Lehi, Utah, and Columbus, Ga., March 31, 2015 — ProPay, a TSYS company, announced today that it is launching ProFac Express — a suite of services designed to simplify and enable payment facilitators with aggregation and traditional payment processing services. With a long-standing and proven track record in supporting merchant aggregators, ProPay is uniquely suited to support the needs of software developers, service providers, online marketplaces and other businesses in need of merchant aggregation.
ProPay provides payment facilitators with not only secure payment processing solutions, but also with all the services necessary to operate a successful payment facilitator model without the hassle of aggregating in traditional processing environments. With online applications for instant boarding, split settlement, accounting and merchant funding, ProPay‘s solution is truly comprehensive.
“While other companies sponsor and process transactions for payment facilitators, this is often their only service – they provide a software platform and tools, but they do not allow the payment facilitator to be involved in the decision-making processes at the sub-merchant level,” said Mike Cottrell, vice president of sales at ProPay. “ProPay’s ProFac Express lets payment facilitators take immediate advantage of our industry-leading transaction processing platform – including online application, instant boarding, underwriting and more – while also empowering them to play an active role in the processing and client-service relationship .”
"As the payment-facilitator market continues to grow and mature, ProPay is well-positioned to provide merchant services to payment facilitators," said Dave Duncan, president, ProPay. "It is a dynamic period in the merchant acquiring industry with new online marketplaces and software providers changing the way merchants obtain their payment processing services. We are excited to introduce our ProFac Express into the market to expand our distribution channels."
ProFac Express Benefits:
About ProPay Since 1997, ProPay has provided simple, secure and affordable payment solutions for organizations ranging from the small, home-based entrepreneur to multi-billion-dollar enterprises requiring complex payment solutions. ProPay’s ProtectPay platform provides software integrators, payment facilitators and SaaS providers with all the tools necessary to easily implement payments processing. As a leading provider of complete end-to-end payment security solutions, ProPay helps reduce the client organization’s risk of sensitive payment data compromise. ProPay is the recipient of the prestigious 2010 ETA ISO of the Year award. ProPay is a wholly owned subsidiary of TSYS (NYSE: TSS) and is a leader in payment data security. For information, visit www.propay.com or call 888.227.9856.
About TSYS At TSYS, (NYSE: TSS), we believe payments should revolve around people — not the other way around. We call this belief People-Centered PaymentsSM. By putting people at the center of every decision we make, TSYS supports financial institutions, businesses and governments in more than 80 countries. Through NetSpend, a TSYS Company, we empower consumers with the convenience, security, and freedom to be self-banked. TSYS offers issuer services and merchant payment acceptance for credit, debit, prepaid, healthcare and business solutions. TSYS’ headquarters are located in Columbus, Georgia, with local offices spread across the Americas, EMEA and Asia-Pacific. TSYS provides services to more than half of the top 20 international banks, and has been named one of the 2015 World's Most Ethical Companies by Ethisphere magazine. TSYS routinely posts all important information on its website. For more please visit us at www.tsys.com .
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Source: Company press release.
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