Authorization & Processing
PortalProdigy provides everything you need to accept online payments.
It’s flexible and easy to configure. Payment authorization and
processing are fully integrated with PortalProdigy’s Shopping Cart,
Membership Registration, Event Registration and other transaction
features. PortalProdigy also offers everything you need to extend credit
terms, allowing clients to place their orders on account. Using Terms
Management you define the payment terms you want to offer such as “Net
10”, “Net 30”, “2% 10 Net 30”, etc. Credit terms can be individually
assigned to customers or automatically assigned by either the credit
application or membership approval processes. PortalProdigy includes a
complete credit management system which provides the ability to accept
and process credit applications online. The credit approval process
allows you to automatically assign terms upon credit application
approval including setting a maximum credit amount for the customer.
PortalProdigy’s transaction system tracks each customer’s outstanding
balance and automatically determines available credit at time of order
PortalProdigy also provides the back-office administrative tools to
track and process payments including a payment entry process for
processing payments offline. Payment entry allows you to apply a single
payment to multiple transactions regardless of transaction type. You can
use the time saver automated payment distribution or you may manually
distribute payments. You can also print payment, collections,
receivable, charge-back and other accounting reports.
Payment Authorization and Processing features and benefits include:
- Standardized payment processing for
all transaction types.
- Accept Credit Cards including
Master Card, Visa, American Express, & Discover.
- Accept PayPal.
- Accept payment by mail.
- Assign customers payment credit
terms including maximum credit amount and allow them to make online
purchases on account.
- Accept online credit applications.
- Offer COD.
- Automated credit card
- Automated credit card settlement
with option for immediate settlement or settlement upon fulfillment.
- Option to require AVS (address
verification) and CVS code (card verification security) for
additional fraud protection.
- Provides secure SSL 128 bit
- Single Payment options
- Option to disable automated credit
card authorization thus allowing you to use your existing credit
card system for authorizing payments.
- Use a single payment processor
gateway for all transactions.
- Back office (and in-store) payment
entry processing for checks, cash, and credit card payments.
- Distribute a single payment to
multiple transactions and invoices.
- Chargeback entry screen makes it
easy to record NSF and stop payment checks and credit card
- Payment authorization screen for
quick batch processing of payments.
- Ability to create credit memos and
apply to invoices as payment.
- Ability to create refunds.
- View and enter payment information
directly from Order Management.
- Print payments, collection,
receivables, chargeback and other accounting reports.
- Automated creation of GL Entries.
GL entries are in GAP format.