Small-Business Optimism Index Surges by Most Since 1980

Optimism among America’s small businesses soared in December by the most since 1980 as expectations about the economy’s prospects improved dramatically in the aftermath of the presidential election.

The National Federation of Independent Business’s index jumped 7.4 points last month to 105.8, the highest since the end of 2004, from 98.4. While seven of the 10 components increased in December, 73 percent of the monthly advance was due to more upbeat views about the outlook for sales and the economy, the Washington-based group said.

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Spokane Merchant Services

Electronic Transfer, Inc. has been providing Merchant Services in Spokane Washington since 1989.

Mobile Merchant Services
Is your business always on-the-go? Wherever you use your mobile device, tablet or wireless machine, the ideal solution for successful credit card processing in Spokane. We provide audio jack swipers or Bluetooth swiper, the ability to email receipts or print them on one of our Bluetooth printers, and Cloud Based POS systems with access from any mobile device or computer.

We offer Spokane Merchants a complete suite of mobile products and services for the on-the-go merchant, enabling them to succeed in today’s competitive market. A simple download from the app store and you can securely process any form of electronic payment from virtually anywhere on your smart phone or tablet.

Spokane Auto Repair Payment Services
Electronic Transfer has a large array of products to help your Spokane Auto Repair business run smoothly. We’ll create a custom program that allows you to accept credit cards at the best rates, accept checks at no risk, and even offer financing for your customers. In addition, we’ll continue to educate you on the latest innovations in fraud protection to maintain optimal security.

Internet Credit Card Processing
The Payment Gateway is the secure connection between your Website and the payment processing networks. We offer two simple solutions for Spokane merchant accounts who desire to attract online customers but, don’t have the time or technical resources to build their own eCommerce solution.

An easy-to-use, PCI compliant Web Order Form Generator that’s used to create HTML code for web pages. It is a simple, template-driven design engine that cab be customized as follows:

Online Bill Payment.
Donation Solicitations.
Membership Renewals.
Fund Raising Events.
Recurring, Installment Billings.
Single page eCommerce shopping cart.

Merchant Service Spokane Bill Pay

Allows a business to generate and distribute invoices via email, greatly reducing the cost associated with preparing and mailing paper invoices, as well as, the cost of processing paper check payments. The invoices are easy to read, and contain the company’s logo. The customer can then conveniently and securely pay the invoice using a secure payment page, without even having to lick a postage stamp!

Utility Credit Card Processing
Here at Spokane Services we understand that Visa and MasterCard offers discounted rates to Merchants providing electricity, natural gas, water or sanitation. Our goal is to ensure that you are receiving these discounts and benefiting from the savings each month. Our highly educated staff will even complete and file the proper documentation with Visa and MasterCard for you, so you can focus on your business and we can focus on providing you with the best service and pricing available.

Gas Station / C-Stores and Petroleum Merchant Services
Our state of the art merchant services technology in Spokane, WA and phenomenal service makes us the popular Merchant Account Company for gas stations and convenient stores. Whether you need pay at the pump, in-store processing, fleet cards, or all of the above — we have the solutions you want.

Accept EBT Cards / SNAP Benefits at Your Store in Spokane
Apply online to accept SNAP benefits at your Spokane store or Market. It’s fast and secure. You can complete the online application in as little as 15 minutes. By applying online to accept EBT Cards in Spokane, you can also check the real-time status of your application online using your USDA account. Applying to accept SNAP benefits at your store or Market is a three step process: get a USDA account, fill out an application online, and mail us your supporting documentation to complete your file.

Quick Service Restaurants in Spokane
The most essential needs for QSR establishments such as coffee shops, fast food restaurants, or bakeries is ensuring your processing system runs efficiently and FAST! Here at Spokane Merchant Services , we have the QSR applications to put your mind at ease, with options that eliminate the need for signatures, along with the ability to offer receipts by customer request. We can even provide processing through an iPhone or iPod Touch, enabling customer check out from anywhere in the restaurant or establishment to help streamline your service efforts.



firearms payment processing

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A To Z Of Credit Card Processing

Credit cards have become a luxury as well as a need for customers who prefer to shop with light pocket and no heavy cash in it. While the whole credit card processing may sound a benefit for customer but in reality this method of payment is also a requirement for trader who wish to trade large and wish t grow their credibility as well as status.

Credit card processing in simple words is payment of goods or services via swiping of card through the credit card machine. The whole process takes no time and allows a customer buy or purchase anytime from anywhere, while also adding to the sales of the trader or business owner dealing with a credit card holder.

Credit card processing has terms, benefits and a backhand process that makes it as simple as it sounds. Some of the most common term that comes in the credit card processing technique is credit card holder, credit card issuer, merchant account and mobile credit card equipment. A credit card holder is the one who gets the privileges of using credit card for shopping from the bank or Credit Card Company. Credit card issuer is the bank or the credit card company that authorizes the whole electronic transaction and benefits to customer and trader, while a merchant account is the account or the deal between a trader and credit card company to permit the trader with credit card processing service.

When it comes to credit card processing benefits a bank or a credit card company comes with one big condition for both the merchant account holder as well as the credit card holder. This basic condition is the eligibility, whether the trader has a legitimate trade or whether the trader has any history of fraud. Similarly, in the case of a credit card holder, the bank would see the requirement of a credit card account such as the balance.

Credit card processing being an easy and comfortable service has become a trend among the buyers and sellers. While customer enjoys the liberty to shop even when he or she has no cash in its pocket, the trader or business owner enjoys the credibility tag and the growth in business. Fact that a store allows credit card processing makes it not just a big store but also the most vulnerable one among its neighbor stores that may not be having the service of credit card processing. A trader does not just benefits from the increased sale but also gets the benefits of merchant account.

For those who trade or shop on internet credit card processing is like gift to them, as it allows easy payment or money transaction without any hassle of going to the website owner’s land based address. Also, a website company can always sell its service to the customer by quick and fast payment mode via easy punching of credit card numbers.

What makes the whole credit card processing fast and simple is the fact that within a fraction of second’s whole transaction takes place. The moment a customer swipes it’s card and punches the credit card number, bank scans the customer’s account and lets the trader know whether the transaction is possible or not. If possible, the customer is authorized to get his payment done and the trader gets his payment in his merchant account.

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Non Cash Transactions Surge 15% Year-Over-Year

U.S. Commerce Department:

Fourth-quarter Non Cash Transaction e-commerce sales in the U.S. rose nearly 15 percent from the same period a year earlier to $79.6 billion, according to estimates released Tuesday by the Census Bureau of the Department of Commerce. That’s compared to year-over-year growth in total retail sales of 3.7 percent. On a seasonally adjusted basis, e-commerce sales in Q4 2014 grew 2.3 percent from the previous quarter. Retail e-commerce sales in the fourth quarter of 2014 accounted for 6.7 percent of total retail sales during the three-month period that includes the holidays.

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Strength In Credit Card Processing

JP Morgan Chase Signals Strength In Credit Card Processing

In the company’s Q2 earnings announcement JP Morgan Chase (NYSE:JPM) included data about its card services division that could be good news for other companies in the payment processing industry. The company announced credit card sales volume (the amount of purchases made on a Chase branded card) of $118 billion up 12% from the same quarter the previous year. The 12% figure is the highest reported year over year growth rate reported by the company in at least the last 8 quarters.

Card Sales Volume ($bn) % Growth (yoy)
Q2 2014 118.0 12%
Q1 2014 104.5 10%
Q4 2013 112.6 11%
Q3 2013 107.0 11%
Q2 2013 105.2 10%
Q1 2013 94.7 9%
Q4 2012 101.6 9%
Q3 2012 96.6 11%

Even a slight acceleration in card usage could be a signal in the health of consumer spending patterns, and could be good news for companies generating commissions on transaction related volume. Visa (NYSE:V) and MasterCard (NYSE:MA) are the obvious beneficiaries of this continued growth as two of the purest payment processing plays.

Weakness In Interest Related Income

Despite positive volume numbers, loan balances and the resulting interewt revenue has not kept pace. Average card loans for the quarter was only grew 1% year over year, indictating that while Customers might be using their cards more they’re keeping less relative debt on these accounts. This is a continuation of a multi-year trend of lower interest related revenues in the credit card business as cardholders are keeping smaller interest paying balances.

These numbers are ar result of Chase and along with many other issuers making shifts in their consumer offerings towards a greater mix of rewards credit cards. The cards are marketed to consumers that have higher spending, better credit and are the least likely to keep interest paying balances. In many cases the credit cards act as lead generators for the company’s other financial services including bank accounts and mortgages. While the interest related revenues account for approximately 75% of the Card services revenue at JPM, we’re likely to see a long term shift in this break out.

Focus On Processing

The credit card and payment processing industry continues to grow rapidly from both a dollars and volume perspective. The diverging metrics in volume based metrics vs credit related loan balances however, draws a clear distinction between companies best poised to take financial advantage of these trends. Companies focused on processing related revenues are in a superior class when compared to the banks and issuers financing consumer credit.

For investors looking at this space, companies like Visa and MasterCard are clearly in a better position and should see positive results in the second quarter and over the long term.

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