Web-based system TradeAuthority spent 6 years in the conceptual and developmental stages of the "ultimate" trade software system including the actual programming of code which began in the fall of 2008. The "QuikTrade Barter Management System went "live" in the spring of 2010. Since that time it has continued to have many enhancements and developments designed to enrich the trading experience of our users. Our goal is to make a trade transaction as easy and to use and immediate to process as any online banking, swiping a card, and/or a mobile app transaction. QuikTrade is a web-based system that utilizes both web, mobile, and swipe card technologies. A transaction can be conducted from any place where the internet can be accessed... even via smart phone. When the internet is not available, temporary means are provided to record that transaction until such time that "QuikTrade" can be accessed.
Swipe Card capable For restaurants, high traffic retail, and service locations, a TradeAuthority specific swipe card terminal can be installed that provides the user the experience of a typical "credit card" type transaction. These terminals are not connected through a merchant provider (no associated merchant fees or batch settlement processes) but have been designed to simply connect directly to "QuikTrade" through the internet, conducting a transaction in a simplified and quick functionality.
Mobile Applications and Processing tools TradeAuthority has recently released the development of it's QuikTrade Mobile Site/App that will not only allow users to process live and secure transactions directly from their mobile device with activated data service, but also tools to allow member account management and directory search of members with mapping capabilities linked directly to their device's GPS capabilities.
Management tools QuikTrade provides many management and control features for the staff of a local exchange. These controls allow the staff to constantly monitor member's balances, credit limits, accumulation limits and ultimately the health of the exchange as a whole. In turn, TradeAuthority is able to constantly monitor the exchange's balances, credit limits, accumulation limits, reciprocal balances, and ultimately the health of the nationwide system of TradeAuthority member exchanges.
Single Cash/Trade processing One of the highlights of QuikTrade is its capability to process the cash transaction fee in the same moment as processing the trade portion of the transaction. This is handled through a Cash Reserve Account (CRA), essentially a cash escrow account established, funded, and controlled by each member. This CRA also provides the capability for cash tips to accompany trade transactions for restaurants, salons, etc.
Gift Cards Members have the capability of buying Gift Cards with their trade dollars. These gift cards are only usable in selected locations within the exchange. This provides the member the ability to give those outside of the membership (their employees, customers, friends, etc.) a means of making purchases with trade dollars. This is often used as a means for members to reward customers and bonus or incent their employees.