Credit cards-nj-product-networking-presentation

11/16/2015
http://www.creditcardsnj.com
© 2003-2013, Credit Cards, NJ. All Rights Reserved 2
“This is by far the most complex industry I have ever
been associated with. I always tell new employees to give
themselves six to nine months to become comfortable
with the lingo and to understand how the payment
processing system works.”
– David Schwartz, Director of Marketing, Authorize.net (April 2006)

11/16/2015
Mission Statement
Provide an easy and secure way for
businesses to accept credit and debit
cards along with checks and other
electronic payment programs in your
store, at home, or on the Internet.

11/16/2015
Our Product Lines
 Merchant Accounts
 ACH Programs
 Check Conversion
 Check Truncation
 Check Verification
 Check Guarantee
 ATM Machines
 Gift & Loyalty Cards
 Business/Merchant Cash Advance
 Business Credit Cards
 Web Hosting – CCNJHost.com

11/16/2015
Merchant Accounts
No two businesses are alike, so they can't
be expected to have the same bankcard
processing needs. Although we provide a
wealth of standard credit card
processing services, we also have a
variety of customized solutions to fit any
business requirement.

11/16/2015
Merchant Accounts (cont’d)
Industry Jargon
 Qualified transaction
 Mid-Qualified transaction
 Non-Qualified transaction
 Rewards/Points-based card transaction
 Debit/Check Card transaction
 Interchange

11/16/2015
 Types of accounts:
 Retail (swiped)
 Countertop devices
 POS systems
 Wireless devices
 MO/TO (keyed)
 Virtual terminals
 eCommerce (Internet sales)
 Gateways

11/16/2015
 Typical Costs for Retail (swiped) Accounts
 1.39% + for check-card transactions
 1.65% + for credit & check-card transactions
 1.89% + for credit card transactions
 $0.15 + per transaction (plus NABU fees)
 $10.00 + for monthly statements & account maintenance
 Visa FANF fees ($2-$40,000/mo.)
CCNJ refers all merchant accounts to one or more of the following processors:
Capitol Payment Systems/Wells Fargo Bank N.A, Walnut Creek, CA;
North American Bancard/ HSBC Bank USA, Buffalo, NY
PowerPay/HSBC Bank USA, Buffalo, NY

11/16/2015
 Typical Costs for MO/TO & e-Commerce Accounts
 1.89% + for check-card transactions
 2.39% + for credit card transactions
 $0.20 + per transaction + $0.10 AVS fee (plus NABU fees)
 $10.00 + for monthly statements & account maintenance
 $20.00 + for virtual terminal access (monthly)
 Visa FANF Fees ($2-$40,000/mo.)
CCNJ refers all merchant accounts to one or more of the following processors:
Capitol Payment Systems/Wells Fargo Bank N.A, Walnut Creek, CA;
North American Bancard/ HSBC Bank USA, Buffalo, NY
PowerPay/HSBC Bank USA, Buffalo, NY

11/16/2015
Terminals Available:
 Stand-alone terminals (dial-up, IP based or dual-comm)
 Several models available to fit your needs
 Point-of-Sale terminals (computerized systems)
 Several options available to fit your needs
 Wireless terminals
 Several models & plans available based on your usage and needs
 Online/Virtual terminals
 Authorize.net and others
??? FREE vs. PURCHASED vs. LEASED vs. RENTED ???

11/16/2015
ACH Programs
 Credit Cards, NJ's ACH (Automated Clearing House)
program is an electronic funds transfer (EFT) service
that enables you to automatically debit your customers
from their checking or savings account.
 Debited funds are deposited into your business
account the next business day after collection.
 Automatic debits are scheduled on the days you
choose. Preparing and the mailing of invoices and
accepting payment by paper checks and the risks of
late payments are all virtually eliminated. Cash flow
becomes predictable. Accuracy guaranteed. Plus, your
customers will be able to avoid the hassle of writing
and mailing checks. And you enjoy money in the bank
on time, every time.

11/16/2015
Checks
 Credit Cards, NJ has three options for converting
paper-based checks into electronic
transactions:
 Check Truncation
 Check Verification
 Check Guarantee

11/16/2015
ATMs
 Store sales increase between 8-12% by having an ATM
inside
 ATM cardholders spend an average of 20-30% more
then none ATM customers.
 People use their ATM cards in convenience store more
than any other point-of-sale cash back device by nearly
28 to 1.

11/16/2015
ATM (cont’d)
 Over 90% of the ATM transactions are cash
withdrawals, as opposed to balance inquires.
 Adults use an ATM in a convenience store more than
any other service in the store except pay phones.
 The most popular day for ATM's is Friday.
 The average withdrawal from an ATM is $43.
 Studies show that cash retention among large retailers
is 30-33%. Smaller retailers can be as high as 40%!
 Up to 80% of the dispensed cash in nightclubs,
remains there.
 Each year ATM's handle nearly 18 million transactions.

11/16/2015
Gift & Loyalty Cards
 Myth: Only the large retailers and
chain stores offer gift cards to their
customers
 Fact: Not true! CCNJ has reduced
the expenses to make these programs cost-effective for
small retail and even start-up merchants

11/16/2015
Gift & Loyalty Cards (cont’d)
 Gift and Loyalty cards generate money for merchants.
 Gift and Loyalty cards are great advertising pieces.
 Gift and Loyalty cards encourage repeat business.
 Gift Cards are the fastest growing form of non-cash
payment in the country.
 Gift Cards are great to hand-out for promotional
events.
 Gift Cards can be used for store credit in place of cash
or refunds on returned merchandise.
 Gift Cards are compatible with almost all existing
terminals.
 Gift Cards can replace paper gift certificates for easier
accounting.

11/16/2015
Gift & Loyalty Cards (cont’d)
Which merchants would benefit from
 Gift Cards: Small & large retailers, restaurants and
franchises benefit from a gift card program. Gift cards work
well to replace traditional paper gift certificates and/or
store credit slips.
 Loyalty cards: Car washes, delis, restaurants, retailers, dry
cleaners, and other merchants that depend on and reward
repeat business.

11/16/2015
Business/Merchant Cash Advance
 A business/merchant cash advance allows you to
receive money now in exchange for the purchase of
a small portion of your future Visa®and
MasterCard® sales.
 Cash advances are deposited into your business
checking account giving you immediate access to
needed funds.
 If traditional bank loans are not an option, or you
simply want to borrow against your future sales,
then a Business/Merchant Cash Advance from
CCNJ may be the perfect alternative for you.

11/16/2015
Web Hosting
 Via our CCNJHost.com division, we offer hosting
solutions on Linux servers.
 Hosting plans start as low as $18 per year.
 SiteBuilder, cPanel 11, Wordpress and many more
features are available to you* as clients of
CCNJHost.com.
*Some programs require additional one-time and/or monthly fees and are in addition to the yearly hosting fee.

11/16/2015
Thank you for your time!
Credit Cards, NJ
Teaneck, NJ 07666
p. 201.645.0132
w. www.creditcardsnj.com
e. jennifer@creditcardsnj.com
Payments4Business
creditcardsnj

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