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 |
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.
Learn More
Read more on our blog!
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