ProPay, a US-based payment services provider owned by TSYS, has launched the ProPay Payment Network to allow SaaS platforms support money transfer between merchants, marketplaces, affiliates, consultants and partners through one integration point.
The PCI-compliant payment network facilitates real-time money transfer and supports 130 currencies.
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Affiliates of the network are given option to get paid as per their choice, be it global EFT, wire or debit or prepaid card. The network also manages corporate commissions funding and real-time or expedited transfers.
ProPay president Dave Duncan said: “We are thrilled to introduce the ProPay Payment Network to the SaaS community. Now by leveraging ProPay’s Payment Network, SaaS platforms can create sophisticated payment ecosystems that support their unique payment strategies.”
ProPay senior vice president Mike Cottrell added: “The ProPay Payment Network helps platforms and merchants capitalise on the movement of funds amongst participants. 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.”
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