On: September 2, 2020 In: News, Payment Processing

Switching your payment provider has never been easier.

Migrating your payment data (your customers’ saved credit cards and banking account details) from one payment provider to another can be daunting. Data migration in general is seen as a risky procedure, and businesses aim to avoid it in fear of losing or compromising data during the process.

With payment data, there are added concerns. Companies do not want to disrupt their recurring customers on contracts by asking them to re-enter payment methods that they provided previously. There are also concerns around the security and PCI compliance of the payment data as it is transferred from one system to the next.

Despite the challenges, data migration is sometimes necessary. Companies may find the need to migrate to a new payment processing tool because their current system is outdated, they failed to comply with the latest PCI standards, or they are receiving unpleasant customer service from their current provider.

Data Migration Made Easy with PayFabric

Nodus offers businesses an easy way to migrate payment data from their current processor or software provider. We have designed a secure utility tool that can migrate all your payment information on file and import it into our PCI Level 1 compliant cloud, PayFabric. PayFabric is Nodus’ cloud-based payment processing platform and storage hub, designed to integrate payment functionality into any application, system, and back office environment with ease and simplicity.

PayFabric connects to a variety of different payment processors and gateways and offers out-of-the-box integration to…

  • Microsoft Dynamics GP
  • Microsoft Dynamics CRM
  • Microsoft Dynamics AX
  • Microsoft Dynamics SL
  • Microsoft Dynamics 365 Business Central
  • Microsoft Dynamics 365 Finance
  • Microsoft Dynamics 365 Sales
  • Microsoft Dynamics 365 Customer Engagement
  • SalesPad
  • Collections Management by Professional Advantage
  • Oracle
  • SAP

PayFabric can also be integrated into any other application with its easy-to-use API.

Additional Benefits of PayFabric

PayFabric embeds directly into the hosting application, so neither your customers nor your internal users ever have to leave the system they are in to enter in payment information. For example, if you are currently using Dynamics GP as your accounting system, your accounting team can process credit card and ACH/eCheck transactions directly from the GP windows. The payment data is entered and stored directly into the embedded PayFabric iframe for security purposes, but the user entering the payment data never has to go outside of GP to process the transaction.

PayFabric also offers options to enhance your collection process, including…

  • Secure payment hyperlinks that are sent to customers to collect payment details or process transactions.
  • Scheduled reminders to encourage customers to make timely payments.
  • Automatic payments for recurring customers who would like their account to be processed automatically.
  • 24/7 self-service customer payment portal, where customers can log on and view and pay their outstanding invoices.

If you are considering a payment data migration project and would like to learn more about how PayFabric can help, please reach out and we would be happy to schedule some time to discuss.

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