(SMH) Acyonms
This electronic network, often used for direct deposit and online bill payments, lets you move money between bank accounts with ease.
ACH
These businesses manage and facilitate payment transactions between merchants, customers, and financial institutions, ensuring seamless and secure
transfer of funds.
Payment Processors & Acquirer
(Fiserv / Worldpay)
The user was just prompted to input the transaction total amount into the Upside app. This retailer is using…
PwGC or 3P
Bigger bills are better, but overcoming the psychology of receiving those bills has been a challenge.
No Invoices
If a retailer wishes to view which costs were deducted from their payout, where can they find that information?
Settlement report
Refers to the software that facilitates connections between digital wallets and brick-and-mortar merchants
APM
This technology acts as a bridge between a merchant's POS system and various payment networks, facilitating secure and seamless transactions
Gateway
The user just tried to use the Upside Pay barcode from their transaction two days ago but couldn’t complete the transaction. This is because Upside Pay uses….
Single use gift cards
High cost incurred by the retailer to make good the loss on a fraudulent or disputed transaction.
Chargeback costs paid by Upside
Because of the timing of our incremental measurement calculation, we include these fees from two weeks prior in the settlement.
Program fees or profit sharing/promotion costs
The company that created the technology such as Storeline and Encor provide technology solutions for businesses, including point-of-sale systems, ATMs, self-service kiosks, and software services.
NCR
(For double points, what does NCR stand for?)
What are the 3 gift card programs we currently use at Upside?
Valutec, Premier, & ValueLink (or First Data)
The user makes the choice to redeem their offer by uploading the receipt rather than using Pay. The user is going through this user flow…
Multimodal
Receiving instant cashback and driving a better experience for Upside users.
Increasing top line revenue
If the retailers claims they have a lower processing rate they must provide settlement reports for what period of time to prove for Upside to match…
Last 6 months
A common 3P IT company Upside works with
RDS
These entities oversee the global networks that process electronic payments, ensuring smooth transactions between cardholders, merchants, and banks.
Card Associations (Mastercard/Visa)
It's October 2024, the user just returned an item and received a refund credited to their credit card. This is because Upside has partnered with…
Citcon
Retailers pay processing fees as high as 3.5% and up to $100 in chargeback fees. We lower those costs by charging them ___% and $____
2.78% & $0.10
___ % is combined with our Debit/Credit blended card rate to account for chargebacks
0.33%
The strong relationship with these partners will help Upside by offering implementation expertise, troubleshooting support, and building industry-wide trust.
VAR
Upside is responsible for net settlement but currently relies on this industry leading processor to deposit net settlement.
WorldPay
The user is protected from an Upside security breach because Upside doesn’t hold any of the users credit card data. This is because Upside uses…
Tokenized payments via stripe
Branded screens create a personalized experience for every transaction. Instant cash back creates a memorable experience at that location. These combined ultimately lead to…
Loyalty Conversion
The net settlement settlement reporting for multimodal is broken into what 2 categories?
Proof of purchase & Pay