Pin-less Debit | payment processing

Pin-Less Debit (PLD)

December 10, 2008

Pin-less debit, or PLD, is a new type of transaction with the potential of large savings for online payments. There is the
potential to save approximately 20% of credit card transactions by processing cards with credit-network branding (i.e.
Visa, Mastercard) through debit networks (i.e. Star, Nyce, Pulse) .
 

PLD has become available to you as an emerging market because:

  • Low fraud risk– If a student disputes a charge, you place a hold on their record. Punitive measures can be employed, such as registration holds.
  • Alternative for ATM cardholders- Offer an online payment method for customers who only have an ATM card (no
    credit card association branding on the card)

Recharge Savings Potential

August 1, 2008

PLD is billed to you at a per-transaction cost of approximately $0.75/trans plus a $0.24/trans administrative fee. To give you an idea of the savings you might see on a $1,000 transaction:

  • CyberPay Credit -~2.0% +$0.24 (adm fee) = $20.24
  • CyberPay PLD - $0.75/trans +$0.24 (adm fee) = $0.99

Your savings on this transaction would have been $19.25.

This is only a sample transaction. Bank fees vary based on card type and processing requirements. Please see the current SFS rate sheet for the most current recharge rates.

How do I know if I qualify for PLD?

The CyberPay Support Team can determine whether your transactions qualify for PLD. Because the debit industry has very specific requirements, we can't offer PLD to all merchants.

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About Us

UCLA Payment Processing is a service of Student Financial Services.

We offer a complete suite of cash management and payment processing tools to help your campus department. Our diverse portfolio of services includes CyberPay, e-check processing, Point of Sale (POS) credit card terminals, third-party processing, Dunbar armored car service, and tradition campus cashiering.

We also stay on top of the latest campus and system-wide cash-handling policies and manage Payment Card Industry (PCI) compliance. Contact us with any questions about the services we provide.