[ic] Bank of America(BofA)/VeriSign Payment Gateway

Jim Balcom interchange-users@interchange.redhat.com
Thu Sep 27 20:40:01 2001


On Thu, 27 Sep 2001, Peter Yoo wrote:


WARNING: This information may be totally useless to you.

PY>>I've tried to use VeriSign Payflow Pro to do the CreditCard(CC) transactions
PY>>on my site and at the last minute, I find out that I have to have a VeriSign
PY>>Payflow Pro account as well as Bank of America(BofA)'s Merchant Services.
PY>>This means that I will be paying two places to get my site to accept CCs.
PY>>I was able to get my site working with VeriSign test server just fine, but
PY>>when I try to activate my Payflow Pro account VeriSign Support person told me
PY>>to get Vital Processor Number, Acquirer ID and Merchant ID from BofA and BofA
PY>>told me that I have to have BofA's Merchant Service to get those numbers(?).
PY>>
PY>>Is that right?  or am I just mis-lead by some vendors?
PY>>
PY>>If this information is correct, here is what I'd like to find out:
PY>>
PY>>BofA has its own Merchant Services which I believe that I can use with IC.
PY>>Has anyone done this with IC4.8.x?  Is there any document how to get BofA's
PY>>Merchant Service intergrated with IC4.8.x?

I used to have my Merchant Account with Echo. I used a terminal with them.
Thery did all of the processing and put my money In First Charter Bank.
First Charter neither charged me for the account, nor did they pay me
interest. Echo charged me assorted fees.

A year ago I moved my merchant account to First Charter. They depend on EDS
for all of the back room work. My terminal connects to EDS. I bought
CyberCash (ICVerify) last spring. My POS system interacts with ICVerify.
(I've not yet chosen to let all of this work automatically. I prefer to stay
in close touch with my customers.) My POS uses ICVerify to call EDS, present
the information, get the reply and inform the POS of the response.

EDS puts the money directly into my First Charter Account. EDS does not
charge me anything. Rather, they have the bank charge me assorted discounts
and fees.

My point is that I strongly doubt that you need Verisign for this. As far as
I know, ICVerify will work directly with Echo, as well as EDS. You get your
approvals from them, they collect the money and put it into a bank account
of your choice.

I suggest that you find a place that will set up a Merchant Account for you
that is using a processor that will accept your CyberCash calls for
transactions directly. If you want, you can e-mail me privately and I'll try
to find phone numebrs for you for both ECHO and First Charter.


-= Jim =-

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