ITransact

Infobox_Company
company_name = iTransact, Inc.
company_
company_type = Private
company_slogan = Your Gateway to Commerce
foundation = 1994
location = Farmington, Utah, USA
industry = Merchant services Credit Card Payment Gateway Services E-commerce
homepage = [http://www.itransact.com/ www.itransact.com]

iTransact, Inc., 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 as RediCheck, one of the earliest providers of telephone-based check acceptance services. [ [http://www.allbusiness.com/technology/technology-services/821229-1.html AllBusiness.com, October 1, 2001.] Retrieved 11 March 2008.] RediCheck made its services available on the Internet in the fall of 1995, making it one of the first providers of online check acceptance. [Win95 Magazine, November, 1996.] While this remains one of the company’s service offerings, iTransact today is primarily a provider of credit card payment services to merchants in the United States and Canada. Merchants 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, Intermational 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. The iTransact payment gateway allows merchants to accept payments via both PayPal and traditional merchant accounts; PayPal compatibility is rare among traditional merchant account providers since PayPal is a direct competitor.

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 invisibly, i.e., 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 allows "Transactions by Telephone," whereby a merchant can dial directly into 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.

ecurity

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:

* Address Verification System (AVS): Indicates whether the address and zip code entered by a customer matches the corresponding information at the cardholder’s bank; allows the merchant to automatically decline transactions on full or partial mismatches.
* IP Filter: Option to restrict orders to a specific IP address or range of IP addresses.
* Min/Max Transaction Size: Option to automatically decline transactions for amounts too small or too great.
* Card-Tester Block: Option to temporarily block all authorization attempts subsequent to a declined transaction.
* "Proof of Life": Option to enable a CAPTCHA-type test on transactions.

References

External links

* [http://www.itransact.com/ iTransact web site]