Category: Travel Agency Agents
November 3rd, 2015 by Elma Jane
Dear National Transaction Corporation IT Department,
It is with great pleasure that I write about our wonderful experience with National Transaction Corporation and more specifically with John Barbieri and the e-invoicing product. The tool will streamline our payment processing and make our booking process as a tour operation company exponentially more client friendly. We have already used the system to successfully receive payment from prospective clients literally days after sending them a proposal, instead of waiting weeks for them to fill out, sign and fax in a credit card authorization form. John tailored the system to be fully branded from our company colors to adding custom fields to fit our business needs. I would highly recommend the e-invoicing system for any business looking to streamling their credit card processing and invoicing system.
Warmest regards,
Marco A. Marano
CEO, CountryBred
Posted in Best Practices for Merchants, Travel Agency Agents
October 30th, 2015 by Elma Jane
National Transaction Corporation is the preferred Credit Card Processing Agent for many National Travel Agencies & Associations. We are the preferred merchant account service provider for ASTA, OSSN, ARTA, HBTA,Vacation.com, Travel Leaders, Trams and many more. We are also affiliated with JaxFax, Travel weekly, TRO / Travel Research Online and other travel agency associations in the travel agent industry.
Benefits of our Merchant Account Services for Travel Agencies.
Competitive credit card processing rates & fees for travel agents
Faster deposits (as quick as 24 hrs from transaction)
No holds on funding
Trams Credit Card Merchant Account Integration
Sabre Red Merchant Account Integration
Booking Software Processing Integration
Lower Processing Rates & Fees
Swiped Rates for face to face credit card processing
ecommerce for shopping cart credit card processing
National Transaction Corporation has a proven track record with many of the Largest Travel Agency Associations in the U.S. and Canada. In fact for several of those, we are the preferred credit card processing merchant account services provider for their members. We can take your business to the next level with integration into Trams, Sabre, Sabre Red or off the shelf accounting programs like QuickBooks and Peachtree Accounting.
We are more than happy to provide you with a free merchant account rate review and go over your current credit card processing details and show you how we can save you money and get deposits even faster. We also offer industry leading technical support around the clock, you call, we answer. Simple as that. We can assist errant transactions, chargebacks, terminal messages and much more. Find out why National Transaction Corporation is the preferred merchant account services provider for travel agents & agencies.
Call us now and put us to the test. 888-472-7112
American Society of Travel Agents, Vacation.com, ASTA, Trams, Virtuoso, Travel Leaders, Association of Retail Travel Agents, Specialty Travel Agent Association, Cruise Holidays Credit Card Processing.
Posted in Best Practices for Merchants, Travel Agency Agents Tagged with: chargebacks, credit card, credit card processing, ecommerce, merchant account, Merchant Account Services, National Travel Agencies, shopping cart, travel agencies, travel agency, travel agent
October 30th, 2015 by Elma Jane
This is a question we encounter on a daily basis. Travel environments are unique in that your transactions are usually keyed, there is almost always a delayed delivery period, large ticket transactions are not uncommon since one cardholder may be paying for multiple tickets, they tend to be seasonal, with peak season months generating an unusual spike in their “average” monthly volume, and chargeback’s pose a potential threat by travelers who are unable to complete their trip. Combine even a few of these factors together and you have cause for a reserve, or even account termination.
Being a part of a MO/TO (Mail Order/Telephone Order) or Keyed environment carries an increased risk of potential fraud or unauthorized use of a credit card. Since the credit card and cardholder are not present at the time of the transaction, the merchant has a limited ability to ensure the card is not being misused or that the proper AVS (address Verification Service) information is provided. NTC stresses the use of Credit Card authorization forms in order to obtain the correct credit card number, expiration date, billing address, and signature of the cardholder.
Travel merchants tend to have periods of increased volume based on peak travel seasons, whereas most other industries tend to have the same average monthly volume every month. This can generate spikes in volume on the merchant account that can trigger security concerns with the processor. Helping the merchant to analyze their volume trends and reporting the trends to the underwriters helps eliminate the security concerns when these spikes occur.
Large transactions which exceed the average sale amount for the merchant account can also trigger security concerns. Merchants who do not inform their merchant processor of large transactions prior to charging the credit cards can trigger security concerns and cause funding delays and reserve holds. Educating and clearly communicating with the merchant how to handle large tickets, volume spikes, and group bookings, prevents reserves, funding delays and/or other merchant account issues.
Another concern from the underwriters is the delayed delivery time frame. Delayed Delivery refers to the amount of time between accepting a credit card payment (whether a deposit or full purchase) and the time the cardholder travels. The client’s credit card is billed and the travel agent is paid however, the trip the travel agent was paid for doesn’t generally take place for 2 to 3 months. This leaves a lot of time for things to change, and should the client not travel for some reason, the first thing they do if the travel agent does not issue a refund, is claim a chargeback. NTC offers quite a few tips that can help protect the travel agent from chargeback situations.
Most merchants do not realize that merchant processors carry a financial risk on merchant accounts, and normally fund merchants prior to receiving payment from the client’s bank. Essentially, a merchant account is an unsecured loan. The merchant runs a transaction and at the end of the day they settle their batch. Generally the merchant will receive the funds for that batch in their bank account within 2 business days even though the travel arrangements the client paid for do not take place right away.
Here at National Transaction Corp, we specialize in understanding what makes your transactions, as a travel agent, unique in how they affect your merchant account. Educating the merchant and ensuring they have a good understanding of what makes travel merchant account high risk, is one of our specialties. We have established a special relationship with our underwriting department which facilitates our ability to approve your high risk travel merchant account.
Contact your travel merchant account specialist at NTC today.
Mark Fravel
National Transaction Corp
Founder and President
888-996-2273
Posted in Best Practices for Merchants, Travel Agency Agents Tagged with: address verification service, avs, card holder, card payment, chargeback, credit card, Mail Order/Telephone Order, merchant, merchant account, merchant processor, moto, transactions, travel agent, Travel environments, travel merchants
October 23rd, 2015 by Elma Jane
Every merchants, small, medium or large, should put in some effort to protect their sensitive data. Many breaches of data could have been prevented by implementing stronger security controls and employing safety best practices in the workplace.
Weak or stolen usernames and passwords are one of the top causes of data breaches, and more than 75 percent of attacks on corporate networks are due to weak passwords. Almost half of all instances of hacking is due to stolen passwords, which are obtained through the theft of password lists. This indicates that there is no organization in any industry that is not vulnerable to a breach of data.
Studies across the board indicate that weak usernames and passwords are one of the top causes of data breaches. A strong password is the first line of defense against scammers and hackers, and to help keep your data safer.
There are risks associated with relying on weak usernames and passwords to restrict the access of data. Data breaches could have been stopped if a stronger, better password was used. Experts, including the IT team of companies, can offer assistance to employees seeking to improve their passwords and reduce risk.
Weak password means data breaches! The best passwords are long and varied, with symbols, letters and numbers. These passwords should not be obvious, such as the name of a company, address or company motto. It is difficult to enact policies for improved passwords in the workplace because employees are not informed of the facts.
Posted in Best Practices for Merchants, Travel Agency Agents Tagged with: data, data breaches, merchants
October 9th, 2015 by Elma Jane
Credit card fraud is much more difficult to prevent in a card-not-present transaction. In a face-to-face setting the merchant can inspect the card to ensure that it is valid and can verify that the cardholder is an authorized user on the account. None of these actions can be performed when the payment is submitted online or accepted by phone. As we moved in adopting EMV Technology, majority of fraud is going to migrate away from counterfeit and stolen cards towards the card-not-present transaction as happened in other countries.
A combination of best practices and fraud prevention tools can provide card-not-present merchants with strong fraud prevention capabilities.
Steps to avoid fraud and protect your business for a card-not-present transaction:
- Email Verification: Send a message to the email address provided by the customer requesting that the customer verify the email address is correct, you can ensure that the email is associated with the other information provided.
- Maintain PCI compliance:All merchants accepting card payments are now required to be compliant with the requirements of the PCI DSS (Payment Card Industry Data Standard) which sets the rules for data security management, policies, procedures, network architecture, software design and other protective measures.
- Security Code Verification. Requesting the three digit security code on the back of a credit card. Visa (CVV2), MasterCard (CVC 2) and Discover (CID) cards, and the 4-digit numbers located on the front of American Express (CID) cards. Card Security Codes help verify that the customer is in a physical possession of a valid card during a card-not-present transaction.
- Use an Address Verification Service (AVS): Enables you to compare the billing address provided by your customer with the billing address on the card issuer’s file before processing a transaction. AVS is good protection against card information obtained through means like phishing and malware because fraudster might not know the billing address.
- Use 3D Secure Service: MasterCard and Verified by Visa enable cardholders to authenticate themselves to their card issuers through the use of personal passwords they create when they register their cards with the programs. The liability of any fraudulent charges through the 3D service is picked up by the issuer, not the merchant.
- Verify the phone number and transaction information.Prior to shipping your products, call the phone number provided by the customer and verify the transaction information. Criminals may be unable to verify such information, because in their haste to max out the credit line before the fraud is discovered, they often order at random and do not keep records.
Posted in Best Practices for Merchants, e-commerce & m-commerce, Mail Order Telephone Order, Payment Card Industry PCI Security, Travel Agency Agents Tagged with: American Express, card-not-present, card-security, cardholder, cnp, credit card, Discover, EMV, MasterCard, merchant, Payment Card Industry, payments, PCI, visa
August 10th, 2015 by Elma Jane
Everyone’s looking for the next great idea. The one that will make their travel practice jump. The right niche, the next great marketing trick. The killer idea.
I understand the sentiment.
No doubt, ideas are important. You must have the right marketing to properly present your company, to make it take hold in people’s minds and develop into its own entity, to take on its own personality.
But, I ask you, is a great idea enough? Isn’t there something that comes before the idea, something that is equally if not more important? I’d rather start with the right people. People with the right intelligence, the propensity for making things happen. People with killer attitudes.
Here’s the thing: you can give a great person a mediocre idea and they will do something great with it. On the other hand, you can give a great idea to a mediocre person and it will languish. At the end of the day, great ideas require the right people for execution. It’s not the idea that makes people work. It’s the people who make the idea work. Surround yourself with great people, that’s the surest way to succeed.
It is a real joy to work with smart people. You can give a smart travel professional an idea, and they get it, know its value and can understand how to implement it into their practice. Likewise, hand over an opportunity to a determined travel counselor, and then get out of their way. A determined travel professional is willing to do what it takes to build their practice. People combine the qualities of intelligence, determination and passion become top travel specialists. No excuses. Do or die, and with a smile.
Intelligence, determination and passion – those three ingredients are found at the heart of every great travel practice. Those are not the abstract qualities of an idea, they are human traits, personality qualities. Such agents make a study of their practice, an art, a craft. They are determined to succeed and their determination is contagious and attractive because of their passion for travel.
Choose your associates carefully. If you work alone, be the person you must be to execute well. Dust off your attitude. Wake up, take charge, motivate yourself, learn from the best, keep moving forward. Renew your vow to be truly great at what you do. Take it on yourself to smile at clients, to be passionate on their behalf and to bring all of your faculties to bear on every assignment. Clients are like everyone else, they enjoy working with enthusiastic, smart travel agents.
Cultivate those attributes, insist on being your best, and watch your practice grow.
by Richard Earls in Publishers Corner
Posted in Travel Agency Agents Tagged with: travel, travel agency, travel agent, travel industry, Travel Merchant
July 28th, 2015 by Elma Jane
The annual ASTA Global Convention is set to take place in Washington, D.C., August 29 to September 2, 2015.
A conference that is designed for all travel merchants, whether they are home, office or storefront-based.
American Society Of Travel Agents (ASTA) plays such a vital role in government lobbying and regulation, travel agent awareness and education.
This year’s convention will feature a full roster of speakers, educational seminars, networking events and local sightseeing.
ASTA Global Convention will feature pre-convention events including the chance to see a Washington Nationals baseball game, special tours of Washington, D.C. and the annual ASTA Advocacy Dinner.
The convention will take place at the Omni Shoreham Hotel near Georgetown. Hotel rates start at $169, booking with the dedicated room block ends August 7.
ASTA registration rate will increase on August 1 by $25.
For more information or to register, click on ASTA Global Convention.
Posted in Best Practices for Merchants, Travel Agency Agents Tagged with: merchants, travel, travel merchants
June 29th, 2015 by Elma Jane
Posted on June 28th, 2015 by Richard Earls in Publishers Corner
“If I only had an hour to chop down a tree, I would spend the first 45 minutes sharpening my axe.” – Abraham Lincoln
Louie was one of the hardest working men I had ever met. A restaurant owner, he was up first thing in the morning, worked all day in the kitchen and on the floor and went to bed late at night. The next day, he would do it all again. I was amazed at his ability to put in those hours and I was sure that his new venture would be a great success. A year later, he was out of business. I told Louie’s story to one of my business mentors and he shook his head knowingly. He was not surprised at the restaurant’s failure. “Too many business people have to work hard because they don’t work smart.”
He was right, of course. Louie loved his restaurant. Passion for his business was not an issue for Louie. Problem was, he didn’t much care for the business end of running a restaurant. Louie loved mixing with the customers, coming up with new dishes, and talking about food. However, his costs were too high, and he just didn’t get the need to market beyond simply serving good food. His marketing had little rhyme or reason and employees rotated through his establishment in revolving door fashion. Passion, by itself, wasn’t enough to sustain the business.
My appreciation for the Protestant work ethic was radically altered by Louie’s misfortunes. Hard work counted, but smarts counted, too. Like many good travel consultants, he was spending more time IN his business than he was spending ON his business. I see the same situation with many travel consultants. They work very, very hard and they are passionate about travel. But not all of their tools are sharp enough for the job in front of them. Their marketing is sporadic and their sales technique is haphazard and not studied.
How can travel agents be better business people? The answer is deceptively simple.
There are lots of things to be done every day. There are clients to call, there are deadlines for payment, and there are meetings to attend. But it occasionally pays to take a step back from the day-to-day processes that are absolutely necessary and just think about what we are doing. Are we as efficient as we could be? Are we delegating tasks to give us more time at what we both do and enjoy best? Are we investing adequate time in marketing and professional study? Are we growing our client list as well as maintaining it?
Growing your individual travel practice takes time and patience, but it also requires ongoing thought and planning. It takes a willingness to adjust course mid-stream and to break bad habits. Too many agents tend to be sporadic and reactive without giving their craft the study and attention it deserves. They are so chronically short of time they will even explain that they don’t have the time to plan. Their business is running them instead of being run by them.
Give yourself some time each week to review your progress and to adjust your practice. Allow yourself that luxury. Take the time to meet with yourself and review all of your business assets, the points of contact where the public encounters your brand. Set the time aside and make it your own. Take time to review the way you are doing things and whether there are ways to improve on your practices. Read trade journals and associate with peers either at work or on forums like TRO’s Community. Attend trade shows and think about the art of travel planning.
The time you spend just thinking about travel planning will make you a better travel planner.
Posted in Travel Agency Agents Tagged with: travel, travel agency, travel agent, Travel Merchant, travel merchant account
June 19th, 2015 by Elma Jane
ASTA’s Regulatory Compliance Course
The Travel Agency Regulatory Compliance Course is an easy cost effective way to ensure your staff is up to speed on the latest federal regulations. Course cost: $225
ASTA members can save $200. Use code: ASTAfirst
Non-members can save $75. Use code: MustKnow
Sign-up Today! Click ASTA LOGO to Login.
Posted in Travel Agency Agents Tagged with: compliance, travel, travel agency
June 16th, 2015 by Elma Jane
When you own a travel agency, a merchant account can take the worry out of the financial side of your business. Since many people prefer to pay for their vacation services with a credit card, your Merchant Account will ensure that you’re able to process those payments as easily and efficiently as possible.
Merchant accounts generally work in real time. Payment processing occurs immediately, with quick authorization, you and your customer will know right away that the payment has gone through. These types of accounts allow your business to accept almost every major brand of credit card. This further benefits your customers by allowing them to pay through the cards that they have.
You can also offer your customers advanced payment processing solutions that include more than simple credit card payments. That’s important in this economic climate, when many people are turning from credit cards to other methods of payment.
Debit cards, checks, pre-paid cards, and electronic transfers are all available through Merchant Accounts.
Debit cards are somewhat treated like credit cards when you have a Merchant Account, ensuring that you’ll receive the promised funds before your client sets foot on their cruise ship or the airplane.
New business should lead to repeat business, and with a loyalty program set up through your Merchant Account, it will! Your merchant account provider can customize a loyalty program for you.
Creating a loyalty program will bring repeat business, increase the amount of money that customers spend with you, attract new customers to your business and, most importantly, keep them coming back.
Online payments are another benefit you’ll enjoy when you set up a Merchant Account. With online payments, your customers can click on your website, set up their own vacation itineraries, and pay for their trips simply by entering their payment data into a secure online form. The payments will be validated instantly, so your customers will know that their vacation has been authorized within seconds, and you will have access to those funds by the following day.
Finally, one of the best things about a merchant account is that the funds will be available to you the next day. Your customer pays you today and you can access the funds tomorrow. This improves your cash flow and makes it possible for you to take care of your business expenses in a timely manner. And, as you know, paying for things on time usually means those things cost you less money.
You’ll save money and time by setting up a merchant account, and you can do it today with National Transaction! (888)-996-2273 www.nationaltransaction.com
Posted in Best Practices for Merchants, Merchant Account Services News Articles, Travel Agency Agents Tagged with: checks, credit card, credit card payments, debit cards, electronic transfers, loyalty program, merchant account, merchant account provider, online payments, payment data, payment processing, payments, pre-paid cards
