iTransact
| File:ITransact logo 2010 250w.png | |
| Private | |
| ISIN | 🆔 |
| Industry | Merchant services Credit Card Payment Gateway Services E-commerce |
| Founded 📆 | 1994 |
| Founder 👔 | |
| Headquarters 🏙️ | Farmington, Utah, USA |
Area served 🗺️ | |
| Members | |
Number of employees | |
| 🌐 Website | www.itransact.com |
| 📇 Address | |
| 📞 telephone | |
iTransact 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 by the father and son team of G. Allen Sumsion and Mike Sumsion. Originally known as RediCheck, iTransact is one of the earliest providers of telephone-based check acceptance services.[1] RediCheck made its services available on the Internet in the fall of 1995, making it one of the first providers of online check acceptance.[2] In 2010, iTransact, Inc., merged with National Merchant Services LLC to form The iTransact Group LLC. In 2016, The iTransact Group LLC was purchased by Payroc in the summer of 2016.
While electronic check acceptance remains one of the company’s service offerings, iTransact today is primarily a provider of credit card payment services to merchants. Businesses can obtain payment gateway service and/or a merchant account from iTransact.
Merchant accounts[edit]
iTransact is a merchant service provider affiliated with Retriever Payment Systems/NPC, iPayment, Inc., PowerPay, Petroleum Card Service, International 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[edit]
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.
Resellers can opt to private-label the iTransact gateway product and provide it to merchants under their own brand.
References[edit]
- ↑ AllBusiness.com, October 1, 2001. Retrieved 11 March 2008.
- ↑ Win95 Magazine, November 1996.
External links[edit]
- Description of iTransact Merchant Accounts
- iTransact web site
- The iTransact Payment Gateway
- iTransact Wireless Credit Card Machines
- iTransact Management Team
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