recurring Archives - Payment Processing News
July 24th, 2017 by Elma Jane

NTC provides customers with multiple options for their online business. Customers can work with one company and one product to satisfy all of their payment needs. This is a great benefit to small businesses and large businesses alike. If you have any questions or would like to set up an account, call now 888-996-2273.

Electronic Invoicing Made Simple with NTC e-Pay 

NTC GIVES.Com allows congregation to accept payments on multiple platforms.

NTC GIVES provide Electronic Payment System for:

Church, funding raising and charity projects.  

Process your Travel Agency Payments for less. Get 100% funding the next day.  

Electronic Payment Processing:

Take payments quickly and securely anywhere and anytime

Transaction can be processed in physical face-to-face, mail order/telephone order or e-commerce environments.

Recurring and installment payments available

Posted in Best Practices for Merchants Tagged with: , , , , ,

Best Practices For Merchants!
April 26th, 2017 by Elma Jane

Best Practices For Merchants!

Recurring and Installment Payments: 

Recurring Payments – allows merchant to set up payment amounts and billing cycles in which the payments occur.

Installment Payment – allows merchant to set up payment amounts, the number of payments and the billing cycle in which the payments occur.

Recurring is a useful feature with multiple applications: Donations, Memberships, Subscriptions and Utility Payments.   

For Electronic Payments Set up call now 888-996-2273!

or click here NationalTransaction.Com

 

Posted in Best Practices for Merchants Tagged with: , , ,

April 24th, 2017 by Elma Jane

Recurring Payments through VirtualMerchant

Recurring

Providing recurring payments is an easy way to increase retention, grow loyalty, and improve customer satisfaction.

Recurring Payments are automatic payments where a customer authorize a merchant to collect the total charges from a customer’s credit card or bank account every month. It is a useful feature with multiple applications: Donations, Memberships, subscriptions and utility payments.

Handle your recurring and installment payments with our single solution.

To set up a recurring payment, the merchant simply enters the specified charge, chooses the frequency of payment (weekly, monthly, annually) and the customer’s card is billed.

Automated recurring billing is an efficient, convenient and hassle-free service that can help merchants build and manage their business growth.

To set up recurring payment through VirtualMerchant call now 888-996-2273

 

Posted in Best Practices for Merchants Tagged with: , , , ,

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: , , , , , , , , ,

December 16th, 2013 by Elma Jane

1. Account Updater (Visa)

Incorrect billing information leads to declined credit cards, loss of sales and unhappy customers.

Visa touts its Account Updater as an easier way to keep customer data current. The tool appends all card data with up-to-date customer info so businesses can avoid difficulties over address changes, name changes, expired cards and more.

The tool can benefit any business that bills customers on a recurring basis.

It eliminates the need for manual administration, so it can lower your business’s operational costs and customer-service expenses. And by saving your clients the hassle of a declined payment, you can boost customer satisfaction and overall sales.

2. Netswipe

Paying online is convenient for customers, but keying in an unwieldy credit card number is still a pain.

Netswipe from Jumio gives customers an easier way: The tool lets users pay by snapping a photo of their credit card; it’s almost as easy as swiping your card through a traditional card reader.

According to Jumio, customers can use their smartphone or tablet to scan a card in as little as 5 seconds, whereas traditional key entry takes 60 seconds or more, on average. Having a quick and convenient way to pay could help contribute to a positive buying experience and encourage repeat business.

The system is compatible with any iOS or Android mobile device, as well as with any computer with a webcam.

3. Netverify

Jumio’s fraud-scrubbing tool helps you determine if your customers are who they say they are.

Net verify allows customers to snap a picture of their driver’s license or other identification using a smartphone, tablet or PC webcam. Once the image is taken, the tool can verify the authenticity of the documentation in as little as 60 seconds.

That’s much faster and more convenient than asking a customer to fax or mail a copy of their ID in the middle of a transaction.

The tool can verify identifying documents from more than 60 countries…including passports, ID cards and driver’s licenses, and even bank statements and utility bills. Jumio says its software is smart enough to automatically reject nonauthentic documents.

And customers can rest easy knowing that all submitted information is protected with 256-bit encryption to prevent identity theft.

Online merchants embed Netverify into their websites as part of the checkout process.

4. Payment Gateway

Payment Gateway service does all the heavy lifting of routing and managing credit card transactions online.

Portals like this one benefit small businesses by providing a fast and secure transmission of credit card data between your website and the major payment networks. It works a lot like a traditional credit card reader, but uses the Internet to process transactions instead of a phone line.

Payment Gateway also offers built-in fraud-prevention tools and supports a range of payment options, including all major credit cards and debit cards.

5. PayPal Here

Mobile credit card processing services like PayPal Here  make it easy to accept credit cards in person using a smartphone or tablet.

PayPal Here and other similar services send you a dongle that attaches directly to your iPhone, iPad or Android device, allowing you to swipe physical credit cards wherever you are.

One major benefit of mobile credit card readers is that they work with the devices you already own. That means there’s no need to carry around additional hardware, aside from the reader add-on itself. Most credit card readers attach to your device via the headphone jack or charger port, and are small enough to fit in your pocket.

The smallest businesses have the most to gain by opting for mobile credit card readers, which are cheaper and far more portable than traditional options.

6. Virtual Terminal

If you do business online, your website needs the infrastructure to accept credit card information.

Web-based applications like virtual terminal offer the basic processing functionality of a physical point-of-sale system, and are easy to install on your business’s website.

The system allows merchants to collect orders straight from the Web, or take orders via phone or mail and before initiating card authorizations online.

It also includes extensive transaction history to help you manage payment data, split shipments, back orders and reversals. Business owners can even receive a daily email report of all credit card transaction activity from the prior day.

 

Posted in Best Practices for Merchants, Credit card Processing, Credit Card Reader Terminal, Credit Card Security, e-commerce & m-commerce, Electronic Payments, EMV EuroPay MasterCard Visa, Gift & Loyalty Card Processing, Mail Order Telephone Order, Merchant Cash Advance, Merchant Services Account, Mobile Payments, Mobile Point of Sale, Near Field Communication, Point of Sale, Smartphone, Visa MasterCard American Express Tagged with: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,