19 Nov

Picking a payment gateway provider

A payment gateway provider is a necessity in the world of ecommerce. The function of the gateway provider is to authorize and process credit card, debit card and other types of electronic payments between you and your customers. Choosing the best gateway provider for your business can be a daunting task. Factors that you need to consider when making your decision include:

 

  • sign-up and transaction fees
  • countries and currencies that are supported
  • on-site vs off-site payment processing
  • level of customer support
  • type of products that you can sell
  • payout policy
  • fraud detection and prevention

 

Merchants Bancard Network has been serving clients in the card processing industry for over 20 years. MBN is committed to providing its customers with the most effective and secure gateways available. Merchants Bancard is a full service provider to merchants across the United States, from restaurants, medical facilities, retailers and franchises to e-commerce sites and on-the-go service companies. In addition, they provide nationwide credit and debit card processing,online shopping carts, Echecks and more.

Are they all the same?

Of course, not all gateway providers are created equal. A very important consideration when choosing a merchant payment gateway is whether or not it can be used with integrations and and add-ons such as shopping carts, POS and billing solutions that you are currently using or are planning to use in your business at some time in the future.

Merchants Bancard offers a wide variety of payment solutions that can be tailored to meet your specific needs at a price that you can’t beat. Their payment solution account specialists can help you discover the perfect equipment whether you are in the market for countertop, wireless, or mobile units. They offer new and used point of sale equipment and peripherals from all the major manufacturers and can help you choose the system that will be compatible with the technology that you are currently using or would like to use in the future.

You shouldn’t have to worry about security

Accepting transactions online involves a level of risk, so it is very important to choose a payment gateway company that you and your customers can trust to keep sensitive personal data secure and out of the hands of data thieves. MBN knows how to handle cardholder data. They believe that privacy and control of sensitive customer data should be a top priority in any successful business strategy. Therefore, they have established a secure, cloud-based credit card processing network – no third party vendors are involved. MBN will provide you with educational materials as well as training that you can use to help reassure customers as to the safety of their card data.

As a merchant, your first and foremost responsibility is to protect all customer data during a credit card transaction. All businesses accepting credit card payments are required to adhere to the rules and regulations established by the Payment Card Industry (PCI).

Call Merchant Bancard Network at 877-871-4629 to learn how their merchant services can help keep your business running smoothly.

4 Nov

Custom POS systems for merchants

At Merchant Bancard Network (MBN), each of our merchant accounts are assigned an account manager who is trained in helping to ascertain the most secure, efficient and cost effective way to process credit card payments. Our account managers have specific knowledge and training in different industries, and yours will be able to help you to customize the software and hardware to best suit the particular needs of your company.

In keeping with this philosophy, we do not ascribe to a one-size-fits-all payment processing method. Custom POS systems allow merchants to tailor their technology to both their and their customer’s needs.

Processing pizza shouldn’t be the same as…..

MBN is committed to making sure that every merchant is fully compliant with PCI standards, receives the most secure and cost-effective payment solution regardless of the type of business they’re in. This is particularly important as when it comes to POS systems, every industry has different needs. A pizza parlor has vastly different requirements than a medical company, which in turn will differ from those most suited to the travel industry.

For example, if you’re in the restaurant business, your payment processing system will need to be equipped with capabilities such as the ability to split checks and track tables and employee tips. Keeping customer’s credit card data on file is generally not a concern.

In contrast, companies that are part of the medical industry often need the ability to keep patient’s card on file to facilitate recurring or monthly billing. Our MBN account managers who specialize in this field help their merchants to put in place a POS system that keeps this data secure and compliant with PCI standards. An excellent way to accomplish this is through tokenizing the data in order to make it far more impervious to duplication or fraud.

A solution you can grow with

Custom POS systems are the best way to get the most out of your payment solution. By tailoring the technology to fit the specific needs of your company, MBN will show you ways to keep processing costs down while getting the most out of your equipment and software. With the EMV credit cards looming on the horizon, now is a good time to check in with your account manager to be prepared to accept this payment method while maintaining the same level of security and ease that you currently have.

20 Oct

Is Paypal enough for your business?

If there is one thing many of us learn in our lifetime, it’s that the best known brands are not always, well, the best. Take, for example, a pizza from an iconic chain restaurant, such as Dominos or Pizza Hut. Few would prefer it’s taste or quality over a handcrafted pie from that authentic Italian restaurant on the corner.Yet millions will purchase the former, simply because they are familiar with the brand. The same holds true for merchant processing services.

Each year a large number of small to medium-sized businesses opt to retain the services of PayPal to process their online and in store credit card transactions. PayPal has tremendous name recognition, and facilitates tens of millions of dollars in e-commerce each year. But while it remains a viable option for accepting credit and debit card payments, there are some problems with paypal as well. Among its limitations are the arguably high rates and fees charged per transaction. Therefore, business owners looking for a company to handle their payment processing would be wise to conduct a closer examination of PayPal vs merchant account processors.

The additional benefits of a merchant account

There are a number of differences between PayPal and other merchant processors. For example, while PayPal professes to charging no monthly fees, they do charge between 2.2% and 2.9% plus $.30 per online transaction, substantially more for in-store purchases. These charges exceed those of most traditional merchant payment service providers. Additionally, while merchant processors, such as Merchants Bancard Network, deposit funds directly into clients’ bank accounts on a same day or next day basis, PayPal deposits funds into the client’s PayPal account instead. Customers may transfer funds from their PayPal account into an existing bank account, but the process may take several days. And it is important to note that PayPal is a private company, and is not backed by the FDIC, nor do they have to adhere to federal banking regulations.

The two services differ in other ways, as well. Online customers paying via PayPal are sometimes directed off of your site to a dedicated PayPal site. In addition, PayPal accepts most credit and debit cards, but doesn’t allow for gift cards, reward certificates, or coupon codes. So while PayPal may work for some of your customers, it won’t work for all of them. Startups, small businesses, and large corporations would all benefit by trusting their secure payments to an established and experienced merchant payment processor.

Grow faster with professional solutions

Merchants Bancard Network has over two decades of experience in the payment processing industry. If you are looking for reliable customer support, clear explanation of all charges and services, secure transactions, and a company to help you manage and grow your business, contact an agent today, and let us show you why we are the best organization to serve all of your diverse needs. Trust MBN with all your processing needs and start reaping the benefits including instant approval for your merchant account.

5 Oct

Upgrading EMV credit card terminals

Recent highly-publicized security breaches at Target and Michaels have shaken consumer confidence in the safety of credit card and other electronic forms of payment. In an effort to strengthen personal data security and reduce the incidence of fraud and data theft, many businesses are considering a switch to a new type of payment processing solution called “EMV”. Developed by Europay, Visa, and Mastercard, EMV chips and terminals are the next step toward improving the safety and security of customer data.

Traditional credit and debit cards have magnetic strips that contain “static data” which is data that never changes, making it easier for thieves to “lift” that data from the card and create a fake card. EMV or “smart cards” have embedded microprocessor chips that encrypt customer data in a different manner for each transaction. This makes it much more difficult for data thieves to pick up pieces of payment data to use for fraudulent transactions.

Beginning in October of 2015, all of the major credit card companies will establish EMV technology as the standard card technology in the U.S. So, it is imperative that businesses begin formulating a strategy to upgrade their POS terminals in order to make them EMV-compatible. Merchants Bancard Network has been serving merchants across the United States in the card processing industry for more than 20 years. MBN delivers credit and debit card processing, gift/loyalty/store program card programs, online shopping carts, echecks and much more.

Whether your business uses countertop, wireless, or mobile payment solutions, MBN has new and used POS equipment and peripherals from all the major manufactures such as Dejavoo, First Data, Ingenico, PAX, Verifone, and QuickPay. Many of these units are completely compatible and compliant with any future PCI/EMV processing requirements. The payment solution account specialists at MBN can help you select the equipment that is best suited for your business needs.

EMV chip security features

Chip-embedded payment cards are virtually impossible to duplicate especially when they are combined with additional security features such as encryption and other authentication features such as PIN numbers. Card processors the accept EMV payments should be able to support all verification methods, but a combination of chip and PIN number provides the strongest protection against data thieves, fraud committed by using lost or stolen cards, skimming, and counterfeiting cards. These strong authentication procedures and the uniqueness of each transaction result in a noticeable reduction in counterfeit fraud and data theft.

Why this makes sense

The reviews for EMV or smart cards have been overwhelmingly positive. For example,the United Kingdom, who was one of the earliest users of chip and PIN technology, has reported a decrease of over 17% in total card fraud between 2005 and 2010, while lost, stolen and counterfeit card fraud are at their lowest levels since the 1990’s. Statistics don’t lie – the U.S. was ranked #1 in the world with respect to credit card fraud, and fraud losses due to credit cards have topped 5 billion dollars!

Let the professionals at Merchants Bancard Network bring you business into the 21st century with state-of-the art data security – EMV chips and terminals. Maximize your data security while minimizing the impact on your business. Call MBN at 877-871-4629 and let their expert support staff help you to discover the right tools for your business.

20 Sep

Accept credit card payments using your computer

In today’s market, merchants are aware of the growing reliance of consumers on credit cards as a preferred form of payment. Whether your business is online, on-site or a combination of both, you must have the capability to accept credit cards if you want to stay on top of this trend. With the help of a gateway payment organization such as the Merchants Bancard Network (MBN), you can use your existing computer terminal in combination with a mobile credit card reader to quickly and securely accept credit card payments.

When processing payments through a desktop or laptop computer, the first step is to connect a credit card reader to your computer with a USB cord. This way, the information is automatically transferred when you swipe the customer’s card. As opposed to the old method of hand-keying the information, when you connect to a computer, you save time and ensure the accuracy of your customer’s information.

Along with state-of-the-art credit card reader equipment, MBN will supply a DVD which, when inserted into your computer’s disk drive, installs the mobile credit program. As simple as that, you’ve now turned your computer into a mobile credit card payment processor!

Spend less time with accounting

Most small businesses rely on software-based accounting systems like Quickbooks. Accounting software comes with modules for each area of business accounting; everything from accounts receivables, billing, sales orders, inventory and more. When you accept credit card payments directly through your computer, all of the information is automatically input into the appropriate modules of your accounting system. The integration of your sales and accounting system saves valuable time in terms of having to key information in after each sale.

Start accepting payments fast

When you open up a merchant account with MBN you’ll be surprised at how easily and quickly you’ll be ready to start accepting credit card payments using your computer. MBN provides you with easy, accurate credit card readers, integration software, and the backing of their decades in the industry. And perhaps most importantly, they are unparalleled in their attention to both accuracy and security.

Your customers can rest comfortably, knowing that when they make a purchase their private financial and personal information will be well-protected.

5 Sep

Which Merchant Service is BestFor Your Company?

A business may be designated as entertainment or retail, service or medical. But the truth is no two companies are exactly the same. Your business is unique, and as such, has specific requirements. At Merchants Bancard Network, we specialize in custom payment processing systems designed to meet all of your organization’s needs.

Unlike other payment processing services that may offer a cookie cutter approach, MBN agents work with you to develop a payment system that decreases your company’s bottom line as it increases your customer’s level of satisfaction. These reliable and streamlined custom systems allow for accurate account tracking as well, maximizing the return from your investment.

Get The Service Your Business Demands

Boasting over 20 years in the payment processing industry, MBN offers each merchant account we service the most current technology and payment equipment available, along with an unrivaled level of personal service. MBN accepts all forms of payment, including E-checks, gift cards, TAP payments, smart cards, and all major credit cards, and offers instant approval to ensure that your business runs smoothly.

Our custom approach means that your business purchases only the equipment that is best suited to your needs. Are you a dining establishment? We can offer your patrons simple check-splitting options and pay-at-the-table convenience. Perhaps you own a retail store or chain. Let us wow your customers with wireless payment devices that allow them to avoid lengthy checkout lines by bringing the check-out counter to them. From restaurant POS systems to retail credit card terminals and every solution in between, we offer your business the most efficient and reliable way possible to process payments, and provide the best merchant service on the market.

Is Instant Approval Fast Enough?

Today’s savvy customers demand convenience and speed, but not at the expense of service and security. Instant approval is not a benefit to your customer if it puts his or her data at risk. That’s why MBN’s secure cloud network protects sensitive cardholder information, allowing you to accept credit cards with the highest degree of certainty that your customer’s information remains private and secure. Contact an MBN representative today, and let them design an affordable payment solution that is just right for you.

21 Aug

Accept credit card payments on the go

Mobile point of sales systems are revolutionizing the way small businesses are now able to handle sales. This is especially true for on- the- go businesses that need a payment solution to be as mobile as their business. With First Data Mobile Pay solutions, offered by Merchant Bancard Network, you can now turn your mobile device into a point of sale credit card reader. You can offer your customers fast, flexible, and safe credit card payment processing anywhere and anytime by using your existing smartphone or tablet.

The benefits of First Data Mobile Pay are many. By turning your mobile phone or tablet into a payment terminal, you are maximizing your investment while at the same time reducing processing costs with the First Data Mobile Pay App and the encrypting card reader. By allowing you to physically swipe cards, you can avoid the higher card-not-present processing rates that are associated with hand-keyed transactions.

With a First Data Mobile Pay App, no additional equipment or software is required which is another money-saving benefit. First Data Mobile Pay supports all major credit cards so you are able to offer your customers more flexible and secure payment options. But, most importantly, no more missed sales because now you can accept payments in real time from anywhere that you are conducting business. It’s a win-win situation for both your customers and you.

Will our system work with your device?

First Data Mobile Pay is compatible with the iPhone, BlackBerry, and Android. You can also offer your customers secure credit card processing for on- the- go business transactions using your iPad. The first step is to download the First Data Mobile App to your mobile device. Plug the encrypted card reader into your device using the cable provided, and you are now ready to slide your customers’ credit cards to capture a sale. It’s as easy as 1-2-3, and the easy-to-use interface requires minimal training on your part so you can your have mobile POS up and running in no time!

You are now ready to accept credit card payments wherever you have wireless coverage with your current data plan provider. E-receipts are delivered to your customers’ e-mail at the time of the transaction and you get the benefit of fast funding that comes with this type of instant authorization.

Don’t miss another payment

In the card processing industry for over 20 years, Merchant Bancard Network specializes in providing flexible payment options that are designed to meet the specific needs of your business. By integrating your POS system with your iPhone, Android, or BlackBerry, you will increase the sales volume and profit margin of your business. Maintaining the highest level of payment security is the number one priority for Merchant Bancard Network, and as such their POS payment solutions adhere to the PCI security standards established by the major credit card brands.

Call MBN today at 877-871-4629 and let their expert support team help design a POS solution that is right for your business.

6 Aug

We’ve Gone Social and Want to Feature You!

We’ve gone Social and want to feature YOU!  Let us know what your Facebook, Twitter and LinkedIn page links are and we will feature you on our social media pages.  Just add a short note about your products or services and we’ll make sure to feature you on our pages as part of our Featured Clients promotions.  We look forward to helping your business get the word out – and don’t forget to follow us back!  Just enter your social media info!

 

22 Jul

First Data Mobile Pay – Wireless Payment Solutions – More Secure than Square or Payanywhere

Accept payments wherever you go by turning your mobile phone into a point-of-sale terminal

Go Beyond: First Data Mobile Pay

In your business, the point of sale is an ever-moving destination. Wherever your customers are, that’s where you’ll go – which means you need a payment solution that’s as mobile as you are. However, your transaction volume might not justify the expense of purchasing a mobile payment terminal, leaving you in the position of handling credit card information in an inefficient and unsafe manner, such as by writing numbers down to call in later. As an alternative, you may be accepting checks on faith, exposing you to the possibility of loss.

The Solutions

With the First Data Mobile Pay solutions, you can offer fast, safe and flexible payment processing anywhere you go by suing your existing smart phone!

First Data Mobile Pay App

Once you’ve downloaded the application, a handy encrypting card reader device plugs into your Android, BlackBerry or iPhone, enabling you to slide your customer’s credit card to capture a sale. Because the card is physically present, you avoid the higher card-not-present processing rates associated with hand-keyed transactions.

Web-based First Data Mobile Pay

Purchase no additional equipment: just use the date-enabled mobile phone you always carry, navigate to the First Data Mobile Pay URL, and enter and transmit the customer’s credit card number.

With either solution, you can accept payments wherever you have wireless coverage with your current data plan provider. Payments are processed in real time, with an e-receipt generated and sent to the customer via e-mail as soon as the transaction takes place. You receive the fast funding that comes with instant authorization, and your customers can settle their purchases on the spot.

Made for Your On-the-Go Business

  • Home and repair services – HVAC, plumbers, garage door installation
  • Limousines and taxis
  • Towing services
  • In-home sales – home decor, cooking, beauty products
  • Specialty and charity events – art shows, auctions

Benefits of the Fist Data Mobile Pay Solutions

  • Maximize your mobile phone investment by turning it into a payment terminal
  • Accept payments in real time from virtually anywhere
  • Reduce your processing fees – pay lower card-present rates with the First Data Mobile Pay App and encrypting card reader that allows you to swipe physical cards
  • Save money – no additional equipment or software to buy with the First Data Mobile Pay browser-based solution
  • Offer more flexible and secure payment options
  • Grant transaction capability to up to five users with the browser-based version
  • Help your customers choose the payment method they prefer while keeping their credit card information safe
  • Convey a cutting-edge, professional image to your customers

Features

  • Compatible with the Android, BlackBerry and iPhone
  • Secure login with username and password
  • Easy-to-use interface requires minimal training
  • Support for all the major credit card types
  • Real time
  • Fraud protection tools
  • SSL encryption technology
  • Real time reporting capabilities
  • Account manger to add or remove users (browser only)
  • E-receipt delivered to customer’s e-mail at the time of the transaction
  • 24/7 customer support

For more information, call us today! 877.871.4629