TriSource Solutions Introduces First End-to-End Merchant Aggregation Processing Solution During ETA

Innovative Platform Provides Full Range of Capabilities Customized for Payments Service Providers and Payments Facilitators

2013 ETA Annual Meeting

BETTENDORF, Iowa--()--TriSource Solutions, LLC today announced the first comprehensive merchant acquiring platform specifically for Payments Service Providers (PSPs) and Payments Facilitators (PFs). The company launched its new merchant aggregation services during the Electronic Transaction Association (ETA) Annual Meeting and Expo in New Orleans.

Aggregation is growing in popularity as an acquiring model that reduces friction during the sub-merchant setup and onboarding process and offers greater flexibility in pricing, funding and overall management.

The TriSource aggregation acquiring solution includes everything expected with a traditional acquiring offering, including authorization, settlement, sponsorship and a complete sub-merchant operations portal, plus sophisticated systems designed to handle the unique needs required by merchant aggregators. The platform includes:

Easy On-boarding:

  • A lightweight sub-merchant application
  • Simple but effective underwriting process
  • Instant, automated boarding to all necessary systems

Total Sub-merchant Control:

  • Settlement and reconciliation to the sub-merchant bank account
  • Collection of fees
  • Risk monitoring and management, with robust control of funding
  • Sub-merchant statements and online access

While several companies offer acquiring services for aggregators, none include all the specialized capabilities for managing at the sub-merchant level. Until now, aggregators had to invest massive resources to build internal systems for monitoring sub-merchants, managing transaction risk and funding sub-merchant bank accounts outside of the standard payment process.

“The TriSource solution saves time and money over the build-it-yourself approach,“ said Henry Harp, managing partner of TriSource Solutions. “The increased functionality of our merchant acquiring platform can get PSPs and PFs up and running in record time. It also offers companies the ability to customize their services by choosing only the tools they require.”

TriSource engaged Rich Consulting and Double Diamond Group on the project. The two consultancies have worked with more than 40 aggregators, banks, acquirers, ISOs, MSPs, card brands and SaaS developers, helping large and small clients implement the payments aggregation model.

“TriSource saw the growing demand for capabilities that weren’t readily available, and they quickly responded to the needs of the marketplace,” said Deana Rich, president of Rich Consulting, Inc., a specialist in risk management and compliance for acquirers. “The TriSource platform makes it easier, faster and more affordable to implement an aggregation acquiring model.”

“It was only a matter of time before someone recognized the needs of payments aggregators and TriSource was quick to develop a robust end-to-end solution,” said Todd Ablowitz, president of Double Diamond Group LLC, a payments industry expert specializing in emerging trends.

About TriSource Solutions

TriSource Solutions, LLC is a leading processor of electronic payment services in the United States, operating its own proprietary Merchant Accounting and Settlement system. Sponsor Banks, Independent Sales Offices, Agent Banks, Independent Sales Agents and Agent Offices all choose TriSource Solutions for cost effective and highly flexible processing services, anchored by a corporate commitment to exceptional customer service. TriSource provides merchant customer service, risk management, clearing services, full chargeback processing, residual reporting, along with authorization services and bin sponsorship through TriSource Partners. For more information about TriSource Solutions, please visit www.TriSourceSolutions.com.

Contacts

TriSource Solutions, LLC
Mike Cottrell
480-628-8512
mcottrell@trisourcesolutions.com

Release Summary

Payment Service Providers and Payment Facilitators how have a full-service acquiring platform for merchant aggregation. TriSource Solutions launches first-of-a-kind tools for managing sub-merchants.

Contacts

TriSource Solutions, LLC
Mike Cottrell
480-628-8512
mcottrell@trisourcesolutions.com