October 7th, 2018 by Admin
National Transaction is celebrating 21 years in the business today. Founded in 1997 National Transaction (NTC) purpose is to serve businesses of all sizes with their cash flow with the highest levels of professionalism and care.
This 21 year anniversary would not be possible without our leader, Mark Fravel and we want to take you back to his why and the reason we are still here today.
The beginnings:
Mark, a single parent of 3 beautiful daughters, wanted to provide for their kids without being on the road all the time. And so, with this passion in mind, a desire to serve and commitment to his family, National Transaction was born.
NTC began like many business and passions, with no customers and only one employee but quickly grew and Mark knew that leading with confidence and excellence will drive this business somewhere.
The Present:
Now, NTC often ranks in the top 10 of many data and technology awards. This Excellence has also earned us an A+ rating in the Better Business Bureau.
This 21 years would not be possible without our desire to help a business grow and give them the right tools for their transactions. We love being on the phone with our customers, we love getting to know them and how we can provide our best service.
The Future
Mark started this with a desire to be a family man, and so, this family feeling has stayed with our company. We treat our team like family, and we are excited about what our future holds the next 21 years.
Thank you for celebrating 21 years of customer service, passion, connection and above all, quality. We will continue to provide you with the best service we know how to give, and we will uphold our promise and mission to make digital transactions reliable and simple to the merchant and familiar to the consumer, reducing the complexity and expense to both.
Thank you for being part of the National Transaction Corporation‘s family.
Posted in nationaltransaction.com Tagged with: Anniversary, ASTA, Better Business Bureau, business, card, consumers, credit card, credit cards, credit-card, customer, customers, data, e-commerce, entrepreneur, entrepreneurship, MasterCard, merchant, merchant account, merchants, Mobile Payments, National Transaction, payments, point of sale, Security, transaction, visa
September 5th, 2017 by Elma Jane
It’s true that the travel agencies are high risk. This is because of the high chargebacks by travelers who fail to complete their trips or stays due to a variety of reasons. But, using the right merchant solutions can make a difference.
You want merchant solutions that help you to manage chargebacks, errant transactions, and terminal messages. Additionally, you should be able to integrate your software with services such as Sabre Red, Sabre, Trams or other accounting programs such as QuickBooks and Peachtree.
With NTC ePay, simply create a pay button for any dollar amount. Then send this digital link to your customers via email. The customer reviews the invoice details and enters their payment information to complete payment.
With this service, you avoid the complexities of integrating the software with your shopping cart, the point of sale, or accounting system.
For Electronic Payment Set Up Call Now! 888-996-227
Posted in Uncategorized Tagged with: chargebacks, high risk, merchant, payment, point of sale, terminal, transactions, travel
August 29th, 2017 by Elma Jane
Running an e-commerce website, travel agency, retail store or any other business that requires payment processing can be overwhelming.
You’ve got to monitor your transactions, ensure security to your customers, and generate reports. That’s a lot of work. However, with NTC payment solutions, you can streamline the whole payment process and stay on top of your operations.
With the right service, it allows you to get paid faster, offer loyalty programs, and process payments on the go. Depending on your business, you want to pick the right solution that best suit your needs.
Let’s explore some of the options you can consider.
With the right software, you can gain control of your business from inventory and order management to refunds and returns. No matter how you have set up your point of sale system, having the right software can make a great difference.
You want a software that lets you add other functionality, such as loyalty cards, sales exchanges, layaways, discounts, etc. This allows you to experience seamless customer management, inventory management, and retail accounting.
With the advancement in technology, you can access your point of sale system right on your iOS or Android device. This technology can replace your bar code scanners and cash registers to improve your in-store payment processing. There are also card readers that you can connect to your phone to start processing payments.
National Transaction can provide hardware, software, and support for any point of sale and other merchant solutions that your business needs.
To speak with our Payment Consultant Call Now 888-996-2273
Posted in Best Practices for Merchants Tagged with: card readers, e-commerce, Loyalty Programs, merchant, payment processing, point of sale system, Security, technology, transactions, travel
August 18th, 2017 by Elma Jane
Before you can start accepting credit card or electronic payments, there are a number of factors to consider.
You will need to decide on a Point of Sale system. Some Merchant Services Providers require you to use only their equipment.
Some of these systems have expensive equipment costs. Others will provide you with free card readers. Companies offering free equipment may do so in exchange for higher processing fees.
Before you choose a Merchant Services Provider, you should look into how they work those fees.
Understanding Processing Fees
Credit card processing fees have several moving parts, so we aren’t going to dive too deeply into how these fees are determined. We will, however, take a broad overview.
Merchant Services Providers will charge either a flat rate, a percentage, or a combination of the two. This fee is called an interchange rate.
Interchange rates vary between card providers, which is why some sellers don’t accept certain credit cards and why many small companies have minimum requirements for credit card payments.
Some Merchant Services Providers don’t charge a flat transaction fee, however, they usually charge a higher percentage for payments.
Each model has its benefits and disadvantages.
Before choosing a Merchant Services Provider, familiarize yourself with their processing fees. Consider how they will fit with your business model. Are most of your transactions smaller or larger? How much will a free card reader save you?
Weigh every option out before you lock yourself into an agreement.
For Payment Consultation call now and speak to our Payment Consultants 888-996-2273!
Posted in Best Practices for Merchants Tagged with: card readers, credit card, electronic payments, interchange, merchant, point of sale, transaction
August 17th, 2017 by Elma Jane
How Do Credit Cards Work?
Paying with a credit card seems like a simple process. You charge the customer, they swipe their card, and then they walk out the door.
But behind the scenes, it’s a bit more complicated.
A credit card payment involves four parties.
- The Merchant
- The Customer
- The Issuing Bank
- The Merchant Services Provider
You know who the Merchant and Customer are – that’s the easy part.
The Issuing Bank is the institution that lends money to the Customer.
When the Customer swipes their card, the Issuing Bank lends them the sale amount. This loan is given with the understanding that the Customer will pay the amount back within 30 days or repay it with interest.
Before the Merchant sees any of that money, it goes through the Merchant Services Provider. In exchange for their credit card processing services, they take out a fee before paying that money to the Merchant.
These fees vary between Merchant Services Providers, but one thing is certain: The Merchant always receives less money than the Customer paid them.
This might seem like a raw deal. However, accepting credit cards can lead to more sales than if you only accept cash.
On our next article we will discuss how to start accepting credit card payments and understanding the processing fees….so stand by for more information about Electronic Payment Processing.
Posted in Best Practices for Merchants, Credit card Processing, Electronic Payments Tagged with: bank, credit card, customer, electronic payment, loan, merchant, payment
July 11th, 2017 by Elma Jane
NTC ePay is for any merchant who wants to avoid the complexities of a shopping cart or integration into an accounting system or point-of-sale. When custom pricing becomes an issue, shopping carts, POS systems, and booking engines tend to get immensely complicated.
NTC ePay does away with those complications by allowing merchants to simply email a payment request that can be paid in 2 simple steps.
When you call National Transaction, we pick up the phone ready to assist your business. Our dedication to supporting our merchants is unparalleled, from the point of sale and beyond.
Our commitment to our merchants extends to their interests with NTC Gives.Com, a program designed to give back to a charity of their choice. Call today and let National Transaction Corporation earn your business.
Contact National Transaction Corporation today at 888-996-2273, or visit us online
at www.nationaltransaction.com for more information.
Posted in Best Practices for Merchants Tagged with: merchant, payment, point of sale
May 22nd, 2017 by Elma Jane
Discount Rate: Qualified Mid or Non-Qualified Transactions
Discount Rate – is a percentage of the total sales submitted to the Bank for processing.
Qualified Transactions – are those in which an authorization was obtained electronically, the transaction was settled within the appropriate time frame, and the transaction meets all other requirements imposed by the bank. With qualified transactions you can get the lowest possible discount rate which is the Qualified Rates. The processor determines what transactions are qualified.
Mid-Qualified Transactions – include but are not limited to those transactions where the card is affiliated with a special issuer program or did not meet requirements imposed by the bank processor.
Non-Qualified Transactions – include but are not limited to those transactions where the authorization was obtained by calling a voice or Voice Recognition Unit (VRU) authorization number, the card is affiliated with a special issuer program, the transaction was not settled in the appropriate time frame, or the transaction did not meet the requirements imposed by the bank.
Mid or Non-Qualified transactions may be subject to increased fees and or Discount Rate as determined by the Bank.
If you are a mail order telephone order or e-commerce Merchant, the bank card brands/organizations require additional data elements to be submitted as part of the transaction record in order for the transactions to qualify for the lowest possible discount rate.
For Electronic Payment Set up call now 888-996-2273 or click here NationalTransaction.Com
Posted in Best Practices for Merchants Tagged with: bank, data, e-commerce, electronic payment, merchant, processor, transaction
May 15th, 2017 by Elma Jane
Process Your Travel Agency Payments For Less. Get 100% Funding The Next Day!
Call now 888-996-2273 or sign up here NationalTransaction.com
Posted in Best Practices for Merchants, Travel Agency Agents Tagged with: merchant, payments, travel, travel agency
May 11th, 2017 by Elma Jane
Three Domain Secure (3-D Secure)
Visa is announcing a global plan to support 3-D Secure 2.0 to help protect e-commerce transactions.
3-D Secure (3DS) – stands for Three-Domain Secure. A messaging protocol to enable consumers to authenticate themselves with their card issuer when making card-not-present (CNP) e-commerce purchases. 3DS is an additional security layer that will help prevent unauthorized CNP transactions and protects the merchant from CNP exposure to fraud.
The three domains consist of:
The merchant/acquirer domain
Issuer domain
the interoperability domain (payment systems)
The purpose of the 3DS protocol within the payments community is to facilitate the exchange of data between the merchant, cardholder and card issuer. The objective is to benefit each of these parties by providing the ability to authenticate cardholders during a CNP e-commerce purchase, reducing fraud.
Visa currently offers its 3-D Secure service through the Verified by Visa program, which supports the existing 3-D Secure 1.0 specifications for consumer authentication.
Visa anticipates that early adoption of 3-D Secure 2.0 will begin in the second half of 2017.
Merchants that authenticate transactions using 3-D Secure are generally protected from issuer card-not-present fraud-related chargeback claims,1 and this rule will extend to merchant-attempted 3-D Secure 2.0 transactions after 12 April 2019, the global program activation date.
For Electronic Payment Set Up go to NationalTransaction.Com or call now 888-996-2273!
Posted in Best Practices for Merchants Tagged with: card, card-not-present, cnp, data, e-commerce, electronic payment, merchant, payment, Security, transactions
May 5th, 2017 by Elma Jane
Tokenization is a powerful security feature that allows a merchant to support all of their existing business processes that require card data without the risk of holding card data and without any security implications, because tokens are useless to criminals, they can be saved by the merchant as they do not represent any threat.
The liability and costs associated with PCI compliance is substantially reduced and the risk of storing sensitive data is eliminated.
Tokenization applies to credit card and gift card.
Merchants set up for the tokenization service receive responses that include a token.
The token generated is not linked to a specific transaction but to a specific card number and the token generated for that transaction will be identical for every use of that card number and merchant.
Furthermore, you can generate a token and save the token with associated information in the Card Manager.
For Electronic Payments with Tokenization call now 888-996-2273
or click here NationalTransaction.Com
Posted in Best Practices for Merchants, Credit Card Security, Electronic Payments, Payment Card Industry PCI Security Tagged with: card, credit card, data, electronic payments, merchant, PCI, Security, token, tokenization, transaction
