Credit Card Acronyms
ACH Payments by the Numbers
PaySimple Images
Customer-Centric Features
Recurring Payment Practices

100

AMEX
What is American Express?


NOTE: PaySimple enables you to process American Express as well as Visa, MasterCard, and Discover credit card transactions.

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100

55 cents
How much does PaySimple charge to process a single ACH transaction?

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100

What is the PaySimple logo?

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100

Customers Table
Where can you find a complete list of all Customers in your PaySimple system?

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100

Recurring Billing and Payment Plan
What are the two types of recurring payment schedules supported by PaySimple?


NOTE: Recurring billing schedules debit your customers the same amount each month for the duration you set, Payment Plan schedules debit your customers based on a total amount due and a set number of payments, until the balance due is paid-off.

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200

MOTO
What are mail order and telephone order transactions?


NOTE: All recurring billing transactions are MOTO, and PaySimple's systems are designed to offer the lowest possible rates for them.

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200

R01
What is the ACH Return code for a transaction that cannot be processed due to insufficient funds?

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200

Where is the CVV2 code?

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200

View Customer Screen
Where can you find a snapshot view of a single customers' most recent payments, payment schedules, invoice, and invoice schedules?

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200

Semi-Annually
What is a schedule that executes a payment twice per year?


NOTE: PaySimple supports schedules that run daily, weekly, every-other-week, the first of the month, the last of the month, a specific day of the month, quarterly, semi-annually, and annually.

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300

PCI DSS
What is the Payment Card Industry Data Security Standard?


NOTE: The PCI DSS provides the security standards by which all companies that store, process, or transmit credit card numbers must adhere. PaySimple is a PCI Certified Level 1 service provider, which means an independent auditor assesses our compliance with the PCI DSS each year.

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300

R10
What is the ACH Return Code for a transaction that your customer claims was not authorized?

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300

What is the Customer Portal log-in screen?

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300

Customer Portal
Where can your customers log-in to view their payment an invoice history?


NOTE: Each PaySimple merchant gets their own co-branded Customer Portal.

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300

Custom First Payment
What is the first payment made on a recurring payment schedule?


Note: Custom first payments enable you to create a schedule that debits your customers one amount, on a specific date, and then the recurring amount on the schedule you set.

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400

CVV
What is the card verification value?


NOTE: Called CVV2 by Visa & MasterCard, CID (card identification number) by American Express, and Cardmember ID by Discover, the CVV code is never stored and when provided by a customer when making an online or MOTO transaction provides proof that the customer has the card in hand.

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400

R02
What is the ACH Return Code for a closed account?

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400

What is the PCI DSS logo?


Note: PaySimple takes security very seriously. That is why we are audited yearly to document our status as a PCI Certified Level 1 Service provider.

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400

Customer ID
What is the unique identifier used for each Customer in your PaySimple system?


NOTE: The Customer ID is unique in the entire PaySimple system. Thus, it is an ideal Key to use when importing/exporting PaySimple activity into external systems.

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400

Better Cash Flow Management
What can utilizing recurring payment schedules help your small business achieve?

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500

AVS
What is the Address Verification System?


NOTE: AVS is used to match the billing address provided by the customer with the address on file for the credit card. It is just one of many available fraud prevention measures available to PaySimple merchants.

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500

$2.50
How much does PaySimple charge for a Returned ACH transaction?

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500

What is the NACHA (National Automated Clearing House) logo?

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500

Customer Import
What PaySimple feature should you use to transfer your entire customer list from an external program into PaySimple?


NOTE: You can import customer information as well as one credit card account and one bank account for each customer.

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500

2 years from the last scheduled payment
How long must you retain proof of authorization for an ACH recurring payment schedule?

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