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January 15, 2007

INTEGRATED CREDIT AND DEBIT CARD PROCESSING FROM TENDER RETAIL


Stream In Technologies has successfully deployed the Merchant Connect Multi (MCM) card processing solution from Tender Retail Systems integrated into its ADMITS Ticketing POS system.  MCM is an industry leading Debit Card payment processing application that additionally provides another Credit Card processing option to Admits clients.  Using TCP/IP based communications, the average turnaround time for both types of card transaction authorizations at client sites has been 3 seconds.


This performance combined with all card processing functions being fully integrated into the POS has dramatically improved the time to process a sale resulting in shorter lines and an improved visitor experience. 


Stream In Technologies has initially partnered with Chase Paymentech and certified the end-to-end solution on their platform.  The on-line and hard copy reporting they provide facilitates timely and simple reconciliations when combined with the reporting directly available from the Admits application.


 


Chase Paymentech Solutions, LLC, (www.chasepaymentech.com) is the world's largest merchant acquirer accepting payments at the point of sale, hospitality, internet, retail, catalogue and recurring billing.


Tender Retail (www.tender-retail.com) is Canadaís largest integrated payment software systems company, holding 70 per cent of the market for software systems allowing debit card, credit card, gift/loyalty, pre-paid phone cards, money transfer, and cheque payments via a single integrated system.  Tender Retail operates in both Canada and the United States.