Secure payment processing is a must have for recurring revenue business models. To maximize revenue and speed time to cash, many companies offer several options for customer payment.
TRACT includes several payment processing options including automatic and manual, recurring, pay-as-you-go and one-time payments. The platform is PCI DSS Level 1 compliant and ensures full security and encryption of end-customer’s financial data.
The payment processing capabilities within TRACT can do the following:
- Invoice and accept payments in a variety of global currencies.
- Process wire transfer, credit card, ACH, PayPal, cash and check payments
- Apply payments to invoices automatically or manually
- Import lockbox files for cash or check payment processing
- Cancel payments, refund credit cards and apply credit adjustments
- Automatically apply payments on invoices coming due
- Validate credit cards on file prior to processing payments for infrequent charges
- Report errors on payments
TRACT is pre-integrated to several major payment processing companies.