Resources 

E-Signatures for New Merchant Credit Applications

Free Educational Webcast

Recorded On: Wednesday, August  31 2011
Length: 60 Minutes
Presenters:
Robert Al-Jaar, VP Online e-Signature Services, Silanis Technology
Mike Karaguezian President, Card Processing Services

Overview

In the fiercely competitive credit processing industry, closing the deal fast is the key to bringing on new merchants.

Unfortunately, the average turnaround time to complete a new merchant application can be as long as 2 weeks, leaving the merchant to continue shopping, or to decide to stay with their current provider. In addition to delays, call center agents at payment processors, acquirers and service providers can spend as much as 50% of their time chasing down contracts.

The benefits of eliminating paper from the new merchant application process are well known but historically, e-commerce solutions have been impractical to many smaller service providers that lacked the resources and infrastructure to adopt the technology.

Card Processing Services, a leading Canadian full merchant service provider, is now able to compete head to head with ISOs/MSPs of all sizes thanks to electronic signatures. The company will soon offer its customers the option to securely review and sign new merchant applications electronically over the web from the convenience of their business, without waiting for contracts to arrive in the mail.

Download this Webcast to learn how e-signatures will enable Card Processing Services to:

• Reduce the time to complete new merchants applications from 2 weeks to minutes
• Increase agent productivity by eliminating the need to chase down paper contracts
• Get new merchants transacting sooner
• Eliminate errors and related risk from paper-based processing

The presentation also features a demonstration of e-SignLive, the cloud-based electronic signature solution used at Card Processing Services. The audience will see how this affordable service makes it possible to:

• Electronically sign contracts, disclosures and applications over the web - no hardware required
• Leverage existing forms and documents in Microsoft Word or Adobe PDF
• Reduce the legal and compliance risk associated with new merchant applications
• Start e-signing quickly and cost-effectively - no development or IT integration required
• Monitor and track e-signing activities