linked2pay, a provider of ACH and credit card payment solutions, has introduced a new solution called, Bank Centric Payments.
The platform designed to target financial institutions that prefer the ‘rent’ versus ‘buy or build’ options when it comes to payments technology.
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It is a white labeled solution platform (SOA) that seamlessly delivers the tools and access layers for banks to easily deploy, provision and manage low cost, feature-packed payment (card and ACH) solutions out to resellers and merchants (SMB and enterprise), the company said.
The administration tools are delivered via an intuitive interface and includes a library of APIs that provide a versatile building block approach for payment process automation, linked2pay added.
The platform rapidly deploys a fully white labeled solution and positions bank to underwrite and control access and limits.
Its unique aspects include on-off control of solution options by merchant; bank control over service levels (options and pricing); and ACH file delivery to bank as ODFI or third party (ODFI).
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By GlobalDatalinked2pay CEO Robert McShirley said: "Bank Centric Payments leverages our proven, robust payments platform as a white label with the tools and access layers that make it easy and cost effective for a bank to provision low cost, feature-packed payment (card and ACH) solutions out to resellers and merchants (SMB and enterprise) in a secure and harmonized way."
