Dedicated to keeping consumer payment information secure and businesses safe from fraud, Retriever Powered by NPC provides a wide range of both electronic and physical payment solutions. One of the largest providers of debit and credit card acceptance, Retriever Powered by NPC features a secure point-of-sale terminal to give customers the convenience of different payment options, and makes it easy for businesses to accept all of a customer’s possible payments securely.
The company’s centerpiece application, NPC Secure, is one of the most flexible and most secure payment apps available, and all it requires to work is an Internet connection. Featuring recurring payment options and the ability to easily issue credits or voids, the application can handle eCommerce, telephone, and in-person transactions. Fully compliant with PCI standards, the app requires no additional software to protect cardholder data. Additionally, the application allows multiple users to log in with different user rights, making it easy for medium-size and small businesses to employ.
In this age of continual technological advances, consumers have to be increasingly aware of the threats to their privacy and financial security that stem from utilizing credit cards online and other forms of mobile web-based financial transactions. In response to this growing threat, advancing tech companies around the globe are developing new and increasingly secure mobile payment strategies and tools.
One tech firm in Louisville, Kentucky, offers all of these advantageous new payment methods in its new line of products, Retriever Powered by NPC. A full line of equipment and services offered by Retriever Powered by NPC is available on its website at www.npc.net or by phone at 877-453-5933.
One of the company’s premier new mobile-payment products, the Vivopay 4500m, is a contactless payment device that functions similarly to the traditional magnetic stripe payment device, except that it allows users to tap or wave their payment cards to facilitate the transaction. The result is a faster and easier method of payment processing for both vendors and customers.
A renowned market leader in payment processing services and technology, Retriever Powered by NPC provides flexible commerce solutions to utility and health care providers, property management firms, restaurants, supermarkets, and online businesses.
Merchants must remain up-to-date with data security concerns in the ever-changing world of online commerce. When preparing data security management policies, executives should consider the type of payment technology their businesses offer consumers. Using compliance-enabling payment technology, such as masking and virtual terminals, will reduce the risk of a data security breach. A mobile device management strategy should be implemented to deal with the security concerns of using tablets and smartphones.
An essential task for any business is ensuring the security of the on-site wireless network. An expert will identify any security loopholes. Business leaders are advised to monitor the hardware that accepts payments on a regular basis to identify any potential data skimming. Those who use Payment Card Industry guidelines can reduce the PCI Scope around Tokenization. Finally, beyond transaction-based data, data released from systems through to social networks should be examined. Retailers are required to protect and effectively manage this valuable and sensitive information.
Payments using credit have been around for more than 100 years, but the use of electricity to process credit payments is slightly newer. Western Union developed the technology to make electronic money transfers as early as 1860, but it was not until the invention of the charge card in the 1940s and 1950s that people started carrying around cards that allowed them to defer payment for goods and services.
As consumers learned about the convenience and practicality of charge and credit cards, their popularity increased. The first such cards were offered on a vendor-specific basis, meaning they were only valid at a single retail location. Then, in 1966, Bank of America introduced the first plastic, all-purpose credit card. In the following years, credit card issuers introduced processing systems that cut the costs of accepting credit cards for banks and merchants.
Today, the omnipresence of credit cards makes online commerce possible, and Americans tend to favor electronic payment methods over other options.
About the Author
Retriever Powered by NTC joined the emerging electronic payment industry in the 1960s. Today, it remains a leading force in the field of electronic processing equipment, services, and support for small- and medium-sized businesses.
From a consumer’s perspective, card processing may look relatively simple—a purchase is made, a card is swiped, and, eventually, a bill is paid. However, what actually happens when a credit or debit card can often be a bit more complex, with multiple steps occurring in an environment known to insiders as the “Black Box.”
The Black Box is the electronic realm in which card processing companies, the Merchant Accounting System (MAS), Visa/MasterCard, issuing banks, partner banks, and the Automated Clearing House (ACH) perform a number of functions. These include authorizing transactions, clearing transactions via data transfer, billing cardholders electronically, transferring funds to the merchant’s deposit account through the MAS and ACH systems, and settling fraud disputes. All of these largely invisible steps are highly regulated and executed by an industry that employs more than 50,000 individuals.
Each year, this cadre of service providers and organizations is responsible for providing processing for over 35 billion credit and debit transactions worth more than $2.3 trillion dollars nationally. With an ever-increasing variety of technologies that initiate card processing via cellular and tablet devices, including scanners, card readers, and mobile apps, merchants need to consider the technology options and service delivery quality of the many available merchant acquirers and processors like NPC.
National Processing Company (NPC) is a substantial credit and debit card processer also offering Merchant Acquirer services including Retriever Powered by NPC.