Citibank Merchant Credit Card Processing

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Affiliate Marketing Software

Affiliate Marketing Software

Today’s market is overloaded with numbers of marketing software and affiliate marketing software that help in the promotion of many products and services. With the rapid growth of affiliate market after late 90′s, software in affiliate marketing and management has also mushroomed since then. These kinds of software are very effective and handy to maintain effective affiliate marketing details. These software, services and e-books are designed to help merchants to set up and promote an affiliate program in order to sell their services and products.

There are some software with short description, which are very useful to establish and grow affiliate marketing. These are as follows-

1.1 ShoppingCart- It is a popular shopping cart system. It includes digital product delivery, newsletter manager, email marketing auto-responders, tracking, two tier affiliate program making system, pop-up wizards, ad tracking and merchant account manager. It can be easily purchased at a cost of per month.

2. InstantStore- It is a customized online builder that contains web space, affiliate program manager, advertising tracking, credit card processing, customer database, site visitor analysis, news letter broadcasting, inventory control, integrated shopping cart, and downloadable product delivery. Online price of this software is .97/month.

3. AssocTRAC- It is created by Corey Rudl, virtually- hosted, two-tier affiliate software program for managing and setting up a tracking system. The price of this software is 7 (5x 5.40)

4. Affstat 2005 Report- It is created by Shawn Collins. It stands to be a report of affiliate statistics data, financial, management, traffic facts and solutions. It has been derived from a survey of over 100 affiliate program management systems. The cost of this software is 9.99/ $ 149.99 only.

5. Citibank- It offers a unique credit card processing system and manager. This affiliate software doesn’t require a merchant account. It is the affiliate marketing system for digital products and services. The cost of this software is $ 49.95 only.

6. Internet success spider- It is created by Neil Shearing. It has a self guide that briefs one about how to find super affiliates and recruit them according to their potential for promoting one’s business. The cost of this software is $ 79.95 only.

7. Associate Program Marketing Handbook- This has been is created by Marlon Sanders. It is self -guided software that helps and teaches affiliates, product sellers, re-sellers and merchandise retailers about 23 different techniques to increase the sales and commissions. The price of this software is $ 20 only.

8. AffiliateClicks- It is virtually hosted software with affiliate marketing program solutions for setting an appropriate tracking system to promote and enhance your sales and services. You can purchase this software for $ 199+ $ 25/ month.

9. Super Affiliated Generator- It is created by Roy Oron. It is software which has the potential for promoting your service and products sale. It also helps you to find effective super affiliate. The cost of this software is $ 379.

10. FusionQuest- It is web based software. Multi-tier and affiliate program software that let you enhance your sales by letting you to set your own affiliate program tracking system. The cost of this software is $ 295 to $ 595.

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Payment Card Competitor Tracker: December 2009 – Market Research Report on Aarkstore Enterprise

Payment Card Competitor Tracker: December 2009 – Market Research Report on Aarkstore Enterprise

Introduction

The Payment Card Competitor Tracker provides expert analysis and opinion on the strategic moves of leading competitors in the payment card market. Produced on a monthly basis, the Tracker is a global product and covers 60 players, including American Express, Barclaycard, Capital One, Citigroup, Discover, GE Money, First Data, HSBC, JCB, MasterCard, Standard Chartered and Visa.

Reasons to Purchase

*Gain invaluable information on your key competitors in one concise document, and track long-term trends using the interactive news database.

*Sharpen your strategy by implementing the best market, product, competitor and strategic developments of leading global players.

*Learn the Cards & Payments Team’s view on the most important competitor developments in the month.

Table of Contents :

“Overview 1
Summary 1
Methodology 1
Table of Contents 2
Introduction 3
The Payment Card Competitor Tracker provides both one month and 12 month views of developments 3
Each month, tracks the most relevant announcements from 64 competitors 3
Cards and Payments Team provides analysis of the key developments at both the one month and 12 month level 4
A fully searchable database of developments from January 2007 onwards is also delivered alongside the report 4
Key Developments in December 5
In December, the key story was China UnionPay’s issuance in Korea reaching one million cards 5
China UnionPay’s standard cards offered in partnership with BC Card reached one million in Korea 5
CardinalCommerce signed agreement with NYCE Payments to offer Safe Debit online payment solution 6
There were 44 developments in December, somewhat below the 12-month average 6
There were 44 developments in the December competitor tracker, compared to the 12-month average 55 6
M&A, partnership and organic growth, as well as product, services and innovation were below the 12 month trend 7
Asia Pacific was by far the busiest region for competitor activity, while North America lagged behind 8
Issuers accounted for the majority of the drop in activity in December 9
Loyalty/rewards, online, and contactless were the key areas for developments in product, services and innovation in December 10
MasterCard expands SecureCode solution to Maestro-branded cards 10
Barclaycard issued over five million contactless cards in the UK 11
Partnerships accounted for the bulk of activity in M&A, partnerships and organic growth 12
Products, Services and Innovation 14
American Express 14
US: American Express launches AcceptPay for small business owners 14
Bank of America 14
US: Bank of America’s customers use its Add It Up program to spend this holiday season 14
US: Bank of America launches Credit Card Clarity Commitment initiative 15
Barclays 15
UK: Barclays expands mobile banking service 15
Barclaycard 15
UK: Barclays and Barclaycard have over five million contactless enabled cards 16
China UnionPay 16
Asia, Africa and Middle East: Standard Chartered Bank ATM machines to accept China UnionPay cards 16
China: Bank of Communications and China UnionPay launch Shanghai Expo theme debit card 16
China: China UnionPay, Agricultural Bank of China and Taipei 101 Mall launch a joint marketing campaign 17
Citigroup 17
Hong Kong: Citibank launches ‘Money Can’t Buy Experience’ credit card campaign 17
Korea: Citibank Korea launches Citi Rewards credit card 17
Poland: Citibank launches Handlowy prepaid card 18
Pakistan: Citibank Pakistan launches Online Merchant Program 18
Russia: Citibank publishes its report on Russians’ New Year shopping with credit cards 18
Turkey: Citi Turkey offers credit card with free 3G wireless modem 19
UAE: Citi Prepaid Services launches payroll services for Voltas 19
Fidelity Information Services 20
US: Government Savings Bank converts to Fidelity Information Services’ Profile processing solution 20
US: CardinalCommerce signs agreement to offer Safe Debit to its clients through Cardinal Centinel 20
Garanti Bank 20
Turkey: Garanti Bank makes single use PIN mandatory for online banking transactions 20
JP Morgan Chase 20
US: JP Morgan and Disney launch Disney Rewards Visa card 20
MasterCard 21
Asia Pacific: MasterCard celebrates the fifth anniversary of PayPass with ‘Tap & Give’ campaign 21
Europe: European banks and e-retailers adopt MasterCard’s SecureCode 21
Indonesia: Permata Bank launches Permata MasterCard platinum black credit card 22
Japan: MasterCard launches Amazon promotion during the Christmas season 22
UK: MasterCard launches UK’s first automatic rebate program for small businesses 22
US: Univision introduces the Univision MasterCard gift card 23
US: BNY Mellon integrates MasterCard’s payment gateway with its suite of payment solutions 23
PayPal 23
US: PayPal launches campaigns in the holiday season 23
TSYS 24
Cyprus: TSYS and Marfin Laiki Bank launch credit card for women 24
Visa 24
Asia Pacific: Visa introduces 2010 rewards and benefits program for premium cardholders 24
Australia: NAB Visa payWave contactless technology to be available from Christmas season 24
Hong Kong: Visa and 7-Eleven introduce Visa payWave contactless payment acceptance service 25
Hong Kong: Visa cardholders stand a chance to win FIFA World Cup packages 25
M&A, Partnerships and Organic Growth 26
Australia and New Zealand Bank 26
Vietnam: ANZ Bank completes acquisition of RBS in Vietnam and opens its 10th branch 26
Atos-Origin 26
Belgium, France: Atos Origin and ING Belgium extend contract for payment card services 26
BBVA 26
China: BBVA increases its stake in China Citic Bank to 15% 26
China UnionPay 27
Korea: China UnionPay cards issued cross one million mark 27
Citigroup 27
India: Citibank partners with Indian Post to provide remittance services 27
First Data 27
US: First Data signs agreement with Sovereign Bank to extend their existing merchant services agreement 27
Industrial and Commercial Bank of China 27
China: ICBC becomes the banking partner of Guangzhou 2010 Asian Games 27
KBC 28
Slovakia: KBC Bank acquires outstanding 49.54% stake in ÈSOB Slovakia 28
PayPal 28
US: PayPal reports increase in online shopping on Cyber Monday 28
TSYS 28
US: Fifth Third Bank extends its payment services agreement with TSYS 28
US: UniRush renews TSYS’ payment and processing services 28
Visa 28
Europe: Visa Europe expects to process over 27 million transactions 28
Appendix 30
Methodology 30
Further reading 30
Ask the analyst 31
consulting 31
Disclaimer 31
List of Tables
Table 1: The 64 companies and subsidiaries covered by Datamonitor’s Payment Card Competitor Tracker 3
Table 2: Current relevant publications 30
Table 3: Future relevant publications 31
List of Figures
Figure 1: In December, there were 44 developments in total, somewhat below the 12-month average of 55 7
Figure 2: December witnessed a drop in the level of activity relating to both M&A and products as compared to the 12-month average 8
Figure 3: Asia Pacific accounted for most stories in December in line with the 12-month trend, but North America saw a drop in activity 9
Figure 4: Issuers accounted for the majority of the drop in activity in December 10
Figure 5: Loyalty/rewards, online, and contactless were the key areas for developments in product, services and innovation in December 11
Figure 6: Partnerships accounted for the majority of activity in December, with five announcements in total 12

For more information, please visit :

www.aarkstore.com/reports/Payment-Card-Competitor-Tracker-December-2009-37627.html

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Merchant Services: What Every Small Business Needs to Know

Merchant Services: What Every Small Business Needs to Know

Many Americans have been able to monetize their natural skills by opening a small business. Whether they are retailers, service providers, or web-based entities, these entrepreneurs are utilizing their personal expertise to fill a need in the marketplace. Small business owners have the potential to become very well compensated for their time and effort. However, acquiring this compensation means accepting their valued customers’ preferred methods of payment. Usually, this means welcoming credit card purchases — but the terms, technology, and fees of the merchant service industry are often overwhelming to small business owners. That’s why all individuals and companies should know the basics about merchant services.

Merchant Accounts

There are several different types of arrangements, known as merchant accounts, which small business owners can obtain. The most well known is the retail account, in which the proprietor engages in a face-to-face transaction with a credit card purchaser. For businesses that accept payment via telephone, fax, e-mail, standard mail, or any other method where the credit card itself is not viewed, a card-not-present account (also known as a mail order telephone order account) is often the most appropriate choice.

Internet accounts are designed for companies that accept credit card payments directly through their websites. A mobile account is like a retail account, but is used when the business owner accepts credit card payments in places other than his or her home base location (as is the case with repairmen or building cleaning services). Finally, a seasonal account can be set up for businesses that operate for only a portion of the year, such as fireworks stands, lawn services and Christmas tree sellers.

Merchant Services Middlemen

Small business owners should also understand that there are “middlemen” involved in merchant services transactions. The credit card companies themselves (Visa, Master Card, American Express, etc.) supply the credit cards and govern how the merchants can accept them. But these cards are issued through certain banks (Bank of America, Chase, Citibank, etc.), that screen the cardholders and set their credit limits. Communication between the issuing bank and the merchant is facilitated by an acquirer. Member service providers, independent sales organizations, and their agents often handle the equipment, processing, and other credit card-related services for the merchant. Finally, the credit card transactions themselves are processed over platforms and networks that may be owned or operated by an entirely different company.

Merchant Services Costs

All of these different middlemen receive a fee or percentage from each credit card transaction, and these costs are usually incurred by the small business owner. There are numerous different types of fees, but most are charged per transaction, on a recurring basis, or individually if a certain situation occurs.

The most visible (and often the largest) credit card cost that merchants pay comes from the periodic rate, which is the monetary percentage of each transaction that goes to the merchant account provider. The qualified rate is the lowest rate that can be assessed on a company’s transactions under a given agreement, and it usually comes with certain restrictions that must be met. If these criteria are not met, the merchant can be assessed surcharges of varying amounts or “demoted” to mid-qualified or non-qualified rates which are higher than the qualified rate.

The small business owner is also responsible for an interchange fee, which covers the communication networks that link the banks, credit card companies, processors, and other entities. Other costs include transaction fees (which are due each time a transaction is conducted regardless of the size) and authorization fees (which are charged whenever a business attempts to authenticate a card, even it the card is declined). There may also be monthly or annual fees associated with some merchant services accounts.

Merchant Services Transaction Information

Though most of the information mentioned so far is not relevant to the employees who actually conduct the transactions, there are some areas that a small business owner must review with his or her cashiers, clerks and salespeople. These individuals should know the difference between a consumer credit card and a debit card. Though these cards look the same, a debit card requires a Personal Identification Number (or PIN) to be entered by the cardholder, and the funds are immediately taken out of the person’s bank account. Furthermore, a purchasing card can only be used at certain businesses (these are also known as gift cards). Also, payment acceptors must know how to perform credit card transactions other than common purchases. They must be able to issue refunds, which involves transferring funds from the merchant’s account to the cardholder’s account. Front-line employees should also know how to void transactions, which means cancelling purchases already received in the event of an error or a customer changing his or her mind.

Merchant Services Payment

Finally, the small business owner must be aware of the process by which customers’ funds travel to the company’s bank account. Periodically (usually at the end of each day), a group of transactions (known as a batch) is transferred from the business to the processor via telephone, Internet or dedicated terminal. After this occurs, the small business owner usually receives the money within two or three business days. If the processor has a close relationship with the business’s bank, the lag time may be as short as 24 hours. Sometimes, various fees are subtracted from the batch totals before the money is deposited into a bank account.

It is important for small business owners to select the type of merchant services account that is right for them, and then learn all the processes, fee schedules and requirements associated with the arrangement. Companies should try to allow at least two or three weeks from the time of application to the first use of the merchant services account. Once the account is functioning properly, the small business owner can look forward to reaching a greater number of customers — and increasing his or her revenue as well.

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How to Apply for a Merchant Account When Residing in the Middle East

How to Apply for a Merchant Account When Residing in the Middle East

When applying for an offshore merchant account in the Middle East, the requirements and the procedures may vary according to the processing company namely: Panama Legal and Thetabiz Offshore.

IT is applicable for those who have international businesses away from the place of residency. However, not all are qualified to apply since there are some countries that are not currently catered by the service processors. Here are two companies that offer offshore merchant account services and the steps on how to apply one namely:

Panama Legal

For foreigners living in Middle East who want to invest in other countries, Panama Legal Company has provided its client an option in order to get an approved merchant account. A merchant must open a bank account in a major Middle Eastern bank, which will be under the name of Panama Corporation as well as the merchant account. The service provider will transfer money to the bank in the Middle East and then to your bank account, never directly to your account.

Thetabiz Offshore

Thetabiz is a Panamanian corporation, which provides bank card services, company and asset protection and merchant account companies’ relation. They are well-versed when it comes to account application for expatriates and high net worth individuals. To apply, here are some steps to follow such as:

* Pay one-time-lifetime membership fee of 0 for an unlimited help for bank accounts and merchant accounts * Complete the merchant account application form

* Application and your existing company website will be reviewed

* Wait until the bank has verified with the VISA and MasterCard match list

* Once qualified, sign contract with the bank and the card processor

* Wait for about 3 days for the issuance of Merchant ID or the MID * Information on how to set-up the processing will be sent to you

* Testing phase will be conducted. Once finished, you can start with credit card processing

Those international companies like U.S. based, offshore company, and Panamanian corporation, who have Middle East Offshore Merchant Account Eligibility can apply. The requirements for this offshore merchant account include, but not limited to the following:

* Existing operational company

* Valid address and a contact number

* Own internet domain

* Active bank account

There are still other merchant account service providers that cater to merchants in other countries outside U.S. Although they have different requirements, but the procedures involved during application are more or less the same. Other service processors are the following: StradaFee, Citibank, and DeltaQuest – all handle transactions from various countries like Europe, Middle East, Asia, UK, Africa, and North and South America. With their multi-currencies service, applying for a merchant account outside the country of residence is no longer a problem.

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High volume merchant accounts

High volume merchant accounts

HIGH VOLUME MERCHANT ACCOUNT

High volume merchant accounts are those accounts which can support larger number of online transactions and high volume of sales for a merchant. If a merchant has a business which involves high risks and high volume of sales then he/she needs to select a Merchant Service provider who is reliable and can provide high volume merchant account. Many issues are considered by the merchant while selecting the account provider, because the chances of fraud and limitations of the Merchant service providers can bind the merchants in growing their businesses. Some of the major considerations which should be made by a merchant before selection of the High volume merchant account service provider are;
a.    Limitations imposed by service provider
b.    Previous history and reliability of service provider
c.    Technical support given 24/7 because of the huge business
d.    Charge back problems and fraud possibility
e.    Security provided for online transactions and credit card processing

On the other hand, Merchant Service providers also have to be quite selective while approving and processing high volume business accounts, because they consider such businesses on high risk. The providers issue the accounts based on the credit history and past status of these companies. They may impose some limits on such accounts as they are responsible for the transparent transactions and security issues of these merchants. Different providers set up different rules and limitations based on the risk involved and volume of the merchants? business.

If there is a good relationship between the merchant accounts? service provider and the merchant, then there are more chances of higher sales, profits and benefits for the merchant. The rates for reliable and trustworthy high volume merchant accounts are little higher, but these provide the advantage of a and unlimited volume business.

The high volume merchant accounts  (http://www.amsvisa.com/high_volume_internet_merchant_accounts.html)  support multiple currency payments by accepting online payments in the form of different currencies. This increases business of the merchant by increasing the number of customers belonging to different countries. Moreover, if the merchants want support for their credit card transactions through email, phone and fax, then they can also get ?Virtual Terminals? from their service providers.
Another major factor to be considered in case of merchant account is the Payment Gateways. Payment Gateways act as the intermediate layer between the service provider and the merchant. These gateways are responsible for the data encryption and decryption between the two parties, to ensure the information is transferred in a manner. Payment gateways are crucially important for high volume merchant accounts because of the high risk factor. Sometimes the merchant accounts and payment gateways are run by the same company .The selection of the merchant account and payment gateway service provider is especially critical for the merchants who have a new business and don?t have much idea about the service quality and risk factors. Such merchants should utilize services of well known and well-reputed service providers to support their high volume business so as to get the maximum benefit and stability of their e-commerce business.

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How Credit Cards Are Billed

How Credit Cards Are Billed

You have never used a credit card due to the horror stories you’ve heard on credit card fraud, over-billing and snowballing debt. Lately however, you have come to realize that convenience from credit cards actually outweigh the drawbacks. Still skeptical, you are keen to determine how credit cards are billed before you decide on your next step.

A credit card is a small plastic card fitted with a magnetic stripe at the back that stores the electronic form of your personal information. Thus, when you make a charge to your card, your credit card is swiped onto the credit card terminal which will read the information on your card. Next, the sales assistant or cashier processing your transaction will enter the charge amount into the credit card terminal.

As this machine is connected online through a credit card network (such as MasterCard or Visa), the charge amount and your credit card information is sent through the network to the credit card company. A debit is then made into your account and a credit made to the merchantw account. Then, an approval code is sent back through the network to the credit card terminal and a transaction slip is printed. In order to curb bogus transactions, you will be asked to sign onto the transaction slip to verify the transaction.

Credit card companies bill their customers based on a monthly billing cycle. Charges are usually interest free on the first month, with interest charges applicable only if you have not paid off your outstanding balances. A credit card statement will be sent to your mailing address, detailing all the transactions that you have made over the last billing cycle. Apart from that, a due date for payment is also listed in your bill, after which a penalty charge for late payment will be incurred.

Most credit card companies require you to pay off a minimum of 2% of your outstanding balance (in addition to a minimum dollar amount in cases where the 2% value is too small). The rest of the outstanding charges which have not been paid will remain as your total credit card debt, plus interest charges.

As online shopping is gaining popularity, much of the purchases made over the Internet have been transacted with credit cards. The charge process is pretty much the same, with the only difference being that you don’t get a transaction slip given to you for your signature. Instead, you may be asked additional verification information such as your billing address as well as the security code printed at the back of your card. Also, for additional digital security, technology such as Secure Electronic Transactions and Digital Certificates are utilized for additional protection.

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