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Portfolio Sales. Best Portfolio Sales Companies - Apr 2014

RANK COMPANY NAME YEAR FOUNDED REVENUE FULL TIME EMPLOYEES ACTIVE CLIENTS CLIENT RETENTION RATE PRICING CLIENTS Overall Score Composite score based on criterias and quality of work observed.
0100
GVGE
Competitive Rates Processor's ability to provide competitive pricing rates. Reliability Processor's overall reliability in service and processing. Efficiency Processor's overall ability to provide an efficient service with the least amount of inconvenience. Variance The processor's ability to provide a variation of services and options to meet the needs of their customers. Customer Support Processor's ability to communicate effectively with their customers. Change in Rank Indicates shift in rank from previous month's rank.
1st Award
Merchants Bancard, Inc. (MBN)

Valencia, California Jerry Cain 877-771-4629_ Visit Merchants Bancard, Inc. (MBN) File A Complaint
Commend This Vendor
1988 Over $100 million 26 - 50 10,500+ 96% 98% Confidential
100%
100 100 100 100 100 NC More Info
2nd Award
MerchantPortfolios.com

Framingham, Massachusetts Adam Hark 866-448-1885_ Visit MerchantPortfolios.com File A Complaint
Commend This Vendor
2007 $50 - $100 million 51 - 100 56 92% 98% Security Card Services, LLC., Data Futures Inc., BluePay, Intuit
98.8%
98 99 100 98 99 NC More Info
3rd Award
Velocity Funding

Norwood, Massachusetts Dean C. Caso 888-818-3552_ Visit Velocity Funding File A Complaint
Commend This Vendor
2007 $10 - $50 million 26 - 50 65 90% 98% Confidential
97.8%
96 99 97 100 97 NC More Info
4
Federal Home Loan Mortgage Corporation

Mclean, Virginia Charles Haldeman Jr. 703-903-2000_ Visit Federal Home Loan Mortgage Corporation File A Complaint
Commend This Vendor
1970 Over $100 million 1 - 10 1000+ 90% 98% Confidential
96.6%
97 95 97 96 98 NC More Info
5
ICBA Bancard

Tampa, Florida John H. Buhrmaster 888-640-1092_ Visit ICBA Bancard File A Complaint
Commend This Vendor
1985 $10 - $50 million 26 - 50 54 90% 98% Confidential
95.4%
94 95 97 95 96 NC More Info

Evaluation Criteria for Portfolio Sales

The independent authority on credit card processors, topcreditcardprocessors.com, is a research firm dedicated to identifying and ranking the best credit card processors in the United States. Through an in-depth vendor analysis, client evaluation, and the use of our proprietary evaluation criteria, we have put together a list of the top portfolio sales services. Our analysis delves into a vendor’s business practices and compares them against industry standards to ensure that the service is quality. Often times we connect directly to the clients of a vendor and ask about their overall experience.

There are five key areas which we have identified as significant for a portfolio sales service:

A payment service must demonstrate speed and efficiency. No one wants their money or their account to be handled by a service that is slow and/or inefficient. Businesses should be concerned about the reliability of the payment service that will be handling its payment portfolio. If the system allows for mishandling of an account, it cannot be deemed as a reliable service. An unreliable service can cause the business to lose clients and potential business.

The ability to make secure payments is an important part of any payment process. Businesses should ensure that they ascertain the verification methods that the payment processor require individuals to use when making payments. It is also important that they find out the steps the vendor follows for verifying the payments that they accept.

The payment processing service can be measured for automation based on how easy it is for customers to use it. Automation is also based on the amount of hands-on activity the customer has to engage in during the process. Obviously, automation should require minimal if any hands-on activity. Automation is meant to lessen the amount of work the customer has to do.

The volume of transactions the service can handle per day is another criterion businesses should use to evaluate the service. Pay attention to the volume of transactions from a single vendor, and the processor's ability to efficiently manage the volume of work from that vendor. Is the service capable of handling thousands of transactions per day? Are there any limitations that may affect the payment process by slowing it down or bringing it to a halt?

A delay in service is regarded as inefficiency or an inability to deliver on the required service. The payment processor's service can be evaluated for a delay in service by measuring the length of time it takes for a payment to be processed, and for the payment to reach the intended recipient.