News from the Wire

Payroc continues enhancing Worldnet Payments platform

Friday, September 30, 2022 — 12:51:17 (EDT)

TINLEY PARK, ILL. (PRWEB) SEPTEMBER 29, 2022--Payroc WorldAccess, LLC, (“Payroc”), a global payments leader, has enhanced and amplified their product suite deriving from its recent acquisition, Worldnet Payments.

Payroc acquired Worldnet Payments in April 2022, enveloping the powerful integrated payments platform into their own technology stack. Now, as part of recent developments, Payroc has enhanced its capabilities.

The Worldnet platform is now enabled on the PAX A920 Pro payment device as the Payroc App, as well as on a virtual terminal and hosted payments page. This will allow customers to accept payments in-person, by phone, and online – as one integrated solution.

Along with additional payment functionalities, Worldnet is newly compatible with Payroc Choice surcharging and dual-pricing programs. This expansion empowers customers to cut or eliminate their business’ payment processing costs. In addition, Payroc has enabled dynamic descriptors for their gateway transactions, which decreases chargebacks by more precisely labeling transactions on customers’ bank statements.

As a part of product developments, Payroc has also enabled Level 3 payment processing, which enables B2B customers to qualify for notably lower interchange rates and maximize savings.

“We have seen the value of the Worldnet platform and the team. The companies are coming together excellently to simplify and centralize our payment platform,” said Casey Conley, Chief Product Officer. “We are excited about the acquisition and are even more excited about what is to come for our partners in the near future.”

These latest developments enact a premium, omnichannel solution with more transparency in payments than ever. Partners, merchants and customers will experience a seamless payment experience, with any method of payment they choose.

Flexible payments stand as a focal point as Payroc continues to enhance the Worldnet platform and position it as its flagship technology with a future state serving the multinational market.

About Payroc:

Payroc WorldAccess, LLC is a high-growth merchant acquirer, processor, and payment integrations powerhouse processing more than $46 billion in annual payments volume in over 40 countries, for more than 125,000 merchants. Payroc WorldAccess, through its subsidiaries, offers best-in-class sales enablement and payment processing technology on a global scale by delivering proprietary, innovative, and full-service merchant acquiring solutions together with key card brand network payment sponsorship registrations. Payroc (through its subsidiaries) is a registered Visa third party processor, Mastercard third party servicer, payment facilitator and encryption support organization for Fifth Third Bank, National Association (“Fifth Third”), and in Canada is registered with Peoples Trust Company, Vancouver, Canada. To learn more, visit www.payroc.com.

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Source: Company press release.