News from the Wire

Constellation Payments, Vantiv partner on payfac services

Thursday, March 16, 2017 — 12:09:45 (EDT)

Hatboro, Pa., March 15, 2017 -- Constellation Payments, a leading gateway and merchant services provider specializing in integrated payment processing solutions for software applications, today announced that it has entered into a strategic agreement with Vantiv, a leading payment processor, to deliver payment facilitator services to Constellation Payments clients.

Through the new partnership, Constellation Payments clients can now apply to register and operate as a payment facilitator utilizing Constellation Payments’ proprietary payment gateway and Vantiv’s complete payment facilitator solution.

The payment facilitation model continues to gain popularity as it greatly simplifies the merchant account enrollment process. Instead of requiring merchants to have their own merchant account, once approved, merchants are boarded and funded under the payment facilitator’s master merchant account.

This model radically improves efficiency for both the approved payment facilitator and its sub-merchants – often times transforming an extensive underwriting process of a few weeks to a few hours.

“I’m extremely enthusiastic about this new collaboration,” said Steven Pinado, CEO of Constellation Payments. “As a global, omni-channel payment services provider, it’s our mission to continue to diversify our offering and deliver payment solutions that support optimal business productivity. The payment facilitation model improves operational efficiencies through streamlined onboarding, flexibility in settlement and funding options.”

Founded in 2012, Constellation Payments has quickly become a trusted payment technology and support partner to point of sale (POS) software providers representing a wide variety of verticals – including government entities, municipalities, moving and storage, club management, attractions, fitness, martial arts, event registration and hospitality management. The company is unique in that it hosts its own proprietary payment gateway and offers a full suite of integrated payment solutions including competitively-priced merchant processing accounts, recurring billing, tokenization, integrated EMV terminals, convenience fee logic and hosted payment pages.

Additionally, Constellation Payments continues to expand its global payment processing footprint. Presently delivering services in the US, Canada, Europe, United Kingdom, Mexico, Australia, New Zealand, Philippines and Malaysia, the company plans to soon expand into the Middle East and South America.

ABOUT VANTIV, INC. Vantiv, Inc. is a leading payment processor differentiated by an integrated technology platform. Vantiv offers a comprehensive suite of traditional and innovative payment processing and technology solutions to merchants and financial institutions of all sizes, enabling them to address their payment processing needs through a single provider. Vantiv is the second largest merchant acquirer and the largest PIN debit acquirer based on number of transactions in the US. For more information, visit vantiv.com .

ABOUT CONSTELLATION PAYMENTS Constellation Payments is a leading gateway and merchant services provider with special expertise in software integration and recurring transactions. By investing in building a state-of-the-art infrastructure, and partnering with best-in-breed vendors, the company has become a trusted, single-source payment technology and support partner to software companies, franchisors, direct sales organizations, and large merchants throughout the US, Canada, Mexico, Australia, New Zealand, the UK, the EU and Southeast Asia. Constellation Payments offers a range of payment processing solutions from competitively-priced merchant accounts and recurring billing solutions, to hosted payment payments and payment gateway services. For more information, visit Constellation Payments.

The Green Sheet Inc. is now a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals. Click here for more information: bankcardlife.com?orid=33533&opid=1 .

Source: Company press release.