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Merchant Services

Midwest BankCentre delivers innovative, tested, and working solutions for merchants. You’ll enjoy low cost equipment, zero minimum usage charges (no “floor” on fee structure), the reliable service of our expert merchant processor TransFirst, and premier solutions, including gift cards. Plus, our team trains your team on the equipment and provides local support of all machinery. 

Enjoy:

 

ACH Processing through Transaction Central*

Our Electronic Check Conversion (ECC) turns a traditional paper check into an electronic check at the point of sale, converting it to an ACH transaction. As part of Midwest BankCentre's ACH processing and check verification process, the check writer is asked to sign a receipt authorizing the ACH and then the check is given back to the customer.

We welcome the opportunity to help you make sound decisions about which business banking products will benefit you. Contact our business banking advisors today!

*Transaction Central offered through TransFirst.    (Requires the use of Transaction Central Software)

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Credit and Debit Card Processing*

Accept credit and debit cards on the spot, over the phone or via the Web. We’ll help you set up a system based on your transaction volume. Whether you need Terminals, Mobile and Wireless options, we have the solutions to best fit your needs.

We welcome the opportunity to help you make sound decisions about how accepting credit and debit cards will benefit you. Contact our business banking advisors today!

*Offered through TransFirst

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Data Breach Security Program*

Offers merchants protection and, most importantly, peace of mind from a possible data breach. No matter whether it’s a network breach, theft of equipment or employee dishonesty, Midwest BankCentre is here to help you save the fate of a business from potentially threatening financial consequences resulting from a data breach.

As the number of credit card transactions, both authentic and fraudulent, continues to rise, you can rest assured that Midwest BankCentre is here to help provide best-in-class protection from the significant expenses that can result from a data breach with our Data Breach Security program.

Expenses from a data breach can easily amount to more than $20,000 even if the breach is only suspected. Midwest BankCentre is here to help you save the fate of your company from potentially threatening financial consequences.

We’ve Got You Covered

Many business owners may mistakenly believe that thieves and hackers only target large merchants with high sales. But data breaches can happen to any business, regardless of size. There are several kinds of breaches that can occur, including network breaches, like hacking and skimming, and physical losses resulting from employee dishonesty or third-party theft of computers or paper records. Midwest BankCentre's Data Breach Security Program provides coverage from the expenses associated with these types of losses.

Three Areas of Protection

The insurance program covers

  • A mandatory forensic audit required by the Payment Card Industry Data Security Standard (PCI DSS) when a data breach is suspected. This audit will confirm whether an actual breach has occurred and pinpoint where your system is most vulnerable.
  • Card replacement costs and related expenses.
  • PCI DSS assessments and fines levied resulting from a breach. These fines are required by MasterCard® and/or VISA® in the event of an unintended breach of confidential customer information, whether the information security breach is caused by an online hacker, a dishonest employee, or the actual theft of a computer or paper records.

We welcome the opportunity to help you make sound decisions about which business banking products will benefit you. Contact our business banking advisors today!

*Offered through TransFirst

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EMV Payment Processing

Say goodbye to the stripe and hello to the chip. EMV is the global standard for payment processing technology, and it’s coming to the U.S. EMV uses an integrated chip embedded in the card to hold all the cardholder information previously stored on the magnetic stripe, and more. And it contains advanced security technology that can help reduce data fraud!

As the number of credit card transactions, both authentic and fraudulent, continues to rise, you can rest assured that Midwest BankCentre is here to help provide best-in-class protection from the significant expenses that can result from a data breach with our Data Breach Security program.

Expenses from a data breach can easily amount to more than $20,000 even if the breach is only suspected. Midwest BankCentre is here to help you save the fate of your company from potentially threatening financial consequences.

What Can Chip-Compatible Equipment Do for Your Business?

  • Save money. Using EMV equipment will help keep your processing fees at the lowest possible rates and reduce compliance fees.
  • Increase security. Advanced technology makes it harder for criminals to duplicate card information and steal data.
  • Add customers. With EMV equipment, tourists from other countries can use their chip cards to make purchases in your business in the future.
  • Avoid legal issues. In the future, if your business does not use EMV equipment and a data breach or a counterfeit transaction occurs in your store, you could be held financially liable.

Upgrade to EMV-compatible processing equipment now and be ready to take advantage of everything EMV technology can give you.

Click Here for Frequently Asked Questions

We offer some of the most advanced EMV-compatible terminals available. Contact our business banking advisors today!

Note: Services and Security features are offered through TransFirst

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Equipment Options*

For flexibility and convenience, Midwest BankCentre offers multiple point-of-sale (POS) and networking connection options for merchants including
  • POS terminals
  • TRANSACTION CENTRAL™, TRANSFIRST’s proprietary “virtual terminal”
  • PC-based “Virtual Terminals”
  • Ethernet
  • Internet
  • Wireless LAN
  • Secure cellular

As part of our complete merchant services product offering, Midwest BankCentre deploys a variety of industry-leading equipment downloaded, encrypted and ready to go. If you order your equipment from Midwest BankCentre, upon approval in our systems, equipment will be shipped and programmed with the appropriate merchant parameters. Simply plug in the terminal and peripherals, run test transactions and you're ready to process.

We welcome the opportunity to help you make sound decisions about which business banking products will benefit you. Contact our business banking advisors today!

*Offered through TransFirst

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Fleet Card Acceptance Program*

Changing dynamics of the Petroleum industry have created a "sweet spot" for Fleet Card Acceptance. Larger organizations are now going to Fleet Cards in order to better manage their fleet expenses. Consumers are now expecting more convenient payment options and there is a growing need for merchants to offer programs allowing outside payment options.

Midwest BankCentre's turn-key and easy-to-use fleet card acceptance program allows independent fuel merchants to increase profit, store traffic and customer loyalty. Midwest BankCentre offers a single source of payment for credit and offline debit including Visa, MasterCard, Diners, Discover, Amex and JCB, online debit, Visa/MasterCard branded fleet, Wright Express Fleet (WEX), and Voyager Fleet. 

*Offered through TransFirst

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Gift Card & Loyalty Program*

Rewarding loyal customers and creating new customers are priorities for any business. Midwest BankCentre's gift and loyalty card program paves the way to meet these goals, as well as increases store traffic and drives profits, allowing even the smallest merchant to compete with larger retailers. Our easy-to-use program offers three different levels of gift card starter kits so that a merchant can customize the card’s design based on their own business’s look and feel.

Additional gift and loyalty card program benefits include

  • The ability to replace paper gift certificates and punch cards
  • Increased cash flow
  • Customer tracking capabilities
  • Improved professionalism

We welcome the opportunity to help you make sound decisions about which business banking products will benefit you. Contact our business banking advisors today!

*Offered through TransFirst

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Merchant Cash Advance*

Grow your business with working capital from AdvanceMe, Inc. (AMI). In as few as five business days, you can have access to a Merchant Cash Advance of up to $150,000, per location – helping you fuel growth, remodel existing locations, purchase new equipment, fund promotional programs and more.

Through AdvanceMe, Inc. (AMI), you can gain access to working capital in as few as five days – of up to $150,000, per location. With this innovative program, valued Midwest BankCentre customers have easy access to capital to help fuel growth, remodel existing locations, purchase new equipment, fund promotional programs and more – all without having to go through the lengthy and challenging process of applying for a business loan.

Funding is integrated with your credit card processing so the entire process is aligned with your business' credit card revenue, making it easier to manage your business' finances. You don't need any personal collateral. There are no monthly checks to write or bills that will pile up. All you have to do is stay focused on growing your business.

Just think of how nice it would be to have a check in-hand in just five days – cash you can spend on whatever your business needs

  • Open New Locations
  • Remodel Existing Locations
  • Purchase Equipment and Inventory
  • Start Advertising Programs
  • Pay Taxes
  • Handle Payroll
  • Manage Unexpected Business Expenses
  • And much more!

How it Works

The no-fee, no-obligation application process includes five simple steps

  1. Application:
    Contact a Midwest BankCentre representative to complete the qualification process including an evaluation of your last four credit card statements and verification of a $5,000 monthly credit card volume.
  2. Transaction:
    Upon qualification, a fixed amount of your future credit card receivables is purchased at a discount. In exchange, you receive a lump sum of working capital deposited into your business' bank account in as few as five business days.
  3. Collection:
    TRANSFIRST automatically retrieves a fixed, pre-determined percentage from each card sale when it is settled.
  4. Monitor:
    Simply go online 24/7 to view your statement.
  5. Completion:
    Retrieval stops automatically when the full amount is received – generally fewer than 12 months.

How to Apply

Contact your Midwest BankCentre representative and start growing your business with a Merchant Cash Advance today! Call (314) 631-5500.

We welcome the opportunity to help you make sound decisions about which business banking products will benefit you. Contact our business banking advisors today!

*Offered through AdvanceMe, Inc. (AMI)

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PayFox*- a proprietary mobile application that turns your Android™, iPhone® or iPad® into a credit and debit card processing terminal!

Empower your business to grow and open new business channels with this user-friendly application that lets you take your business directly to your customers.

It's state-of-the-art. It's secure. And it's FREE to merchants with a Transaction Express® account.**

Mobile processing is making headlines and changing the payments industry - there's never been a better time to try PayFox.

Find out more today!
Contact
Cash Management.

*PayFox available for iPhone®, iPad® and most Android® devices: visit www.PayFox.com for compatibility list. Some restrictions apply on swipe rates. Applicable association fees may apply. Offer subject to change or discontinuance at any time.
** Transaction Express Account required to process with PayFox.
Trademarks are the property of their respective owners and are not necessarily affiliated with TransFirst.
Note: services are offered through TransFirst.

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Payment Card Industry Data Security Standard Compliance (PCI Compliance) It’s Required, and It’s Good for Your Business!

Are you PCI compliant?

Your answer could mean the difference between business success and business disaster.

The number of data security breaches has dramatically increased in the past few years – and every business is at risk. To try to minimize the threat, the payment card industry is taking action

  • About 85 percent of data security breaches occur in Level 4 businesses with fewer than 20,000 card transactions annually
  • Some businesses that experience breaches can be fined up to $500,000

The Bottom Line:  All merchants that accept, process, transmit or store payment card information must now be PCI compliant. That means following a series of steps designed to minimize risk. And additional breach coverage may be purchased if you wish to more fully protect your business, in the event a breach occurs even after you are PCI compliant. Become compliant and help protect your business and your customers from dangerous data breaches – non-compliance could ruin your finances and your reputation.

Becoming – and Staying – PCI Compliant

Midwest BankCentre’s merchant provider, TransFirst has partnered with ControlScan, a leading provider of compliance services, to help you bring your business into compliance. Contact the Cash Management team or visit www.compliance101.com to learn more about compliance, fill out a Self-Assessment Questionnaire, complete a vulnerability scan (for some merchants) and find out if you’re compliant or need to make some changes.

Frequently Asked Questions

Q. What is PCI DSS compliance?
A. Payment Card Industry Data Security Standard – or PCI DSS – is a set of parameters established by the card industry that is designed to ensure that a secure working environment exists for all merchants that process, store or transmit credit, debit and pre-paid card information. All merchants that accept payment cards must follow these requirements to be considered compliant.

Q. What is the PCI program?
A. Our program is an easy way for merchants to find out if they are PCI compliant and, if they are not, to make the necessary adjustments to their businesses to reach compliance. TransFirst, Midwest BankCentre's merchant provider has partnered with ControlScan, a leading provider of PCI compliance services, to assist Midwest BankCentre merchants with this process.

Q. How do I find out if my business is compliant?
A. Begin the process by visiting www.compliance101.com/PCI. Your merchant ID number is your user name, and your initial password is compliance101 (you will be prompted to create a new password after your first login). You will then be directed to fill out a Self-Assessment Questionnaire with information about your business. At that point, ControlScan will determine what steps you need to take to become compliant. TransFirst  will work with ControlScan to keep you informed of any changes to the compliance requirements and to help you make any necessary changes to your business.

Q. What is the Self-Assessment Questionnaire?
A. The Self-Assessment Questionnaire (SAQ) is an intuitive, easy-to-use tool that ControlScan uses to collect information about your business practices and payment processing equipment. This information will then determine the specific steps you need to take to make your business PCI compliant. The SAQ was designed for computer users at any skill level and includes expert help text and real-life examples to guide you. The SAQ must be completed annually, and some merchants may need to complete a quarterly network security scan.

Q. Why is it important for merchants to be PCI compliant?
A. PCI compliance is a key factor in the industry’s attempt to stop data security breaches. Non-compliant merchants that experience security breaches are subject to:

  • Mandatory forensic audit (even if breach is only suspected)
  • Victim notification, card reissuance and chargeback costs
  • Data loss and operations disruption
  • Damage to reputation and brand
  • Possible business closure

Fines for non-compliant merchants that experience a breach can be as high as $500,000 per occurrence. The future of your business may depend on compliance.

Q. You say all merchants must be PCI compliant. I’m a Level 4 merchant, with fewer than 20,000 card transactions annually. Do I need to be compliant?
A. Yes. All merchants at all levels are now required to be PCI compliant. Level 4 merchants are those that process fewer than 1 million transactions per year or fewer than 20,000 e-commerce transactions per year. At a recent industry summit, experts reported that hackers are now targeting small and mid-size businesses, believing that they are easier targets. In fact, industry reports say that approximately 85 percent of security breaches occur in Level 4 businesses. While every merchant may not need to follow every requirement, all merchants must determine what their requirements are and take steps to ensure their businesses are compliant.

Q. I don’t store magnetic strip data. Do I still need to be compliant?
A. Yes! While merchants that store magnetic strip data are particularly vulnerable to security concerns, any merchant can experience a data breach. Some have missing or outdated security patches, vendor-supplied default settings and passwords, SLQ injections by hackers, poor business practices or simple employee dishonesty or theft. Any or all of these conditions can lead to a security breach, even without stored magnetic strip data. Following the PCI DSS requirements for compliance greatly reduces the risk to your business.

Q. What is a network security scan, and do I need one?
A. The quarterly network security scan is part of the PCI compliance requirements for merchants that electronically store cardholder data after authorization, or for those who have any processing systems with Internet connectivity. If this is true for your business – this will be determined when you take the Self-Assessment Questionnaire at www.compliance101.com/PCI – you’ll need to have a passing scan through ControlScan once per quarter (approximately every 90 days). This scan will include your web, mail, application and domain name servers, as well as any virtual hosts or filtering devices. The scan will look for any security vulnerabilities in these areas, and ControlScan will provide you with guidance on how to make the necessary changes. You don’t need any additional software for the scan, but you will need to set your IPS to not block the scan.

Q. What is the cost for the program?
A. Merchants who are not compliant will be charged a fee of $28.80 per quarter. When a merchant completes the process of becoming compliant, the fee will drop to $18.80 per quarter. Please understand that all merchants will be charged this quarterly fee to cover the management of their compliance. The fee reduction will only occur upon completion of the compliance process; it is not retroactive to the beginning of the process.

Q. That seems like a lot of money to pay. Will other processors charge that fee?
A. Most already do charge, and many charge considerably more. Because PCI compliance is now mandatory for all merchants, all institutions will be responsible for their merchants’ compliance. Our program offers benefits that will help businesses become compliant and stay compliant.

Q. I’m concerned that I may still experience a security breach, and I can’t afford thousands of dollars in industry fines and expenses. Is there anything else I can do?
A. Yes. We offer a Data Breach Security Program, an innovative product designed specifically to help merchants meet the potentially devastating expenses that result from a suspected or actual breach of customers’ payment data. The program offers up to $100,000 per location of coverage against expenses if a security breach occurs. Contact our Midwest BankCentre Cash Management Team for more details.

We welcome the opportunity to help you make sound decisions about which business banking products will benefit you. Contact our business banking advisors today!

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Web-based Reporting*

TRANSLINK is a Web-based transaction reporting system offered through TransFirst that helps merchants manage their credit card acceptance. TRANSLINK  offers easy, online access to a comprehensive selection of reports 24 hours a day, seven days a week. TRANSLINK benefits
  • 24/7 instant access
  • Monitor payment activity
  • Track sales trends
  • Pull previous statements, authorization records and much more
  • Eliminate endless searches through stacks of receipts and boxes of files
  • Multi-user access
TRANSLINK reports provide you with
  • Transaction History by:
    • Date
    • Cardholder Number
    • Transaction Amount
    • Batch Amount
    • Authorizations
  • Statements
  • ACH History
  • Chargebacks

To view the TRANSLINK demo, click here.

We welcome the opportunity to help you make sound decisions about which business banking products will benefit you. Contact our business banking advisors today!

*Offered through TransFirst

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