iTransact

The iTransact Group LLC
Private
Industry Merchant services
Credit Card Payment Gateway Services
E-commerce
Founded 1994
Headquarters Farmington, Utah, USA
Slogan Your Gateway to Commerce
Website www.itransact.com

iTransact 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 by the father and son team of G. Allen Sumsion and Mike Sumsion. Originally known as RediCheck, iTransact is one of the earliest providers of telephone-based check acceptance services.[1] RediCheck made its services available on the Internet in the fall of 1995, making it one of the first providers of online check acceptance.[2] In 2010, iTransact, Inc., merged with National Merchant Services LLC to form The iTransact Group LLC.

While electronic check acceptance remains one of the company’s service offerings, iTransact today is primarily a provider of credit card payment services to merchants. Businesses can obtain payment gateway service and/or a merchant account from iTransact.

Merchant accounts

iTransact is a merchant service provider affiliated with Retriever Payment Systems/NPC, iPayment, Inc., PowerPay, Petroleum Card Service, International Merchant Solutions, Terminal Velocity Processing, 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 from iTransact or elsewhere.

iTransact provides merchant accounts directly to merchants, as well as indirectly – as a merchant account partner to various credit unions, banks, network marketing companies, and other trade associations.

The iTransact payment gateway

iTransact’s payment gateway is compatible with most merchant accounts, including those obtained 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 shopping cart software or used as a stand-alone virtual terminal.

iTransact’s payment gateway service is available to merchants either from the company or via an iTransact reseller. Resellers can opt to private-label the iTransact gateway product and provide it to merchants under their own brand. Thus, some 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 and virtual terminal or the "back-end" XML service with a customized look and feel.

The iTransact payment gateway includes a feature called Call-A-Charge, whereby a merchant can make a telephone call to the virtual terminal and process sales without a live operator or industry-standard voice-authorization fees. The gateway also allows recurring transactions – the ability to run a series of repeat transactions to customers at specified intervals.

Security

iTransact is Payment Card Industry (PCI) compliant. iTransact’s gateway clients run transactions directly on iTransact’s secure server or on their own secure server.

Some of the merchant security features of the iTransact payment gateway include:

References

  1. ↑ AllBusiness.com, October 1, 2001. Retrieved 11 March 2008.
  2. ↑ Win95 Magazine, November 1996.

External links