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(172) MODERNIZE YOUR BUSINESS AND KEEP USING YOUR INFOR ERP WITH CENPOSPRESENTED BY: AKTION ASSOCIATES & CENPOS
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AGENDA
Aktion’s Infor & CenPOS Partnership
Credit Card Fraud Stats
Infor Credit Card Integration Highlights
Positive Impact of Accepting Credit Cards
Payment Card Industry Compliancy
Concluding Thoughts
Q/A
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Aktion’s Infor & CenPOS Partnership
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• Seamless cloud-based integration into your Infor ERP
• Customized to your business
• Secure transactions
• Unparalleled control over orders and payments
Infor Partnership• Largest NA Distribution Partner
• 25+ Year Gold Partner
• Infor Distribution Partner of the Year three years running (2017 - 2019)
• Supporting Infor Distribution ERPs:• A+• CloudSuite Distribution• FACTS• SX.e
Partnership
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Credit Card Fraud Stats
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CREDIT CARD FRAUDStats you need to know 160,000 reports of credit card fraud 2018
Credit Card Fraud has tripled between 2014 -2018
United States Slow adoption of EMV Chip Technology
10/1/15 – Liability for in store counterfeit card fraud shifted to the party that had not adopted EMV Chip Technology
Merchants that upgraded to EMV, counterfeit fraud dropped 76% from September 2015 to December 2018.
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DATA BREACHESStats you need to know 1,244 data breaches and almost 450-million
exposed records (446,515,334) in 2018
Card Not Present (CNP) uptick – 20% in 2014 to 31% 2018 (% of consumer affected)
Percentage of total data breachesHacking 39%Unauthorized access 30%Employee negligence/error/improper disposal/lost 12%Accidental exposure 9%Physical theft 4%Insider theft 3%Data on the move 2%
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DATA BREACHESDATA SOURCE: IDENTITY THEFT RESOURCE CENTER, 2018 END-OF-YEAR DATA BREACH REPORT. - BY INDUSTRY
Industry Breaches Number of Records Exposed
2017 2018 2017 2018
Banking/credit/financial 134 135 3,230,308 1,709,013
Business 907 571 181,630,520 415,233,143
Education 128 76 1,418,455 1,408,670
Government/military 79 99 6,030,619 18,236,710
Medical/healthcare 1,632 363 5,302,846 9,927,798
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Credit Card Integration(A + Prior to v8.04)
(FACTS Prior to v9.3.1)
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CREDIT CARD INTEGRATIONA+ prior to v8.04 & FACTS prior to v9.3.1
Not PCI Compliant Credit Card information stored NOT PCI
compliant No secure area to store credit card
information for repeating customers Information keyed was stored in ERP
No secure way to determine preauthorization
No secure way to assign credit card or token needed for transaction prior to shipping
EMV chip reader is not integrated
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A+ Credit Card Integration(v8.04+)
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A+ CREDIT CARD INTEGRATIONVERSION 8.04
CenPOS APIs
Multi-merchant capabilities
Tokenization – never expose the card number
Level III transmission data
Provides more detailed transaction info
Potential lower fee rate
Preauthorization (Book and Ship)
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FACTS Credit Card Integration(v9.3.1)
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FACTS CREDIT CARD INTEGRATIONVERSION 9.3.1
CenPOS APIs
Multi-merchant capabilities
Tokenization – never expose the card number
EMV Terminals
Level III transmission data Provides more detailed transaction info Potential lower fee rate
Preauthorization (Book and Ship)
Turbo Token (assigning the token at order)
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SX.e Credit Card Integration(v11)
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SX.E CREDIT CARD INTEGRATIONVERSION V11
CenPOS APIs
Multi-merchant capabilities
Tokenization – never expose the card number
Level III transmission data Provides more detailed transaction
info Potential lower fee rate
Preauthorization (Book and Ship)
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Positive Impact of Accepting Credit Cards
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ACCEPTING CREDIT CARDSPOSITIVE IMPACT ON YOUR BUSINESS
Customer Service Customer’s Preferred Method of Payment Ease of completing a transaction with a Token on File. Competitive leveling of the playing field
Partial elimination of providing internal credit checks and limits.
Reduction in Accounts Receivable Collection efforts.
Build Banking relationship and Line of Credit Opportunities
Improve Cash Flow
National Presence – Small Business Saturday
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Payment Card Industry Compliancy
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PAYMENT CARD INDUSTRY COMPLIANCY WHAT YOU NEED TO KNOW TO BE COMPLIANT
Payment Card Industry Data Security Standards (PCI DSS)
• Building and maintenance of a secure network and system
• Cardholder data protection• Ongoing vulnerability management• Access control• Ongoing monitoring and testing of utilized networks• Policy documentation
Point-To-Point Encryption
Understand Your Merchant Agreement
Yearly Third-Party Audits
Fraud Insurance Coverage
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Concluding Thoughts
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CONCLUDING THOUGHTSFROM THE INFOR EXPERT Personally Preventing Identify Theft
Establish Credit Fraud Alerts which require additional verification steps
Apply Credit Freezes which prevents anyone from accessing credit reports
Businesses Data Breach Prevention
Upgrade Operating Systems and infrastructure to the most recently released version
Subscribe and or administrate a managed services program which includes routine application of security patches
Implement Credit Card processing equipment and application software that adheres to the Payment Card Industry (PCI) compliancy standards
Work with the Banking and Insurance Industries to monitor and test PCI compliancy on a scheduled basis
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Current Infor ERP Release
Mobile Sales
Processing Warehouse Mgt
RF/Barcode
DocumentMgt
iReporting
iAnalytics
Avalara Sales Tax
EDI
CenPOS Credit Card
Responsive eCommerce
/Content Manager
CRM
Shipping Logistics
Extended Ecosystem• Gain functionality that upgrading
to the current release can’t provide
• Current release as the hub
• Industry Best of Breed Integration• Adherence to tax law changes
• Credit Card Compliance
• Growth objectives
• Vendor/Customer requirements
• Availability of historical data
• Cost savings
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CenPOS Solution OverviewInfor Distribution ERPs
CenPos Enterprise:• Secure cloud-based solution
• Designed specifically for the distribution industry
• Unparalleled control over orders & payments
• Helps distributors operate more profitably than ever before
• Manage everything from order entry to inventory management
• Fully integrates into Infor Distribution ERPs delivering end-to-end payment capabilities
• Builds custom solution that maintains your current banking relationship
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Questions?
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Gary KirsteinPractice Manager, FACTSPhone | 412.515.0496
Email | [email protected]
Want to Learn More?
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Thank You!