Paynuity was established in 2019 by a team of payments executives with decades of experience in card processing, data security, IT and financial technology. By fostering interconnectivity among merchants, payment facilitators and ISOs, banks, payment acquirers and other fintech endpoints, the company facilitates seamless digital commerce, according to Paynuity Co-founder, CEO and CIO Ron Moses.
"Paynuity is a full-service payments processor uniquely positioned as a central point of payments to more than 58 different payment networks and card brand associations to globally provide plug-and-play solutions for issuers and acquirers," Moses said. "Our unique white-label software platform combines merchant services, loyalty and reward redemption, digital banking, payroll and bill pay services, digital card issuance for expense and commission payments, and customized credit and lending services to merchants and ISOs, all in one application."
Moses further noted Paynuity's payment switch and gateway services platform enables direct-to-bank settlement for peer-to-peer and merchant-to-merchant transactions and other vertically integrated solutions. He also mentioned that Paynuity offers the following features and benefits:
Reflecting on recent milestones, Moses mentioned SWEEP POS, launched in the first quarter of 2023. It is a scalable payments and business management platform designed to support large and small businesses. In addition, he noted, Paynuity partnered with FlexCharge in November 2022, a leading payment declines recovery provider. Integrating FlexCharge's technology into the Paynuity platform has helped merchants reduce payment declines, increase revenue and improve customer loyalty, he added. "Paynuity offers a wide range of services," he said. "In addition to traditional credit and debit card processing, we also offer ecommerce solutions, including a user-friendly platform for online sales, mobile payments and a virtual terminal. Our fraud prevention tools help businesses improve security and mitigate risk."
Citing Paynuity's partnership and referral programs as a key differentiator, Moses said the company offers a variety of programs that allow ISOs and merchant level salespeople (MLSs) to earn money by referring leads or by becoming resellers. Additionally, Paynuity provides marketing and business development support to help ISOs and MLSs grow their businesses, he added. "We are fully compliant with industry regulations and have strict security protocols in place to protect data," he said. "This gives ISOs and MLSs peace of mind knowing that they are working with a company that is taking the necessary steps to protect them and their merchant customers."
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