subject: Credit Card Processing Information E-Commerce Owners Should Know [print this page] Credit Card Processing Information E-Commerce Owners Should Know
When credit cards are issued as an integral part of a business, it is essential to streamline the process by which customers can acquire them. Credit card application processing systems allow e-commerce entrepreneurs to quickly and easily acquire, check, and verify credit information. This works far better than the outdated, awkward, and slow paper applications which are the other option available.
More powerful credit card application processing systems are usable not only for credit card applications, but also for loan applications as well. Other applications of the systems include credit decisioning, product selection, manual reviews, fraud investigation, and ID certification. The powerful functions available in these customizable systems mean that a decision can be reached in ten seconds or less, ensuring that the customer doesn't stray to another lender while waiting for the results of their application.
Prescreening capabilities also allow credit card application processing systems to pre-approve customers for other products based upon their application. A business can set rules for specific products and customer information to allow them to pre-approve for the products the customer is most likely to want, putting their business a couple steps above the competitors. There are several instant prescreen methods to choose from, depending on your institution's and consumers' needs. Zoot Enterprises, Inc., offers comprehensive products that can help an institution design the best automated system, tailored specifically to fit their needs and those of its current and future customers. Zoot has been enhancing the practices of the most innovative financial institutions, including three of the top five US banks, for over 17 years.
