Business Services

Merchant Services

Most businesses find that it is important to accept credit and debit cards as payment for goods and services to stay competitive. With merchant services, you and your customers can benefit from the reliability, security, and convenience of debit and credit card payments.

Alaska USA has teamed up with Cornerstone Credit Services to offer merchant service solutions for your business. Cornerstone offers experienced technical and customer helpdesk support for all your questions, big and small, that relate to your merchant services account. If it matters to you, it matters to Cornerstone.  They’re here to assist you.

Credit and Debit Card Processing

Cornerstone Credit Services offers comprehensive point-of-sale credit and debit card processing so your customers can use their credit, debit and check cards to pay for merchandise and services.

• Credit cards: Cornerstone supports all the major payment types your business needs. You can expect competitive MasterCard®, and Visa® discount rates, as well as authorizations to American Express®, Discover®, Diners Club®, JCB® and EBT cards.
  
  
• Debit and check cards: Cornerstone’s solutions enable you to offer your customers the option of both online and offline debit. Online debit cards mean you process the cardholder’s debit or check card and they complete the transaction by keying in their PIN number. Offline debit transactions are those that you process from customer using their MasterCard® and Visa® branded debit cards (many times referred to as check cards). These are processed like traditional credit cards.

Equipment and Scalability

You’ve got choices with Cornerstone. They offer EMV-compatible standalone units, network and PC-based terminals, mobile, smart phone and tablet options, simple to complex point-of-sale systems, online shopping cart options, and more. They're also compatible with many third-party integrated systems.  Whether you are a sole proprietor or a large, multi-location retailer, Cornerstone can help.

Mobile Processing

Now you can accept credit cards through your smart phone or tablet. Cornerstone offers multiple solutions and helps make the process simple and convenient to use. Accepting payments at the time of service saves you time and money.

Internet Processing

Do you need an online answer for accepting electronic payments? Have a website and want to add shopping cart access? Cornerstone provides the solution. Just enter your transactions via the Internet wherever you are, at your business, your home, from your laptop, or at a client's office or trade show. Virtual Terminal turns your existing PC with Internet access into a go-anywhere credit card terminal. Anywhere you have online access, you can accept credit cards. Already have a website and want to add a shopping cart feature? Cornerstone easily integrates with most popular software products and web URL sites. If you already have a website and want to add a shopping cart, Cornerstone easily integrates with most popular software products.

Check Services

• Check Recovery Service: Cornerstone provides a commission-free check collection recovery service to all of our credit card clients at no cost. Because Cornerstone represents many Alaskan businesses that accept checks, we are able to utilize our internal systems to locate bad check debtor accounts quickly and effectively.
• Standard Check Guarantee: Accept checks from all US territories and Canada; enjoy the highest approvals in the industry, and it takes only seconds to get it; 24 / 7 customer service; simple claim submittal. Standard check guarantee delivers all of this at affordable rates.
• Check Conversion with Guarantee: This service allows paper checks to be converted to an electronic funds transfer, or EFT, at the point-of-sale. The information on the check is automatically captured and prepared for automatic submission to the ACH, saving you a trip to your financial institution. And along with it, enjoy the safety that check guarantee provides.

Gift and Loyalty

Increase business and build relationships with your customers by offering gift cards and loyalty programs. Cornerstone has a robust selection available for merchants to choose from. Gift cards are one of the most popular gifts to give on all occasions throughout the year. Studies consistently show that gift card users tend to purchase far beyond the value of the gift card.

Already have a gift card program? Cornerstone can help you expand it to generate even more revenue through email marketing, virtual cards, mobile marketing, and customer campaigns using preset rewards cards or mystery cards to drive in extra business for holidays, special store events or location openings.

Loyalty programs can increase your business by encouraging customers to come back again and again for specific goods and services. Good loyalty programs help create long term customer relationships. These programs can be operated through specific cards or through specific software solutions that can push text messages of special store sales and events to your customers.

Business Depository Services

If your business routinely handles high volumes of cash and checks, Alaska USA has several convenient options and free depository supplies for you make your business deposits.

Remote Business Deposit Capture — Eligible business members can deposit checks through a personal computer and scanning device at their convenience.
There is a monthly fee of $35 for this service.

Drop boxes — Available at most branches, drop boxes are great option for members who want to avoid waiting in line, and do not immediately require a receipt.

Inside the branch — Any Alaska USA branch can take your deposit and provide you with a receipt.

Intelligent deposit — Make cash and check deposits at any time, with on-screen verification and check images printed on your receipt*. No envelopes or deposit slips needed.
*Limit 30 checks or bills per batch

Mobile deposit — If your business is depositing less than $5,000 a day, with a maximum of 10 checks, you may use the Alaska USA app to make your deposits.

Positive Pay — Business Members can manage their issued checks through this automated fraud prevention tool.
There is a monthly fee of $75 for this service. Other fees may apply.

Business Visa Debit Card

An Alaska USA Business Visa® Debit Card gives you a secure and convenient way to manage your business purchases worldwide.

Features

• Accepted online and at hotels, restaurants, and retail locations worldwide.
• Track your business spending with online access for business.
• Transfer funds to and from business checking at designated ATMs.
• Withdraw cash from any one of 55,000+ surcharge-free Alaska USA or Allpoint ATMs worldwide.
• Have recurring business payments deducted from your checking account.
• Provide cards to multiple employees who are authorized signers on your account.

• More secure than checks or cash thanks to an EMV smart chip to protect against fraud, contactless payment to keep your information secure, and the ability to turn your card off or on if it’s misplaced.

Overdraft Protection

If you have ever overdrawn your checking account, you've experienced the embarrassment, inconvenience, and expense of bounced checks. You can protect yourself and your credit record by establishing overdraft protection on your Alaska USA checking account

You can designate either a savings or money market account or a credit line loan with the same account number as your checking account. Then, if you overdraw your checking account, the overdrawn amount will be transferred from the designated account.

Record keeping is easy because you receive a notice whenever overdraft protection has been activated.

Fees
Any overdraft transfer amount that is $5.00 or more will incur a $5 overdraft fee.

Transfers from a credit line loan will be rounded up to the nearest $100 amount that is sufficient to clear the overdrawn checking account balance There is no charge for the first three transfers per calendar month from a credit line loan; however, there is a $5 fee for each additional transfer.

There is no limit to the number of overdraft transfers from a credit line loan.