Based in New York, TransFirst is one of the nation’s largest providers of secure payment processing with more than 1,300 distribution partners, processing over $48 billion for 200,000 merchants in 2013.
TransFirst recently entered the co-op/purchasing group sector and is currently engaged in learning what services best resonate with the industry.
“By leveraging existing technology and focusing on providing high-quality and trusted solutions, TransFirst is able to provide its partners and their merchants outstanding payment processing expertise and service,” said James Scott, director of Business Development for TransFirst.
“Because co-ops leverage the buying power of the group, they allow for a much greater cost savings on service, while at the same time ensuring that a partner like TransFirst is providing the highest level of service, support and technical expertise,” he said.
One of TransFirst’s new co-op partners is experiencing initial success with its PayFox mobile credit card processing service, along with traditional payment services by upgrading to the new EMV (Europay, MasterCard, Visa) standard for chip and pin security.
What makes this service most appealing is that, with a mobile merchant account and PayFox mobile processing, merchants can accept credit and debit card payments outside of traditional venues, while expecting the same secure data transmission and fraud alerts that TransFirst offers as part of its more traditional processing services.
Originally from a small farming community outside Dayton, Ohio, Scott grew up observing the value of cooperation.
“I see co-ops as an excellent resource for consumer/member buying power, as well as an excellent opportunity for a service provider like TransFirst to provide an endorsed, vetted program to members of co-ops and purchasing groups,” he said.
NCBA CLUSA’s newest Gold-Level associate member, TransFirst will join other exhibitors in Minneapolis, Minnesota at the Purchasing Cooperatives Conference, September 8 – 10.