Wednesday, May 26, 2010

Visa Card Transactions and 82North

82North brings this to you because we are part of that ability to accept electronic payments without the headache. Yes, duly noting transparency, there is a monthly fee of $8.90, 82North is a PCI Compliant service using the MMS merchant account and online gateway - and still is the most cost effective in the industry.

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Visa Card Transactions Rose 14%
As electronic payment volume continues to rise, corporations can streamline their operations by outsourcing electronic payment reconciliation management, active exceptions management and PCI compliance. Visa processed 9 billion transactions in the U.S. last quarter, up 14% from the year prior. Visa's debit card transactions were up 19% and credit card transactions were up 2% over the year prior. Electronic bill payments provide many benefits to the company accepting them; however, they also can create headaches in the form of managing payment reconciliation, exceptions and PCI compliance. By outsourcing treasury management, companies can continue enjoying all the benefits of accepting electronic payments without the headache.
Source: Digital Transactions News, April 29, 2010