SAN FRANCISCO--(BUSINESS WIRE)--ProPay®, a TSYS® company, today announced the launch of the ProPay Payment Network at SaaStr, an event that comprises thousands of SaaS global decision makers. The Payment Network is a robust suite of services that enables SaaS platforms to facilitate the movement of money globally between merchants, marketplaces, affiliates, consultants and partners with a single point of integration. The ProPay Payment Network allows platforms complete flexibility in how they fund their sub merchants. Platforms can also modify the Payment Network to fit their business.
“We are thrilled to introduce the ProPay Payment Network to the SaaS community,” explains Dave Duncan, President of ProPay. “Now by leveraging ProPay’s Payment Network, SaaS platforms can create sophisticated payment ecosystems that support their unique payment strategies.”
The ProPay Payment Network provides many benefits, including:
- PCI compliant payment processing designed for SaaS platforms and payment facilitators
- Affiliates get paid how they prefer—global EFT, wire or debit or prepaid card
- Handles corporate commissions funding and real-time or expedited transfers
- Customized branding and web portal with white label option (multiple languages)
- Improves shopping experience, giving customers the ability to pay for goods in their preferred currency
- Transfer money to vendors or suppliers in real time, as soon as a transaction is made
- Available in 130 currencies across 180 countries
“The ProPay Payment Network helps platforms and merchants capitalize on the movement of funds amongst participants,” says Mike Cottrell, Senior Vice President of ProPay. “You work with one company to bring funds into the platform through our acquiring processing; then using a set of sophisticated API’s, we enable our partners to disburse funds to the appropriate party. We’ve been facilitating payments for decades, and these enhancements further our leadership in this space. “
Since 1997, ProPay has provided simple, secure and affordable payment solutions for organizations ranging from small, home-based entrepreneurships to multi-billion-dollar enterprises requiring complex payment solutions. ProPay’s ProtectPay®platform provides software integrators, payment facilitators and SaaS providers with all the tools necessary to easily implement payment processing. As a leading provider of complete end-to-end payment security solutions, ProPay helps reduce the client organization’s risk of sensitive payment data compromise. ProPay is a wholly owned subsidiary of TSYS (NYSE: TSS) and is a leader in payment data security. For information, visit www.propay.com or call 888.227.9856.
TSYS® (NYSE: TSS) is a leading global payments provider, offering seamless, secure and innovative solutions across the payments spectrum — from issuer processing and merchant acquiring to prepaid program management. We succeed because we put people, and their needs, at the heart of every decision. It’s an approach we call ‘People-Centered Payments®’.
Our headquarters are located in Columbus, Ga., U.S.A., with approximately 11,800 team members and local offices spread across 13 countries. TSYS generated revenue of $4.9 billion in 2017, while processing more than 27.8 billion transactions. We are a member of The Civic 50 and were named one of the 2017 World's Most Ethical Companies by Ethisphere magazine. TSYS is a member of the S&P 500 and routinely posts all important information on its website. For more, visit tsys.com.