Velocity is a payment-processing platform enabling developers and merchants to accept payments in their apps or websites. Our services include full stack options that include a merchant account or simply just payment gateway services leveraging our technologies for simple access.
North American Bancard (NAB) acquired a perpetual software license from IP Commerce for their gateway switching platform at the end of 2013, following IP Commerce’s announcement to discontinue providing such services. This software is the core engine driving Velocity. Since the acquisition, the Velocity team has continued to expand the software capabilities adding more service providers and value added services to support its greater software community.
Velocity services all kinds of players within the payments industry, our partners include Merchants to ISVs (Integrated Solution Vendors) to Dealers and Agents. We cover major industry segments including Retail and Restaurants, MOTO, eCommere, Multi-Solution and Mobile.
We work with various payments methods including Credit, Debit, EBT, EMV, Stored Value Accounts including Gift and Loyalty processing, Checking and ACH. We support all the major brands through our stack, including Visa, MasterCard, American Express, Discover, JCB, and Diner’s Club as well as Private Label Cards.
Merchants generally are approved same day for processing. In some cases, we’ll need to gather some additional information before you can start processing. In that event, we will get in touch with you same day to get all the necessary information to get you going.
Generally transactions are deposited into your bank account in 2 business days. If your merchant account is eligible for enrolling for next day funding, we deposit your funds within the next day.
Yes, the data is yours. That is how confident we are about our services. In the event you do want to port your customer data with you, there will be amicable costs to cover securely processing that request that you will incur.
In general, we are seeing an average turnaround of 2 weeks for when developers received certification assets to being certified. Times do vary with respect to the complexity of the project, other commitments being balanced by developers, and the developers experience level.
Our API supports both SOAP and REST interfaces for direct integrations. On the client side, for mobile developers, we support libraries for iOS and Android. For service side developers, we have client libraries for Ruby, Microsoft .NET, PHP, and Java.
Yes, the current API is backwards compatible with existing integrations to the IP Commerce platform prior to the acquisition. Even though you are most of the way certified with Velocity, you will still need to go through the formalities of certification to ensure you get the best support in production. If you certified with other companies that also have a perpetual software license to IP Commerce, we are compatible as well.
Yes, we have two solutions addressing hosted checkout. Our Hosted Payments Form solution is an embeddable payments form for desktop, tablet and mobile devices, working within your site, without redirecting customers away to complete the transaction. If you want to build the whole payments form yourself, our Direct Post solution is there to help you tokenize and charge keeping you out of scope for PCI.
By leveraging Velocity’s security solutions, including Hosted Checkout, Point-to-Point Encryption, Tokenization and Semi-Integrated Solutions, you can avoid being in scope of PCI.
Velocity’s Semi-Integrated solutions are designed to take the payments out of the point of sale. The point of sale will simply invoke the SI application via its inbound API with non-sensitive transactional data request. The SI application will then handle all sensitive transaction data processing returning a tokenized response. The end result is an out of scope point of sale.
EMV ready or capable hardware solutions is strictly hardware that is certified for taking on EMV transactions, however they are not production solutions “enabled” for processing EMV card transactions just yet. The reasoning behind this, is they are lacking the missing application component that is EMV fully certified with the hardware, processor and brands for enabling the processing of EMV cards.
Yes, the Velocity EMV “enabled” solution is our Semi-Integrated application that is compatible with Ingenico Telium2 Terminals. Our certification covers the iCT, iWL, iPP, and iSC series terminals through our service provider EPX.
Velocity has partner with sophisticated fraud protection partner Retail Decisions leveraging their Shield solution as a Value Added Service. There is additional cost with this solution through ReD.
Yes, tokens on the platform are unique to the integrated applications, not the merchant, and can be used globally in various applications including wallets, recurring payments, authorizations, and refunds.
Yes, Velocity has its own decryption facility that it hosts within its data center for decrypting Point-to-Point Encryption supported swipers. Hosting this service within our gateway enables the technology to be agnostic to service providers for payment processing. Our service is also agnostic to hardware, supporting all flavors of 3DES DUKPT encryption decryption and restructuring processes.
Velocity is agnostic to hardware, supporting all flavors of 3DES DUKPT encryption decryption and restructuring processes. This includes popular players such as Magtek, ID TECH, Roam, Ingenico, Infinite Peripherals, Anywhere Commerce, and Verifone.
Yes, Velocity can support routing your transactions to Magensa for P2PE and Magneprint processing. However, there is a cost to using Magensa for decryption outside of Velocity’s decryption service that you will incur. Velocity’s P2PE is free of charge through the gateway.
It’s free and including as a Value Added Service with processing through the gateway. Leveraging Magensa instead of Velocity’s decryption service does have an additional per transaction cost you will incur.
Yes, Velocity works with most of the leading open source ecommerce platforms.
In general, most of our clients choose our full stack payments offering, but in the event you are stuck with your current merchant account, we still offer our technologies at a very competitive offering. Our standalone gateway pricing for merchant accounts not enrolled through NAB is $39 setup fee, $15 monthly service fee and .10 transaction
Volume pricing is available for merchants that process over 30K/month? Please reach out to sales staff to qualify. Unfortunately, for non-profits and micro transactions, those won’t qualify.
Yes, Velocity offers subscription service tools that take the pain out of recurring billing and payments. You can store the data in our PCI Level 1 certified vault, and we can handle the payments automatically for you, or you can initiate manually.
You have full control on the retry logic, to auto retry when a subscription goes past-due.
Yes. You can use Add-Ons and Discounts to create promotional periods or rewards for your customers. These line items can be run for set periods of time along with the subscription. You have flexibility to create plans that work for your business needs.
Through the Velocity platform, NAB offers its own Gift and Loyalty stored value program. This solution comes at no cost for merchants enrolled through NAB. Gift and Loyalty cards help boost cash flow, consumer spending and repeat visits.
For NAB merchants, the cost is including with the merchant account. The only thing that is required for purchase through Velocity are cards and accessories.
Yes, this is the requirement with using the program. All packages and card orders have to be purchased through Velocity/ NAB.
There are two types of packages, Pre-Designed and Custom packages. Pre-Designed packages are printed in 7 business days (or less). Custom packages are printed from 7-15 business days depending on the quantity. Please allow 1-2 business days for proof creation. Both Pre-Designed and Custom require a minimum order of 100 cards.
Yes. The Velocity Gift and Loyalty platform is compatible with credit card terminals including the VX520’s, offers 24/7 online reporting and virtual terminal, and supported through gift card integrations through the Velocity gateway.
Yes, Velocity offers both Centralized and Decentralized solutions for supporting multi-location, community, and franchises.
Yes, we can help you with either. Porting to Velocity, we will help without any charges, however there is a cost for securely processing requests for porting business away from Velocity.
Velocity Referral Partners are sales partners and dealers that refer from their customer base to Velocity for merchant services. Their benefits range from, dedicated account managers, incentivizing promotions and rewards for merchants, generous compensation structures, value added solutions, highly available technology to dedicated 24/7 sales and technical support.
Velocity Integrated Alliances are technology vendors that partner with Velocity to market their products. They benefit from access to 3000+ agent offices, Marketplace enrollment, regular webinars to our agent community, and generous promotions and rewards around their solutions.
Yes, please see your National Sales Account Manager for all inquiries on how to leverage Velocity for maximum benefit.
The Velocity Marketplace is a content catalog where NAB Sales Partners can learn more about our Integrated Alliance products relative to the business needs they need for a specific merchant. It allows them to offer a full stack turnkey solution to the merchant bundled with their merchant services.
When you submit to request for webinar, that goes into a request to our Integrated Alliance partner to coordinate a session. They generally coordinate a session when they get 2 or more requests.
The Marketplace registration is limited to NAB Sales Partners. You can inquire with sales about becoming a NAB Sales Partner.
No, we also have hardware vendors there as well and consultation service providers.
The process for a partner to refer a merchant is simple. Please fill out our referral form, and we will ensure your referral is contacted quickly.
You will receive an activation email from firstname.lastname@example.org to the email address on file.
The merchant, NAB/Velocity support, and the agent all get a copy of the activation email
Click the activation link in the email, follow the instructions to setup user name, password, and security questions.
Check your spam/junk folder for an email from email@example.com.
If you can’t locate the email in the spam/junk folder whitelist firstname.lastname@example.org, use the following link for a whitelist how to for the most popular email domains: How to Whitelist Email
|First Name (Billing Name)||State||Reference Number|
|Last Name (Billing Name)||Postal Code||Invoice Number|
|Street Address||Security Code (CVV)||IP Address|
From the Merchant Location or Designated Terminal select the appropriate merchant account to view/process transactions.
VT has only been tested with Chrome.
VT has only been tested with Windows.
Authorize: It holds the funds in a pending status only, it requires the merchant to run a Capture in order for the funds to settle.
AuthorizeAndCapture: It authorizes and Captures the funds in one step. No further action is needed for the funds to settle.
Make sure that the reader is connected to your computer through USB and that it is a Clear unencrypted reader.
Open a word processing application (MS Office/Notepad) and swipe a credit card.
If the outcome looks like this the reader is clear:
%B4847351117009739^YOU/A GIFT FOR^21020000000000000000000?;48473511117009739=210200000000000?|
If the outcome looks like this the reader is encrypted:
%B4847351117009739^YOU/A GIFT FOR^21020000000000000000000?;48473511117009739=210200000000000?|0600|C99616598D439E20775D0174D42A73F371C8B67D8D4CC4C966B8838D7D59498F04E83AA58FDFC7F4F55813A3093DEDC2D388481EFA2R3F80692C5B683074F094|0E45E1D78B398A96E90AB3A567E0B154FB96AD616038DE46BE6158EF0388F304151F33870AG6E32B||61401000|613D065FA7B9D927EA0C0A8681594B9777F91F6B370DBB6B46E1912B29C8F8132A203882EB109EC1F4B9061C0F22070921D476AD84157632|B257DC7040814AA|F8E9377CB1EA2449|9010010B257DC700221C|893D||1000
For the Ingenico Terminals to work with Vt the following has to be completed:
First time users of the SI solution on the Virtual Terminal will be required to download the CORS Toggle extension for Google Chrome from the Chrome Web Store: Moesif Origin & CORS Changer: https://chrome.google.com/webstore/detail/moesif-origin-cors-change/digfbfaphojjndkpccljibejjbppifbc
Click "Create Subscription" from the left hand menu
The following is required to create a subscription:
If you'd like to add a trial period, discounts, or add-ons use the Advanced Subscription menu
To Create a Recurring Subscription the following needs to be added:
The account is setup to settle automatically.
If manual settlement is not enabled on your account you can view your batches by going to NAB’s mybizperks.
Amount adjustment during settlement is only available for Capture Selective enabled accounts.
Voiding a transaction during settlement is only available for Capture Selective enabled accounts.
While configuring the Hosted Checkout parameters will not require any development knowledge, implementing the hosted Checkout Button (an iframe popup while the merchant’ site is visible in the background) will require a developer to implement the button on the merchant’ site. If you opt for the link (a payment page that the user will be directed to in order complete the payment) no development is necessary. The link can be sent directly to customer’s emails or linked to from the merchant’s site.
Go to the Hosted Checkout tab where you can set features such as:
Video Reference: Hosted Checkout Setup https://www.youtube.com/watch?v=4Bukk9DIfSU
To modify the receipt function you must navigate down the left hand side of the page to the Settings tab. Once you are in settings you need to click on the receipt tab. From here you will be able to add or remove a number of different fields to the receipt (invoice #, order #, employee ID, customer ID, reference #, cardholder name, billing street, billing city, billing state, billing zip, and comments). In here you can also make changes to the merchant name, street, city, state, postal code, website, or phone number if you so desire. Once you have made the desired changes click save.