September 10th, 2020 by Admin
There are few moments like now where American consumers are collectively open to the idea of new payment methods – especially contactless ones such as mobile wallets. This is good news for businesses since mobile wallets offer a safer payment alternative to credit cards and drastically reduce customer wait times at checkout.
Mobile wallets (such as Apple Pay and PayPal) use authentication, monitoring and data encryption to secure and transmit personal information, and the level of security associated with them has payment card issuers backing their use. This is certainly helping drive consumer adoption, as does convenience.
In fact, global mobile wallet transaction value is estimated to reach nearly $14 trillion by 20201 – and that is a pre-COVID-19 estimate. New estimates are higher and point to further rapid adoption given the current need for touch-free payment options. According to a recently published Visa Back to Business report,* 70 percent of consumers surveyed in June 2020 have used a new shopping or payment method for the first time this year.
A rapid shift has begun and the numbers tell the storySo what is holding back business adoption of mobile wallets? Until recently, it just wasn’t a priority for many small- and medium-size businesses to enable it or educate their employees on its use. The lack of preferential demand didn’t make it a pressing topic. But that is changing. Consider this:
- According to Forbes,2 by 2026, digital natives will be 59 percent of the consumers in the U.S. market.
- Of this, 45 percent will be specifically Millennials and Gen Z, representing the largest purchasing power.
- As Gen Z move into becoming the largest generation cohort, their purchasing power will be $143 billion.
But it’s not just what lies ahead that SMBs should be focused on now.
According to Visa’s Back to Business report, shoppers are now putting COVID-19 safety measures at the top of their shopping lists and they will reward stores that do the same. In fact, if all other factors were equal (price, selection, location), nearly 63 percent of consumers surveyed would switch to a new store that installed contactless payment options, such as mobile wallets.3
What does this mean for you? Now is the time to connect with customers to make sure they are fully contactless capable and have the technology in place to accept many of the most popular mobile wallets.
1Payments Industry Intelligence, “The rise of digital and mobile wallet: Global usage statistics from 2018,” November 25, 2018.
2Forbes, January 2020
3Visa Back to Business report 2020
Posted in Digital Wallet Privacy, e-commerce & m-commerce, Electronic Payments, Internet Payment Gateway, Mobile Payments, Uncategorized Tagged with: business, digital payment, digital payments, Digital Wallet, Digital wallets, mobile, mobile commerce, Mobile Devices, mobile payment, Mobile Payments, mobile wallet, mobile wallets, payment, payments
November 15th, 2018 by Admin
When you think of starting a business, you often think of making a huge investment: Office, marketing materials, furniture, inventory, etc. The reality is that not all companies need that and not all need an office to start. Here are ten businesses you can start from home now.
1. Web Design: If you have experience building websites or do it as a hobby, do it this one is for you. Website design is in high demand, and although there are Do-It-Yourself sites available, not everyone wants to spend the time doing it. This is where you come in, create a fantastic website, a portfolio with your best work and get started.
2. Virtual Assistant: If you have experience as an Administrative Assistant, Executive Assistant or you are just good at the computer this one is perfect for you. With many people working and managing the business online, it is only fit that many entrepreneurs look for virtual admins to help them with everyday tasks. Some might hire you for a short-term/one task kind of project, while others might want to hire you for the long term. Be sure you outline a plan to figure out which type of projects you want and which industries you would want to focus on.
3. eBay Seller: If you have been online, we are sure you or someone you know have heard of Gary Vaynerchuk and his flip challenge. Essentially, you would buy items at a garage sale that you know you can sell for more online. You can try this approach or start by selling books and other things you have already at home, and you don’t use. It is an easy and not complicated way start a side business. Just be sure to abide by their terms of service.
4. Accountant: Do you work as an accountant? Those online businesses and even brick and mortar businesses are always in need of an accountant. Find out competitive rates in your area and reach out to companies that might be in need of your services. Do a good job and good luck!
5. Copywriter: Marketing is significant for any business, writing good copy is essential for this part of the business, and you might be the person who makes a difference in the company’s advertising efforts.
6. Driver: With companies like Uber and Lyft offering ride services, it is easy to start your own ride service business. You can join either of them and get started. Do keep in mind that they do have guidelines when it comes to the vehicles. After all, they are the brand.
7. Consultant: If you are highly knowledgeable about a specific topic and you know there is a demand for this kind of information, you can sell your services as a consultant. Set up a rate and know who your customer will be and get started.
8. Coach: This is another one that pays off when you are good at a specific skill. People can coach in a variety of subjects like Business, Life, work, spirituality and more. For this one, we recommend you get the tools needed by becoming a certified coach, although it is not necessary.
9. Meal Delivery Service: Similar to the ride services, you can deliver food by joining companies like GrubHub, Uber Eats DoorDash. Many companies offer this service, and you can get started as soon as your application is accepted. The benefit, like Uber or Lyft, is that you make your schedule.
10. Social Media: If you are creative like to write and enjoy social media, this might be a good business to start. This is the kind of business that is needed and can compliment a good marketing strategy. Remember to stay on top of trends, news and be willing to learn as this industry changes quickly but can be a rewarding experience.
There are many more businesses you can start home that requires minimal to no investment; we hope this list gives you an idea to get started.
Posted in Uncategorized Tagged with: business, coach, consultant, copywriter, customer, data, driver, ebay, entrepreneur blog, entrepreneurship, lyft, mobile, social media, tips, uber, uber eats, virtual assistant, web design, work from home, writing
August 25th, 2017 by Elma Jane
A travel merchant account helps you manage all your transactions. It also allows you to integrate into your booking software; plus, there are more features that you get to process payments in a secure environment.
Virtual Merchant Payment Terminal
This is a web-based system that allows you to view processed payments in real-time. You can access it using any web browser, and the transactions are conducted over a secure and encrypted connection.
Customers get receipts for their payments via email once the transaction is complete. You can also handle installments and recurring payments online. It also accepts different payment methods, including gift cards, electronic checks, and credit and debit cards.
Loyalty Programs
With a travel merchant account, you are able to reward your loyal travel customers. You can personalize your loyalty program for customers basing on their behavior. A loyalty program can offer free products or discounts on certain tour or travel packages.
Also, you can make gift cards part of your program. With these cards, you can simply load them with any dollar amount and present them to your customers. Plus, they’re re-loadable and offer a great way of advertising. These programs can go a long way in boosting your customer’s loyalty.
Trams & Sabre Integration
If you’re using Sabre Travel Network for agency services, you can easily integrate your account into Sabre to improve your travel options. This integration allows you to provide convenient payment methods for customers searching for cruise lines, hotel properties, car rental services, and airlines.
Also, for those using Trams for accounting and reporting, NTC travel merchant account lets you make a simple integration. In the long run, you are able to focus on growing your travel agency and offer quality services to your clients.
Mobile Processing
Accepts payments fast and on-the-go with mobile processing solutions that are PCI compliant. With this service, you only need to use a mobile device card reader to swipe cards.
Mobile payment processing allows you to use your own iOS or Android device with a free mobile app which you can integrate with your account to manage transactions.
Offering a convenient and smooth payment methods to your clients is one of the ways to grow your business. National Transaction Corporation merchant account, offers secured travel payment processing services e-Pay, to process your payments; with no delays and at a very competitive rates.
Also, you can accept payments from anywhere and get 100 percent funding. Faster deposits for bookings, which can occur as quick as the next business day.
To speak to our travel payment consultant, call now 888-996-2273
Posted in Best Practices for Merchants Tagged with: card reader, credit, debit cards, electronic checks, Gift Cards, Loyalty Programs, mobile, payment processing, payments, PCI, swipe, terminal, transactions, travel agency, Travel Merchant, virtual merchant
July 18th, 2017 by Elma Jane
1979 was a turning point in the credit card processing industry. Point of sale terminals emerged that year when Visa introduced a bulky electronic data capturing terminal which was the first payment credit card terminal.
In the same year, magnetic information stripe was added to the credit card which allowed card information to be captured electronically. Now Mag stripe was replaced by EMV (Europay, MasterCard and Visa) .
In 1994, the first version of the EMV was released and it became stable in 1998.
The United States started using the EMV Technology in 2014.
The future of payment will see Mobile payments, Electronic payments and Contactless payments like NFC (Near Field Communication) and smart cards, and is now taking over the traditional payment. Electronic Payment Technology will continue to evolve.
Posted in Best Practices for Merchants Tagged with: contactless, credit card, Electronic Data, electronic payment, EMV, mobile, nfc, payment, point of sale, terminals
May 19th, 2017 by Elma Jane
NTC Product and Services
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 20 years of experience, National Transaction offers a variety of electronic payment services and technology for Retail and Ecommerce industries. From Travel, Medical Industry, Charitable Institution and Franchise.
Our services include:
Loans/Funding Program
Credit and Debit Card Processing
Currency Conversion
Electronic Checks
Electronic Invoicing
Gift and Loyalty Card Programs
Mobile and Online Solutions
Shopping Cart E-commerce Payment Gateway
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 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 888-996-2273
or visit Nationaltransaction.Com
Posted in Best Practices for Merchants Tagged with: debit card, ecommerce, electronic payment, loans, Loyalty Card, mobile, online, payment gateway, travel
April 17th, 2017 by Elma Jane
Intelligent Use Of Big Data
In understanding Big Data for Merchants, NTC provided a general overview of how online merchants can use Big Data. Think about this application of big data as adopting a more intelligent use of data.
Keeping customers happy is the key to the travel industry, but customer satisfaction can be hard to gauge in a timely manner. Big data analytics gives these businesses the ability to collect customer data, apply analytics and immediately identify potential problems before it’s too late.
Collecting Big Data is the easy part. Storing, organizing, and analyzing it is much more complex.
One seam of data that several experts identify as a particularly rich, emerging source of information can be as diverse as a CRM and your own website. Mobile communications, including text messages and social media posts such as Facebook and Twitter.
A business could analyze data on visitor browsing patterns, login counts, phone calls, and responses to promotions.
In a shopping cart analysis, in which a merchant can determine which products are frequently bought together and use this information for marketing purposes.
A Virtual Merchant can capture email addresses at the Point-of-Sale (POS) into a database to assist merchants and consumer stay connected.
As more Big Data solutions for small online businesses come to market and more online merchants incorporate Big Data into their business tool set, employing Big Data will become a necessity for all Merchants.
Using data wisely has the potential to boost margins and increase conversions for online merchants. Application of big data is a more intelligent use of data.
You know WHO, WHAT, WHEN, AND WHERE a purchase took place.
NationalTransaction.Com 888-996-2273
Posted in Best Practices for Merchants Tagged with: data, database, merchants, mobile, online, point of sale, virtual merchant, website
March 15th, 2017 by Elma Jane
Payment Options
Technology continues to evolve, offering multiple billing and payment methods increases satisfaction by improving customer experience.
Customers will continue to move toward digital life, like embracing different forms of online billing and ways to accept payments.
Creating convenient ways to accept payments and having more options can reduce the time it takes your business to get paid.
Accept debit and credit card payments online; to offer this feature you need to get a merchant account.
Options for accepting payments:
Electronic Check Service (ECS) – convert paper checks to electronic transactions, with NTC’s ECS. Converting paper checks to electronic transactions eliminates many of the risks and costs, adding money to your bottom line.
Mobile Payments – the opportunity to increase revenue through mobile payments is huge. Many consumers find that mobile bill pay makes shopping easier, more convenient and saves time. Converge Mobile Solution lets you accept card payments using smartphone or tablet. The app works with most Apple and Android mobile devices.
Online Payment Gateway – offering customers an online payment form enables them to pay you easily and allows you to accept payments by credit card, debit card or echeck.
Electronic Invoicing (NTC ePay) – send your customers an invoice by email and get paid in minutes. Electronic Invoicing gives your customer the ability to pay their bills and receive a receipt in seconds by email.
Learn more about accepting electronic payments with NTC or sign up with us.
No setup or cancellation fees, there’s no risk! call now 888-996-2273
Posted in Best Practices for Merchants Tagged with: credit card, customer, debit, echeck, ECS, Electronic invoicing, electronic transactions, merchant account, mobile, online, payment, payment gateway
February 13th, 2017 by Elma Jane
Smart Device for Lodging Transactions
Function meets form with this latest payment terminal.
Accepts All Payments – Magstripe, Chip (EMV) Cards, Mobile Payments like Apple Pay (NFC) and Manual Keyed.
An All-In-One Smart terminal – simplified, single card slot for Magnetic Stripe and EMV. Customer display for PIN, signature, tipping, receipts and more. Interactive 7″ touchscreen. Connects to Wifi or Ethernet. With built-in printer.
Security – PCI certified, End-to-End Encryption. Data is protected by the latest technology.
Supports Lodging Transactions – Check-In/Check-Out, Quick Stay, Incremental Authorization/Update. Sale, refunds, and voids.
Reporting (HQ) – a simple dashboard where you can monitor your sales, refund transactions, get business insights and alerts, and view settlements and transaction in real time. Accessible on the internet or from the HQ App on your Smartphone.
Robust Payment processing – access your funds within 24-48 hours, 24/7 customer service, convenient reporting, PCI program & data breach coverage.
For Electronic Payments call now 888-996-2273 or go to www.nationaltransaction.com and click get started.
Posted in Best Practices for Merchants, Credit Card Reader Terminal, Electronic Payments, EMV EuroPay MasterCard Visa, Near Field Communication, Payment Card Industry PCI Security Tagged with: data, EMV, mobile, payment, PCI, Security, terminal, transactions
February 9th, 2017 by Elma Jane
Electronic Giving Is it Right for your Church?
The congregation is ready for Electronic Giving, implement Electronic Giving in your Chruch with NTC.
According to Federal Reserve Bank, people are writing fewer checks and using electronic payments more.
Reasons Church should offer Electronic Giving:
Donors can make additional contributions.
Electronic Giving encourage and promote Financial Health.
Infrequent givers become regular givers with Recurring Payments.
People who can’t attend service or forgot to bring checkbook can still give.
NTC Electronic Giving Offers:
Mobile offsite activities fundraising-NTC E-Pay email invoicing-Security data Breach Protection
Automatic, recurring donations: Reoccurring Donations: Secure Payment Form For:
Online Electronic Giving Auto updater Website
Use credit or debit card Web Form Social Media
For Electronic Giving call now 888-996-2273 or visit www.nationaltransaction.com and click get started.
Posted in Best Practices for Merchants Tagged with: credit or debit card, E-Pay, electronic, electronic payments, financial, invoicing, mobile, online, Recurring Payments, Security
January 24th, 2017 by Elma Jane
How to set up a travel merchant account?
First, you need to find a Merchant Service Provider.
Put together your business profile so you can start applying for a merchant account.
There are questions that you’ll need to answer, that way merchant account providers have an idea of how they should set up your account.
Some of the questions are:
Is your business seasonal?
For Travel Agencies or Tour Operators, it is seasonal, there will be high and low volume. NTC works with seasonal downtime.
How do you intend to accept payments?
Different business models require different methods of accepting payments.
If you’re doing face to face transaction and have a physical location then you need a credit card terminal.
If you process checks, then you need Electronic Check and ACH Transfers.
For e-Commerce shopping carts, wireless/mobile, you can check out our Converge Virtual Merchant and NTC e-Pay.
How much volume do you plan on processing?
Merchant account providers are going to want to know how much sales volume you plan on processing per month.
If you’re new in the business – give just an estimate average of how much you’ll be processing (per month), within the first 6-months of operation.
if you’ve been in the business – you’ll already have this number ready.
What will be your average ticket price?
Example:
Total Sales Revenue = $150,000
Total Number of Sales = 500 150,000/500 = $300 (Average Ticket Price)
If you need to setup an account give us a call at 888-996-2273 or use our contact form.
Posted in Best Practices for Merchants Tagged with: ach, credit card, e-commerce, E-Pay, Electronic Check, merchant account, merchant service provider, mobile, payments, shopping carts, terminal, transaction, travel, virtual merchant