Banc Transactions, Inc. is a direct Visa® and MasterCard® credit card processor. We serve the payment needs for merchants and merchant associations. Banc Transactions serves the following industries:
- Retail
- Restaurant
- C-store/ petroleum
- Grocery stores
- Hotels
- E-Commerce
- B2B
We are a single source payment processor.
Increasing Revenues
Beyond the benefits of direct Visa MasterCard pricing, when Banc Transactions is your payment processor, we incorporate financial and marketing tools with our payment processing services to dramatically increase your sales. Such services include Bank Transaction’s various retail financing programs, gift and stored value card programs, and corporate and fleet card processing services.
Customer Service
Banc Transactions makes your payment processing easy. Our customer service is second to none. There is 24 hour, 7 day a week customer support. Our statements are easy to read, clear and transparent. There is also real-time internet reporting available. In addition, there is always an assigned agent to your merchant account who will assist you with any need from start to finish.
High Speed Commerce
Fast transactions times and fast deposit times can make a difference in your business’s performance. Making sure your cash flow is uninterrupted is our commitment to you. Banc Transactions utilizes redundant, host capture networks for front end and back end credit card processing. This allows Banc Transactions to fund your merchant account within 24 hours. Additionally, Banc Transactions offers high speed internet communication and satellite communications for those businesses wishing to increase transaction times.
Protecting Against Fraud
Payment processing is not without risk. Card holders and check writers may charge back transactions or pass fraudulent checks. For telephone order, mail order, and e-commerce clients, Banc Transactions protects your business with address verification software programs, and smart internet gateways. Merchants accepting checks will have access to all the national banking databases and networks to protect against fraudulent check writers.
- Walgreens Settles Allegations of Submitting Inflated Prices to Medicaid ProgramsWalgreens has agreed to pay $2.8 million to settle allegations that it submitted inflated prices to the Massachusetts and Georgia Medicaid programs for generic medications. The settlement agreement resolves a whistleblower, or qui tam, lawsuit alleging that the national pharmacy chain violated the federal, Massachusetts and Georgia False Claims Acts by submitting those prices, the […]
- PayPal-Backed Mendel Raises $35 Million to Expand Spend and Travel Management PlatformMendel raised $35 million in a Series B funding round to expand the artificial intelligence (AI)-powered capabilities of its enterprise spend and travel management platform and to extend the platform into additional Latin American countries. “This round allows us to scale our AI capabilities and continue transforming how companies manage payments, expenses and travel — […]
- AI Regulations in States Shift to Pro-Innovation, Not Risk MitigationSigns are emerging that states are taking a more pro-innovation focus in their artificial intelligence (AI) regulations and away from the stricter EU-style legislation that doubles down on reining in risks, according to think tank R Street Institute. Year to date, state legislators have introduced more than 900 bills related to AI, which is a […]
- Digital Doppelgangers: H&M Explores AI Digital Twins for Fashion RetailSwedish retail giant H&M is creating 30 digital twins of human models this year as it explores new ways to showcase its clothes, shoes and accessories. The news, first reported by Business of Fashion, would potentially be used in marketing campaigns and social media posts. H&M confirmed the digital twins experiment to PYMNTS, but said […]
- Bank Lending to Nonbanks Has Doubled in Five YearsBanks have reportedly more than doubled their lending to nonbank financial institutions (NBFIs) over the past five years and are now lending those companies $1 trillion a year. This lending enables banks to profit from the growing share of lending that is being done by NBFIs, but it has also raised concerns among banking regulators, […]
- Recent New York Case Highlights the Value of UCC Remedies in Revenue-Based Finance TransactionsRobert F. Gage is a Partner at Hudson Cook LLP. You can email him at [email protected]. I read a lot of court decisions relating to revenue-based financing (also commonly referred to as “sales-based financeâ€� or “merchant cash advanceâ€�) because it’s a big part of my job. Much of what I read is not particularly noteworthy, […]
- Small Business Truth in Lending Bill Under Consideration in MarylandThe “Small Business Truth in Lending” Bill introduced in Maryland on January 24, 2025, is continuing to advance through the state’s legislature. Among the finer details in the bill is an APR disclosure requirement on commercial finance transactions. The bill has attracted testimony from various organizations including the Responsible Business Lending Coalition, Revenue Based Finance […]
- The Art of Funding The DealIf you had fun at Broker Fair 2024… … then you’ll love Broker Fair 2025.
- PayPal Exceeds $30B in Business Loans and Merchant Cash AdvancesPayPal has officially crossed $30B in merchant cash advance and business loan originations, the company announced. “Access to capital is consistently one of the top challenges small businesses face as they look to maintain and scale their businesses,” shared Michelle Gill, EVP and GM of SMB and Financial Services at PayPal in an official release. […]
- TBF Announces Development of Commercial Debt Pricing AlgorithmProvides lenders and lessors competitive prices for distressed accounts HIGHWOOD, IL, March 25, 2025 – TBF has announced the development of a proprietary algorithm – its Data Driven, True Market Pricing – to calculate the value of commercial debt. The company is using the algorithm to offer lenders and lessors competitive prices for non-performing equipment […]