Operations

RedFin Network

RedFin Network provides contracted Internet business portals the ability to transact business, with their client base, through a very secure proprietary electronic-vault based payment processing system. In addition, we provide for connections into The RedFin Network Payment Gateway and other commercial payment processing systems. Value added payment services include debit card loading, money transfer, and bill payment.

RedFin Network operates a Proprietary Payment Gateway system that is used to perform Cardholder Information Security Program (CISP) Processor Card Industry (PCI) compliant level 1, 2 and 3 electronic payment processing by way of Retail Point of Sale (POS) terminal, Virtual Terminal, Interactive Voice Response (IVR), E-Commerce, Mobile commerce such as Wireless Access Protocol (WAP), Java or Windows Mobile Wireless payment technology using wireless PDA’s and phones. The following hardware and services are supported by this gateway.

Market Information
Merchant Credit Card Acquisition

  • Internet-based POS merchants
  • Wireless POS terminal merchants
  • Premium card not present merchants

Secured Transaction Processing

  • PCI / CISP Certified Gateway
  • Envoii Secured Transactional Services

Mobile and Wireless Technology

  • Wireless POS Terminals and Services
  • Mobile Accessible Payment Services
Market Size **
2006 Credit Card$49 Billion
2006 eCheck / ACH$13 Billion
2010 Credit Card$85 Billion
2010 eCheck / ACH$19 billion

RedFin Network is marketed under reseller agreements with ISOs (Independent Sales Organizations) and VARs (Value Added Resellers) selling products and merchant services to end customers throughout the U.S.  RedFin Network has built a network of 40 ISOs to sell its complete product and service line to merchants and financial institutions nationwide, and has signed nearly 30 resellers. As result, new account wins include Charge Card Systems, the 5th largest producer for First Data, a major transaction processing company in the US.

Revenue is generated from a monthly and per transaction fee charged for each transaction passing through The RedFin Network Payment Gateway to end acquiring processors.  A total of 13 platforms have been integrated to-date, including Vital, First Data Networks, PaymentTech, Heartland and Valutec.  RedFin is also integrated with the Blue Bamboo (www.bluebamboo.com) wireless processing terminals that are exclusively integrated with The RedFin Network Payment Gateway.  All Internet merchants and certain brick and mortar merchants require a gateway to pass transactions from their customers' use of a payment form to the acquiring bank/processor.

The RedFin Network Payment Gateway can also be re-branded for other large associations to consistently build brand name recognition by the ISO/Merchant customer base.

RedFin Network has built a shopping cart emulator, which allows Internet merchants currently using other competitive payment gateways to integrate with The RedFin Network Payment Gateway in a quick and efficient manner without disruption of their business.  The shopping cart emulator has integrated the top 120 carts currently used by Internet merchants.  In addition code is currently being written to allow RedFin Network clients move transactions to their QuickBooks Accounting System in a real-time manner.