Merchant MasterCard/Visa Program

Thank you for your interest in First National Bank in Ruidoso's merchant Mastercard/Visa program. All of our merchants are Electronic Draft Capture (EDC), which means deposits flow into a checking account at FNB on a transaction basis.

All of your merchant needs are handled in Ruidoso. Our network processing system is VisaNet.

The discount rate will be collected on a monthly basis. A merchant’s discount rate will be determined by First National Bank upon completion of interview.

It is necessary to provide First National Bank with a current financial statement or a copy of the last tax return. Corporations will need to furnish a copy of their articles of incorporation, and corporate resolution, along with current financial information. Upon approval, set-up time is approximately 2 weeks after application is received.

Features:

• 24-Hour turnaround on deposit of funds - any batch transmitted is deposited to your account the following business day.
• All supplies are provided free of charge to our merchants at both branch locations.
• No monthly hidden costs. All fees are outlined to merchant prior to service setup.
• All applications are approved at First National Bank by our officers, who are familiar with local businesses.
• Merchants may call First National Bank for all questions and concerns, and avoid dealing with out-of-state companies.