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Table of Contents

Lead Story

What ISOs can learn from consultants in today's complex payments arena

News

Industry Update

Will Isis launch shuttle in new era for NFC?

Cisero's amends counterclaim in Elavon case

Challenges ahead for EMV

Jones predicts ISOs will remain at payments hub

Features

Volunteerism bolsters local economy

It's all about increasing ROR

Research Rundown

Selling Prepaid

Prepaid in brief

AmEx goes big with Bluebird

Prepaid card dispensing ATM technology advances

Views

Whatever happened to the British motorcycle industry?

Brandes Elitch
CrossCheck Inc.

Can mPOS be a game-changer in India?

Sunil Rongala
MRL Posnet Private Ltd.

Education

Street SmartsSM:
Make large merchants your gravy

Jeff Fortney
Clearent LLC

Coping with PCI noncompliance fees

Adam Atlas
Attorney at Law

200 ways to get noticed - Part 1

Nancy Drexler
Acquired Marketing

The smart way to sell POS systems - Part 2

Joe Porco
Harbortouch

Company Profile

PayCube Inc.

New Products

A platform for smart businesses

Newtek Advantage
Newtek Business Services Inc.

Virtual POS system for QuickBooks

Instant Accept
NorseCorp

Inspiration

Functioning in today's challenging payments world

Departments

Forum

Resource Guide

Datebook

Skyscraper Ad

The Green Sheet Online Edition

November 12, 2012  •  Issue 12:11:01

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New Products

A platform for smart businesses

Product: Newtek Advantage

Newtek Business Services Inc., The Small Business Authority, recently added Newtek Advantage to its merchant offerings. The cloud-based operating platform is designed to permit small and midsize businesses (SMBs) to manage multichannel transactions, as well as economic and web traffic data - in real time - via smart phone, tablet, laptop and PC devices.

The reasoning behind the product, offered free to existing Newtek client businesses, is simple. "We believe that mobile applications hosted in the cloud will continue to proliferate and become the standard for independent business owners," stated Barry Sloane, Newtek President and Chief Executive Officer.

Prior to the product's invitation-only launch, Tobin Smith, founder of NBT Equities Research and Editor-in-Chief of CloudInvestor.com said, "The mobile data revolution means nothing to a small-business manager unless they can get what they need whenever and wherever they are.

"What is revolutionary about the new Newtek Advantage is that it is a mobile SMB management platform, not just an app. The Newtek Advantage puts the key management and decision-making data on a smart phone, table or laptop in real time."

Newtek Advantage tracks and reports live transactions such as credit, debit and gift card payments, returns and chargebacks, all in real-time, the company noted. Website statistics - including daily, weekly or monthly visitors and page views; which search terms were used to locate a site; and actions taken once on a site - can be used to determine necessary next steps.

"We spent years developing this platform internally and have recently filed a patent application with the U.S. Patent office on this revolutionary state-of-the-art business system," Sloane said. Newtek reported it is processing more than $4 billion in electronic payments annually and hosts over 58,000 business websites via its secure, PCI Level 4-compliant data center. Newtek Advantage is the first in a series of cloud-based platforms and applications the company plans to release.

Future product launches are expected to include Payroll in the Cloud and Insurance in the Cloud applications, both of which will be compatible with Newtek Advantage, the company said. Newtek works with independent sales agent and business executive partners in marketing its SMB solutions and programs; it also offers backup support to ensure success, the company stated.

Newtek Business Services Inc.
800-277-6990, ext. 13938
www.thesba.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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Spotlight Innovators:

North American Bancard | Harbortouch | USAePay | IRISCRM.COM | Humboldt Merchant Services