Agreement
Express, the leading provider of total digital onboarding for
payment service and wealth management providers, today announced the
availability of Paya Services check and ACH offerings on the Agreement
Express Unified Application. The integration allows independent sales
organizations and independent software vendors to offer Paya Services
check and ACH products digitally with a unified digital application on
the Agreement Express platform, enabling them to increase the revenue
per client with a faster and more efficient digital workflow.
Payroc, a leading payment service provider with nearly $10 billion in
annual processing volume, has signed on as an early adopter. They will
be first to market with the new combined solution, providing both agents
and merchants with a simpler, more efficient application process. “Our
partners asked for a simpler way to enroll businesses to accept
electronic payments, so we partnered with Agreement Express to create
the simplest application possible,” says Ryan Hallett, chief revenue
officer for Payroc. “With the connection to Paya Services, our merchants
will only have to fill out one application to access all of our
offerings, plus with technology and automation in onboarding and data
security, our Payroc payment professionals, ISOs and ISV partners will
have more time to cultivate new relationships.”
Beyond digital forms and e-signatures, Agreement Express delivers the
tools ISOs and ISVs need to offer clients a simple customer onboarding
experience, moving applications and transactions through appropriate
workflows with robotic process automation, automated know your customer
and anti-money laundering due diligence, risk and underwriting
decisioning, and robust compliance controls on the back end. The result
is a simplified experience for merchants, and faster time to revenue for
ISOs and ISVs.
Paya Services’ check and ACH application is integrated into the
Agreement Express Unified Application, allowing merchants to sign up for
acquiring and ACH payments acceptance products with one, unified,
digital application and approval process. Offering more products
increases an ISO or acquirer’s processing volume, decreases portfolio
churn and increases competitiveness in the rapidly changing payments
industry.
With the release of Unified Application, ISOs and ISVs can now offer a
unified onboarding experience that includes the following Paya Services
merchant offerings:
-
POS Conversion (POP) – Safely accept and process checks electronically
at the point of sale with a check reader or an imager -
Check 21 – Accept all types of checks in a face-to-face or
consumer-not-present environment, using front and back check image as
a replacement -
Checks by Web (WEB) – Accept consumer-initiated payments online for
bill pay or e-commerce - Checks by Phone (TEL) – Accept and process checks over the phone
-
ACH Debit and Credit (PPD / CCD) – Process single or recurring ACH
transactions from consumer or business accounts
Tangible ISO and ISV benefits include:
- Faster time to revenue with digital application, workflow, and approval
-
Ability to increase transactions with a unified application for
multiple offerings - Optimized, best-in-class experience for digital payment acceptance
-
Simplified risk management with intelligent applications with
integrated compliance controls
“We are working with Paya Services to provide their partners with
elegant digital experiences,” said Peter Fitzpatrick, vice president
payments for Agreement Express. “As an early adopter, Payroc will use
our Unified Application technology to offer a truly simple enrollment
process, providing their partners and merchants with a single, digital
application for both acquiring products and ACH services.”
Representatives from Agreement Express, Paya Services and Payroc will
attend this week’s Electronic Transactions Association’s TRANSACT
19 conference at the Mandalay Bay Convention Center in Las Vegas.
Visit Paya Services at booth #2612 and Payroc at booth #3616 to learn
more.
About Agreement Express
Agreement
Express is the only complete client onboarding platform for
financial services. The Agreement Express platform allows financial
institutions to design and execute consistent automated onboarding
experiences across their product offerings and channels, while providing
deep analytics that enable proactive and personalized client advice. The
platform is the first of its kind to help top performing firms gather,
use, and reuse client data to improve and evolve rich customer
experiences. Agreement Express enables Fortune 500 financial
institutions around the world to provide best-in-class digital
onboarding to their clients and grow their business. For more
information about Agreement Express, visit agreementexpress.com
or connect with us on Twitter
or LinkedIn.
About Paya Services
Paya Services provides merchants with payment solutions to help them get
paid faster, increase efficiency and boost customer loyalty through our
check processing, ACH processing and gift and loyalty card programs. Our
seamless payments platform delivers easy-to-use technology to support
every stage of business growth, today and tomorrow. For more information
about Paya Services, visit paya.com
or connect with us on Twitter
or LinkedIn.
About Payroc, LLC
Payroc, headquartered in the Tinley Park suburb of Chicago, drives
commerce for its merchants with anytime, anywhere payment solutions.
Payroc serves its referral partners and merchant clients with integrity
as trusted advisors and recognized experts in payments, providing
transparent pricing clarity, and developing personal relationships while
delivering exceptional technology. Payroc services and supports more
than 30,000 merchants throughout North America, providing stability in
payments by safely and securely processing over $10 billion in annual
charge volume. The company is a full-service merchant acquirer, a
registered ISO of MB Financial Bank, N.A., Chicago, Illinois, a
registered ISO and payment facilitator of Fifth Third Bank, Cincinnati,
Ohio, and a registered ISO of Wells Fargo, Concord, California. For more
information, please visit payroc.com
or telephone 844-PAYROC-4 or follow us on Twitter
or LinkedIn.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190430006033/en/