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FOR IMMEDIATE RELEASE:
Great Rates for Credit Card Processing
CONTACT:
Captain Mark A. Ritchey
Element Aviation Payment Services
Office: 770-632-2773
Fax: 866-920-1928
Email: sales@elementaviationps.com
Website: www.elementaviationps.com
Element Aviation Payment Services Announces True Pricing Program to Make Flying More Affordable
Atlanta, Georgia, July 3rd, 2008 – In an effort to help make general aviation flying more affordable Element Aviation Payment Services is now offering True Pricing to general aviation merchants in the United States.
By using Element’s exclusive True Pricing program to process a Visa or MasterCard transaction Element Aviation discovered that it could reduce a merchant’s monthly credit card processing costs compared to conventional pricing programs. Most merchant services providers use the three tiered pricing structure that places transactions into one of three categories and then charges the merchant an expensive surcharge per transaction. Under the True Pricing program, the actual Visa and MasterCard charges for processing are passed through to the merchant, without the costly mark-up. With True Pricing the merchant can see exactly how much it costs to process each transaction. This exclusive pricing program will help general aviation merchants reduce their monthly processing costs and allow them to pass on the savings to their customers. “With aviation fuel costs increasing daily it is a joy for us to be able to offer general aviation merchants these significant cost savings.” said Captain Mark A Ritchey, owner of Element Aviation Payment Services.
Element Aviation Payment Services is proud to be an Independent Agent and Authorized Partner of Element Payment Services an innovative leader in the bankcard processing industry. Element’s leading edge technology now offers merchants the ability to process credit card transactions anywhere in the world with the Element Express Virtual Terminal. Captain Ritchey is an active FAR PART 121 Airline Pilot and a member of the ALPA, AOPA & EAA. He is also an accomplished Airline Transport Pilot, CFI, and AGI with over 12,000 hours of flight time. For more information about Element’s “True Pricing Program” please visit our website at www.elementaviationps.com or call Mark Ritchey at 770-632-2773 for a free brochure.
About Element Payment Services, Inc.
Headquartered in Phoenix, Arizona, Element Payment Services Inc. provides fully integrated transaction processing solutions to merchants through partnership with leading business management software providers. Engineered using service-oriented architecture, Element’s Express Processing Platform allows for easy integration and supports credit and debit card, ACH and check solutions for its 30,000 merchants.
Processing $4 billion in annual transaction volume, Element’s secure, innovative and reliable payment solutions allow its customers to easily comply with industry security requirements such as PCI DSS, PA-DSS (PABP), significantly reducing the risk of a cardholder data breach. For more information call 1-866-435-3636
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News Release
FOR IMMEDIATE RELEASE
Electronics International Inc.
On June 24, 2008 Electronics International received notice that their MVP-50 Glass Panel Engine
Monitor has received TSO certification! Thousands of customers have been eagerly awaiting this
exciting news. The MVP-50 is the most complete engine monitoring system on the market, with the
ability to monitor over 50 different engine functions. Electronics International has taken certification of
the MVP-50 seriously, just recently hiring an FAA specialist to help hurry along the MVP’s STC process.
EI is hoping to receive STC on the unit in approximately two-three months. In the meantime Electronics
International is contacting several OEM’s to get the unit placed in aircraft all over the United States. If
you’ve already purchased an MVP-50 prior to TSO certification, EI will support their customers by
upgrading the unit to a TSO version, free of charge.
Electronics International has been manufacturing engine monitoring systems for nearly 30 years. The
style, accuracy, reliability and special features are apparent in all of EI’s instruments. EI has designed
and manufactures over 30 models of unique instruments. All EI products are designed and
manufactured in the United States. The company quickly became known for their outstanding support
and customer service, and has held steadfast in its commitment to their customers. Give EI a call to find
out more about their newly TSO’d MVP-50!
Editor note:
If you need any additional information, would like to run an article on this exciting instrument, or need
additional photos please don’t hesitate to email me.
Thank you.
Mike Roberts
Special Projects Manager
Electronics International Inc.
63296 Powell Butte Hwy
Bend Oregon 97701
Mroberts@buy-ei.com
www.Buy-EI.com
Phone: 541-318-6060
Fax: 541-318-7575
News Release
FOR IMMEDIATE RELEASE
How to Reduce Your Risk of Internet Sales Fraud
Element Aviation Payment Services is dedicated to helping general aviation merchants save money on their Visa and MasterCard credit card processing fees.
Please visit our website at www.elementaviationps.com for more information.
In today’s fast paced world, ordering products and services over the internet and paying by credit card is the preferred method – unfortunately for you the merchant, it can be a risky one. When neither the card nor the customer is physically present at the point of sale, you experience the greatest exposure to stolen card numbers, disputes, charge backs and fraud.
Remember…For retail transactions also known as “face-to-face” sales, the card and the cardholder must be present at the point-of-sale (POS), and the card must be swiped through the POS terminal for the lowest processing rate.
All sales in which the card is Not Present in person, such as over the internet, by mail or by telephone order, are taken at your own risk. Hopefully you’ll take a few minutes to review the following guidelines as this may help your business reduce its chance of suffering a financial loss due to credit card fraud.
1. Train employees to authorize every sale on the order date- Authorizations are valid for a specific number of days: Visa – up to 7 days, MasterCard - up to 30 days.
Merchandise must be shipped and sales must be deposited within these timeframes, or the authorization will expire. If your shipping date exceeds these timeframes, obtain a new authorization code before shipping the merchandise.
Remember… that a hacked credit card number will not show up as stolen and the transaction will still process to the card owners account, leaving you susceptible to paying for the charge or a chargeback!
2. Record the full credit card account number-
A Visa card number always begins with a 4 and has 13 or 16 digits, a MasterCard card number always begins with a 5 and has 16 digits. Store this information in a PCI Compliant location.
3. Ask the purchaser for both a billing and shipping address-
In other words, where is the credit card bill sent to and where do they want the item shipped to. If the addresses are different, determine whether the difference seems reasonable. Beware of international orders where you cannot verify the shipping and billing address.
4. Ask for the customer’s phone number – not as a condition for accepting the sale, but as a customer service tool-
The phone number enables you to call the customer for various reasons: to inform them that merchandise is back ordered, to request another form of payment if the authorization was declined or to verify information if the caller seems unclear about address details. Or to just check up on them to make sure they are legitimate!
5. Ask for the Visa Card Verification Value 2 (CVV2) and MasterCard Card Validation Code 2 (CVC2) number on the back of the card-
Have the customer turn the card over and read you the last three digits, which trail the account number printed in the signature panel (this is the CVV2 or CVC2 code). Note: Merchants who request the CVV2 or CVC2 code will receive a match or no match response when entering the transaction into a terminal for processing. A no match warning gives you a pretty clear sign that the credit card information is not legitimate. In other words, that three digit number is attached only to that card so if the buyer cannot supply the code they don’t have the card!!!
6. Use the Address Verification Service (AVS)-
AVS enables you to compare the billing address provided by the customer with the billing address on file at his card-issuing bank. You receive a verification code indicating a match or partial match. While this is not a guarantee against charge backs it allows you to make a more informed decision before shipping. Remember… AVS does not work for international credit card purchases.
7. Do not deposit sales until the ship date-
Visa and MasterCard regulations do not permit merchants to receive payment for sales until the goods or services are delivered to the customer. Obtain an authorization on the order date, but do not deposit the sale until the ship date. Visa transactions for custom-ordered merchandise may be deposited on or after the order date, if the merchant has informed the customer that he will be billed prior to shipping.
8. Maintain a history of fraudulent account numbers or customer names-
Store suspect account numbers and customer names in a PCI Compliant secure database to cross check when you suspect fraud.
9. Mail an order confirmation notice to the cardholder prior to shipping-
This will not prevent charge backs; however it may reduce the number of inquiries and ticket requests. Element Payment Services offers merchants the Core Management System for free with the ability to input the issuing banks BIN number and the ability to cross reference the customers billing address.
10. Request that your customer service number appear on the customer’s credit card statement-
Both Visa and MasterCard regulations permit mail and telephone order merchants to place their customer service telephone number where the merchant city would normally appear. This may help the customer recognize the charge when it appears on the statement and reduce the number of ticket copy requests and potential disputes.
Please contact Element Aviation Payment Services at 770-632-2773 for more information.
MARK A RITCHEY is a licensed Airline Transport Pilot with over 12,000 hours of flight time and the owner of Element Aviation Payment Services an Authorized Partner and Independent Agent of Element Payment Services. Element Payment Services, Inc. is a registered ISO/MSP with First National Bank of Omaha.
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