#1 Credit Card Processing Company
Merchant Data Systems, which was founded in 1997 and has its headquarters in Miami Beach, is a payment gateway— that is, an eCommerce application service provider whose function is to authorize the payment made by an Internet or traditional “bricks and mortar” business, just like the point of sale in a physical store. Merchant services include mobile credit card processing
as well as brick and mortar business solutions: electronic check conversion, automated account settlement, electronic benefits transfer— all on the complex credit card machines described below. They also sell and lease credit card processing and other equipment and serve proprietary gift card and loyalty programs.
Every company, whether large or small, needs to have an efficient, streamlined method of getting those with whom they do business to accept credit cards from them. And that is where payment gateways make their valuableness manifest. The technology used by MDS is sophisticated and up- to- date enough for all credit card processing companies and includes only the best credit card machines. These range from small calculator- like devices that process the card and print the receipt, to various “virtual terminals” such as First Data Global Gateway (FDGG), which requires no software to install: It is ready to accept credit cards from anyone who has an online merchant account, once that person is logged in. All major credit card lines— Visa, MasterCard, Discover, American Express, Diners Club, and JCB— are accepted.
Mobile credit card processing is also a big part of the merchant services of MDS. With them, the client with a merchant account can literally transform his own iPhone (or other smartphone) into a mobile POS device. To do this, the client must first sign up with MDS Mobile, after which both his desktop computer and his smartphone become “virtual terminals” and he can enact business transactions while “on the go.” The system is so flexible that no adjustments are needed should the owner of the credit card merchant account get a new machine or phone. What is more, usage of the software is cheap, costing only a few pennies for every transaction. And MDS Mobile is as secure as one can get: None of his personal data that could be used to commit identity theft is stored on the user’s machine.
Here, in greater depth, is a description of how MDS Mobile can be used on a smartphone. The seller logs in using his secure credentials, then attaches the MDS Mobile device— which is shaped like a half moon and has a slit which the card can go through— to the top of the phone and punches in the sales total on the keypad, presses “Next” and the swipe button, and slides the card through. All of the online merchant account owner’s information then appears on the screen in truncated form, and the seller hits “Next” and types in his own notes, which will be available to him alone. He also clicks on the “Send Receipt” button, so that the customer will get the receipt in his email account. When he hits “Submit,” then authorization of the credit card merchant account takes place within seconds, and the seller knows whether it is valid or not.
Great and convenient as it is, what was just described is not even half of what MDS has to offer. Those who have merchant accounts with them can also have their cards processed over wireless network— and this feature is especially useful for those who work from places that have not traditionally been used as bases from which to do business— fairs, job sites, and the like. Those who continue to work from the conventional places can take advantage of the digital or analog technology that credit card processing companies have been using for a long time.
MDS is very flexible indeed; its architecture is capable of supporting several POS options. Best of all, MDS’s POS hardware is covered by warranty.
Not surprisingly, MDS— particularly its Cash Advance program, which offers advances on credit card receivables that enable the beneficiaries to purchase new equipment— is used by all of the leading restaurants in the nation. Likewise, many gas companies, mail and telephone order companies, and merchants whose businesses make them rank as “high risk,” are also turning to MDS for solutions.
MDS has been accredited by the Better Business Bureau, and on a scale of A+ to F, it has been given an A. Just the past year, too, MDS announced that they were joining up with Karma Snack, an online marketing company, in the hopes of being able to increase the sales made by their clients.
To sign up with MDS and start accepting credit cards, one puts in his personal name, email address, and phone number, and optionally, he may also include the name of his business, what they sell, and types of transactions (this category includes retail [swiped], online/ e- commerce, pay at the table, electronic check service, gift card program, and nonprofit). Applications are in the vast majority of cases approved immediately.
Like any online enterprise, MDS has its customer support team that is working 24/ 7 to answer their clients’ questions and help them solve any problems they might have. A happy customer is a long- term customer. As the people at MDS say: Let us have a successful and profitable relationship.
For the last 3 years, Karma Snack, too, has been a growing player as a marketing services company. A large part of the services involves SEO (search engine optimization), a system of using keywords in such a way as to increase a website’ ranking on a list of search results, and both Internet and mobile SEO are provided. Karma Snack will surely be a fine complement for Merchant Data Systems in their new partnership.