"A no-hassle payment solution for online businesses. This unique, secure approach to online commerce enables merchants to authorize and guarantee credit card and check transactions in real-time. No software or hardware is required by the merchant, and the merchant's site may be hosted on any server. If you need a shopping cart, they'll give you one at no cost!"    -- Win98 Magazine

Contents
 1.  Company Overview
 2.  Contact Information
 3.  Total Payment Solutions
 4.  RediCharge: Real-Time Credit Card Authorization
 5.  RediCheck: Real-Time Check Acceptance via Electronic Funds Transfer
 6.  RediCart: Full-Featured Shopping Cart
 7.  iTransact Security
 8.  Frequently Asked Questions: Online Transactions
 9.  Frequently Asked Questions: General
10.  iTransact Prices
11.  Trademarks

Company Overview
iTransact, Inc., a leading developer of total Internet payment solutions, is a privately held company based near Salt Lake City, Utah. iTransact's RediCheck service was initiated in 1994 and was the first "e-check" system to be introduced on the Internet. iTransact is the first company to offer all the following: (1) real-time credit card verification, authorization, and processing, (2) check acceptance via EFT, and (3) a free, integrated shopping cart system.

iTransact processes millions of dollars in transactions monthly and has demonstrated repeatedly that its systems are stable and secure. iTransact's proprietary technology base and its ability to continually introduce innovative payment solutions keeps the company on the cutting edge of transaction services.    

Contact Information

Mail:iTransact, Inc.
PO Box 999
314 South 200 West
Farmington UT 84025-0999
 
Phone:(801) 298-1212
Fax:(801) 298-9789
 
Home Page:http://www.itransact.com
Sales & Support:   http://support.paymentclearing.com
 

Total Payment Solutions

CARDS, CHECKS, CART, EASY!
iTransact's premium transaction services enable a merchant to securely accept credit cards and checks online in real-time. Simple instructions regarding the use of these services are provided. No installation is required.

What does this mean for you? Simplicity. There is no software to install and no hardware necessary. Your online business can begin accepting payments via the Internet immediately, hands-off, 24 hours a day. Every time a customer places an order with you, both you and the customer receive immediate order verification.

For orders received by phone, fax, email, or in person, iTransact provides a Virtual Terminal, which enable you to manually submit transactions for immediate authorization and processing. If you do not have an Internet connection, order information may be submitted to iTransact by fax.

EXPAND MARKET POTENTIAL
Needless to say, the Internet marketplace continues to grow explosively. Businesses can't afford not to allow their customers to purchase their products on the Internet. And the more payment options you make available, the more likely it is that a customer will purchase from you. iTransact's services allow you to accept credit cards from the millions of customers who use them, and check payments from the even greater number of customers who don't. By enabling you to offer multiple payment options on the Internet, iTransact can greatly increase your customer base.

REDUCE WASTED TIME AND MONEY
One study has found that approximately 80 percent of customers who say they will send a payment by mail never do. Instead of waiting for the "check in the mail" to match payments to orders, iTransact enables you to obtain payment immediately. Billing expenses such as postage, invoicing, and bookkeeping are eliminated.

You can also avoid C.O.D. and airbill orders by completing each sale over the phone. This dramatically increases cash flow and decreases missed or refused deliveries.

ONLINE SECURITY FEATURES
iTransact allows your customers to order online without the need to transmit account information unencrypted. Our services are designed for the Internet using a proprietary system, a Netscape Commerce Server�, PGP� encryption, and Secure Socket Layer (SSL) technology. (These technologies are described in the "iTransact Security" section of this brochure.) You do not need to invest in additional security features.    


RediCharge: Real-Time Credit Card Acceptance

REAL-TIME CREDIT CARD AUTHORIZATION
RediCharge is the most advanced, secure, and reliable method for authorizing credit card transactions online in real-time. This service enables you to accept all of the major credit cards (and most debit cards) without the need to purchase or lease costly hardware or install any software.

EASE OF USE
iTransact's advanced technologies enable you to easily accept credit cards and checks with or without a web site, using a new or existing merchant account (required for credit cards only). With a web site, you can use any number of shopping carts (including iTransact's free RediCart), a simple order form (created with iTransact's free Form Wizard), or iTransact's point-and-click BuyNow format. Your web site can be hosted on any server without compromising the security of your customers' data.

Through iTransact's Transaction Control Panel, you will have access to many useful interfaces, such as a transaction listing, online credits to customer accounts, real-time voiding of transactions, and point-and-click recurring billing.

FEATURES AND BENEFITS
Since the iTransact gateway is compatible with nearly all credit card processors, no special arrangements need to be made with your financial institution. Since your customers are not required to download software (e.g., wallets) or subscribe to an online payment service, their transactions can be processed immediately. Credit card authorizations are returned to you and your customer in as few as ten seconds.    


RediCheck: Real-Time Check Acceptance via Electronic Funds Transfer

IMMEDIATE PAYMENT
RediCheck enables you to accept online payment from your customer's checking account. Your customer's payment is transferred directly into your bank account. Billing expenses such as postage, invoicing, and bookkeeping are eliminated.

CREDIT CARD CONVENIENCE
RediCheck offers the convenience of credit cards to check-paying customers. Similar to credit card payments, a simple string of numbers is obtained from the customer. RediCheck can be used to accept payment for any service, product, or donation.

ORDER VERIFICATION AND DETAILED DAILY REPORTING
When EFT order information is received by iTransact, it is immediately verified. Funds are then transferred into your bank account. Detailed reports are generated showing all necessary customer information. These reports are emailed or faxed to you on a daily basis.

REDUCE PAPER WASTE
RediCheck eliminates paper waste by enabling payment without card imprints, check drafts, or paper invoices, receipts, or mail.    


RediCart: Full-Featured Shopping Cart Service

CONVENIENT WEB-BASED SHOPPING SYSTEM
RediCart is a simple yet powerful shopping cart system designed to enable you to accept credit cards and check payments online in real-time. RediCart is designed to work with iTransact's services and is available free of charge.

FEATURES

  • Payment entry on secure SSL server.
  • Only three small PERL scripts necessary.
  • Header and Footer HTML pages for quick set-up.
  • Cookie-free tracking of customers.
  • Advanced shipping charge options (quantity, weight, price).
  • Advanced tax options (flat rate, by state).
  • Fully documented step-by-step instructions.    


    iTransact Security

    ENCRYPTION
    iTransact combines a secure commerce server (described below), encryption, and proprietary technologies. This enables you to accept payments securely without the need to store account information.

    WHAT IS A SECURE SERVER?
    A secure commerce server takes advantage of Secure Socket Layers (SSL), a protocol developed by Netscape Communications Corporation for transmitting private documents via the Internet. SSL uses private and public key cryptography to encrypt data before it is transferred over the Internet from the user's browser to a server. Browsers such as Netscape's Navigator� and Microsoft Corporation's Internet Explorer� support the SSL protocol. Many websites use SSL to obtain confidential user information such as credit card numbers.

    A major misconception regarding Internet commerce security is that information submitted to a server via the SSL protocol is always safe. That is not true. The SSL protocol protects information only while it is being transmitted from the browser to the server. As soon as the information reaches the server, SSL has no effect on the security of the information. If no encryption takes place when the information reaches the server, the security of the information is compromised.

    UNSURPASSED SECURITY
    Most merchants accepting online payments do not have access to a secure server. Even fewer utilize encryption techniques. By using iTransact, a merchant has immediate access to a secure server and advanced encryption technologies.

    When making a purchase, your customer completes your online form and submits the order. The information is encrypted and delivered to iTransact's secure commerce server via SSL.

    If the order is placed using RediCharge, the credit card account information is re-encrypted and pushed to an offline server for real-time processing. iTransact authorizes the card and processes the order in seconds. If the account information is valid, the customer is allowed to proceed. Funds are deposited directly into your bank account.

    If the order is placed using RediCheck, the bank account information is immediately re-encrypted and pushed to an offline server for processing. iTransact immediately validates the information. If it is valid, the customer is allowed to proceed. Funds are then transferred from your customer's bank account into your own.

    After account information has been authorized and processed, iTransact generates an email message to the customer listing the items ordered and the order total. A similar message is generated and sent to you, containing the customer's name, address, email address, line items, and order total.    


    Frequently Asked Questions: Online Transactions

    Q: How can I accept credit cards online?
    A: Register with iTransact. To use our RediCharge service, you will also need a credit card merchant account. (If you already have one, you don't need a new one.) Once your merchant account is established, setup can be completed quickly. Your web site can be hosted on any server without compromising the security of your customers' data.

    Q: What are the advantages of real-time authorizations?
    A: Instead of obtaining a customer's credit card information online and then processing it offline, transactions are authorized immediately.

    Q: Must my order forms reside on iTransact's server?
    A: No. All of your pages and order forms can reside on any server, giving you complete control. Your order forms are posted to a CGI (Common Gateway Interface) script on iTransact's secure server via SSL. After each transaction is complete, iTransact redirects your customer to the web page or CGI script of your choosing.

    Q: Does a customer need to belong to an online bank to use this system?
    A: No. Your customers don't need to meet any special requirements.

    Q: What are the dangers of abuse?
    A: iTransact's security standards are unsurpassed. Since account information is not transmitted unencrypted or stored on the Internet, there is no threat of information theft.

    Q: Can I post a credit to a customer's credit card?
    A: Yes. iTransact has designed RediCharge to be a fully functional point-of-sale (POS) service. An online interface is provided, enabling you to post credits to a customers' accounts. This function is performed on iTransact's secure server in a password-protected environment.    

    Frequently Asked Questions: General

    Q: What information do customers provide for order processing?
    A: For checks: Customers provide name, address, phone number, and bank account routing number. They can include an email address if applicable.
    For cards: Customers provide name, address, phone number, credit card number, and credit card expiration date.

    Q: How does a customer keep track of the transaction?
    A: An email notification is sent to customers with complete order details. The transaction appears on their monthly statement.

    Q: Can iTransact help me obtain a credit card merchant account?
    A: Yes. Please contact us at 801-298-1212 or see the online information at:
    http://www.itransact.com/info/merchacct.html.

    Q: Do I need a credit card terminal?
    A: No. Once you register with iTransact, there is no need to lease or buy credit card processing hardware or install any software.

    Q: How do I get paid?
    A: RediCharge: Funds are deposited directly into your bank account, according to your agreement with your credit card processor.
    RediCheck: Funds are transferred from your customer's bank account into your own.    


    iTransact Prices
    Please refer to the iTransact web site for pricing information:
    http://www.itransact.com/merchant/prices.html


    Trademarks


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