Merchant Processing Services

Our Difference

We partnered with a leading processor of commercial card payments. Our Merchant Services partner pays less to process credit cards while delivering enhanced data.

What to Expect

1

Reduced costs with B2B programs and pricing.

2

The best interchange rates available.

3

Convenience from streamlined virtual card acceptance.

4

Customized technology that fits your business processes.

5

Easier management from Multiple reporting options .

6

Straight-through processing solutions to support buyer-initiated payments (BIP).

7

Enhanced e-Payables process flow.

8

Total control of accounts payable, receivables, and reconciliation.

9

Automation of enhanced data and elimination of downgrades.

10

Reduced risk and PCI-DSS compliance burden.

What is a Buyer-Initiated Payment (BIP)?

A Buyer-Initiated Payment (BIP), also known as straight-through processing (STP), is a business-to-business credit card transaction. BIPs do not require a point of sale terminal, hardware or software. You receive the payment as a direct settlement into your merchant account, along with an electronic notification of the payment.

Benefits

Enhanced data is received by both you and your customers
Easy integration with virtually all ERP and accounting systems
Cost savings through automation and elimination of manual processes
Secure payments

How it Works

Supplier-initiated payments (SIP) relies on the supplier to retrieve card information. That information is then keyed into a payment terminal by the supplier to ‘pay themselves’.

Buyer-initiated payments pushes the card payment directly into the merchant account, eliminating exception handling by the supplier.