TransFS Card Terminal Accepts Payments on iPhone Via Any Credit Card Processor

Chicago (PRESS RELEASE – November 15, 2009) – Transparent Financial Services (, a leading marketplace for businesses seeking financial services, today announced the launch of the TransFS Card Terminal, an iPhone app that provides businesses with credit card acceptance capabilities in virtually any location. TransFS Card Terminal is the first iPhone app of its kind to be free of cost and provide complete freedom of choice in credit card processor selection.

Previously, the cost to download an iPhone app for card processing was
as high as $50 per device. Further, most apps require the user to
contract with a specific processor, introducing the complication of
multiple invoices and the risk of unexpected price increases. TransFS
Card Terminal offers businesses the ability to introduce or test
mobile card acceptance without the fear of wasted cost or unwanted

TransFS Card Terminal provides card acceptance capabilities without
the cost of purchasing or leasing terminals. For new merchants and
those just beginning to accept credit cards, this offers potential
savings of hundreds of dollars per point of sale.

“Using an iPhone to accept payments adds mobility and freedom for
professionals in the field or in an office,” said Sean Harper, CEO of
TransFS. “We believe this freedom should also extend to the price of
the app and the choice of credit card processor, and our Card Terminal
delivers on that belief.”

The mobility and convenience of the iPhone makes it an ideal mode of
payment acceptance across a broad range of industries, including:
* Hospitality: Restaurants, hotels, recreation
* Home Services: Electrical, landscaping, plumbing
* Transportation: Taxi and limousine, direct product delivery
* Retail: Kiosks, outdoor venues, trade shows

TransFS is an online marketplace that helps businesses keep more of
their money, through a private and secure reverse auction in which
credit card processors bid to win each merchant’s business. Credit
card processors in the TransFS network undergo a stringent
certification process, and are contractually and financially bound to
rules regarding price transparency and customer service.

Businesses that download the TransFS Card Terminal have multiple
processor selection options:
* Quickly configure the app to use an existing processor of choice,
of whether that processor is part of the TransFS network
* Instantly set up a new merchant account with a competitive,
pre-negotiated rate plan
offered by a TransFS Certified processor
* Secure the lowest rates by having the full network of TransFS
* Certified processors competitively bid against each other, quickly
and confidentially.

The TransFS Card Terminal app and additional information are available

Historically it has been difficult or impossible to compare credit
card processors on an “apples to apples” basis. Many merchants suspect their fees are too high or find they are getting poor service, but are reluctant to change because of the time and complexity of shopping for alternatives. Traditional comparison shopping websites simply sold merchants’ contact information to multiple processors, resulting in sales calls and emails that compounded the problem.

TransFS has overcome these obstacles, with a process that typically
reduces credit card processing fees by 30 to 40 percent, at no cost to
the merchant. It takes only a few minutes for a merchant to apply on, the complete results of the competitive comparison are
provided for review at the merchant’s convenience, and the merchant is connected with a processor only by choice.

All TransFS services are available free of charge at

About is an online comparison-shopping service that enables
business owners to shop for credit card processing services quickly,
efficiently, and at no cost. TransFS evens the playing field for
business owners, letting them keep more of their money without
time-consuming, annoying sales calls from service providers. TransFS
employs instant reverse auctions to quickly negotiate better deals,
automated bill analysis software to identify unnecessary or
undisclosed fees, a stringent certification program and an online
ratings and reputation system to determine the highest quality service

1 Comment ▼

Anita Campbell Anita Campbell is the Founder, CEO and Publisher of Small Business Trends and has been following trends in small businesses since 2003. She is the owner of BizSugar, a social media site for small businesses.

One Reaction
  1. TransFS Card Terminal looks very interesting. I’m going to add it to the growing list of the best iPhone apps for business at:

    Shara Karasic
    Community Engagement
    Twitter: @appolicious, @sharakarasic

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