ITransact
From Wikipedia, the free encyclopedia
| iTransact, Inc. | |
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| Type | Private |
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| Founded | 1994 |
| Headquarters | Farmington, Utah, USA |
| Industry | Merchant services Credit Card Payment Gateway Services E-commerce |
| Slogan | The Gateway to Commerce |
| Website | www.itransact.com |
iTransact, Inc., is a payment gateway and merchant account provider. Its services allow Internet, bricks and clicks, and traditional brick and mortar merchants to accept payments via credit, debit, and gift cards, as well as electronic checks (and/or check conversion) with check guarantee.
iTransact was founded in 1994 as RediCheck and was the first provider of Internet-based check acceptance services. While online check acceptance remains one of the company’s service offerings, iTransact today is primarily a provider of credit card payment services to merchants in the United States and Canada. Merchants can obtain payment gateway service, a merchant account, or both, from iTransact.
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[edit] Merchant accounts
iTransact is a merchant service provider affiliated with Retriever Payment Systems/NPC, iPayment, Inc., Sage Payment Solutions, Nova Information Systems, and other payment processors. A merchant can obtain a merchant account from iTransact and integrate a physical terminal or a payment gateway obtained either from iTransact or elsewhere.
iTransact provides merchant accounts directly to merchants, as well as indirectly – as the merchant account partner to various credit unions, banks, network marketing companies, and other trade associations.
[edit] The iTransact payment gateway
iTransact’s payment gateway is compatible with merchant accounts obtained virtually anywhere, including from competitors. Some of the processing networks compatible with iTransact include First Data (Cardnet, Nabanco, and Omaha), Paymentech, NDC Atlanta, Nova, and Vital. The iTransact payment gateway can be integrated into nearly any shopping cart software or used as a stand-alone virtual terminal. The iTransact payment gateway allows merchants to accept payments via both PayPal and traditional merchant accounts; the PayPal compatibility is highly unusual among payment gateway providers.
iTransact’s payment gateway service is available to merchants either directly from the company or via an iTransact reseller. Resellers have the ability to private-label the iTransact gateway product and provide it to merchants invisibly, i.e., as their own service and under their own brand. Thus, other payment gateways are actually operating via iTransact.
Merchants and resellers using the iTransact gateway can use the basic "front-end" HTML- or XML-based service with a standardized transaction control panel (including virtual terminal) or the "back-end" XML service with the ability to fully customize the look and feel of the transaction flow.
The iTransact payment gateway allows "Transactions by Telephone," the ability for a merchant to dial directly into the virtual terminal and process sales without having to involve a live operator or pay extra voice-authorization fees.
iTransact’s payment gateway includes the ability to run additional purchases or credits for a customer without having to re-obtain the customer’s information. It also allows recurring transactions – the ability to run a series of repeat transactions to customers at specified intervals.
[edit] Security
iTransact is Payment Card Industry (PCI) compliant. iTransact’s gateway clients can run transactions directly on iTransact’s secure server if they do not have a secure server of their own.
Some of the many merchant security features built into the iTransact payment gateway include:
- Address Verification System (AVS): Indicates whether the address and zip code entered by a customer matches the corresponding information at the cardholder’s bank; allows the merchant to automatically decline transactions on full or partial mismatches.
- IP Filter: Option to restrict orders to a specific IP address or range of IP addresses.
- Min/Max Transaction Size: Option to automatically decline transactions for amounts too small or too great.
- Card-Tester Block: Option to temporarily block all authorization attempts subsequent to a declined transaction.
- "Proof of Life": Option to enable a CAPTCHA-type test on transactions.
