shipping label will be created for you.
4. Preview transaction and submit.

Want to get paid by phone, fax, or mail?