Products and Services

Parallel Solutions is an innovative payment processing solutions provider created for businesses that sell goods and services directly to consumers via the Internet, Direct Response (Satellite Radio, Traditional Radio, DRTV, and Print), Multichannel Retail, Membership-based Businesses, Continuity Based Programs, and general eCommerce. Our core focus is to provide transaction processing and consultative merchant services for both card-present and card-not-present customers. Below is a list of products and services that we can facilitate for our merchant customers.

Please contact us to find out more about our products and services – Click Here

Domestic Credit Card Processing

Parallel Solutions offers US based merchants domestic merchant solutions. We have partnered with 1st tier processing partners to offer a wide range of merchant account payment processing solutions for your growing business. Whether you need a retail brick and mortar merchant account, online e-commerce merchant account, or mail order/telephone order (MOTO) merchant account, Parallel Solutions is your credit card payment processing solution.

Offshore Credit Card Processing

Parallel Solutions has the bank relationships in place to offer you a dedicated or sponsored merchant account through our partners in the European Union and the Caribbean region. Payments are reliably made directly by the bank to the account of your choice. In most cases, merchant account setup can be completed in as little as 3 weeks. Once you are approved, you will be able to accept several different types of credit cards.

Check Processing

ACH-Would your business benefit from accepting the most used method of payment in the U.S? Parallel Solutions makes it easy to accept checks from anyone, anywhere, anytime. Our ACH product uses the Federal Reserve’s Automated Clearing House (ACH), also known as Electronic Funds Transfer (EFT), to process checks received through your web site. Our ACH product integrates seamlessly with your shopping cart or web site payment page. All of this is done on Secure Servers (SSL Encryption) and each account is pass code protected for maximum security for you and your customer.

Check 21

The creation of full, exact check images from payment data entered at a merchant’s web site, processed through the Check 21 system.

Fraud Management Solutions

Our Fraud Management Solution is a proprietary approach to fraud-screening by assessing a multitude of order variables and criteria. Our Fraud Management Solution determines in real-time, instantaneously, the likelihood that the order is fraudulent. The assessed variables include, but are not limited to, location of order originator, type of proxy used, valid customer address and phone number verification, computer-fingerprinting and numerous other criteria using our Fraud Management Solution Artificial Intelligence (AI) that address known-fraudster behavioral patterns.

Working Capital

Need money for inventory, cash flow, expansion or advertising? Want to avoid a lengthy loan process with hidden fees and no guarantee of approval? We offer a unique kind of funding to retail, restaurant and service businesses. In essence, we will “buy” a small, fixed percentage of your future credit card revenues, and advance that money to you up-front. We do not put any restrictions on how you use the money. You pay it back from your future credit card sales. We can fund anywhere from $5000 up to $250,000 in as little as 7 days.

Marketing Solutions

Parallel Solutions has a unique approach to attracting new customers, driving additional sales and taking market share from competitors in your community. Our partnership is designed specifically for growing businesses just like yours Here’s how it works…

We partner your business with the loyalty programs of nearby financial institutions. We’ll promote your business to hundreds of thousands of area credit and debit cardholders who we know are spending, based on their purchase behavior. This is a much more efficient approach than other forms of advertising. You’ll gain a powerful new marketing channel that leads to new customers and additional sales, without breaking the budget.

We help you create an offer that will attract new customers. It usually takes the form of a cash back reward when a customer uses his or her credit or debit card at your business. Everything is automatic and taken care of, all you do is ring up the sale as usual! The offer can be tailored to attract new customers and reward your most loyal clients.

We’ll promote your business where it will work. We’ll provide free, in-store marketing materials and put your message directly in the hands of cardholders through monthly online and offline promotions, including email, mobile, statements and more.

As you grow, so can the program. The beauty of being this program is highly effective at driving additional purchases, easy to measure, and can be adapted and scaled for your needs over time.

The best part… there are no up-front fees or risks. You only pay the cash back reward when people have bought from you, so you see an immediate, real-world return on investment.

Gateway Processing Solutions

Processing card present (Retail) and card not present (eCommerce & MOTO) transaction has never been easier. Parallel Solutions provides you with a custom tailored gateway solution that allows transactions to be sent to the processing company via a safe and secure internet connection. Some of the features of the technology are:

• Virtual Terminal – Authorize, process, and manage credit card and check transactions from any computer that has an Internet connection and a Web Browser.
• Card Present Technology – Our solution dynamically allows you the option of processing transactions in a card-present environment through the use of a MagTek card reader.
• Batch Upload Processing- With batch upload processing you will be able to you charge your customer’s cards or checking accounts in one step. This will allow you to manage your monthly customer’s accounts in the most efficient manner possible.
• Electronic Check – Our Electronic Check payment solution enables you to accept and process electronic check payments directly from your location or through a central processing area utilizing the Virtual Terminal. By accepting electronic checks, you are able to expand the payment options available to your customers and increase sales while decreasing your cost of processing payments.
• Recurring Billing – Allows you to create a recurring charge on the customer’s card to bill your customers monthly without any further involvement from your accounting department.
• Multi-Level Access for Employees – This feature allows you to tailor the amount of access each employee has to payment processing information.
• Reporting – Our system allows you total access to your transaction processing information including batch, transaction, deposit, chargeback and retrievals. We have the ability to link together multiple Merchant Identification Numbers (MID’s) as well as multiple locations. This will allow you the ability to view a summary of all MID and location activity or a specific MID or location from the same interface anywhere in the world with an Internet connection.
• API Integration – Finally, with our API Integration solution you will utilize the highest level of secure transaction infrastructure available. Our API uses secure sockets layer (SSL) digital certificate technology to connect securely and directly between your locations and our payment network. Our engineers will work with any software provider to ensure full integration of our gateway into their software for a totally seamless experience. In addition, if you integrate your software with our solution, we will pay you. We have created an additional revenue stream for you, our partner, through our Referral Partner Program.

Recurring Billing

Our Recurring billing platform allows you to set up a billing program that is both scalable and customizable to match your collection needs.

Merchants operating in a card not present environment can streamline payment acceptance and processing through automation. Merchants can store payment information and schedule payments through the recurring billing platform. Through tokenization consumer payment information is stored in a PCI compliant environment, reducing the risk associated with traditional card on file transactions.

Electronic Bill Presentment & Payment (EBPP)

Our Electronic Bill Presentment and Payment (EBPP) platform eliminates the cost associated with traditional paper based billing and streamlines the collections process for billers and consumers alike.
CenPOS EBPP eliminates hidden costs such as: paper, ink, postage, human resources, cost of money due to float time, and more. EBPP also makes the record keeping and reconciliation process more efficient, preventing embarrassing issues like double billing or late charges on paid invoices.

Consumer satisfaction is key to the success of any business. CenPOS EBPP’s mobile solution offers a quicker, better, and more efficient way for consumers and business owners to complete transactions and manage the overall billing process. Each consumer is provided with their own unique payment portal where they have access to their payment history with a simple logon and password.

Our EBPP push solution requires very little integration and it is very light on the biller’s IT infrastructure. In most cases, the integration can be done in as little as 20 minutes regardless of the existing billing platform.

Key Features and Benefits for Merchants:

• Reduces processing time and costs of printing and distributing paper bills
• No integration required.
• Eliminates cost of postage
• Create rules for payment, including invoice expirations and discounts
• SMS Alerts
• Reduces undeliverable mail (cost and time wastage/inconvenience)
• Eliminates need for paper-based storage and retrieval
• Eliminates paper/payment handling and reduces related staffing costs
• Increases security with measurable delivery
• Robust reporting tools
• Works seamlessly with other Parallel Applications

Shopping Cart Integration

Our E-commerce solution allows you to accept payments online easily and securely while scaling to your business needs. Your customers can register multiple payment options for future use throughout the our Network.

Our payment portals integrate seamlessly into your website and do not require your customers to navigate to another page. You can use custom information fields to capture customer data aside from their payment information. Also, all transactions made through the payment portal are available through our reporting tools for easy reconciliation.

This solution is ideal for charitable organizations accepting donations, residential associations, bill pay, service payments, and any merchant who requires payment acceptance but does not require high end integration with a shopping cart.

Our ecommerce solution includes the following implementations:

We are currently integrated into Magento and Prestashop shopping carts:

Our online shopping cart integrations allow e-commerce merchants to streamline their online business while creating an easy, convenient online shopping and payment experience for their customers. The shopping cart is integrated with all other CenPOS products so you’ll have access to the same features and benefits like interchange optimization, least cost routing, our dynamic reporting system, and more.

This solution is ideal for both online businesses and brick-and-mortar stores who want to sell their products online. The shopping cart allows for easy inventory management while efficiently and securely processing customer payments. Customers can check out as guests or register and have their payment information securely stored on the CenPOS payment network.

Mobile Payment Solutions

Accept payments anywhere from your phone. Transform your device into a secure credit card terminal allowing you to accept card swiped, hand keyed and tokenized transactions.

• Receive credit card authorizations quickly and securely on the go.
• Full transactional array including: Sale, Repeat Sale, Create Token, Authorization, Force, Return, Credit, and Void
• Capture signatures electronically by having the customer sign on your Mobile Device.
• Deliver customized receipts instantly to customers by email.
• Easy enterprise level reporting that allows you to view all payment activity. Payments made through Mobile device, retail location, and ecommerce website can all be seen in one location.
• Generate credit card authorizations by either swiping a credit card, manual entry, or through the use of a token.
• Payment information is hosted and not stored on your mobile device.
• Free software and no surcharge to use any of our other products

Pre-Paid/Payment Card Solutions

Parallel Solutions offers highly convenient alternatives for sending wires and checks globally. One example is our “Dinero Card” program designed for the spanish speaking market.

Dinero cards are a low-cost, swift and secure way of organizing payments to staff and business associates, allowing funds to be available anywhere in the world within seconds. Payout cards offer companies a number of key advantages: improved budget control, less manual work, full transparency and cost benefits.

Direct Sales:

Dinero enables Direct Sales and Network Marketing companies to deliver global commission payments with a MasterCard prepaid card. Dinero’s payout solution is a cost-effective, quick, and efficient substitute to checks or wires for distributing commission payments to direct sales agents, representatives and members around the world.

Affiliate Payments:

Dinero also helps web-based businesses pay affiliates around the world, efficiently and securely, direct to a prepaid MasterCard® cards. Cardholders receive their funds immediately, avoid excessive bank charges and hassles, and can use the card to spend or withdraw money in their local currency anywhere MasterCard debit cards are accepted. Unlike conventional payment methods, no bank account or credit history is required.

• Rapid deployment - solution requires minimal resource for implementation
• Efficiency - eliminates administrative hassles of cutting checks, sending wires, tracking payments, re-issuing lost checks, etc.
• Immediate access to funds - commissions available in minutes vs. weeks, anywhere in the world
• Convenient - access commissions in local currency, eliminates hassles, trips to the bank, no bank account required
• Flexibility - withdraw funds at ATM’s or use for purchases at millions of locations where MasterCard debit cards are accepted worldwide

Dashboard

Our Dashboard reduces the cost associated with legacy reporting systems, which provide limited to no information.

Users can create customized reports to help with daily back-office and bank reconciliations as well as internal and external audits.

Key benefits for your business include: