Category: Best Practices for Merchants
September 16th, 2016 by Elma Jane
National Transaction offer valuable features and benefits, if you want to improve your business’s productivity, you should look for the following features below, that you need from your Electronic Payments provider.
Advanced Security Options – 6 out of 10 small businesses close within six months of a card data breach, it is important that Point-of-Sale devices should have appropriate security measures, particularly EMV, encryption and tokenization. NTC offer Safe-T for Small and Medium Businesses and Safe-T for Large Businesses. The Top-tier security is important on your business’s data especially customer information, consider adding additional authentication procedures.
Fast Payment Processing – first step is having up-to-date technology, because some customers might leave, the sooner you have the money processed by your provider, the bigger and stronger your business can become. NTC is adept at administering payments quickly and efficiently. We can provide regular funding or next day funding.
Feature Flexibility – obtaining the features you need from your payment services provider is very important. Look for a provider that appropriately addresses your payment concerns.
Mobile Payment Processing – NTC offer Virtual Merchant/Converge Mobile that gives you the ability to accept payments using your smartphone or tablet anywhere you go. Furthermore, the app works with most Apple and Android mobile devices. Accept a key-entered transactions or swipe cards using an encryption reader. You can now take chip card payments using Ingenico iCMP PIN Pad or the new RP457c card reader.
Reliable Customer Support – NTC is available 24/7, the phones are answered by humans and not automated systems. You got support with your hardware, answer questions and guide you to better understand the process. Customer support is the most important feature of any business partnership you make. At NTC we are very passionate about that.
Up-to-Date Tech – futuristic features, like mobile payment abilities, EMV/NFC, contactless payments are worth investing. Modern consumers are generally more familiar with up-to-date payment systems. Seeing a payment service provider offer a swipe-only terminal should be a red flag, because the recent regulations require merchants to have EMV to provide better data security.
Posted in Best Practices for Merchants, Credit Card Security, Electronic Payments, EMV EuroPay MasterCard Visa, Mobile Payments, Mobile Point of Sale, Near Field Communication, Point of Sale, Smartphone Tagged with: Breach, card data, card reader, chip card, contactless payments, data, EMV, encryption, merchants, mobile, mobile payment, nfc, payments, Payments provider, point of sale, provider, Security, service provider, smartphone, swipe, tablet, terminal, tokenization, transactions
September 15th, 2016 by Elma Jane
Storing credit card data for recurring billing are discouraged.
But many feels storing is necessary in order to facilitate recurring payments.
Using a third party vault provider to store credit card data for recurring billing is the best way.
It helps reduce or eliminate the need for electronically stored cardholder data while still maintaining current business processes.
For recurring billing a token can be use, by utilizing a vault. The risk is removed from your possession.
Modern payment gateways allow card tokenization.
Any business that storing data needs to review and follow PCI DSS requirement in order for the electronic storage of cardholder data to be PCI compliant.
On the primary account number, an appropriate encryption will be applied. In this situation, the numbers in the electronic file should be encrypted either at the column level, file level or disk level.
Posted in Best Practices for Merchants, Credit Card Security Tagged with: billing, cardholder, credit card, data, payment gateways, payments, PCI, recurring, token, tokenization
September 12th, 2016 by Elma Jane
Ingenico RP457c card reader is now available at NTC for $75.00 plus encryption and shipping!
NTC are pleased to announced the launch of Converge Mobile 1.3, which includes support for the new Ingenico RP457c.
An all-in-one card reader that accepts:
- Mag stripe
- chip card
- contactless payments including mobile wallets
Customers can utilize audio jack to connect the device to their either smartphone, tablet or connect via Bluetooth.
In addition to the converge Mobile portfolio, Ingenico RP457c is a lower price point for customers who are cost sensitive. It offers the same payment flexibility as the iCMP.
Both RP457c’s and iCMP devices also offer encryption technology, adding another layer of security to help protect card data at the point of entry and throughout the payment lifecycle.
One key difference is that iCMP is a PIN pad that supports chip & PIN as well as debit PIN transactions, while the PR457c is a card reader only; therefore chip and signature and signature debit are supported on this device.
For your electronic payment needs or to purchase the device give us a call now 888-996-2273 www.nationaltransaction.com
Posted in Best Practices for Merchants, EMV EuroPay MasterCard Visa, Smartphone Tagged with: card data, card reader, Chip & PIN, chip and signature, contactless payments, customers, mobile wallets, payment, PIN pad, Security, signature debit, smartphone, transactions
September 9th, 2016 by Elma Jane
Multi Currency Conversion (MCC):
- In addition to 100+ supported currencies and all transactions autosettle at 6pm (eastern) daily.
- Customer is unaware of the converted currency, also customer may not opt-out at the point of sale.
- Conversion occurs between the point of sale and settlement.
- E-commerce only and no merchant rebate.
- Price listed in customer’s currency conversion also Supported by Internet Secure or direct certification.
Dynamic Currency Conversion (DCC):
- Customer is aware of the Conversion Currency, also customer may opt-out at the point of sale.
- Conversion occurs at the point of sale and five supported currencies less than MCC.
- Merchants may choose settlement method and time in addition to merchant rebate up to 100bp.
- Price listed in merchant’s currency conversion.
- For Retail, Restaurant, MOTO and E-commerce.
- Supported by terminals, via Warp and Virtual Merchant.
For more information give us a call at 888-996-2273 or visit our website: www.nationaltransaction.com
Posted in Best Practices for Merchants, e-commerce & m-commerce, Mail Order Telephone Order Tagged with: customer, e-commerce, merchant, moto, Multi Currency Conversion, point of sale, terminals, transactions, virtual merchant
September 8th, 2016 by Elma Jane
Interchange fee are transactions for payment from either the Acquirer or Merchant Processor to the Card Issuer. Therefore, it represents the fees paid by the merchant acquirer to the Card Issuer.
At the time transaction is exchanged fees are paid and vary also based on the method of processing your transaction. Processing a hand-keyed transaction is therefore expensive than a card-swiped transaction because you don’t have the physical card and its associated risk.
Rates may apply to your transactions, also depending on the method of processing and the qualification assigned by the Card associations.
Rate qualification criteria:
- Card associations consider the card product used in the transaction
- How the transaction data is entered?
- The time of settlement
- Time of authorization
Interchange Category Based on Card Type:
- Credit
- Debit
- Rewards purchasing
Industry Type:
Qualification Elements:
When you settle your transactions each day, Acquirer or Merchant Processor like NTC routes them to the Card Associations (Visa, MasterCard, Discover) and debit networks through Interchange.
As a result, Visa, MasterCard and Discover (Card Associations and Debit Networks) establish the rules and manage the Interchange of all transactions.
For your Electronic Payment needs give us a call at 888-996-2273 we are open 24/7 or visit our website www.nationaltransaction.com for more information.
Posted in Best Practices for Merchants
September 6th, 2016 by Elma Jane
ASTA Global Convention (AGC) in Reno!
We Look forward seeing you at Booth # 92. Please stop by and say hello! September 25-28.
We offer ASTA Travel Agents opportunity to get paid. 100% next day while you can be your own host agency with No Reserve.
Our expertise is Travel, and we have been in this industry for over 13 years. There is No sign up fee or cancellation fee. TRAMS Sabre Solution integration or any back office GDS system.
We can perform a free statement analysis in addition, to see if we can help reduce your current fees and charges. We will also Meet or Beat other processor’s rates and fees!
If you would like to Make an appointment with us during the ASTA EVENT, please contact or email Elaine Zamora at 888-996-2273 Extension 1111 elaine@nationaltransction.com
Please feel free to visit our website: www.nationaltransaction.com www.ziebest.com/national/ www.turnaroundstripdown.com
Posted in Best Practices for Merchants, Travel Agency Agents Tagged with: travel, travel agents
September 1st, 2016 by Elma Jane
A woman named Gabriela visited one of our merchant.
Gabriela stated that she’s from the company that processes REK Storage credit card transactions to upgrade their credit processing system.
She even claimed that the company she worked with was the parent company of National Transaction.
Gabriela presented some of the savings his company would receive in addition to a lower processing rates.
To start processing, they had to remove the old credit processing terminal because it was a company policy.
If you receive a phone call or visited by somebody claiming as NTC’s parent company give us a call 888-996-2273.
Posted in Best Practices for Merchants Tagged with: credit card, credit processing, merchant, terminal, transactions
August 30th, 2016 by Elma Jane
NTC’S 20th Anniversary! October 7th, Friday at our sales office come join us.
As part of our celebration we have Lincoln Kokoram to do a brief Sales Training on How to Overcome Telephone Objections. 11am-3pm.
In addition, Mark Fravel, Founder/President of National Transaction; will have his FYI remarks from what he learned for over 20 years in the Payment Industry, while building a strong relationship with his partners’ and exceeded excellence in his company. 3pm-5pm
Cocktail Dinner will follow!
Come celebrate with us RSVP needed before September 30th.
Please contact or email Elaine Zamora at 888-996-2273 Extension 1111 elaine@nationaltransaction.com
Check our website: www.nationaltransaction.com/ www.ziebest.com/national/
Posted in Best Practices for Merchants, nationaltransaction.com Tagged with: payment, payment industry, transaction
August 29th, 2016 by Elma Jane
ASTA Global Convention in Reno! We Look forward seeing you at Booth # 92. Please stop by and say hello! September 25-28.
We offer ASTA Travel Agents opportunity to get paid. 100% next day while you can be your own host agency with No Reserve.
Our expertise is Travel, and we have been in this industry for over 13 years. There is No sign up fee or cancellation fee. TRAMS Sabre Solution integration or any back office GDS system.
We can perform a free statement analysis in addition, to see if we can help reduce your current fees and charges. We will also Meet or Beat other processor’s rates and fees!
If you would like to Make an appointment with us during the ASTA EVENT, please contact or email Elaine Zamora at 888-996-2273 Extension 1111 elaine@nationaltransction.com
Please feel free to visit our website: www.nationaltransaction.com www.ziebest.com/national/
Posted in Best Practices for Merchants, Travel Agency Agents Tagged with: travel, travel agents
August 25th, 2016 by Elma Jane
Chargeback bumps still not clear, yet some says consumers are taking advantage of the chargeback system, while others think this increase is due to EMV implementation. Same as other countries experienced.
Whatever the reason, these chargebacks are causing stir in the payments industry.
Merchants should know two facts because of the tide in chargebacks:
- Merchants should not be accountable for chargebacks on valid, non-fraudulent cards without chips.
- Additionally, merchants who do not have EMV terminals are at a higher risk for fraud.
- The merchant is held responsible not the bank if fraud is involved as a result of card swipe.
There are a few things that merchants can do to prevent chargebacks.
- Always swipe non-chip cards rather doing it manually.
- Ask for a signature and verify each transaction.
- Be on the lookout for fraudulent cards.
- EMV chip card should not be swipe or manually keyed in.
- Follow chip card processing procedures, insert them correctly and guide your customers through the chip transaction process.
- If the chip card payment fails, ask for an alternate form of payment. Most of all do not override or swipe the chip card.
- If you have to manually enter a card number, use the security code, check the expiration date and further more take an imprint.
Better be equipped to stop chargebacks by adopting few changes in your business before they happen. If your business is not yet EMV compliant, give us a call at 888-996-2273 or visit us at www.nationaltransction.com
Posted in Best Practices for Merchants, EMV EuroPay MasterCard Visa Tagged with: chargeback, EMV, fraud, merchants, payments, terminals
