Fast Transact Inc., generating a revenue change of 64.76%, once again takes it place among the top honorees for the Fastest Growing Company in Washington’s South Puget Sound area.
The recent Business Examiner (BE) award ceremony recognized Fast Transact as the second fastest growing company during 2007 for South Sound businesses. The annual competition is ranked in both revenue and wage expenses for fiscal years 2004 through 2006 and each nominee’s results were collected, calculated and verified by Moss Adams, the 12th largest accounting and consulting firm in the United States.
Fast Transact, a leader in credit card processing services and IP (Internet Protocol) payment solutions, attributes its notable growth over the past few years to having outstanding technology and an extraordinary client service program. In 2006, the company took 1st Place in the BE’s Fastest Growing Company award and was an honoree for the 2007 Top Places to Work recognition program. More recently, Inc. 5,000 ranked Fast Transact as #1058 on its list of fastest-growing private companies in the country and as #53 in the top companies for Financial Services.
David Solomon, CEO of Fast Transact, Inc. noted that growth and industry-wide recognition has come about because of the company’s commitment to provide a total solution for merchant services and a secure processing environment. “For the last five years, our market niche has focused primarily on Internet payment processing, however in the last year we have expanded our focus to include retail point-of-sale software for those businesses that want to upgrade to high speed connectivity.”
“As we continue to concentrate on new product offerings,” added Solomon, “FAST TRANSACT will actively pursue viable strategic partnerships that enhance the processing options for both retail and Internet businesses. We believe that a key ingredient to success is partnering with organizations that have complementary strengths and we look forward to being able to offer a number of other services within the near future.”
Thursday, February 7, 2008
Paul Noblett, Founder of N&A Consulting, Appointed to Fast Transact, Inc. Board of Directors
Fast Transact, Inc., is pleased to announce the appointment of Paul W. Noblett to its Board of Directors.
Mr. Noblett, founder of N&A Consulting, has been a key figure in the transaction services and communications industries for over 30 years. With experience ranging from systems management at what today is MBNA to being the General Manager of MasterCard’s Worldwide Operations, Paul has had hands-on responsibility for many of the systems and operational enhancements developed in the industry. N&A Consulting is a business development, data processing and communication consultancy specializing in the payments industry. Customers include major service organizations and financial institutions, both domestic and international. Additionally, the group specializes in developing new businesses. These efforts have resulted in the creation of six new companies to take advantage of market opportunities. Over 200 people now work for these organizations, generating more than $100 million in annual revenue.
"Fast Transact is committed to providing a total solution for merchant services. The addition of Paul Noblett to our Board of Directors ensures that the company will continue to benefit from a diversity of knowledge and opinions. Paul is a perfect director for Fast Transact because of his strong leadership skills, extensive management experience, and proven record of accomplishment within the credit card industry. We believe Paul’s experience in this arena and overall management and governance acumen will greatly assist Fast Transact’s strategic growth," said David Solomon, founder and Chief Executive Officer, Fast Transact Inc.
“We are very excited to be part of the Fast Transact team,” stated Paul Noblett. “We have always been impressed by what they have accomplished and their customer loyalty. It is our hope to add our industry position and know how to help build a truly unique solutions provider.”
With the appointment of Noblett, the Fast Transact board stands at six directors.
Mr. Noblett, founder of N&A Consulting, has been a key figure in the transaction services and communications industries for over 30 years. With experience ranging from systems management at what today is MBNA to being the General Manager of MasterCard’s Worldwide Operations, Paul has had hands-on responsibility for many of the systems and operational enhancements developed in the industry. N&A Consulting is a business development, data processing and communication consultancy specializing in the payments industry. Customers include major service organizations and financial institutions, both domestic and international. Additionally, the group specializes in developing new businesses. These efforts have resulted in the creation of six new companies to take advantage of market opportunities. Over 200 people now work for these organizations, generating more than $100 million in annual revenue.
"Fast Transact is committed to providing a total solution for merchant services. The addition of Paul Noblett to our Board of Directors ensures that the company will continue to benefit from a diversity of knowledge and opinions. Paul is a perfect director for Fast Transact because of his strong leadership skills, extensive management experience, and proven record of accomplishment within the credit card industry. We believe Paul’s experience in this arena and overall management and governance acumen will greatly assist Fast Transact’s strategic growth," said David Solomon, founder and Chief Executive Officer, Fast Transact Inc.
“We are very excited to be part of the Fast Transact team,” stated Paul Noblett. “We have always been impressed by what they have accomplished and their customer loyalty. It is our hope to add our industry position and know how to help build a truly unique solutions provider.”
With the appointment of Noblett, the Fast Transact board stands at six directors.
MasterCard's New PCI Educational Webinar for Merchants
MasterCard has announced the immediate availability of a complimentary educational webinar developed to help merchants better understand the newly available PCI Data Security Standard Self-Assessment Questionnaire (PCI DSS SAQ) version 1.1 that has been updated and released by the PCI Security Standards Council.
The PCI DSS, which was developed by MasterCard in conjunction with the other founding payment brands that comprise the PCI Security Standards Council, sets forth requirements for enhancing payment account data security and is intended to help companies protect payment account data. The multifaceted security standard includes requirements for security management, policies, procedures, network architecture, software design and other critical protective measures.
A crucial component of PCI compliance is the Self-Assessment Questionnaire, a validation tool intended to assist those merchants and service providers that are not required to have onsite assessments to self- evaluate their compliance with the PCI DSS. There are multiple forms of the SAQ to meet various scenarios, depending on how an organization stores, processes, or transmits cardholder data.
The updated SAQ version 1.1, which is intended to simplify and streamline the assessment process, was released today by the Council.
MasterCard's new Web-based module features actionable advice from MasterCard industry experts to help acquiring banks and merchants better understand the new updated SAQ. The webinar is now available online at http://www.webcasts.com/mastercardpci.
"Educating merchants and encouraging broader adoption of the PCI Data Security Standard are essential steps to better ensure the integrity of payment data," said Bruce Rutherford, Group Head, Fraud Management Solutions, MasterCard Worldwide. "This new program helps merchants effectively manage the SAQ process of the PCI DSS, while complementing our other education initiatives in our collaborative efforts to help protect our customers and cardholders from data theft and fraud."
The webinar will highlight the various SAQ types and discuss how to choose the right SAQ, tips and strategies for compliance as well as other related topics.
The new webinar is the latest component to MasterCard's ongoing commitment to industry education and knowledge sharing. In October 2007, MasterCard launched the PCI Merchant Education Program, an initiative offered to acquiring bank customers that provides practical assistance in educating merchants and encouraging broader adoption of the PCI DSS. The program continues to offer other complimentary education and training for acquiring banks and merchants to better their understanding of PCI DSS through interactive sessions, which are also available online at http://www.webcasts.com/mastercardpci.
In addition to the PCI Merchant Education Program, the MasterCard Academy of Risk Management (ARM) offers a full curriculum of online seminars, global conferences, educational materials and other tools to help secure the payments system and promote secure commerce worldwide. More information on the PCI Merchant Education Program and other ongoing MasterCard security initiatives can be found online at http://www.mastercardsecurity.com, or merchants may contact their MasterCard SDP representative.
Compilation Copyright © 2002 - 2007 Glenbrook Partners LLC. All Rights Reserved.
Monday, October 29, 2007
Top Ten Finalist for 2007 Fastest Growing Company
For the second consecutive year, Fast Transact, Inc. takes its place among Washington’s fastest growing businesses. Each year, the Business Examiner (BE) of South Puget Sound recognizes outstanding businesses for their success and growth. The annual event ranks the top 10 finalists by a combined growth in revenue and wage expense and is conducted with the assistance of Moss Adams, the 12th largest accounting and consulting firm in the United States.
In 2006, Fast Transact, Inc. a leader in payment gateway integration and nationwide credit card processing services, received the BE’s top honor of Fastest Growing Company. The company at that time was responsible for processing over $500 million in credit card sales volume annually. Fast Transact was also nominated as a finalist in the BE’s 2007 Top Places to Work award. More recently, Inc. 5,000 ranked Fast Transact as #1058 on its list of fastest-growing private companies in the country and as #53 in the top companies for Financial Services.
This year’s finalists will attend a VIP Reception on December 5, 2007 at the Tacoma Art Museum as the Business Examiner rolls out the red carpet to reveal the rankings and present awards.
In 2006, Fast Transact, Inc. a leader in payment gateway integration and nationwide credit card processing services, received the BE’s top honor of Fastest Growing Company. The company at that time was responsible for processing over $500 million in credit card sales volume annually. Fast Transact was also nominated as a finalist in the BE’s 2007 Top Places to Work award. More recently, Inc. 5,000 ranked Fast Transact as #1058 on its list of fastest-growing private companies in the country and as #53 in the top companies for Financial Services.
This year’s finalists will attend a VIP Reception on December 5, 2007 at the Tacoma Art Museum as the Business Examiner rolls out the red carpet to reveal the rankings and present awards.
Friday, October 19, 2007
Fast Transact, Inc Ranks No. 1058 on the 2007 Inc. 5,000
Inc. ranked Fast Transact No. 1058 on its first-ever Inc. 5,000 list of the fastest-growing private companies in the country. The Inc. 5,000, an extension of Inc. magazine’s annual Inc. 500 list, catches many businesses that are too big to grow at the pace required to make the Inc. 500, as well as a host of smaller firms. Taken as a whole, these companies represent the backbone of the U.S. economy.
Leading the list of the fastest-growing companies in the nation is the Midwest region with 1,046 of the fastest-growing companies, followed by the West with 884 companies. The Southeast comes in a close third, with 872 companies, followed by the Northeast with 782 companies, and the Mid-Atlantic region with 606 companies.
The largest business category is Construction, with 561 of the fastest-growing companies in this category, followed by Manufacturing with 515 companies, IT services in third with 466 companies, Business Services with 377 companies and Advertising & Marketing with 349 companies round out the top five industries ranked on the 2007 Inc. 5,000.
Industries reporting the highest total revenue in 2006 are Construction ($27.1billion), Manufacturing ($18.6 billion), Health ($13.1 billion), Computers & Electronics ($12.7 billion), and Financial Services ($11.8 billion).
About Fast Transact, Inc.
Founded in 1995, and privately owned and operated, Fast Transact, Inc. is a registered ISO/MSP of Bank of America and Wells Fargo Bank. FAST TRANSACT provides nationwide retail and Internet merchant service accounts, integrated payment gateways for processing credit cards and debit bankcards, online check services, affiliate partnership programs, and gift card / loyalty card programs. FAST TRANSACT is a registered trademark of Fast Transact, Inc. For more information, visit www.fasttransact.com
Improve Your Data Security
Thursday, March 15, 2007
Turn-key Services Make Setup a Simple Solution
FAST TRANSACT's core business is payment processing. We specialize in Internet, retail, and MOTO credit card merchant accounts and merchant services. Our "one-stop" merchant processing solutions and payment gateway options are cost effective and easy to use. Accepting credit cards is very simple process. All it takes is an application, which will get you what is needed to accept credit card payments: (1) a merchant account, if you are a retail merchant or (2) a merchant account plus a payment gateway if you are an online merchant. By integrating FAST TRANSACT's payment product offerings you can accept ALL major credit cards including Visa, MasterCard, Discover, American Express, debit cards. . . as well as gift cards and checks.
Are you looking for a new credit card processing service?
Find out how we can help you maximize your profit when it comes to credit card processing rates and fees. Our merchants enjoy the benefits of unbeatable customer service and technical support, high-level gateway fraud protection, chargeback reduction, 24-hour network and access monitoring, low processing rates, and state-of-the-art equipment.
http://www.fasttransactonline.com/
Are you looking for a new credit card processing service?
Find out how we can help you maximize your profit when it comes to credit card processing rates and fees. Our merchants enjoy the benefits of unbeatable customer service and technical support, high-level gateway fraud protection, chargeback reduction, 24-hour network and access monitoring, low processing rates, and state-of-the-art equipment.
http://www.fasttransactonline.com/
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