Banks to Get Busier with Bank Centric Payments

By CIOReview | Monday, August 17, 2015
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OXNARD, CA: linked2pay, a major provider of Automated Clearing House (ACH) and credit card payment solutions has announced the launch of Bank Centric Payments. Some partner banks and resellers have already started deploying the solution.

Being a white labeled solution platform (SOA), it seamlessly delivers the tools and access layers for the banks to deploy, provision and manage lower cost and feature-packed payment (card and ACH) solutions out to resellers and merchants such as small and medium business enterprises. The solutions are delivered with comprehensive administration tools providing total control over the payment processes.

Users can enjoy one or more of the payment options such as online forms, mobile, email, virtual terminal, IVR, shopping cart emulation and checkout.

Some of the most important aspects of Bank Centric Payments are Rapid deployment, Positions banks to underwrite and control accessibility, Provides On-Off control of service to merchants, Banks’ control over service quality, ACH file delivery to banks from Originating Depository Financial Institution (ODFI) or third party, concurrent service to banks, resellers, Independent Software Vendors (ISVs) and merchants and finally offers itself as a replacement for ‘Sunset Solution’.

According to Robert McShirley, CEO of linked2pay, “Bank Centric Payments leverages our proven, robust payments platform as a white label with the tools and access layers that make it easy and cost effective for a bank to provision low cost, feature-packed payment (card and ACH) solutions out to resellers and merchants (SMB and enterprise) in a secure and harmonized way.”

The solution set for resellers also includes the tools to add and manage sales agents, manage 1099-K data, access integrated billing, maintain branding and more. Additionally, the linked2pay team provides sales and support for banks and resellers along with ongoing merchant support in a primary or back-up position.