Merchant Services, Gift Card and Loyalty
Every retailer and many distributors and manufacturers now take Credit Cards for customer payments because of the convenience for their customers and/or for points and miles earned by corporations using Credit cards.
While there are true costs associated with credit card processing, processors and Independent Sales Organizations (ISOs) are not required to disclose these costs to businesses. The electronic processing/merchant service industry is by in large unregulated when it comes to billing and sales practices. Because of this, there are hundreds if not thousands of ways in which businesses are billed for processing and the sales practices utilized to sell those billing schemes are often misleading and sometimes, unethical.
In addition, it is standard practice for processing organizations to continually increase their clients pricing on their electronic processing services with little to no warning, often sneaking the additional fees and price increases in under the radar. Due to these standard business practices by the processing organizations over the last 30 years the paradigm is one in which businesses feel helpless and angst towards the processing companies and card associations.
Renaissance Business Systems only works with credit card merchant providers that it deems to operate ethically and transparently. We have established relationships and will assist you with evaluation and transition to a new merchant provider (without changing your depository institution) and verify compatibility with your retail system.
News Release: 7/1/2010
Renaissance Business Systems and Fluxcom (an electronic processing services company) have come to an agreement that makes Fluxcom the “vendor of choice” for Renaissance Business Systems customers. Their services include the processing of all major credit card brands, ACH / EFT processing, payment gateway solutions, virtual terminal solutions, EBT processing, debit services and PCI-DSS Bankcard Security Consulting.Fluxcom is a local company, founded by Troy Carman, which has recently expanded and is now operating throughout the country. Fluxcom is the first and only electronic processing brokerage in the country. Due to Fluxcom’s lack of sales department overhead and their ability to make every major processing organization in the industry compete for their clients business at a wholesale level; – Fluxcom is able to offer an unparallel level of service, solutions and pricing never seen before by the business community. To learn more about what Fluxcom can do for your organization please call Bill Scheible at 800-607-0488 x 201
50 Pearl Road, Suite 201, Brunswick , Ohio 44212
Telephone: 800-607-0488/FAX: 216-220-5866
Copyright © 1998 Renaissance Business Systems. Last modified: April 14, 2013