Introducing Our New Merchant Application and Management System

Our new Merchant Application and Management System is ready to go and we have new solutions for merchants ranging from new/low volumes to high volume/higher risk with proven history. So you can now earn profit from even the smallest merchant

As an ISO, you are well aware of the lengthy process of applying for new merchant processing and how this affects your business and the Merchant. You also know how important it is to ensure application security, evaluate the future success and risk of your applicants, and how long it can take to approve or deny accounts.

Our new system, (built as part of our PCI Level 1 secure system) dramatically streamlines the Merchant Application process and shortens the approval time for both Agents and banks.

This new system allows you to input all your merchant data, follow the procedures and see the results. The system has integrated forms with multiple international banks and IPSPs so that each application that fits the banks criteria is electronically sent to the bank along with the backup documents and notes in the required format.

Now you can use this system that takes care of all your merchant application management issues and includes many features that help you provide the best service for your merchants.

Some interesting features in the new CRM Sales and Merchant Application System

So email us today at agents@paymundo.com

• You receive your own login to the system
• You can upload backup documents in the system
• You can include all your merchants data into the system
• You see the progress of the application with the bank
• You can review actual traffic statistics and commissions
• You have the option to add data input forms onto your site with our special link, so merchants can input their own data to start the process
• You get dozens of research materials, reports and useful memos on cardprocessing and solutions

We have solutions for all types of international processing. We want to chat with you and show how this system will improve your timelines, and increase your profitability.We have also completed our Bank Matrix, which provides you with a summary of our banking solutions, rates and types of business that you and your merchants can benefit from.

 

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The Main Players In The Credit Card Payments Industry – And Who’s Most Vulnerable To Disruption

The credit card industry is much bigger than just the credit card companies and the banks. There’s an entire ecosystem of payment processors, service providers, and would-be disruption from Silicon Valley fighting over the space. Recent report from BI Intelligence, we look at who’s jockeying for the fee bonanza generated by the the huge volume of credit card payments — total volume is about $US4 trillion this year in the U.S. alone, according to our estimates. But not every entity is well-positioned to grow its slice of this market, or defend itself from competition. Here is a glance at how the credit card transaction is processed: Here are some of our key findings:

• The credit card companies: They aren’t going anywhere for now. Visa and MasterCard will remain an indispensable part of the chain because they don’t actually process payments. They simply provide the rails that the credit card system runs on.
• Credit card processors: These are behind-the-scenes giants like First Data and FIS that actually do the nitty-gritty technical work of processing merchants’ credit card transactions on the back-end. Many are globally diversified, and they are also in a strong position.
• But other middle-men, known as Merchant Service Providers, are very vulnerable to disruption: There are literally hundreds or thousands of vendors known as merchant service providers, or MSPs. They help set businesses and retailers up to accept credit cards They are a weak link because new startups are selling easy-to-use payments hardware and software that is replacing and disinter-mediating them.
• Hardware providers, the companies that sell actual payment terminals, are also vulnerable. These are the makers of the actual payment terminal hardware — basically card readers and registers — that are used to physically accept card payments at stores. Their point-of-sale hardware faces an immediate threat from mobile devices.Mobile registers are cheap and easy to implement, they do not require consumers to adopt new behaviours, and they free up retailer space previously devoted to bulky hardware.
• But it’s not all doom and gloom yet for legacy MSPs, many of whom also sell hardware: They have existing relationships with the majority of merchants who accept credit cards and with banks. They also have established marketing channels and large sales forces. Plus, large MSPs are quickly moving to acquire new payments technologies to squelch the disruption threat.
• The banks, like the main credit card companies, are in a fairly strong position.They shoulder the financial risk and make sure that merchants and consumers are creditworthy, still an essential role.

Source: Business Insider Australia