August 17, 2010 - 9:00am
NETBANX keeps to high security standards and this is why it was accredited and certified by such blue-chip reputable entities as PCI council. Apart from PCI DSS, NETBANX is also 3D Secure™ compliant and it is a member of SafeBuy. NETBANX takes the following measures to prevent fraudulent transactions and keep your security on a high level:
Online business and online commerce are parts of modern trends in the economic development. However, we can already talk about ecommerce as the usual everyday phenomenon, something common and widespread. While making business on the Internet may be very exciting and extremely convenient as it eliminates many costs related to keeping a brick-and-mortar store, it also brings corresponding risks and threats that are peculiar to cyber space. Many merchants today suffer high losses because of insufficient protection of their websites and unscrupulous customers who commit fraudulent transactions. It proves that in order to be successful in online sales and minimize losses incurred by scams you need to have a reliable and secure payment gateway that will guarantee fast, convenient and safe transactions. Here is where NETBANX may become your indispensable partner.
Global experience, global name
NETBANX is a division of global payments company Neovia Financial PLC. The company is located in the United Kingdom and has been offering payment services since 1996. Among the largest customers of NETBANX there are the UK government's business registration agency, Companies House and Environment Agency, Cardsave, npower. The company supports payment through and partners with all the major payment brands and networks, including (in no particular order) Visa, Mastercard, Maestro, Visa Electron, Diners Club, American Express, Visa Debit, JCB, Lloyds TSB Cardnet, Barclaycard, RBS Streamline, HSBC, HBOS, Direct Debit, Giropay, ELV, iDEAL, Poli, DirectPay24, Ukash, Carte Bleue, Carta Si, and the Neteller e-wallet.
NETBANX is truly reputed and respectable company which is proved by its being accredited by the following organizations:
PCI DSS – Payment Card Industry (PCI) Data Security Standard (DSS) is a 12 point set of guidelines for transaction security and data protection. NETBANX has achieved their Level 1 certification.
IMRG Membership – Interactive Media in Retail Group promotes best practices in e-retail, including ISIS (Internet Shopping Is Safe) accreditation.
SafeBuy – The SafeBuy Assurance Scheme is a code of conduct for web-based retailers covering data protection, transaction security and transparency practices.
IAMTN – International Association of Money Transfer Networks represents banks, financial institutions, money transfer companies, networks, service providers and other organizations involved in the money transfer industry.
HMRC – NETBANX is registered as a money services business under HM Revenue & Customs.
Portfolio: there is something for everyone
Any retailer may find something that best suits their needs in the large base of offerings from NETBANX. NETBANX is a global payment gateway and provider of payment processing services. The company has the largest experience in card processing and one of the widest ranges of non-card payment options on the market with local deposit options. NETBANX is a leader in merchant account and gateway services with card and non-card processing for merchants in the following industries:
- · Online video gaming
- · Digital media and content
- · Online retail
- · Travel and leisure
- · Government and local authority
- · Utilities
- · Education
- · Financial services, including insurance
Merchant account
NETBANX can collect and process card details on behalf of the merchant without requiring an Internet Merchant Account - an ideal choice for start-ups who need to get started straight away. Opening a merchant account and processing payments with NETBANX allows retailers to reduce their costs and even increase their bottom line by up to 7%.
In order to switch to NETBANX a merchant just needs to follow these simple steps:
1. Contact NETBANX and the integration specialist will help you schedule a needs assessment.
2. Advise your current acquirer of your switch. You may be required to obtain a new merchant number.
3. Schedule your NETBANX integration
The rest will be done by NETBANX for you.
Payment options
As we have already told above NETBANX is a competitive provider of one the most comprehensive pack of services. A merchant who just starts online business, an experienced retailer who wants to extend their reach with additional payment offering, any unique business can find something for themselves.
NETBANX offers its clients the following options:
- · Hosted Payment Pages
- · Shopping Cart Payments
- · Integrated Payment Processing API
- · Virtual Terminal
Hosted payment pages is the right choice for those who want to leave all the headache of secure web site, PCI compliance or difficult application integrations to a third party like NETBANX. The company promises to handle everything you need to start processing payments online, including setting up your merchant account.
Instead of integrating multiple payment types yourself which means additional costs you may avail yourself of the NETBANX Unified PayPage™ (UPP).
UPP allows you to offer credit and debit card payments as well as popular non-card options like NETELLER, PayPal, POLi UK, giropay, DIRECTebanking.com, iDEAL, Ukash and Internet Banking Payments. Besides, if you open a merchant account through NETBANX, you’ll get a best-in-class price.
Shopping cart payments. NETBANX allows you to expand your payment offering while remaining with your current shopping cart. NETBANX has a large base of shopping cart partners among which there are such prominent companies like osCommerce and Actinic.
Integrated payment processing API. If you host your own payment system and want to add more options you can select to implement NETBANX’ API platform that will enable you to have the full control of the payment processing flow.
Virtual terminal. With NETBANX merchants can offer their customers to make payments over the telephone, by fax or by post. All this is possible thanks to a virtual terminal. It is an online version of a swipe machine. The service enables you to input customer details online in real-time and receive instant transaction confirmation.
The virtual terminal requires minimal costs on implementation and needs no additional hardware support. Your employees will need no extra training for its use. Meantime, your consumers will have an opportunity to experience added convenience of offline payment methods.
Security
NETBANX keeps to high security standards and this is why it was accredited and certified by such blue-chip reputable entities as PCI council. Apart from PCI DSS, NETBANX is also 3D Secure™ compliant and it is a member of SafeBuy. NETBANX takes the following measures to prevent fraudulent transactions and keep your security on a high level:- · Identity verification – Compares cardholder and address information to data held by the issuing banks.
- · Transaction filters – Monitors transaction behaviors for fraudulent activities.
- · Security code verification (CV2/CVV) – Requires customers enter a three-digit security code for an additional level of security.
- · Secure 256k bit encryption – Secures both stored data and data in transit.
- · BIN and IP Blocks – Blocks transactions based on card BIN or IP address automatically rejecting transactions from sources that you wish to reject ie black lists.
- · Deferred Billing – Obtains bank authorisation deferring the final settlement process until further customer checks are complete.
Prices
Unlike other payment processing vendors NETBANX offers a flexible and competitive pricing model which makes allowance for every individual need of any client. The commissions and fees charged by NETBANX are based on customer’s conditions and business requirements. Still NETBANX gives a general idea of what it may charge for its services.
Thus, direct processing charges start from 10 pence per transaction and it may be less depending on your monthly transaction volume. Bureau charges start from just 1.9% plus 20 pence for credit cards and 45 pence for debit card transactions. Rates are subject to status and a monthly minimum charge of £20. Charges for paperless direct debit start from 10 pence per transaction and are subject to a monthly minimum charge of £50. Bureau charges apply if using NETBANX SUN.
Conclusion
Conducting business online is not just laying out your trinkets in an outdoor stall. Because dangers are mostly hidden on the Internet. Faceless interaction makes it very easy for scammers to commit their felonies. Besides, opening your own merchant account and gaining accreditation for safe card processing is not like buying a candy. Many savvy consumers today prefer to make purchases only at those merchants who are PCI and 3D Secure compliant. NETBANX is the best option for a merchant of any size as it is the most efficient way to save costs on payment processing while having a secure payment gateway.