Retail Merchant Accounts
A retail account is for any store, restaurant or business where the card is present and can be swiped at least 80% of the time. A signature is then obtained and kept on file.
Internet & ECommerce Merchant Accounts
An eCommerce account also known as Internet and online store, is similar to a MOTO business in the sense that neither the card nor customer is present. Orders are placed directly on the web site via the use of a 'shopping cart' and are processed in real-time or manually keyed into a credit card terminal or online processing software.
Mail Order & Telephone Order (Moto) Merchant Accounts
Moto stands for Mail Order Telephone Order. This account is for any type of business that accepts orders either over the telephone, or via mail. Neither the card nor customer is present, nor is the payment information keyed in manually.
Wireless Merchant Accounts
Accept credit cards virtually anywhere with a wireless account. Now there is no need to phone or key in payment information. Swipe the customer's card; get authorization and confirmation right on the spot. Pay the lower retail rate, and practically eliminate charge-backs.
Telephone Credit Card Processing Service (ARU)
Accept credit cards anywhere. Your cell or touch tone phone can be your credit card terminal. All you need is access to a phone, and you can accept credit card payments from anyone, anywhere, by dialing our toll-free number. The payment will be automatically deposited into your checking account in 24-48 hours.
Introducing the newest addition to 1st Federal Financials product line-up. The 1st Federal Financial Plug-In is designed to work with QuickBooks®- a product that you already know and use every day! This Plug-In doesn't change the current functionality of your QuickBooks product - it enhances it! Process a credit card payment directly from an invoice and the payment is automatically applied to the invoice.
Eliminate time-consuming data entry. If you have a Point of Sale terminal (Landline, Wireless, IP or Wi-Fi) you can import the transactions from this terminal directly into your QuickBooks file. Our Plug-In also automatically creates payments from each transaction processed.
Process recurring payments quickly & easily. If you have multiple invoices to process you can filter by account, customer or date range. Once you set the filter, invoices are processed with a click of your mouse - in seconds! A status screen displays the results of each transaction.
The 1st Federal Plug-In Offers these Features:
- Process Payments Directly from Invoices
- Automatically Creates Payments
- Process Recurring Payments
- Import Transactions processed via POS Terminals
- Process Returns and Voids
Contact 1st Federal Financial to learn more about ALL of the great features this Plug-In offers
- Real-Time Processing
The real-time processing feature allows you to link up your ecommerce shopping cart with the gateway service and have it automatically process the credit card payments for you.
- Virtual Terminal (Online Interface)
You can also process the credit card transactions manually 24 hours a day by logging in online and submitting a secure form through the merchant interface. If you can surf the Internet while talking on the phone, you can process their card and receive an approval code before hanging up.
- Automated Recurring Billing
Do you need to charge your customers on a monthly basis? Try the automated recurring billing feature. You set the time intervals for each subscription. You can even upload multiple subscriptions using a batch file like Microsoft Excel.
Electronic Gift and Loyalty Cards is rapidly becoming a primary success ingredient for Merchants of all sizes. The retail and restaurant industries are ripe with a new crop of sales opportunities for those who are willing to embrace the change in the marketplace. In that effort, you can count on 1st Federal Financial to provide you with the best products, pricing, and sales support possible as you work to become a business who succeeds in this changing marketplace.
Why Choose Gift and Loyalty Cards
- Gift Cards are often the most profitable square foot of selling space in the store
- Merchants report sales increases of 25% to 500% over paper gift certificates
- Customers spend more with gift cards: 61% spend more than the value on the card
- Cards improve brand awareness and function as small "billboards" in customers' wallets
- Cards consistently boost the effectiveness of marketing campaigns to attract new customers
- A variety of loyalty and reward programs give customers a reason to keep coming back
- Cards may be used to issue store credit for all merchandise returns which keeps cash in store
- Detailed reporting reduces fraud and eliminates burdensome manual accounting tasks
ACH Processing is an electronic payment system that allows your business to save both time and money. The ACH processing network will allow you to electronically debit and credit checking and savings accounts. We provide you simple to use, powerful, secure ACH tools that make getting paid easier for your business.
Would your business run more smoothly if you:
- Were paid more quickly and reliably using secure ACH electronic payments?
- Could easily place customers on an ACH based automated payment plan?
- Were able to process ACH check and credit card payments from one platform?
- Could accept an ACH e-check or check by phone or fax?
- Were able to collect cod funds in advance on product sales?
- Were able to automatically update your accounting package?
- Were able to collect NSF checks in an automated fashion?
- Were able to make out bound payments to vendors?
- Could reduce payment processing costs by 80% or more?
- Were confident your transactions were securely processed by a business partner with years of experience and many satisfied customers?
If you answered yes to these questions then ACH Processing is for you.
Benefits of ACH payments:
- Save Money. You can save up to 80% off conventional invoicing.
- Save Time. Automate your payment processing and reporting.
- Offer multiple payment options. Customers look for options - give them what they want.
- Move money electronically as you see fit. Whether it is ACH payment processing or direct electronic payments - you decide.
What is ACH?
The Automated Clearing House (ACH) Network:
The ACH Network is a highly reliable and efficient nationwide batch-oriented electronic funds transfer system governed by the NACHA OPERATING RULES which provide for the interbank clearing of electronic payments for participating depository financial institutions. The Federal Reserve and Electronic Payments Network act as ACH Operators, central clearing facilities through which financial institutions transmit or receive ACH entries.
ACH payments include:
- Direct Deposit of payroll, Social Security and other government benefits, and tax refunds;
- Direct Payment of consumer bills such as mortgages, loans, utility bills and insurance premiums;
- Business-to-business payments
- E-commerce payments
- Federal, state and local tax payments
Converting checks to electronic debits or truncation as it is sometimes called is the process of converting checks at the point of sale to debits. This saves money and precious time. No more trips to the bank and no check return fees.
Many stores are utilizing this time and money saving service. The process is simple. Enter the check information on your terminal and a receipt is printed for your customer to sign. The customer's account information on the check is transmitted through the bank's ach service. The funds are transmitted to your account automatically. If you already have a credit card terminal all you need to add is a check reader or imager.
Insure all the checks you receive are good. By using our system you can avoid taking bogus checks. We monitor check writer activity and protect you against potential fraud.
This service which is used by most retailers large and small is a vital part of the POS solution. What it does primarily is guard against check fraud. Although most of your checks will probably be valid it is inevitable there will be some that aren't. By using a check guarantee system you can avoid taking most of the bad checks. The occasional one that does get through will be covered. All you need is a normal credit card terminal.
This service does an analysis on the customer and examines prior check writing history.
Used by many retailers, this service checks a person's past history of writing checks. An analysis is performed on the individual to determine if you should accept their check. We look at age of the account, frequency, size of recent checks, locations checks were written at, and several other factors. Our system is connected to the National Check Network which is a cooperative data base of most service providers. This is used to see if your customer has any outstanding unpaid checks. All this is done at a very reasonable cost.
Accounts Receivable Conversion. Used by stores to do in house financing. This is a great tool for merchants to up sell their customers. 1st Federal Financial has made it simple for the merchant to use and in most cases creates a new revenue stream for the store by imposing a flex pay fee.
Many stores are utilizing this sales increasing service. Not only does it generate more sales but the individual sales are often for higher amounts. It's a double win for the merchant. Our merchant web site access makes it easy for the store owner to control and track activity
Accept checks from your web site. A new exciting concept is now available. Internet access is all you need to utilize this service. If you sell over the net you have already run into the problem of a customer not having a credit card. What can you do? Wait for the check to come in the mail? Most consumers want to finalize the purchase quickly.
By accepting checks you can accommodate customers who don't have a credit card. It's very simple to use. No equipment required, you don't even need a web site, just simple internet access. You will be given a web address which when entered will bring up a check form. Fill in the information from the customer's check and submit it. It can be added to your web site. You can have pre-defined payment amounts. You can even set it up to do automatic billing on a monthly basis.
1st Federal Advance Funding Inc.
How does your business get needed working capital if you're not a multi-million dollar company?
Go to your bank? Go to your relatives? Load up your credit cards? 1st Federal Advance Funding offers small businesses an alternative to banks, loans, family members, and credit card debt. Based on your projected check and credit card sales, 1st Federal Advance Funding can provide working capital, quickly and easily. We'll help get your business the cash it needs.
You don't need collateral. You don't need to leave your business to meet with someone. You don't need to be hassled with paperwork. We know you don't have the luxury of waiting for the money you need. Whether it's for expansion, remodeling, advertising, equipment, inventory, or an emergency - 1st Federal Advance Funding can provide the funds your business requires. We believe in you, because we know small businesses are the America's backbone.
We created 1st Federal Advance Funding for businesses such as yours. It's not a loan - it's a purchase program. 1st Federal Advance Funding buys a portion of your business' future check, Visa, and MasterCard sales and advances you the purchase price by wire transfer into your business' checking account. 1st Federal Advance Funding, then collects a portion daily of those purchased sales over an extended period of time so that your cash flow is not hurt.
1st Federal Financial is a leading commercial lessor of point of sale hardware and software products. Our personal service, coupled with countless years of industry experience provides our customers with the speed, simplicity and convenience required to make timely and cost-effective equipment financing decisions.
Our mission is simple; we enable small and medium size businesses to grow by providing the highest-quality leasing program for point-of-sale processing equipment.
As a leading supplier of credit card terminals and payment processing software, 1st Federal Financial is able to provide wholesale prices on all of our POS equipment and software packages.
Credit Card Terminals
- Nurit 2085
- Nurit 8320
- Nurit 8000S Wireless
- Verifone Omni 3750
- ExaDigm XD1000
- ExaDigm XD2000 Wireless
- Comstar Wireless Hand Held
- Verifone 1000SE
- Nurit PinPad 292
- Hypercom S9 PinPad
- Magtek Mini-MICR
- Magtek MICRImage
- RDM Imager EC6014
- Addressograph Manual Imprinter 4850
- PC Charge Express
- PC Charge Pro