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Value added solutions for AR CLEARING by payment cards and credit cards

By Mudiam Srinivas Subscribe to RSS | August 25th 2012 | Views:
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Typically most SAP customers have needs to convert their Accounts Receivables (AR) into cash soon possible to reduce their Days Sales Outstanding (DSO). They may be using CRM or Sales & Distribution or Biller Direct module. Using our state of art automated payment card processing - customer can avail the flexibility and robustness of our integration with more than 30 leading payment gateways, processors and acquirers around the world involving multiple currency processing for different company codes within the same production system.

Some customers have needs to process Level II and Level III payment card data to be able to reduce their card and bank processing fees and at the same time comply with the way their issuing bank accepts, say, line item details - item quantity, price, taxes, any discounts, shipping charges, freight fees, packing fees, which need to be captured so as to process payment card authorizations and settlements. With our expert guidance and solution what customer needs, we can help you implement in your SAP system. SAP system stores payment card and credit card data in RAW format and the crypto library it provides is not PCI compliant. With our tokenized solution which goes beyond US Dept. of Defense - suggests AES-256 encryption as the benchmark, our customer is sure to have peace of mind that their SAP is out of scope for PCI audit and since they do not have RAW card data, as we host the solution in our PCI compliant facilities on SaaS.

We also have built many add-on tools which will help customer in several ways. One of them is the Mass Conversion Utility, which can convert customer RAW payment and card data into highly customized TOKEN numbers before the customer go-live, thus making customer PCI complaint, the minute they implement our solution. Our Token Key Rotation tool helps customer rotate the token every 12 months as per the best practices suggested by PCI Council. Here we archive the custom TOKENs and replace them with new TOKENs so as to comply with PCI council recommendations. The custom solutions include many variants of clearing an unpaid open invoice. Every customer is different and their business processes vary. We have built many custom tools to handle prepaid, advance payments or clear invoices which were not initially charged with card payments. Based on the customer need, we can deliver the solutions from our wide ranging solution sets and tools. We can also help you to identify the correct processor, gateway and merchant bank - so as to get you best possible card transaction fees for your needs. Since we work with all the processes and gateways, we can guide what is best for your company including multi currency and Level 2 and Level 3 processing and based in your transaction volume.

Mudiam Srinivas - About Author:
Are you looking for professional SAP payment credit card encryption and tokenization? Mudiam provides PCI DSS Compliance on Demand AES 256 encryption, sap pci and more. Should you have questions, please call us at 713.589.3630 or email us at info@mudiaminc.com

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