NEXT DAY FUNDING

To be responsive to the needs of our merchants and to meet that needs NTC offers next day funding. This is a value added service for customers and businesses that need to have their funds available quickly.

With more than 15 years of experience, National Transaction offers a variety of electronic payment services and technology for businesses.

Our services include:
Currency Conversion, credit, and debit card processing, e-commerce and gateways, electronic checks, gift and loyalty card programs, mobile processing, cash advances and loans/funding program. We also have NTC e-Pay and MediPaid.

NTC e-Pay – is an Electronic Invoicing that made simple with NTC e-Pay! Free Setup, Nothing To Integrate, Secure, and Fast. Invoice customers Electronically with NTC e-Pay. Our e-Pay Platform can help Travel Merchants bring new customers and encourage repeat business.

Our Virtual Merchant Gateway – accept payments your way! Online, In-Store and On the Go. A payment platform that flexes with your business.

NTC Business Loans – Fast, Affordable, and Simple Application Process.
MediPaid – a medical health insurance claims payment. Delivering paperless, next-day deposits for Health Insurance Payments.

NTC provides services to thousands of customers. NTC maintains a one on one relationships with all its merchants providing them with 24/7 customer service and technical support!

To know more about our product and  services give us a call at 888-9962273

Posted in Best Practices for Merchants, e-commerce & m-commerce, Electronic Check Services, Electronic Payments, Gift & Loyalty Card Processing, Medical Healthcare, Merchant Account Services News Articles, Merchant Cash Advance, Merchant Services Account, Mobile Payments, Small Business Improvement, Travel Agency Agents Tagged with: cash advances, credit, Currency Conversion, customers, debit card, e-commerce, electronic checks, electronic payment, funding, funds, gateways, loans, Loyalty Card, merchants, Mobile Processing, service

BUSINESS LOANS

Posted in Best Practices for Merchants, Financial Services, Merchant Cash Advance, Small Business Improvement Tagged with: funding, loans, Merchant Processing, merchants, payment

Behavioural biometrics Startup raised $10M in Funding

Credit: Flickr

BioCatch, an Israeli startup that uses behavioural biometrics to authenticate visitors to banking and e-commerce sites, has raised $10 million in a funding round. BioCatch aims to eliminate passwords and authentication dongles for online banking and shopping, replacing them with a system that recognizes users by how they physically use their computer or tablet. The firm’s technology collects and analyses over 400 bio-behavioral, cognitive and physiological parameters based on how people type and move a cursor around to create unique profiles for visitors to sites.

In addition, the system creates invisible challenges for visitors to sites. For example, when a user moves the cursor towards a button, they are deliberately knocked slightly off course and subconsciously have to correct in what the company says is a way unique to them. This, argues BioCatch, is more secure than traditional authentication methods, demonstrating an 80% reduction in false positives for detecting the same amount of fraud. It also significantly reduces friction for the customer because the system automatically kicks in when they visit a site using the technology. BioCatch says that it has signed up several unnamed banks and e-commerce sites, and that it will use the new funding to push on in North American and Europe as well as to expand R&D efforts. Funding will also allow to continue strengthening BioCatch offering and expand global reach in strategic markets, while keeping the world’s largest and most influential institutions safe and secure.

Posted in Best Practices for Merchants, e-commerce & m-commerce Tagged with: banking, banking and e-commerce, behavioural biometrics, BioCatch, biometrics, computer, e-commerce, funding, online banking, R&D, tablet

Merchant Cash Advance Accounts Coming Of Age

Big players are entering the merchant cash advance business and the industry’s smaller players are maturing. Meanwhile, the market is growing with the help of automated clearinghouse transactions.

The industry has caught the attention of high rollers who are transforming merchant cash advance into a mainstream option for funding small to midsize businesses.

In the past two years, venture capitalists and hedge funds have invested tens of millions of dollars in long-standing merchant cash advance firms and startups alike.

Meanwhile, big players such as PayPal and the card brands have launched their own programs to provide working capital to merchants.

The business has changed so much in the five years, it’s almost not the same business anymore, says a hybrid ISO and merchant cash advance company based in New York.

CEO of Capital Stack LLC, a merchant cash advance company in New York, has been monitoring the industry’s growth on his DailyFunder blog. He estimates that a year ago, there were about 50 merchant cash advance funders and about $1.5 billion in funding. This year, that number is north of 120, and the funding volume has doubled to $3 billion.

Counting mainstream funders such as Amazon and PayPal, which offer products that follow the cash advance model, the numbers are closer to $5 billion.

Until now, ISOs were using cash advances as an acquiring tool for credit card accounts. An estimate that of the 20 million to 25 million businesses in the U.S., about 5 million accept credit cards. When ACH opened up the remainder of those businesses for loans, the funding volume went off the charts. Now it’s going to grow 50-fold in a 10-year period, just because there are so many more businesses that are approvable.

The popularity of cash advance is good news for ISOs, who might have an easier time pitching the product to merchants because they already know about it and know to ask for it.

A number of factors have coincided to make merchant cash advances more attractive.

Previously, cash advances were associated with luring merchants into a high-rate source of cash. Funders could charge any rates they wanted because the industry was so unregulated. As the industry has matured, the more disciplined companies have survived, while the others have fallen by the wayside, and with the recession causing fewer banks to offer traditional loans, the market is wide open for alternative funders of all shapes and sizes to enter the fray.

The industry has also outgrown the one-size-fits-all pricing that once defined it. Before, all lenders set high prices. Now, companies rely on risk-based pricing, which means better clients get better deals, and ISOs can offer more competitive pricing. That changed the dynamics of the industry.

But the real change in merchant cash advance, members of the industry say, has been the widespread use of automated clearinghouse payment transfers. It used to be that merchant cash advance was available only to companies that accepted credit cards. Now with more businesses accepting payments online via ACH, there is another mechanism for collecting from merchants.

It took some time for people to accept people going into their bank account and debiting their account. Five or six years ago, no one would have allowed someone to do something like that.

Today, everybody’s fundable, as long as you have a bank account. Gone are the days when ISOs had to walk away from potentially big deals because the merchant didn’t accept credit cards, or didn’t have enough processing volume. ISOs and merchants now have more flexibility to walk into just about any business and offer financing. That’s why it’s mainstream.

Posted in Best Practices for Merchants, Financial Services, Merchant Cash Advance Tagged with: accept credit cards, accounts, ach, acquiring, Amazon, approvable, automated, clearinghouse, credit-card, funders, funding, high rate, high rollers, ISO, merchant cash advance, PayPal, traditional loans, transactions, unregulated, venture capitalist, working capital