October 7th, 2018 by Admin

National Transaction Celebrating 21 years

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.

 

National Transaction at the ASTA Global Convention

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: , , , , , , , , , , , , , , , , , , , , , , , , ,

June 11th, 2018 by Admin

Cash When You Need it by Not Holding Funds

In our second installment, we talked about NTC’s newest solution, NTC ePay. This third and final reason in this series will go over how NTC keeps your cash flow going.

Due to the history of travel businesses, many travel agencies are given a travel merchant account with monthly credit card processing volume caps. This means merchants are only permitted to handle a specific number of credit card transactions per month. Once that limit amount is reached, the merchant can no longer take credit cards for purchases that month. This keeps a business, especially an e-commerce merchant that relies on credit card payments, from operating effectively.

travel-agents-cashflow-National-Transaction-Corporation-Merchant-account

Imagine the impact on your travel agency when you no longer have to worry about having your cash flow stopped. We work very hard to eliminate holds and reserves on all our travel accounts.

Now imagine you getting approved for large volume.

You will agree that those two factors will have a huge positive impact on your business growth.

Most merchant providers usually hold funds from travel agents, because historical data shows that consumers are much more likely to dispute and chargeback travel agency transactions because of a change in their travel plans.

You may be wondering, why do we not hold your funds?

Well simply said, because we understand your business. NTC has been doing business with travel professionals like you for over 20 years and we understand that holding funds creates a huge hassle for your operation. We understand that cash flow is essential to your continued success.

With NTC travel agents can feel confident that they will maintain cash flow to help their business operate smoothly and efficiently without interruptions.

Why do travel merchants flag large transactions?

Many travel merchants many times run thousands of dollars worth of transactions and their processor tells them they’re going to simply hold the transaction and not pay the merchant.

We understand how critical it is to have funds available because many agents have shared how with other merchant providers, their cash flow has come to a complete halt at times.

Remember that when you choose a travel payment processor, you must be sure to choose one with experience in working with travel agencies like NTC.

At NTC, we assist you in developing and implementing your fraud prevention procedures, so that you can be proactive in identifying and correcting potential weak spots in your processing cycle.

Over these past three blog articles, we have shared the three main reasons why travel agents like you prefer National Transaction Corporation. Now we want to hear from you as to which of these three reasons is most important for your travel agency business. We’d love to read your comments below.

Posted in Credit card Processing, e-commerce & m-commerce, Electronic Payments, Merchant Services Account, nationaltransaction.com, Travel Agency Agents Tagged with: , , , ,

Ecommerce and Electronic Payment Technology
June 27th, 2017 by Elma Jane

E-commerce has been growing, and now the overall market is starting to take notice; thanks to advances in online payment processing and electronic payment technology, as well as the willingness of almost all merchants to accept credit cards online.

E-commerce ecosystem are set to double and will account for a rising share of overall card payments. In addition to increased internet and smartphone penetration; more e-commerce merchants and an increase in the use of digital wallets.

Cardholders globally are becoming more confident in the security of the e-commerce channel, with the expected implementation of 3D-Secure 2.0 and increased use of sophisticated anti-fraud systems in many markets it gives consumer assurance that payment cards are safe to use for e-commerce purchases.

Trends indicate that e-commerce is the wave of the future for shoppers. But digital shopping is just one piece of the broader payments ecosystem.

For Electronic Payment Set Up Call Now! 888-996-2273

Let’s Get Started National Transaction.Com

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

Accept Payments Your Way
December 14th, 2016 by Elma Jane

Accept Payments YOUR Way!

Learn more about the full range of payment capabilities offered by Converge, an omni-commerce platform that lets you accept payments your way. Online, In-Store and On the Go!

Accept a full range of payment methods:              

  • Credit Cards
  • Debit Cards
  • Electronic Checks
  • Gift Cards
  • Electronic Benefit Transfer (EBT)
  • Cash

Advanced features also include:

  • Available enhanced security features, including EMV, encryption and tokenization
  • Detailed reporting with up to 12 months of data storage
  • Customizable payment screens
  • User permission management for up to 5,000 users

National Transaction Corporation accept payments wherever you are with security while having a peace of mind for you and your customers. Furthermore, flexible solutions that empower your business growth in addition to world class support for complex integrations and answers to your toughest questions. Let our payment specialist find the right solution for your electronic payment needs. We offer transparent pricing and services that work with your existing technology to provide a low cost automated billing and collection solution.

Call now at 888-996-2273 and get a FREE Rate Review! 

 

Posted in Best Practices for Merchants, Credit card Processing, e-commerce & m-commerce, Electronic Check Services, Electronic Payments, EMV EuroPay MasterCard Visa, Travel Agency Agents Tagged with: , , , , , , , , , ,

The Process of Processing Electronic Payments
December 6th, 2016 by Elma Jane

The Process of Processing Electronic Payments

Today new technologies are emerging in electronic payment that allow merchants to collect valuable data on their customers; from emailing receipts to providing incentives to mention the merchant on social media.

So what’s behind the process of processing electronic payments? The heart of all your payment processing needs will most likely lie in a merchant account; with a merchant account you can deposit funds from ebt cards, debit cards, gift or loyalty cards and even checks into your bank account. If your business has never had its own merchant account, it’s probably missing out on some very valuable opportunities.

At National Transaction Corporation this process is simplified to a signature page and a voided check. We consult your business personally to establish the lowest rates and fees possible with your electronic payment processing. We ask detailed questions about how you process your transactions, and if you already process credit cards, we offer a free statement review where we determine your most common transaction types and how to lower t­­­­­­­heir fees and rates.

How Much Will Electronic Payment Processing Cost?

There are three parts to the answer:

Up front or startup costs – include things like an application fee, an account setup fee and equipment fees. At NTC, we don’t have any application, setup or cancellation fees on our services. Our credit card readers and terminals are nonproprietary and will work with almost any merchant services provider and we sell them at cost to make it easier on our merchants.

When you buy a terminal from us you own it and are free to leave us at any time and use the terminal to process through another merchant account provider with no penalty payments at all.

Other startup costs might be:  

  • check readers,
  • cash registers and receipt printers
  • mobile point of sale software
  • credit card swipe readers
  •  Accounting software (Intuit’s Quickbooks Pro or PeachTree)

If you already own any of this equipment we can integrate your existing hardware into our services. 

Monthly service fees –  depend on what services are required; included in the monthly fee detailed statements and reporting on transaction activity. 

Transaction fees – MasterCard, Visa and American Express set what are called interchange rates. Interchange rates are a per transaction fee and/or a percentage rate based on the total of a sale. Interchange rates are very complex and consume hundreds of pages of different types of electronic transactions. These transactions are based on the type of business processing the transaction, the way the credit card data is input (like a credit card that is swiped in or manually keyed into a credit card terminal of some type) and the type of credit card used for the transaction (rewards card, corporate card, travel and entertainment credit cards, ebt cards and so on). With so many types of cards and businesses to process it’s impossible to give an accurate rate for all charges.

Again, we have no fees associated with applying for or setting up the merchant account and there is no penalty for cancellation so there are no risks in trying it out. We can do merchant rate review for free. Call us now 888-996-2273

Posted in Best Practices for Merchants, Travel Agency Agents Tagged with: , , , , , , , , , , ,

November 28th, 2016 by Elma Jane

Payment acceptance is key to making more money.

Let’s talk about your money, and how to make more of it. Today money is taking on a new form. It’s digital, it’s electronic and it’s everywhere and anywhere 24/7/365.

Payment acceptance is key to making more money. You don’t make more money by not accepting a transaction, and making the experience convenient and safe to your customer can bring loyalty. 

Let’s break down a transaction.

Cash, but that would mean that the customer has to be in front of you. You could take checks, those are safe to mail, but then you don’t have your money until you drive to the bank and cash or deposit the check.

So how do we easily and securely transfer funds for a transaction? The answer lies in digital or electronic payments. Accepting credit cards, debit cards, ebt cards or even gift & loyalty cards and electronic checks. These provide secure and convenient ways to complete transactions for your customers. If you want to make more money, make it easy for customers to spend it while making it faster for you to receive it. That’s where a merchant account comes in.

A merchant account allows you to deposit funds directly into your bank account in as little as a few hours. Whether the customer swipes their card into your smartphone, calls it in over the phone or keys it into your web site, just having a merchant account can be a huge advantage over competitors.

It allows you to conduct transactions in more ways than cash or checks alone. Transactions are recorded automatically and can easily be reconciled for both customer and merchant. Most importantly it widens the opportunities to conduct sales to the widest customer audience possible.

No matter what you sell or how you sell it, the sale is only complete once the funds are transferred from one party to the other. 

It’s important to recognize your missed opportunities. Could accepting electronic payments help increase your revenue stream? We’re here to help you make more money, let us show you the many ways we can do just that. Let’s talk, 888-996-CARD (2273)

Posted in Best Practices for Merchants, Credit card Processing, e-commerce & m-commerce, Electronic Check Services, Electronic Payments, Gift & Loyalty Card Processing, Mail Order Telephone Order, Mobile Payments, Travel Agency Agents Tagged with: , , , , , , , , , ,

Tokenization and Encryption
November 18th, 2016 by Elma Jane

Tokenization and Encryption are completely different technologies when it comes to securing ­sensitive data, such as credit cards.

Encryption tools and techniques is to mask original data, then allow it to be decrypted. It uses an algorithm to scramble credit card information that makes the data unreadable to anyone.

Encryption is most often “end-to-end.

Example:  When someone enters card data into a web browser to buy an item and decrypted when the purchaser’s authorized credit card information reaches its intended destination, which is the merchant’s e-commerce database.

Encrypted card data is unreadable while it’s “at rest” in a database or “in motion” during a purchase transaction; and inaccessible until a key decrypts it. The chances of a hacker stealing the data is minimal. But, if card data passes through multiple internal systems en route to an acquiring bank or payment gateway, the encrypt/decrypt/re-encrypt process could open a wide security hole, thus creating vulnerabilities to hackers.

Tokenization have found to be cheaper, easier to use and more secure than end-to-end encryption.

Tokenization completely removes credit card data from internal networks and replaces it with a generated, unique “token”. Tokens have no meaning and are worthless to criminals if a company’s system is breached.

Merchants use only the token to retrieve, access, or maintain their customers’ credit card information.

Example: Actual credit card number was 3234 4567 8789 78910, it might become FHIW145BVE65478 when a token is generated. The token is randomly generated and there is no algorithm to regain the original card number. hackers can’t reverse-engineer the actual credit card number, even if they were to grab the tokens off the servers.

Using tokens doesn’t change a merchant’s payment processing experience. Only they’re much safer for a merchant than actual credit cards.

Posted in Best Practices for Merchants, Credit Card Security Tagged with: , , , , , , , , , , ,

Personal Guarantee
October 6th, 2016 by Elma Jane

A personal guarantee is an agreement. The guarantors are responsible for repaying the loan with their personal assets; if a business is unable to finish repaying a loan.

This type of agreement is commonly required when you borrow capital from any bank; and also applies to many business credit cards. Traditionally, it is signed by anybody who at least owns 25% of the business.

Different Types of Agreements:

Some of them offer more protection for you and your business partners.

Unlimited Guarantee – is the only agreement available for a single-owner business, there’s a possibility that limitations are negotiable with your lender upon the agreement.

Limited Guarantee – the type of guarantee that are being used for businesses with multiple business partners are signing for a loan.

Two different types of limited guarantee:

Several Guarantee –  means that you and your partner are responsible for a set percentage of the outstanding capital and legal fees. It is more desirable because each partner knows and agrees to how much they’ll be responsible for ahead of time.

Joint and Several Guarantee – This type of agreement could lead to problems between you and the other guarantors if something should go wrong because each guarantor is responsible for the full amount of the loan.

Read the fine print before signing a contract.

  

Posted in Best Practices for Merchants Tagged with: , ,

PCI
July 14th, 2016 by Elma Jane

PCI Compliance applies to every merchant who is accepting credit cards large or small. Refusing or delaying to become PCI Compliant can end up being a costly mistake.

If you accept any credit or debit card payment, you need to be PCI Compliant no matter the volume is.

PCI applies to any company, organization or merchant of any size or transaction volume that accepts, stores or transmits cardholder data. Any merchant accepting payments directly from the customer via credit or debit card must be PCI Compliant.

The merchant themselves are responsible for becoming PCI Compliant, as the deadline for merchants to become Compliant is long overdue

Understanding and knowing the details of PCI Compliance can help you better prepare your business. Failing and waiting to become compliant or ignoring them, could end up being an expensive mistake.

The VISA regulations have to adhere to the PCI standard forms part of the operating regulations, the regulations signed when you open an account at the bank. The rules under which merchants are allowed to operate merchant accounts.

 

Posted in Best Practices for Merchants, Travel Agency Agents Tagged with: , , , , , , , ,

e-Pay
May 12th, 2016 by Elma Jane

Electronic commerce (eCommerce) is a type of business transaction, that involves the transfer of information on the Internet. This allows consumers to exchange goods and services with no barriers of time or distance electronically.
Business-to-Business (B2B) this refers to electronic commerce, between businesses rather than between a business and a consumer. These transactions electronically provide competitive advantages over traditional methods. It’s faster, cheaper and more convenient.
Creating a successful online store can be difficult if you don’t have knowledge of e-commerce and what it is supposed to do for your online business.

What do you need to have an online store?

  • Shopping cart – an operating system that allows consumers to buy goods and or services. Track customers, and tie together all aspects of e-commerce into one.
  • Or you can check out our NTC e-Pay no shopping cart Solution.
  • Taking online payment by getting a merchant account and accept credit cards through an online payment gateway.

You just need to make a better decision in choosing the right shopping cart and a merchant account for your eCommerce shop.

 

Posted in Best Practices for Merchants, e-commerce & m-commerce Tagged with: , , , , , , , , , , , , , ,