Festival Transaction Services is proud to be in partnership with Visa, Bank of America Merchant Services and Pax Technologies. Together, we are committed to creating services and tools to help community events and vendors maximize their business potential.
Visa is the market share leader in North America, with 67% of all consumer credit and debit card transactions. As a strategic partner, Visa offers FTS services and support that enables the FTS national platform and gives FTS unique advantages that benefit event producers and vendors throughout North America.
BAMS, a joint venture between Bank of America and First Data, is the largest processor of credit and debit card transactions in North America, with 52% share of market. As a strategic partner of FTS, BAMS is instrumental in providing rapid processing and funding of FTS accounts, which in turn provide rapid settlement into the accounts of vendors and event producers using the FTS service platform. In addition, BAMS provides both FTS and vendors tools and data to minimize chargebacks.
Pax Technologies is the 6th largest mobile payment equipment manufacturer across the Pacific Rim countries, and is growing rapidly in the U.S. Pax is the manufacturer of the mobile processing devices used by FTS. The device, called the Pax S90, uses wireless phone data transmission, a powerful processor, large memory and a high-speed thermal printer to make an ideal payment terminal for outdoor locations and high volume transactions. The S90 uses an intuitive, cell phone-like interface to allow rapid and easy entering of transaction data at the retail level.