The Trinity System is an online credit card processing gateway that provides a lot of flexibility for any type of business taking payments. One way in which this system can be used to maximize efficiency and increase revenues is through its different automation systems. In this post, we will go over some these systems and how one can implement them in a real world setting.
Why Is Automation Important?
In today's fast paced consumer world, automation has become increasingly important for businesses of all types and sizes to stay competitive. For one, automation reduces the time it takes to get paid, which increases cash liquidity. It also reduces processing cost, because automating transactions eliminates the need for manual key entry or management time to correct entries. This also reduces keying errors which can result in improper AVS passes and higher rates.
Token-Based Gateway
The first fundamental aspect of Trinity to understand is that it is a token-based system. Essentially, what this means in laymen's terms, is that when the Trinity System takes in a credit card number it encrypts it and then creates a 'token' to represent that number. Once the token is created, it can then be passed any which way for automated payments. This allows for easy automated recurring billing, instant re-charging/refunding and much much more.
Recurring Billing
For those businesses with subscription services or membership payments, Trinity's recurring billing functionality provides for simple to very complex automation. One can either manually key in the settings or have them initiate through the Trinity API (more on this in a bit) for one's website, POS System or mobile application. The massive flexibility of Trinity's recurring billing framework allows merchants to set up payments in any way imaginable. From simple monthly charging on the first of the month to exotic billing structures based on certain dates or group packages, Trinity can handle and quickly automate any type of recurring payments in seconds.
Trinity's Free API
Trinity's manufacturer, PayJunction offers its API for free on its support page. This allows any developer to integrate the Trinity System into their customized application, website, POS system, etc. Because Trinity is token-based, developers can use the API to be very inventive with how they automate payments. For example, gyms can swipe the member's card on their first visit and, depending on the settings, have the system automatically kick in the recurring monthly payment schedule. Even more inventive, brick and mortar stores can place QR codes on their inventory that point customers to the store's website where the customer can instantly order additional merchandise or an out of stock item. Trinity's flexible API has infinite capabilities.
Automate Transactions Directly Into Accounting
By processing credit cards online vs a standard terminal, the accounting process can be automated to save time and money. With Trinity, there is a batch/history section where all transaction data can be quickly searched, viewed and exported for reports. The payment data flow goes from the point of sale directly into accounting, thus decreasing man hours and employee cost.
Consolidation Of Payment Vendors
One last important aspect of automation is in regards to the consolidation of payment vendors. For example, if a merchant has a credit card vendor, a check vendor and an online gateway vendor, there could be three vendor contracts and multiple Payment Card Industry Data Security Standard hoops to jump through, whereas with a full service vendor like PayJunction all payment solutions are managed under a single platform. This sort of automation can save hours spent on accounting, security and integration.
Summary
In conclusion, automation is a very important tool for any business in today's fast-paced consumer market. It is important to work with a company and product that provides the utmost in automation options. We feel that PayJunction and the Trinity System are currently on the top of the list for that. Contact us today for more information. We set up merchants of all kinds with the best deal online for the Trinity System.
