FEATURED ARTICLE

Amex OnePoint

Now receive funding at the same time as your Visa, MasterCard and Discover sales!

Beginning April 2009 newly boarded merchants can qualify for the American Express OnePoint Program. The American Express OnePoint Program allows merchants to receive one simplified statement and receive funding for VISA, MasterCard, Discover, and American Express at the same time. Merchants that qualify for this program are newly boarded merchants or existing merchants that are NOT currently accepting American Express. Merchants that currently accept all four card brands can anticipate a similar program in approximately twenty-four months.

While merchants will receive the same rates for VISA, MasterCard and Discover, the AmEx rates will differ. As in the past the American Express rates are determined by American Express. One of the new and important features of the OnePoint program is that Amex transactions are paid just as quickly as bank cards. Amex rates are now much closer to the typical bank card rate, and since American Express card holders routinely spend more than customers who use only bank cards, any difference in rates will be covered.

The main benefits for merchants is that all set up, processing, settlement, funding, customer support and reporting for eligible American Express acceptance are performed at one centralized location, thereby providing merchants with one processing relationship for all major card brands.

Call 877-877-6511 to accept AmEx.

PRODUCT SPOTLIGHT

Money Manager

Money Manager provides small and mid-sized businesses with a cash advance service that enables them to quickly access the cash they need to keep their business strong and successful. Money Manager allows merchants to obtain working capital without the need for personal guarantees, collateral, liens, fees, points or fixed monthly payments. Money Manager does not affect a merchant's ability to qualify for other financing.

Money Manager cash advance service works by simply converting future VISA/MasterCard credit card receivables to cash. It allows merchants to repay with a small percentage of their daily credit card transactions. There are no fixed payments or finance charges. Merchants pay only when they make a sale. The cash advance is an advance against estimated future monthly sales. The amount deducted is a previously agreed upon percentage of their future sales until their account is settled. The Merchant receives a monthly statement and has the ability log-in to the website to view payment history, track daily transactions and see their remaining unpaid balance.

Click here for more information or to complete an application.

TECH TIP

Upgrade to viaWarp 2.014

viaWarp is a PC based sales solution that allows merchants to use their existing internet connection to process payments. Merchants that currently have viaWarp will not be charged to upgrade to viaWarp 2.014. Simply go to File›Upgrade. This version of viaWarp is PCI compliant.

For more information please visit viaWarp.