Feed: NELiX Speaks on Payment Processing - AggScore: 47.5
Summary: NELiX Speaks on Payment Processing
The NELiX TransaX Blog is a discussion of payment processing, and how it related to technology.
AMC Institute 2012
I'm heading out to sunny Palm Springs tomorrow morning for the 2012 AMC Institute Winter Meeting and I couldn't be happier! AMC Institute meetings are always great - great people, great food, great content - I always learn a ton - and great opportunities!
Maybe I'll see you there!
AMC Institute
Date Published: Feb 07, 2012 - 8:49 pm
Certified Payment Professional
Every industry has it's certifications and accreditations.
A body governing an industry, usually an association, puts
together a set of standards that they feel all active members of
that industry should adhere to. These standards are usually
discussed in great detail amongst many industry participants who
have been active, and are leaders in their field.
Members of the industry are then tested and reviewed, and if they
pass - they are given a stamp of approval from the governing
body. This seal tells the world that this individual
has knowledge and understanding of the industry they are working
in, and can prove it.
Recently, ETA developed the CPP program - the Certified Payments
Professional. I'm proud to say that I was in the very
first test group, and I passed! It is a great honor
to be considered by ETA to be knowledgable in my
field.
More on ETA
More on NELiX TransaX
Date Published: Feb 04, 2012 - 1:20 pm
Matthew J. Schwartz is now a Certified Payment Professional
The Electronic Transactions Association (ETA) is pleased to announce that Matthew J. Schwartz has been granted the designation of Certified Payments Professional™ (CCP). By successfully meeting the rigorous certification examination requirements, he has joined an exclusive community of electronic transactions professionals who have earned this distinguished certification. In doing so, Mr. Schwartz brings the highest level of expertise and distinction in electronic transactions to NELiX TransaX, LLC. Recognizing the unique skills and special knowledge required of electronic transactions professionals, ETA launched the certification program in 2011.
In addition to meeting the program's
education and experience requirements, those awarded the CPP™
designation must complete a minimum of 36 hours of
industry-related continuing professional education every three
years.
More and more employers, faced with
critical staffing decisions, consider the CPP™ credential an
added value to current and prospective employees. Further, a
competent CPP-certified staff is crucial to maintaining a
competitive advantage in the field.
------------------------
About ETA
The Electronic Transactions Association is an
international trade association representing more than 500
companies who offer electronic transaction processing products
and services. ETA’s
mission is to advance the payments
industry profession by providing leadership through education,
advocacy and the exchange of information.
Date Published: Jan 30, 2012 - 9:59 pm
TransaX QB Version 6.7.7.0 Released!
The latest version of TransaX QB includes not only numerous usability enhancements, but also comes with new branding! Previously the NELiX TransaX QuickBooks Module, now called TransaX QB! The branding shift coincides with a branding strategy overhaul across the NELiX TransaX Technology suite.
This includes:
- TransaX QB - previously the NELiX TransaX QuickBooks Module"
- TransaX FleXport - our powerful developers toolkit for integrating points of payment into any application!
- TransaX Mobile - our mobile offering (available on Android. On iPhone the old iTransaX brand remains currently.)
- TransaX Billpay - our Electronic Bill Payment and Presentment solution
Information on the NELiX TransaX QuickBooks module can be found at http://www.quickbookscreditcards.com
Information about NELiX TransaX can be found at http://www.nelixtransax.com
Information on NELiX TransaX FleXPort can be found at http://www.transaxdevelopers.com/flexport
Date Published: Dec 03, 2011 - 2:39 pm
Merchant Accounts 101
We had the opportunity to speak at the Accounting C4 2011 conference in Boston this year. Take a look at the session now live on YouTube!
Date Published: Sep 30, 2011 - 7:31 am
How I met Ben Stein at Accounting C4 in Boston!!
I just got back from the Accounting C4 (Cloud Computing
Collaborative Community) conference in Boston. It was a great
show! It was my first time in Boston, and I particularly enjoyed
the boat cruise around the bay - what amazing architecture that
Boston has!
We made many great new contacts at the show, but the most interesting person that I met was Ben Stein! He was there to give the keynote speech, and I had the pleasure of riding the elevator down with him the morning of his keynote.
He noticed that I was also a speaker (as my badge was tagged), and said "You're a speaker too!". I responded, "yeah, but not nearly as entertaining as you!". He asked what I was speaking about, and when I replied "Merchant Accounts", his response was, "I just make people laugh and think, you talk about the important stuff - money!"
His keynote is great! It made you laugh and think. Very entertaining, informative and intelligent.
And as for my session, we'll soon you can see for yourself. We took a video, and will be posting on YouTube soon. Watch this space!
In the meantime, you can learn more about our QuickBooks Credit Card and ACH Processing Plug-in.
We made many great new contacts at the show, but the most interesting person that I met was Ben Stein! He was there to give the keynote speech, and I had the pleasure of riding the elevator down with him the morning of his keynote.
He noticed that I was also a speaker (as my badge was tagged), and said "You're a speaker too!". I responded, "yeah, but not nearly as entertaining as you!". He asked what I was speaking about, and when I replied "Merchant Accounts", his response was, "I just make people laugh and think, you talk about the important stuff - money!"
His keynote is great! It made you laugh and think. Very entertaining, informative and intelligent.
And as for my session, we'll soon you can see for yourself. We took a video, and will be posting on YouTube soon. Watch this space!
In the meantime, you can learn more about our QuickBooks Credit Card and ACH Processing Plug-in.
Date Published: Sep 21, 2011 - 11:19 pm
Right Networks and Accounting C4
We're excited to be heading out to the C4 Accounting Cloud
Computing Collaborative Community conference in Boston this
weekend!
Right Networks is Intuit's Exclusive Provider of the QuickBooks Enterprise Solutions Hosting Service. And NELiX TransaX is Right Network's exclusive partner for providing payment processing services.
With our powerful QuickBooks plug in (TransaX QB), allowing merchants to process credit card transactions, run ACH / e-check transactions, run many transactions in a batch, pay vendors via ACH and much more, partnering with Right Networks was a perfect fit.
TransaX QB is already installed on the Right Networks cloud, so their client base has access to it instantly.
At the show this weekend, we'll be holding a session discussion how credit card transactions work - how the communication takes place, how the money flows and more. If you're in Boston, and interested in QuickBooks Cloud Computing, check out the show and attend our session!
More on Right Networks
More on C4 Accounting Cloud Computing Collaborative Community
Right Networks is Intuit's Exclusive Provider of the QuickBooks Enterprise Solutions Hosting Service. And NELiX TransaX is Right Network's exclusive partner for providing payment processing services.
With our powerful QuickBooks plug in (TransaX QB), allowing merchants to process credit card transactions, run ACH / e-check transactions, run many transactions in a batch, pay vendors via ACH and much more, partnering with Right Networks was a perfect fit.
TransaX QB is already installed on the Right Networks cloud, so their client base has access to it instantly.
At the show this weekend, we'll be holding a session discussion how credit card transactions work - how the communication takes place, how the money flows and more. If you're in Boston, and interested in QuickBooks Cloud Computing, check out the show and attend our session!
More on Right Networks
More on C4 Accounting Cloud Computing Collaborative Community
Date Published: Sep 14, 2011 - 9:26 am
The Durbin Amendment
The recent Dodd-Frank Wall Street Reform and Consumer Protection
Act of 2010 had largely no affect on the merchant account side of
the banking business. That is, until the Derbin Amendment was
attached and pushed through.
I recently had the opportunity to see Senator Christopher Dodd
speak at ETA, and he explained how the amendment was pushed
through at the last minute - nobody really paid attention to it,
and it just got passed along with everything else.
The Durbin Amendment has some major ramifications to the payment
processing industry. Speicifically:
-
- A cap of 7 to 12 cents on most debit card swipe fees, a
decline of about 80% from present levels
- The introduction of competition, by giving merchants a choice
as to which debit network they process transactions over. For
example, present arrangements effectively force merchants to
process many Visa transactions over the STAR network, even if
competitors like PULSE and NYCE offer to conduct the same
transaction at a lower processing price.
- Merchants can impose a $10 minimum on credit card
transactions (this number can be adjusted by the Fed as they see
fit). Previously, Visa and MasterCard banned this practice in
their merchant agreements.
- Merchants are allowed to give discounts at the register to
those who pay with cash or debit cards. Previously, Visa and
MasterCard banned this practice in their merchant agreements.
Of course, anybody who makes their money from selling merchant accounts is unhappy about this. The amendment is under review, according to Senator Dodd, so we may see changes in the future, but that will most likely take some time.
A great article about this amendment can be found here (and some of the information in this blog was taken from this article): http://www.nerdwallet.com/blog/2011/durbin-amendment-explained/
Date Published: Jul 30, 2011 - 12:49 pm
Electronic Bill Pay and Presentment
Announcing the NELiX TransaX Electronic Bill Pay and Presentment Software - TransaX EBPP!
TransaX EBPP was built using the same high standards as our other technology offerings.
The TransaX EBPP software is designed to hook into a merchant's backend system to receive accounts receivable data, and allows that merchant's customers to log in and pay their bills.
Customers can easily setup many different payment methods - both Credit Card and ACH. Automatic payments can be created. Payments can be made immediately or scheduled.
The system is flexible, easy to use and inexpensive. If you're interested in a demo, contact NELiX TransaX today! More information on the TransaX EBPP coming soon...
Date Published: Jul 25, 2011 - 8:09 am
QuickBooks and Jobs
The NELiX TransaX QuickBooks Payment Processing Module now supports Jobs! Credit Card, ACH / E-Check / EFT, RDC / Remote Deposit / Check Conversion, batch processing, etc - all of the features available in the module can now be used at a customer or a job level!
More information on the NELiX TransaX QuickBooks Payment Processing Module.
Date Published: Jul 20, 2011 - 12:57 pm
How I won $2500 at ETA
This is the story of how I won $2500 playing poker at the North American Bancard Booth at ETA this year.
For the last ten years, ETA has been in Las Vegas every year. This year, their contract had ended with Mandalay Bay, and ETA was moved to San Diego. No gambling :-( Sadness. Or at least so I thought.
Every vendor at a trade show does whatever they can to bring people into their booth. Some vendors get extremely creative to get people into their booth. North American Bancard had a poker tournament at their booth as an incentive to get people in. So, being a poker player (not a great player, but not horrible - I'm OK), I said why not - and signed up.
There were 6 tables of 8. I was at the first table. Instantly I recognized the best player at the table (hint - it wasn't me). He was sitting at the opposite side of the table from me. It was a timed tournament. 45 minutes - person with the biggest stack goes onto the final table. 10 minutes left, there were 4 of us left. The player - sitting opposite of me - had the largest stack, by far, and it looked like he was going onto the final table. But, only a few minutes before the end of the game, I somehow took out the other two players on an "all in". My stack was suddenly the biggest at the table, and I went onto the final table.
When I got there, with the 5 other winners, I could tell every one of these guys knew how to play. Except one guy - he seemed kind of like a bit of a clown - he was obviously the worst player of the bunch of us - I could tell just by the way he carried himself and dressed.
By the end of the game, there were 4 of us left, and only about 15 minutes to go. Blinds were getting pretty high. The clown in the corner somehow had the biggest stack. He was just goofing around though - not taking the game seriously it seemed. Just like in the first game, I took the other two guys out - got lucky - on an all in. That left me and the clown, and he then ran down the clock.
Turns out the clown was the world series of blackjack champion a couple years back, and was a professional card player. I took second place, and won $2500. Woo hoo!
Date Published: Jul 15, 2011 - 12:26 pm
ETA 2011
I was at the ETA show (Electronic Transaction Association) a few weeks ago. I wanted to blog about it earlier, but haven't had the time. It was a great experience! The show was in San Diego for the first time in years.
While I was there, I saw a monkey running around the trade show floor, sat in a Back to the Future Delorean replica, had way too many "bluetini's" (sponsored by American Express of course), and won $2500 in poker (a story for another blog).
Of course, I did a lot of business while I was there also! The great thing about ETA is that everybody from the industry is all in one place at one time. Well, not everybody, but a lot of key players are all in the same room at the same time. That is something that you really can't put a value on. Bank Cards, Banks, Processors, ISO's, gateway providers, terminal manufacturers, mobile technology, PCI compliance vendors, and so on.
There were great speakers this year - I really enjoyed listening to the keynotes specifically. Senator Chris Dodds spoke about the Durbin Amendment (I'll blog about separately) and Steve Wozniak (co-founder of Apple), spoke about technology and mobile processing. Both very interesting topics, given by two extremely interesting speakers.
All in all, it was a great show. Can't wait for next year!
Date Published: Jul 10, 2011 - 12:17 pm
Shopify
I just ran across this link while surfing the other day:
http://blog.shopify.com/2009/5/6/support-for-nelix-transax-payment-gateway-added-to-shopify
This was some time ago it seems, but it's always nice to find our technology integrated into a system that we weren't even aware of :-)
Shopify is a hosted gateway built using Ruby. NELiX TransaX has a Ruby component that is part of Ruby's ActiveMerchant. ActiveMerchant makes it extremely easy for any Ruby developer to download and install the NELiX TransaX payment processing libraries. Once downloaded, the Ruby developer can easily integrate points of payment - credit card and ACH acceptance - into their application.
NELiX TransaX was integrated into Shopify some time ago.
More information on Shopify.
More information on accepting credit card and ACH through your Ruby application.
Date Published: Jul 05, 2011 - 10:12 pm
NELiX TransaX LLC, based in Schaumburg IL, brings tools to Android Developers!
NELiX TransaX LLC, based in Schaumburg IL, brings tools to Android Developers!
NELiX TransaX has released another update to the TransaX FleXport ToolKit. The FleXport ToolKit enables developers to easily integrate payment processing (credit card, debit card, ACH / e-check, remote deposit capture (RDC), etc) into their applications. With the latest release, a new class has been added specifically for Android developers.
Mobile payments is a growing market, and more and more app developers need a solution for accepting payments within the apps they build. Our tools make it as easy as plug and play to add points of payment into any Android app.
"This is the most exciting release to date," explains Matthew J. Schwartz, President of NELiX TransaX. "We plan to make it easy for mobile application developers to accept in-app payments."
The NELiX TransaX FleXPort Toolkit includes documentation, example integrations and modules for:
- VB.NET 1.1
- VB.NET 2.0
- C#
- Classic ASP
- Microsoft Access
- VB6
- PHP
- Ruby
- 4D/4th Dimension
- FileMaker
- iMIS
- Flex/Flash
- FoxPro
- ColdFusion
- JAVA
- Lasso
- Android
"We have exciting new offerings in the near future in the mobile arena, " adds Adam O'Hare, Vice President of NELiX TransaX, " this market continues to grow, and we plan to continue to serve the development community."
Information about NELiX TransaX can be found at http://www.nelixtransax.com/
Information on NELiX TransaX FleXPort can be found at http://www.transaxdevelopers.com/flexport
Date Published: Jul 03, 2011 - 10:37 pm
Mobile Payment Processing is going crazy!
It is clear that mobile computing is the wave of the future. With the introduction of "app" driven devices - first iPhone, then Android, and now Windows Mobile and Blackberry have jumped on board - the power of mobile devices has skyrocketed.
This environment is a haven for innovation and creativity. New uses for mobile technology are introduced on a daily basis. One area that there is a ton of activity, and much more to come is the mobile payment processing. Credit card acceptance through mobile devices is expected to skyrocket to $1 billion by 2014!!! Take a look at this article on the topic: Mobile Payments Take Hold Around The World.
We are very excited about our mobile strategy. iTransaX for iPhone has been out for over a year now, with great results. Our Android app will be introduced within a matter of days. But that is just the start. We have many exciting mobile related offerings to come. Our goal is to help everybody easily accept credit card and ACH / e-check payments through any mobile technology. Watch this space for more to come!
Date Published: Jun 30, 2011 - 9:26 pm
Visitor Rating: 5 (1) (Rate)
 |
|
Story Clicks: 2
Feed Views: 118
Lenses (Add|?)
Comments (Log in to add)
Feed Details
Date Added: 02/06/2009
Date Approved: 02/06/2009
By: Anonymous
Date Approved: 02/06/2009
By: Anonymous
Search FeedAgg.com
3600 sp8889 serv 3.7196 seconds to generate.