Pivotal Payments, a leading provider of technology-driven global payment processing solutions, recently announced that it fully complies with Visa and MasterCard payment facilitator registration. Pivotal's payment aggregator platform, PayFac Connect now enables a full payment facilitation experience so software companies and organizations with clients requiring payment acceptance can rapidly, safely and easily integrate credit and debit card processing directly into their signup process.
Pivotal provides the technology and framework to easily enable sub-merchant payments so that clients do not need to open or maintain traditional merchant accounts. PayFac Connect aggregates transaction processing for an organization’s sub-merchants. It also manages the risks and responsibilities associated with the payment process, ensuring organizations meet card brand guidelines and comply with regulations for payment aggregation.
PayFac Connect enables seamless payments by activating payment processing immediately upon signing up for an organization's core service or platform. A real-time, API-driven onboarding or hosted enrollment process allows for faster time to market and ensures a smoother payment enablement experience. As a fully white labelled solution, clients see only the organization’s branding during signup, making the entire process frictionless. The innovative payment facilitator platform provides automated underwriting for fast-tracking approvals, while screening submissions with government agencies and financial crime data to identify potential fraud.
“Many software as a service providers, app developers, online marketplaces and platforms do not have the personnel, knowledge or background to become payment facilitators, yet can benefit from offering payments as a revenue-generating, value-added service,” said Tedd Huff, VP, Product for GlobalOnePay, Pivotal's global acquiring and technology division. “Becoming a PayFac also entails bearing the risks and oversight inherent with payment processing. Choosing a payments-as-a-service platform such as PayFac Connect minimizes costs, time and risk while maximizing the opportunity to profit from a direct payment acceptance solution.”
PayFac Connect’s dedicated portal offers full submission tracking, sub-merchant accounting with detailed transaction reporting and analytics, plus customizable user access levels. The all-in-one payment aggregation platform also integrates electronic self-service chargeback handling and sub-merchant bank account funding.
To view Pivotal’s infographic “Become a Payment Aggregator in 6 Easy Steps,” visit:https://www.pivotalpartner.com/FeedItem/How-to-Become-a-Payment-Aggregator-in-6-Easy-Steps-with-PayFac-Connect/
About Pivotal Payments
Pivotal Payments is a leading provider of technology-driven, end-to-end payment processing solutions. We service the global eCommerce, SMB acquiring and integrated payments (ISV) markets, enabling a wider range of payment acceptance solutions under one innovative platform. Backed by experienced people, cutting edge technology and effective processes, we strive to create meaningful growth for our clients, partners and employees across multiple geographies and industries. As a full-fledged merchant processor for all major card brands, plus a principal member of Interac and UnionPay International, we provide direct connectivity with the world's largest payment networks to power your success. For more information, visit http://www.pivotalpayments.com.
SOURCE: Pivotal Payments