Retriever Merchant Solutions (RMS), led by Brian Kamstra, has leveraged in-depth industry knowledge to rise to the top of the payment processing systems industry. After more than 25 years in business, the Chicago-area firm provides merchant processing solutions and platforms to some 30,000 customers and continues to expand its presence internationally. Retriever Merchant Solutions’ leading partners include Worldpay, formerly called Vantiv.
Vantiv and Worldpay were two winning brands in the payment processing technology industry before their merger. In early 2018, Cincinnati, Ohio-based Vantiv, Inc., announced its acquisition of Worldpay Group, PLC. The company was then renamed Worldpay, Inc. In 2019, Worldpay was acquired by Fidelity National Information Services, Inc. The reported $35 billion purchase price for Worldpay represents the largest sale to date of an electronic payments entity and serves as a testament to the rapid growth and consolidation of the industry. The tens of billions of transactions processed annually through Worldpay in almost every country in the world play a major role in the sustainability of today’s globally integrated commerce systems. One recent estimate projected the volume of global electronic payments to reach an annual $3 trillion by the year 2023. Please visit http://www.rmsnpc.com/ for more information.
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Headquartered only 30 minutes from Chicago, Retriever Merchant Solutions is a leading provider of payment processing solutions. Retriever Merchant Solutions specializes in point-of-sale systems for a variety of industries that accept numerous payment types.
Point-of-sale (POS) systems can do more than just charge a balance to customers. POS systems can market as well. For instance, they can track and manage customer loyalty programs by distributing loyalty cards searchable from each device and manageable in a central database. POS systems can also make the entire purchasing process more efficient for customers. A simple and streamlined POS device can substantially reduce checkout times. And, of course, POS systems can help with inventory management. From the time a customer makes a purchase, a POS system can record the transaction and adjust inventory levels in real time. This improves reorder efficiency and makes sure items are always in stock. Please visit rmsnpc.com for more information. Retriever Merchant Solutions provides cutting-edge payment systems nationwide to retail outlets, restaurants, and many other organizations. Brian Kamstra, the president of Retriever Merchant Solutions, has been in the bank card business for more than two decades.
Rewards programs are driving forces in payment systems today, accounting for $15 billion of value for consumers in 2016. Rewards have become an arms race for companies as industry leaders in many fields try to one-up each other in their offerings to customers. Sales processing solutions are at the epicenter of this rewards war since they enable companies to track and manage their rewards programs. Point-of-sale terminal providers are working to integrate ever-more information-gathering tools into their software and make it simpler for consumers to sign up for rewards programs. Rewards programs also need to provide value to retailers, and the way to do that is through effective data management. Please visit rmsnpc.com for more information. Retriever Merchant Solutions, based in Munster, Indiana, is a leading payment service provider (PSP) assisting retail stores, restaurants, professional organizations, and e-commerce outlets with a range of services. Like many in the PSP industry, Retriever Merchant Solutions’ products are facilitating the ease of point-of-sale (POS) transactions for their consumers through innovations, such as all-in-one POS services that allow businesses to function from one single platform.
In recent years, POS technology has evolved to mobile platforms, mPOS, which allow retailers and other businesses to process transactions from a mobile phone or a tablet. The technology is ingenious, because it typically operates in the cloud, allowing businesses to function in one space online. Theoretically, a business can complete transactions, track inventory and sales, and complete online orders through an all-in-one platform, translating into savings, efficiency, and consumer satisfaction. However, these newer technologies are moving business toward Unified Commerce. In the integration of POS tasks over one network, consumers have benefited from technology that has made shopping much easier. Unified Commerce is a term that refers to commerce that is everywhere, allowing consumers to order products and services at their convenience. This method of POS provides consumers with a consistent and personalized experience, with more control. Retriever Merchant Solutions (RMS) provides payment-processing solutions and services to companies with a focus on facilitating safe and secure transactions. Those who are looking to expand a business with the aid of reliable transaction-processing equipment and options should know the following three facts about Retriever Merchant Solutions. 1. The company’s clientele comes from a diverse collection of professional industries. While RMS caters to major clients from industries like financial services and business consulting, it also serves groups who take care of others in the form of service-based industries like retail, hospitality, and food and beverage. 2. The company is the No. 1 sales office for the product Vantiv. Prior to its 2018 merger with Worldpay, Vantiv itself represented one of the most esteemed payment-processing companies in the United States and facilitated 25 billion transactions on an annual basis. After merging with Worldpay, it is now a leading provider of global payments in the e-commerce market. 3. The company supports the charitable work of Restoration Ministries. RMS gives back to its communities through involvement with the Christian charity Restoration Ministries, which offers services to men and women with an addiction, at-risk youth from disadvantaged backgrounds, and families affected by poverty. To learn more about RMS, visit www.rmsnpc.com. Retriever Merchant Solutions (RMS) works out of Munster, Indiana, to provide a worldwide network of clients with the best technology systems available for merchant payment processing. Retriever Merchant Solutions recently added Worldpay (then known as Vantiv) as one of its leading partners, with RMS serving as a major independently-run sales office for Worldpay systems. Worldpay, which offers a wide range of credit- and debit-card processing, omni-channel, Internet-based, and in-person solutions, also offers access to current industry reports on its website, including data on customer-purchasing behavior across multiple financial-transaction types. This data shows, for example, that the average banking customer has held an account with a primary financial institution for more than seven years and that almost three-quarters of these individuals are very satisfied with their bank’s services and would recommend it to friends and family. Other interesting statistics delineate generational shifts in financial-services preferences. For instance, while almost half of all credit-card customers want the added security benefit of being able to activate or deactivate their cards in real time, more than 60 percent of Millennials place a high value on that feature. Still other statistics gathered by Worldpay involve consumers’ knowledge and use of their own credit-score information, which again show generational partialities. More than 90 percent of customers in the age range of 25-34 know their credit scores, while less than 80 percent of those over 44 know theirs. Please visit http://www.rmsnpc.com/ for more information about RMS. Since its inception in 1994, Retriever Merchant Solutions has become one of the leading payment-processing entities in the United States. Serving a network of over 30,000 merchants nationwide, Retriever Merchant Solutions helps many of its clients make business-to-business (B2B) transactions with NPC Secure. An online system, NPC Secure is an application that allows businesses to process card-based payments. Whether they are completing transactions over the phone or via the Internet, users can leverage the platform to manage their B2B payments in a safe, reliable manner. Through NPC Secure, merchants have the ability to freeze payments, settle transactions, view payment details, and more from one central location. This platform also is suitable for businesses that provide ongoing services to their clientele, allowing them to create schedules for recurring transactions at different increments. NPC Secure houses cardholder information in a PCI-compliant database. With each B2B transaction, both the merchant and the business receive email notifications to confirm successful delivery of payment. NPC thus combines detailed record-keeping with trustworthy software services to ensure that all B2B exchanges go smoothly. Please visit www.rmsnpc.com for more information. Headquartered in Munster, Indiana, Retriever Merchant Solutions has provided cutting-edge payment-processing capabilities to businesses in every sector, ranging from hospitality to retail. Over the years, Retriever Merchant Solutions has incorporated numerous merchandising systems, including mobile point-of-sale (mPOS) systems. As mobile phones become an increasingly central part of life, businesses in all verticals must adopt their own mobile solutions to maintain their competitive edge. mPOS systems are quickly becoming the go-to technology for companies looking to improve the experience of their customers and drive their sales. mPOS is unique in that it allows sales staff to connect to business systems at any time and from any location. Since they are no longer tied to a register, they are free to promote stock to customers while out on the sales floor and easily connect to information related to available inventory. This helps customers make better decisions about their purchases and minimizes the chance that they will leave without buying anything. In addition, mPOS systems allow employees to input customer orders while they are waiting in line. Not only does this boost the efficiency of transactions, but it also shortens wait times and ensures that clients leave happier. Retriever Merchant Solutions (RMS), based in Munster, Indiana, outside Chicago, offers its worldwide network of merchant clients a variety of options to facilitate seamless payment processing. Retriever Merchant Solutions is additionally deeply rooted in its community, supporting nonprofit Chicago-area organizations that include Restoration Ministries. An innovative project of Restoration Ministries Online, the organization’s eBay thrift store benefits Tabitha House, a shelter for women overcoming addictions, and the Harvey House, a similar residential program for men that also trains them in Christian ministry. Restoration Ministries additionally maintains a food pantry and other service programs. As of late October 2018, the RMO eBay store offered dozens of donated items for sale, including clothing, shoes, a sewing machine, and collectibles such as Lionel model-train gear and a vintage Victrola believed to date from 1906. The two Restoration Ministries thrift stores that supply the eBay portal are located in South Holland and Harvey, Illinois. The thrift stores offer convenient free pick-up for most types of items, and a special service to assist with moves and estate sales. The brick-and-mortar stores give residents of Harvey House and Tabitha House the opportunity to gain on-the-job training in customer service and other skills, and to build their resumes as they rebuild their lives. For more information on Retriever Merchant Solutions, please visit http://www.rmsnpc.com/. A leading payment processing systems vendor in the Chicago metropolitan area, Retriever Merchant Solutions offers contactless, mobile, and wired point-of-sale (POS) systems for retail, hospitality, and business-to-business clients. Committed to supporting clients throughout the payment processing experience, Retriever Merchant Solutions also provides comprehensive support for understanding and maintaining compliance with the Payment Card Industry Data Security Standard (PCI DSS). Founded in 2006 by American Express, Visa, and other credit card companies, the PCI Security Standards Council has developed a number of guidelines and regulatory frameworks for use by merchants, banks, payment processors, and other members of the financial industry. One of the most important of these is the PCI DSS, a set of security practices that applies to all companies that accept credit card payments. Extremely complex, the PCI DSS applies in different ways, depending on the type of company and payment processing system in place. For example, retail businesses with physical locations must operate under a different set of standards than, for example, an eCommerce company that maintains a database of customer information. Because of the complex nature of the PCI DSS, many merchants rely on their payment processors to inform them about changes to standards. However, merchants still need to handle some aspects of the PCI DSS, such as the annual Self-Assessment Questionnaire, themselves. Please visit www.rmsnpc.com for more information. |
AuthorRetriever Merchant Solutions - Options in Payment Processing Archives
October 2020
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