linked2pay Adds Real-Time Merchant Approval With Automated Onboarding to Bank Centric Payments

Participating banks sets approval criteria confirmed by data analysis for real-time approval and the improved delivery of payment solutions

OXNARD, Calif.--()--linked2pay, the platform provider of Bank Centric Payments, announced today that they have added automated merchant approval and onboarding. This removes a major barrier for acquirers and ISOs by greatly simplifying the option to add ACH and Remote Deposit Capture (RDC) for new or existing card merchants.

"The merchant approval process for payment solutions other than credit card has long been labor intensive and time consuming for acquirers, ISOs and their merchants. Our automated approval process remedies that by making it paperless and automatic. After clicking the button to submit their online application to the bank, an approved merchant will instantly get a welcome email with their access credentials and simple instructions to securely activate their account," according to Robert 'Jay' McShirley, CEO of linked2pay.

When a merchant registers online for bank payment solutions the information they provide is validated; if they score in accordance with the automated acceptance criteria (set by the bank operating as the (ODFI)-Originating Depository Financial Institution) they are approved and on-boarded. Merchants that score below the automated acceptance criteria set by the bank will be prompted to provide additional information, still in paperless form.

"This approach improves registration efficiency by providing the Know Your Customer (KYC) elements to financial institutions while enhancing merchant service delivery. It demonstrates the value of data integrated to a live registration, underwriting and onboarding process," says Bradley Blacker, director of alliance partners and integration at LexisNexis Risk Solutions.

The Bank Centric Payments platform improves the merchant onboarding process because unlike a paper application, the online registration process conducts real time applicant verifications. Merchants register online via risk management enabled forms that confirm the approval criteria to streamline onboarding.

"Our bank has a history of embracing technology, an example of that has been our commitment to more innovative bank payments processing. Our utilization of real-time merchant approval automation shows our trust in the application of technology and data analysis in improving payment solutions delivery in a meaningful way," adds Bart Murphy, Executive Vice President of Commercial Banking, Avidia Bank.

The company provides the following sites to provide information to banks, credit unions, acquirers and ISOs: and

About linked2pay

As a payments technology platform, linked2pay® provides services to deliver ACH, credit card and check payments automation. The company provides payment processing solutions for clients, banks, and channel partners. As the originator of Bank Centric Payments, linked2pay positions banks and their resellers at the center of innovation. The Company launched the first On-Demand check processing platform in 2002 and is a Gold Medal Winner for ACH innovation. Visit for further details.

Forward-looking Statements: This press release may contain statements of a forward-looking nature which represent our management's beliefs and assumptions concerning future events. Forward-looking statements involve risks, uncertainties and assumptions and are based on information currently available to us. Actual results may differ materially from those expressed in the forward-looking statements due to many factors. We undertake no obligation to update any forward-looking statements to reflect events or circumstances that may arise after the date of this release.


Richard McShirley, 805-886-0687

Release Summary

Real-Time Merchant Approval Automates Onboarding for Bank Centric Payments


Richard McShirley, 805-886-0687