Simplifying the adoption of payments as a service is critical for FIs to remain competitive in the future. A proper bank centric approach solves the problems and complexity of putting the systems in place for all parties in the payment process to access the tools and solutions they need in a scalable manner. A single, fully integrated platform can replace what would normally require three vendors and an integrations project in order to launch
Here is an article in BankNews about Bank Centric Payments.
Now banks and ISOs can add a secure payments platform (with a 100% white label option in minutes) with the tools and access layers to enable a bank to offer feature-rich payment solutions to ISOs & clients (SMB and enterprise) in a harmonized fashion. This platform also includes comprehensive administration tools delivered via an intuitive interface and/or a full library of APIs giving the bank a versatile building block approach for payment process automation.
Bankers should also know that Chargent, the leading payment processing solution on the Salesforce AppExchange, is integrated with the Bank Centric Payments platform powered by linked2pay.
Data security is of paramount importance to linked2pay. Our 15 year history of commitment to the controls that secure client data is further demonstrated by our successful completion of the Service Organization Control (SOC 1 Type II) audit.
The value of data integrated to a live registration, underwriting and onboarding process is a prime example of how solution providers can bring improved efficiency and KYC elements to financial institutions while enhancing the service delivery for their clients and reselling partners.