Tell Me About ... Card Present Processing

Modified on Thu, 18 May 2023 at 04:37 PM

Overview

Passport’s Card Present Processing feature enables you to use Passport Payments to manage, view, and reconcile transactions made at certified physical point-of-sale devices (e.g., meters and pay stations). By consolidating both digital and physical transactions into a single platform, you can streamline operations, gain valuable insights, and reduce costs across your operations.

What Is Passport Payments Card Present? This stand-alone payments option provides any hardware vendor certified to our backend settlement platform with the ability to submit authorized transaction batches to Passport for processing. It will allow Passport to support third-party POS device processing and settlement capabilities for Card Present (CP) Meters and unattended kiosks and extend partner opportunities via MID share.

Benefits

Better efficiency through daily settlement and automated reconciliation options
Significant savings and increased cash flow while reducing processing fees by up to 50%
Flexible pricing and numerous payment options
Improved staff and customer experiences with efficient reporting

What do settlement and funding look like?

The Card Present Processing feature will be able to support Daily and Monthly settlement.

Note: Settlement is the transfer of value from the cards used to purchase a parking session to the clients’ merchant bank account (managed by Passport).

Each day, via Worldpay, Passport collects the total credit and debit card purchases (settlement), removes the card network and merchant processing fees (net settlement), and transfers the net settlement funds to the client’s merchant bank account.

The Settlement process typically takes 2-3 days to complete. For example, Daily Settlement clients would receive transaction activity from Monday (5/1) on Wednesday (5/3).

Note: You can choose to receive settlement on a weekly or monthly basis. Weekly and monthly settlement options will accrue into Passport’s reserve settlement account under the same structure as daily. Funding to the you will occur at a mutually defined date.

Reports

Each of these reports enables you to locate records and cross reference with your existing information. All reports provide the ability to use filters to narrow search results, schedule report, and download.

Settlement Period Summary - Third Party

The top section of the page displays the summary of aggregated results, while the bottom section of the page provides a summary by day.

Note: Each section exists as its own report, so you would need to download the aggregated summary and the daily summary separately.

Note: The Summary Date field displays the transaction date (not the payment date).

Fields

Summary by Month

Column Name	Column Description
Summary Month	Month the aggregation covers Format: YYYY-MM
Operator Name	Operator Name
MID	Merchant ID
Net Settlement Amount	Format: $XXX.XX
Gross Revenue	Total parking payment amount + service fees Format: $XXX.XX
Payment Fees	Fees charged to merchants for processing credit card payments Format: $XXX.XX
Refunds	Format: $XXX.XX
Chargebacks	Format: $XXX.XX
Transaction count	Total number of transactions for time period of report Format: XXX

Summary by Day

Column Name	Column Description
Summary Date	Transaction date ( DD/MM/YYYY)
Operator Name	Operator Name
MID	Merchant Identifier
Net Settlement Amount	Net Settlement amount = Gross processing revenue - merchant processing fee - gateway fee - refund amounts - dispute amounts
Gross Revenue	is the total Parking payment amount + Service fee {if exist}
Payments Fees	fees charged to merchants for processing credit card payments
Transaction Counts	Total number of transactions that occurred during the filtered date range
Refunds	Total refunds for all payment types
Chargebacks	These are the disputes that Passport payments team pulls from Finix/WP
Refund Count	These are the refunds that come in through our Processor
Chargebacks Count	The number of chargebacks

Third Party Payment Processing Daily Transaction Report

This report provides access to daily transactions in order to improve your reconciliation abilities.