Netbanx
Encyclopedia
Netbanx allows merchants and retailers to accept and process Web or call centre captured global payments via credit cards, debit cards, pre-paid cards, and a range of other payment types. The company has locations in the United Kingdom
and Canada
and has been offering payment services since 1996. Netbanx is a service of global payments company Optimal Payments Plc
and Environment Agency
, Shop Direct Group, npower
.
and payment service provider
types of financial services
solutions. The company offers card not present (CNP), online, and call centre/interactive voice response
(IVR) payment processing, including payment gateway, merchant accounts and fraud management tools. The company’s processing service is 3-D Secure and PCI compliant.
The company supports payment through and partners with all the major payment brands and networks, including (in no particular order) Visa, Mastercard
, Maestro
, Visa Electron
, Diners Club
, American Express, Visa Debit
, JCB
, Lloyds TSB Cardnet
, Barclaycard
, RBS Streamline, HSBC, HBOS
, Direct Debit
, Giropay
, ELV, iDEAL
, Poli, DirectPay24, Ukash
, Carte Bleue
, Carta Si, PayPal
and the Neteller e-wallet
. These relationships allow the company to process payments from most major countries.
Netbanx primarily generates revenue by charging fees to merchants for each transaction that is processed through the company’s system.
Netbanx supports companies that already have their own card acquiring relationships. The company also offers merchant account/card acquiring
& bureau services to expedite the process of a new company getting an acquiring relationship/merchant-ID so they can accept payments online.
. These include PCI DSS
, 3-D Secure
, BIN and IP blocking, and address verification
.
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
and Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
and has been offering payment services since 1996. Netbanx is a service of global payments company Optimal Payments Plc
Customers
The company indicates it processes online and telephone financial transactions for a range of industries, including government bodies, universities, insurance companies, small and large businesses. Netbanx's customers include: the UK government's business registration agency, Companies HouseCompanies House
Companies House is the United Kingdom Registrar of Companies and is an Executive Agency of the United Kingdom Government Department for Business, Innovation and Skills . All forms of companies are incorporated and registered with Companies House and file specific details as required by the...
and Environment Agency
Environment Agency
The Environment Agency is a British non-departmental public body of the Department for Environment, Food and Rural Affairs and an Assembly Government Sponsored Body of the Welsh Assembly Government that serves England and Wales.-Purpose:...
, Shop Direct Group, npower
Npower (UK)
RWE Npower plc is a UK-based electricity and gas supply generation company, formerly known as Innogy plc. As Innogy plc it was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index...
.
Products and services
Netbanx falls into the payment gatewayPayment gateway
A payment gateway is an e-commerce application service provider service that authorizes payments for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar. It is the equivalent of a physical point of sale terminal located in most retail outlets...
and payment service provider
Payment Service Provider
A payment service provider offers merchants online services for accepting electronic payments by a variety of payment methods including credit card, bank-based payments such as direct debit, bank transfer, and real-time bank transfer based on online banking...
types of financial services
Financial services
Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance companies, consumer finance companies,...
solutions. The company offers card not present (CNP), online, and call centre/interactive voice response
Interactive voice response
Interactive voice response is a technology that allows a computer to interact with humans through the use of voice and DTMF keypad inputs....
(IVR) payment processing, including payment gateway, merchant accounts and fraud management tools. The company’s processing service is 3-D Secure and PCI compliant.
The company supports payment through and partners with all the major payment brands and networks, including (in no particular order) Visa, Mastercard
MasterCard
Mastercard Incorporated or MasterCard Worldwide is an American multinational financial services corporation with its headquarters in the MasterCard International Global Headquarters, Purchase, Harrison, New York, United States...
, Maestro
Maestro (debit card)
Maestro is a multi-national debit card service owned by MasterCard, and was founded in 1990. Maestro cards are obtained from associate banks and can be linked to the card holder's current account, or they can be prepaid cards...
, Visa Electron
Visa Electron
Visa Electron is a debit card available across most of the world, with the exception of Canada, Australia, Ireland and the United States. The card was introduced by VISA in the 1980s and is a sister card to the Visa Debit card...
, Diners Club
Diners Club
Diners Club International, founded as Diners Club, is a charge card company formed in 1950 by Frank X. McNamara, Ralph Schneider and Matty Simmons...
, American Express, Visa Debit
Visa Debit
Visa Debit is a major debit card issued by Visa in the United Kingdom, the Republic of Ireland and other nations of the European Union. Prior to October 2004, the debit card was known as Visa Delta. Since June 2009, the major banks in the UK have begun issuing Visa Debit. Barclays, Bank of...
, JCB
Japan Credit Bureau
Japan Credit Bureau is a credit card company based in Tokyo, Japan. Its English name is .Founded in 1961, JCB established dominance over the Japanese credit card market when it purchased Osaka Credit Bureau in 1968, and its cards are now issued in 20 different countries...
, Lloyds TSB Cardnet
Lloyds TSB
Lloyds TSB Bank Plc is a retail bank in the United Kingdom. It was established in 1995 by the merger of Lloyds Bank, established in Birmingham, England in 1765 and traditionally considered one of the Big Four clearing banks, with the TSB Group which traces its origins to 1810...
, Barclaycard
Barclaycard
Barclaycard, part of Barclays Retail and Business Banking, is a global payment business. The Barclaycard was the first credit card introduced in the UK, coming into service in 1966. It enjoyed a monopoly until the introduction of the Access card in 1972....
, RBS Streamline, HSBC, HBOS
HBOS
HBOS plc is a banking and insurance company in the United Kingdom, a wholly owned subsidiary of the Lloyds Banking Group having been taken over in January 2009...
, Direct Debit
Direct debit
A direct debit or direct withdrawal is an instruction that a bank account holder gives to his or her bank to collect an amount directly from another account. It is similar to a direct deposit but initiated by the beneficiary...
, Giropay
Giropay
Giropay is an Internet payment System in Germany, based on online banking. Introduced in February 2006, this payment method allows customers to buy securely on the Internet using direct online transfers from their bank account...
, ELV, iDEAL
IDEAL
iDEAL is an Internet payment method in the Netherlands, based on online banking. Introduced in 2005, this payment method allows customers to buy securely on the Internet using direct online transfers from their bank account. iDEAL processed 4,5 million transfers in 2006, 15 million transfers in...
, Poli, DirectPay24, Ukash
Ukash
Ukash is a brand of SmartVoucher Ltd and was created in 2005 to provide online cash-payment services. It is available in 33 countries, through payment terminals in retail outlets across Europe, South Africa, South America, Canada and Australia and it is also issued online from the company’s website...
, Carte Bleue
Carte Bleue
Carte Bleue is a major debit card payment system operating in France. Unlike Visa Electron or Maestro debit cards, Carte Bleue allows transactions without requiring authorization from the cardholder's bank. In many situations, the card works like a credit card but without fees for the cardholder...
, Carta Si, PayPal
PayPal
PayPal is an American-based global e-commerce business allowing payments and money transfers to be made through the Internet. Online money transfers serve as electronic alternatives to paying with traditional paper methods, such as checks and money orders....
and the Neteller e-wallet
Neteller
Optimal Payments PLC, formerly known as Neovia Financial PLC, is a British global payments company based in the Isle of Man and regulated in the United Kingdom...
. These relationships allow the company to process payments from most major countries.
Netbanx primarily generates revenue by charging fees to merchants for each transaction that is processed through the company’s system.
Netbanx supports companies that already have their own card acquiring relationships. The company also offers merchant account/card acquiring
Acquiring bank
An acquiring bank is the bank or financial institution that processes credit and or debit card payments for products or services for a merchant. The term acquirer indicates that the bank accepts or acquires credit card transactions from the card-issuing banks within an association...
& bureau services to expedite the process of a new company getting an acquiring relationship/merchant-ID so they can accept payments online.
Security
The company offers a range of fraud, identity and security features to combat online payment and card fraudCredit card fraud
Credit card fraud is a wide-ranging term for theft and fraud committed using a credit card or any similar payment mechanism as a fraudulent source of funds in a transaction. The purpose may be to obtain goods without paying, or to obtain unauthorized funds from an account. Credit card fraud is also...
. These include PCI DSS
PCI DSS
The Payment Card Industry Data Security Standard is an information security standard for organizations that handle cardholder information for the major debit, credit, prepaid, e-purse, ATM, and POS cards....
, 3-D Secure
3-D Secure
3-D Secure is an XML-based protocol designed to be an added layer of security for online credit and debit card transactions. It was developed by Visa with the intention of improving the security of Internet payments and offered to customers as the Verified by Visa service...
, BIN and IP blocking, and address verification
Address Verification System
This is credit card address verification. Were you looking for POSTAL Address Verification?The Address Verification System is a system used to verify the address of a person claiming to own a credit card. The system will check the billing address of the credit card provided by the user with the...
.