Instant access to your funds
RCS has added real-time credit card processing to all of its registration systems. This process is designed to acquire authorization as well as deposit the money into the client's account, all in one process. Until now, all credit card processing has consisted of gathering the user credit card info while they register and then processing it at a later time. This process was done in either a batch mode or on an individual transaction basis. Now, the process of obtaining authorization as well as processing the actual charge happens all at once, at the time of registration.
"We have built our system around Verisign payment processing," says Jim LeCroy, Vice-President of Development. "We have found Verisign to be very reliable and robust. Once the client's bank and credit card processor are Verisign ready, we can begin taking charges. This process can usually be set up in just a few weeks."
"By being able to handle all credit transactions in real-time, we are providing our clients with a real value added service," says Dan Zumtobel, Vice-President of Sales & Marketing. "Not only are all of the credit card charges valid and approved, the transactions are deposited on a daily bases to our client's accounts. Our clients now have their money, on a far more timely basis, not to mention working for them rather than sitting in the credit card company's account."
All financial and reporting needs are also met when using the RCS systems. "When our clients are utilizing our automated, web based reporting services, they have immediate, real-time access not only to their registration data, but also to all of the financial data," says Gary Palmer, Vice-President of Operations.
"Whether the registration data comes via the Internet or on a registration form and entered manually at the client's locale or at RCS, all credit card processing is done with this system. We feel this is the most effective way of handling credit card transactions," says Dan Zumtobel. "We have taken the time and dedicated the necessary resources to make this happen. I recently used a credit card to register for a meeting. I accidentally used a card that had expired. The Registration Company contacted me regarding the charge AFTER I had received my credentials! This can't happen when using our system. If authorization is declined, the user is instructed to try another credit card or to call us."