VeriFone Releases PCCharge Version 5.8.1

VeriFone releases version 5.8.1 of PCCharge, its PC-based payment processing solution which is suited for standalone or integrated environments. PCCharge version 5.8.1 includes the following updates: 

• Added ability to process FSA/HRA transactions: Recent initiatives from the IRS will require many businesses to have the ability to process FSA (Flexible Spending Accounts) and HRA (Health Reimbursement Arrangement) transactions. These new initiatives provide consumers with greater spending flexibility and reduced paperwork, while also giving merchants the ability to increase customer loyalty and consistently identify FSA/HRA cards. PCCharge processing companies with FSA/HRA support added: Chase Paymentech (GSAR), Elavon (NOVA), Fifth-Third St. Pete (BPS), First Data North (CES), Heartland Payment Systems (HPTS), Tandem (NPC), and TSYS Acquiring Solutions. 
• Added support for Chase Paymentech Pre-paid Processing: If a gift card or pre-paid card does not have the available balance for the total transaction amount during a purchase, Chase Paymentech will now allow for the difference to be processed via an additional tender type. This feature is configurable within PCCharge. 
• Added support for Tandem (NPC) Discretionary Data Processing: This feature gives merchants the ability (optional) to add three lines of descriptive data to a transaction while it is being processed. This data is stored by PCCharge and transmitted to Tandem at the time of transaction settlement; it can be used for reporting and to help identify a transaction during payment renconcilation. 
• Updated "Last Valid Year" date configuration: In the system configuration settings, the "Last Valid Year" setting has been updated. This setting now allows for the selection of dates of up to 2020 (to accommodate for credit cards with expiration dates greater than 2012). 

VeriFone's PCCharge turns any PC or PC-based POS system into a secure payment-accepting and processing device without interfering with other programs. PCCharge is a cost-effective solution for all business types, including brick-and-mortar merchants, e-commerce, MOTO, and QSR/restaurant. It supports a wide range of peripherals, making it easy to accept all payment types including credit, debit, EBT, checks, stored value/loyalty, purchasing cards (level II), Interac (Canadian) debit, and more. PCCharge is a PA-DSS validated solution that features many security safeguards and anti-fraud controls. Through its use, merchants are one step closer to achieving PCI (Payment Card Industry) compliance and protecting their business interests.