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Table of Contents

Lead Story

Oct. 1, 2011: D-Day for debit cards?

News

Industry Update

New Visa, MasterCard rates take effect

Heartland offers Durbin impact insights

Operation Swiper succeeds, cyber theft continues

World payments growing in recession

Trade Association News

Features

An interview with Douglas Bergeron

Ken Musante
Eureka Payments LLC

Underbanked in America

Patti Murphy
ProScribes Inc.

Research Rundown

Helping to expand services while minimizing costs

Square versus the payments world

Tim McWeeney

ISOMetrics:
Payroll and gen Y

Excelling at social media marketing

Selling Prepaid

Prepaid in brief

First Data powers prepaid for Google Wallet

Prepaid spot-on for incentives

Views

Merchants lack focus, fraud eats profits

Patti Murphy
ProScribes Inc.

Education

Street SmartsSM:
Vertical market tradeshows hold many helpful surprises

Bill Pirtle
MPCT Publishing Co.

Fraud's twists and turns in 2011

Nicholas Cucci
Network Merchants Inc.

Customer longevity in the new commerce chain

Dale S. Laszig
Castles Technology Co. Ltd.

Steps toward efficient IRS 1099-K reporting

Troy Thibodeau
Convey Compliance Systems Inc.

Company Profile

Lead Source Call Center

New Products

A complete online payment center

Transaction Express
TransFirst LLC

Cloud-based POS comes in three flavors

Morris
Moneris Solutions Inc.

Inspiration

It really is about you

Departments

Forum

Resource Guide

Datebook

A Bigger Thing

The Green Sheet Online Edition

October 24, 2011  •  Issue 11:10:02

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New Products

A complete online payment center

Product: Transaction Express

TransFirst LLC recently introduced Transaction Express, a proprietary payment gateway and virtual POS terminal that promises a complete online payment processing experience for retail, e-commerce, MO/TO, government, membership organization, utility and health care enterprises.

"Transaction Express gives TransFirst the opportunity to offer its customers true virtual terminal functionality, with stronger stability and scalability, greater feature options, and a more nimble, customizable experience for the user," said John Shlonsky, TransFirst President and Chief Executive Officer.

TransFirst reported that Transaction Express delivers real-time payment processing on most Internet connected devices. It also offers a multimerchant and multiuser platform, web integration, batch processing and direct swipe via USB connection.

Its customized reporting provides up to five user-defined fields to drive reports. Among its other features are advanced merchant grouping capabilities with single sign-on, merchant and customer email management, and tokenization for one-time and recurring payments.

"Transaction Express can process swiped retail transactions through its virtual terminal or through a customer integration using its web services," the company noted.

Not only does it process all major credit card brands, but signature debit card transactions can be processed as well. TransFirst also reported that future enhancements will include PIN debit, automated clearing house transactions and mobile payments.

"On our side of the transaction, it puts us in the position of having a true front-end, with the freedom and flexibility to work directly with the card associations and keep more control over our business," Shlonsky said.

Transaction Express is also designed to offer merchants a high degree of user control. During the off-season, merchants may switch their Transaction Express accounts to an inactive status to control costs.

The company suggests setting up individual accounts for each legal entity or business location and based on the input type, whether it's from the merchant or customer side.

TransFirst noted that Transaction Express supports both manual and automatic transaction capture. Manual transaction capture allows merchants to flag which transactions to include in settlement, whereas automatic capture includes all transactions in settlement.

According to TransFirst, the gateway is fully Payment Card Industry (PCI) Data Security Standard (DSS) compliant and Payment Application DSS certified.

The company also pointed out that to help merchants qualify for the best possible rates and processing fees, Transaction Express supports corporate and purchase card transactions with purchase order numbers, tax amounts and tax indicator information.

TransFirst LLC
800-745-2659
www.transfirst.com

Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

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North American Bancard | USAePay | Super G Capital LLC | Humboldt Merchant Services | Impact Paysystems | Electronic Merchant Systems