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  • Our Testimonials

    We own a number of rental properties and were not aware of the power of plastic for rent payments. 1st National has helped us reduce our monthly bank NSF fees, speed our payment processing & pass the fees to our renters preferred method of payment. Thank you, 1st National Processing.

    David Ebrami
    Ebco Realty, Inc.
    We make signs all over town and switching to 1st National from another processor has allowed us to save money every month and improve our service by accepting debit cards, upgrade our terminals and run our online store via their ecommerce options. We recommend them to your for Processing and more.

    Chris Nalbadian, President
    Sign Zone Inc.

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BizEdge Advantage Blog

Friday, July 20th, 2012  |  no comments  |  B.J. Kharrazi

visa-mastercard credit card processing and merchant servicesAfter a 12 months of litigation, business owners may finally get the go-ahead to apply surcharges to customers paying with credit-card.

Whenever a customer pays with credit cards, the merchant pays for the privilege to swipe the card. But that soon could change.

According The Wall Street Journal, a number of merchant-filed lawsuits against the credit card companies Visa and MasterCard may result in a settlement that will allow merchants to impose a surcharge on customers paying with plastic.

Presently, both Visa and MasterCard have prohibited businesses from applying a customer surcharge. But this surcharge, the business owners argue, is important because it could cover the transaction fee they must pay to the credit card companies for every swipe.

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Tuesday, November 1st, 2011  |  no comments  |  B.J. Kharrazi

When you make a credit card purchase for $100, it costs the merchant about $1.00 in processing fees. It’s unclear why card issuers think they deserve a 2% cut.

Credit Card Processing and MerchaNT services Los AngelesMost of the attention in recent months has been focused on fees for processing debit cards.  However, in early July, the Federal Reserve limitedd the base charge that can be imposed to 21 cents per transaction, on average — well below the current average of 44 cents.

The processing fees in question are known as interchange fees, and they’re a major source of revenue for card companies like VISA and MasterCard.  Merchants and consumer groups alike have long challenged the fees for being too high and out of proportion with the actual cost of processing transactions.

Banks contend that they need such fees to maintain the integrity of their computer networks as well as to fund anti-fraud efforts.

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Wednesday, May 25th, 2011  |  5 comments  |  B.J. Kharrazi

Remember those old Visa commercials used to highlight places where they “don’t take American Express.” Well for legal medical marijuana dispensaries, it looks like a reversal: American Express won’t take them.

American Express says no to medical marijuanaAs of late April, paitents using their American Express cards topurchase medical marijuana received notice that their cards were declined. The rejection of the cards is due to American Express’ decision to no longer allow purchases of such medicinal products with their cards. American Express made this move despite the fact that the purchase of medical marijuana is legal in 15 states.

So far, American Express has given no reason for the new rule, leaving medical marijuana dispensaries and their customers guessing at possible causes. One theory is that the card issuer has received complaints from companies about their employees using their American Express cards to purchase medical marijuana.  American Express may also have received a high number of fraudulent or unauthorized charges from medical marijuana dispensaries due to people using forged or stolen cards to obtain pot.

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Monday, February 7th, 2011  |  4 comments  |  B.J. Kharrazi

According to the Federal Reserve the first increase in credit-card debt since the financial crisis hit helped to boost overall consumer borrowing 3 percent in December, to a seasonally adjusted annual rate of $2.41 trillion.

Americans are putting more money on their credit cards after more than two years of cutting back, a sign that they are gaining confidence in the economy.

Martin Crutsinger, WASHINGTON (AP)

credit card processing merchant services Borrowing in the category that includes credit cards rose 3.5 percent, the first rise since August 2008. Borrowing on auto loans increased 2.8 percent.
Mark Zandi, chief economist at Moody’s Analytics, viewed the gain as an encouraging sign that households are becoming more confidence about the economy and jobs. He also said banks are loosening some lending restrictions put in place after the financial crisis.

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Saturday, August 28th, 2010  |  no comments  |  B.J. Kharrazi

More people are paying down their credit card balances. AP reported that the amount consumers owed on credit cards in the second quarter “dropped to the lowest level in more than 8 years.” According to figures provided by TransUnion, the average combined debt for bank-issued credit cards dropped to just under $4,951 in the three months ended June 30 – that’s down more than 13 percent from $5,719 in the same period a year ago.

Ezra Becker, director of consulting and strategy in TransUnion’s financial services unit said more borrowers are making on-time payments, and the rate of cardholders past due by 90 days or more also fell .92 percent down from 1.17 percent last year.

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