Simply put, IMS provides payment processing solutions to small to medium business. So, you’re able to accept credit and debit cards, issue and redeem gift cards, and accept check payments – whether you have one location or many; conduct business online over the phone or in-person; any day of the week and every hour of the day or night.
But there’s more to it than that. IMS also understands all the elements that are necessary to make our solutions work for you. That’s why we keep it simple, with the ability to:
- Accept all major credit cards – Visa, MasterCard, Discover and American Express – and debit cards
- Allow customers to pay by personal check - without risk
- Offer gift cards – and redeem them
- Save money – by eliminating all the standard industry fees
- Know what you’re paying for – by showing you your costs and ours
- Contact IMS any time – to ask questions about your service, your equipment, your costs or special needs you may have
- Take advantage of exclusive IMS programs
- Visa, Mastercard, Discover
- American Express
- Debit
- Check
- Gift Card
How card processing works.
The process for using a credit card is simple:
1. Card Information is Captured -- The customer presents the credit card for payment and the merchant slides it through the IMS credit card terminal and enters the sale amount using the keypad.
2. Transaction is Authorized – In an instant, the information is sent to the IMS payment processing system, which verifies the card number and amount with the bank that issued the card.
3. Sale is Completed - The bank sends back an approval or decline and the information is sent to the merchant terminal, which automatically prints a receipt for the customer to sign and the merchant to keep – as well as an additional copy for the customer.
4. Transactions are Settled – At a specific time each day, the merchant settles the transactions by “batching out” the terminal. This sends the information to IMS, which submits the transactions to the banks that issued the cards for payment.
5. Payment Is Made – IMS electronically deposits the funds directly into the merchant’s designated account within 24 to 48 hours of the customer’s purchase.
It’s just that simple. And with IMS, you not only get your money faster, you also pay less to be able to offer this convenience to your customers. Good for you. Good for them. Good for us.