Archive for December, 2014

Apple Pay Merchant Account | iPhone NFC Card Processing Services

Monday, December 15th, 2014

Have you heard of NFC? How about Apple Pay? The future of credit card payment processing services is here.

Traditional credit card processing, where cards are swiped through a terminal, is becoming a thing of the past. Merchants can now process payments through a merchant account that is compatible with Apple Pay. This new service from Apple enables customers to pay for products or services using their iPhone, iPad or Apple Watch.

Apple Pay takes convenience to the next level for the customer with their payment processing solution. Rather than dig through a purse or wallet for their credit cards, customers can simply wave their device upon checkout as if it were a magic wand. Tada! The payment is complete.

apple pay merchant accountApple Pay uses a relatively new technology called Near Field Connectivity (NFC). NFC is a contactless connection that uses a short-range, low-power radio frequency identification (RFID) link.

The sim card in the Apple device identifies the device and transmits the data to the merchant’s point-of-sale system. In the latest iPhones, the customer does not need to open an app, or even wake up the phone for the Apple Pay payment to be processed.

The payment is securely made via credit or debit cards that the customer has set up in their Passbook App on their device. Funds for sales made with Apple Pay are transferred to the merchant account of the business.

 

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Why Merchants Should Implement Apple Pay

Having personal information and card data clearly visible is a scary thing these days. With credit card fraud and identity theft on the rise, consumers are being increasing cautious every time they hand over a debit or credit card in a restaurant or retail store.

Apple Pay has built-in security features that make it impossible for credit card data to be compromised. Credit card account data is never shared with merchants. When the card data is entered into Passbook by the user, it is assigned a unique device account number. It is then encrypted and stored on the device.

If you are a merchant, now is the time to get on board with this new technology. In addition to convenience for your customers, merchants that are set up with an Apple Pay compatible merchant account can provide peace of mind to their customers that prefer this new technology.

Many businesses throughout the United States are beginning to adopt this new technology, and customers seem to love it. Even McDonalds is on board, offering Apply Pay service to customers in their drive-thru lines.

How to Set Up Apple Pay

Not all credit card processors have the ability to work with Apple Pay. In order for a business to implement Apple Pay, they must have a merchant account that is compatible with this new technology, and a NFC terminal.

At the Transaction Group, we are at the leading edge of the merchant account industry. Since 2004, we have been assisting all types of businesses with their credit card processing needs. Our expertise and banking relationships ensure that merchants are set up with the services that are right for their specific requirements.

Whether you are just starting your business and are interested in an Apple Pay compatible merchant account, or are an established business with processing services in place, we’d be happy to help.

And for a limited time, we are offering EMV merchant account terminals that have built in NFC technology for FREE with a merchant account placement. A $500 value!

Call today to get set up with an Apple Pay compatible merchant account and get your free NFC terminal!

 

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EMV Merchant Account for Food Trucks & Carts

Tuesday, December 9th, 2014

merchant account food truckDo you have a emv credit card processing solution in place for your food truck?

Food trucks, carts and mobile concession stands are quickly becoming great businesses in cities throughout the United States. Consumers have lost their appetite for fast food restaurant chains, so creative and innovative chefs are literally rolling out their businesses to the masses.

Aspiring chefs are now able to introduce their own dishes without having to invest in opening a restaurant. Although the revolution is well underway, many of these new start-ups are missing out by not having a credit card processing solution in place in their food truck.

These days, most of us prefer to pay by credit card. Paying with plastic is easy and convenient, and has become a standard in this country. Food trucks that are operating as cash-only businesses are missing a key ingredient in their overall operation’s recipe.

The mobile aspect of this industry makes it necessary to have a mobile card reader in order to take credit and debit card payments from customers. 

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 Payment Processing Options for Food Trucks

At The Transaction Group (TTG), we have a couple of options that work well for food truck owners or mobile concession stands and carts.

Smart Phone devices allow merchants to swipe and process customer debit and credit cards wherever there is a cellular signal, making them an excellent option.

We also have mobile credit card processing terminals that operate on a cellular signal. This solution is more of a traditional card processing solution in which terminals are equiped with receipt printers.

And our mobile credit card terminals are EMV & NFC Chip & PIN ready, so that all food truck and concession stands using this mobile terminals will be EMV compliant in 2015.

Get a Bite of the Action Today!

chefAre you hungry to accept credit cards at your food truck business? Are you getting chomped by another processing provider’s high rates and hidden fees?

At TTG, we help all types of businesses to set up merchant accounts, including mobile food concession stands.

Whether you are just starting your business and have no processing history, or have an existing merchant account but are shopping for better rates, we’re here for you. We also gladly work with business owners that have poor credit.

Since establishing our business in 2004, we’ve helped thousands of businesses to secure the best rates and save money on merchant account services. With our industry experience, expertise and banking relationships, we can ensure that our merchants are in good hands.

We have a fast and easy application and approval process so that you can be set up to take credit cards in your food truck in just a few business days.

For a limited time, we’re offering a FREE EMV credit card terminal with a merchant account placement. A $500 value!

Click here to get started today with a mobile credit card processing solution for your food truck or culinary concession stand from TTG!