Miami-based Unified Payments, a subsidiary of Net Element Inc. since 2013, earned the No. 1 spot on the Inc. 500 list of America's fastest growing companies in 2012. Today the fast pace continues with tech-driven, value-added innovations. Most recently, Same-Day ACH (automated clearing house) payments became an option on its gateway for the benefit ecommerce and card-not-present merchant clients.
"Tapping into the ACH network creates a valuable alternative for many merchants who need eCheck processing, along with taking credit cards," said Vlad Sadovskiy, President of Unified Payments. "Additionally, NACHA rules have evolved and Same Day ACH is offered by Unified Payments. We continue to offer the fastest funds availability to all of our merchants regardless of the payment methods they choose to utilize."
Since Net Element's acquisition of PayOnline in 2015, the online payment platform serving millions of consumers and thousands of merchants across Europe and Asia has undergone a beta launch in the U.S. market guided by Unified Payments, with full release slated in 2018.
"With the entrance of PayOnline in the United States and getting certified here with direct processing relationships, we will finally be a global gateway from component to the entire business," Sadovskiy said. PayOnline offers plug-in capability compatible with most popular shopping carts.
Also on the horizon and expected to be implemented by Q2 2018, Unified Payments was approved as a payment facilitator, which will further unify systems. "It will entail a few things," he said. "Number one, it will include our PayOnline gateway on the front end. Number two, it will include an omnichannel environment where by design it will be able to process card-present retail or restaurant, as well as card-not-present aggregated transactions."
Unified Payments employs an in-house team of about 30 developers, a considerable achievement for a midsize ISO. "The team currently covers the development of smart terminal applications and our internal Sales Central system, which can combine and aggregate individual portals," Sadovskiy said, which means sales partners can manage multiple residual streams within one portal.
He noted that partners can manage residual streams from outside sources through Unified Payments' portal at no charge. In addition, the company subsidizes ISO partner business development and has created a lending program for anyone who qualifies.
"We've created a program that we internally call ISO Incubator," Sadovskiy said. "You can start as an ISO with us, and you could start it from the agent level, and become a full direct processor through TSYS, and have front and back end controls all the way down. When it's time to sell, we can accommodate the conversions for you, and you get the maximum amount of money."
The company also offers a true rent-a-BIN (bank identification number) program for qualified ISOs interested in registering and having portability built in.
Development of smart apps for Android, iOS and Windows devices is ongoing. "We believe that the business of tomorrow is going to be conducted on smart terminal devices," Sadovskiy said. "We've Chosen Clover Mini, Clover Flex and Poynt to be those devices. We created a multi-POS offering, a cluster board of three different systems."
As a certified developer for Poynt Co., Unified Payments has developed several apps for the Poynt Apps Marketplace, including gift card and other value-added programs. For added flexibility its Window's-based Aldelo and iOS-based Aptito smart POS systems are popular with merchants. Merchants can actually test a POS system for 90 days and if not completely satisfied make an exchange for another system Unified offers, he added.
Unified Payments also rewards ISO partner achievements. "The most successful ISO of the month can come and visit us, meet with executives and have a nice mini vacation on us," he said. With a Miami vacation on the line, motivating agents to board new merchants is seldom an issue for Unified Payments' partners.
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Company Profile originally appeared in
The Green Sheet Issue 180101
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211102 - Kalamata Capital Group
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200601 - Delta Payment Solutions
190802 - Credit.net, a division of Infogroup
190702 - Samsung Electronics America Inc.
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180902 - MainStream Merchant Services Inc.
180801 - Century Business Solutions
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170702 - Active Software & Hardware Systems
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170501 - Platinum Choice Bancard LLC
170201 - Electronic Payments Inc.
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161101 - Residual Sheriff LLC.
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150502 - Global Processing Systems
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150302 - Signature Card Services
150301 - Premier Payment Systems Inc.
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140601 - Total Merchant Services
140501 - Nationwide Payment Solutions
140501 - BPC Banking Technologies
140301 - Meritus Payment Solutions
140201 - Process Pink Payments LLC
131202 - First American Payment Systems L.P.
131102 - Evo Payments International LLC
131001 - Live Reps Call Center
130901 - Regal Payment Systems LLC
130901 - The Merchant Solutions
130802 - North American Bancard LLC
130801 - Payment Logistics LLC
130702 - Plug n Pay Technologies Inc.
130601 - U.S. Merchant Systems LLC
130402 - National Processing Co.
130202 - Charge Card Systems Inc.
130202 - Layered Technologies Inc.
130102 - Glazer_Kennedy Insiders Circle LLC
121202 - American Microloan LLC
121102 - Keep in Touch Systems Inc.
121102 - Merchants Choice Payment Solutions
121002 - Washington Bancard Merchant Services LLC
120902 - Central Payment Co. LLC
120802 - Royal Merchant Holdings LLC
120801 - National Benefit Programs LLC
120602 - Cardinal Commerce Corp.
120601 - Veritrans Merchant Services LLC
120502 - ExecuTech Lease Group
120502 - The Small Business Authority
120402 - Chargeback Guardian Inc.
120401 - Electronic Payment Exchange
120301 - Complete Merchant Solutions LLC
120201 - CSR - Compliance Solutions and Resources
120102 - Alpha Card Services Inc.
111002 - Lead Source Call Center
111001 - First Annapolis Consulting Inc.
110902 - Point of Sale System Services Inc.
110901 - Sage Payment Solutions
110801 - Century Payments Inc.
110702 - Creative Vision Studio LLC
110702 - Network Merchants Inc.
110701 - Capital Access Network Inc.
110602 - eProcessing Network LLC
110602 - Moneris Solutions Inc.
110502 - Paragon Application Systems Inc.
110401 - Merchant Implementation Services
110301 - FrontStream Payments Inc.
101202 - CheckAlt Payment Solutions
101102 - Impact Payments Recruiting
101101 - Global Electronic Technology Inc.
101002 - TriSource Solutions LLC
100802 - Federated Payment Systems LLC
100801 - Voltage Security Inc.
100601 - NETSURION (formerly Vendor Safe Technologies)
100502 - Transaction Network Services Inc.
100402 - Secure Payment Systems Inc.
100401 - Elite Merchant Solutions
100302 - Retail Decisions Inc.
100102 - Payment Alliance International
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091101 - Merchant e-Solutions Inc.
091002 - Whitehall Capital Advisors LLC
090901 - CoCard Marketing Group LLC
090801 - First National Merchant Solutions
090701 - checXchange Money Transfer Systems Inc.
090601 - Sterling Payment Technologies
090502 - Infinity Payment Systems
090501 - Merchant Cash and Capital
090401 - UseMyBank Services Inc.
090401 - Data Delivery Services Inc.
090302 - Velocity Merchant Services
090302 - Metro Merchant Services
090301 - Smart Transaction Systems Inc.
090301 - DCC Merchant Services USA LLC
090202 - TransFirst Holdings Inc.
090201 - ACH Payment Solutions
081202 - Affirmative Technologies Inc.
081201 - On-line Strategies Inc.
081101 - Vision Payment Solutions LLC
081002 - Veratad Technologies LLC
081001 - International Merchant Solutions LLC
080801 - GreenSoft Solutions Inc.
080702 - Smart Circle International
080601 - International Bancard Corp.
080502 - DRG Telemarketing Inc.
080501 - BCC Merchant Solutions
080402 - U.S. Merchant Systems
080401 - Greystone Business Resources Corp.
080302 - Transmedia Payment Services Ltd.
080102 - Sonoma Technical Support Services
071202 - Barclay Square Leasing Inc.
071102 - FirstView Financial LLC
071001 - Sage Payment Solutions
070902 - YourTownMall Business
070901 - Nxgen Payment Services
070802 - All card Processing-AAMonte-USA
070801 - Money Movers of America Inc.
070602 - Central Point Resources Inc.
070601 - Positive Feedback Software LLC
070502 - Premier Payment Systems
070501 - Amacai Information Corp.
070402 - National Bankcard Systems