Page 42 - GS170801
P. 42

NewProduct





                                                               parameters facilitate customer management, subscription
                                                               management and metadata storage capabilities, according
                                                               to  Payroc.  "We  wanted  to  create  a  development  portal
                                                               that even a junior developer can easily use and navigate,"
                                                               Poulson stated.

                  Company: Payroc LLC                          Value-added, value-driven
                  Product: iTransact Gateway                   Poulson said Payroc's relationships with merchants and
                  Website: www.payroc.com                      partners reflect its five core values of pricing clarity,
                  Contact: info@payroc.com                     exceptional service, trusted advice, personal relationships
                                                               and integrity in the following ways:
        Geared for stable,                                        •  Commitment to merchants: Payroc sales agents
                                                                     and relationship managers are Certified Payments
                                                                     Professionals (CPPs), to provide merchants with
        integrated ecommerce                                         secure, appropriate, EMV-enabled solutions and
                                                                     transparent, interchange-plus pricing.
        and payfacs                                                  "We are committed to providing pricing clarity to
                                                                     make sure you have a proper understanding of all
                                                                     payment processing costs," company representatives
                                                                     stated. "Interchange plus pricing clearly shows the
                 ayroc LLC added the iTransact payment gate-         actual costs of card issuer interchange and card
                 way to its technology suite, expanding its line     brand assessments and fees, which represents the
                 of integrated, ecommerce gateway and mobile         major portion of your card acceptance fees."
        P POS solutions for micro, small and midsize mer-
        chants. Payroc acquired the assets of iTransact Group LLC    Additional interchange management features enable
        in 2016, and stated the two enterprises share a commitment   business owners to maintain the lowest possible costs,
        to exceptional service, technology and transparency. The     Payroc noted, adding that its merchant statements are
        iTransact gateway will power Payroc's payment facilitator    easy to understand because they do not have complex
        program, company representatives said.                       fee structures or hidden charges.
                                                                  •  Commitment to partners: The company's interest in
        Payroc, a registered ISO of Fifth Third Bank and Wells Fargo   building fulfilling, sustainable relationships is driven
        Bank N.A., said it processes nearly $3.5 billion annually on   by a belief that people do business with people. This
        the First Data Corp., Vantiv and Moneris platforms. James    belief, combined with the company's core values,
        Fahey, Sales Director at Payroc, has been with the company   helps Payroc and its extended family of employees
        since its inception in 2003. "In our small office, everyone   and  sales channel partners  identify, acquire  and
        knew each other's clients," he recalled. "Even today, we     retain more merchant accounts, the company stated.
        haven't lost that touch." Jared Poulson, Chief Technology
        Officer at Payroc, added, "iTransact also grew organically.   In addition to fostering long-term relationships with
        We began by focusing on certain verticals, customizing       each  of its  partners and  employees,  Payroc invests
        payfac offerings for specific companies."                    in each of its payment professionals as part of its
                                                                     commitment to  provide  lifetime  monthly  residuals
        Simple integration, API                                      and  long-term financial security.  Payroc said  it
                                                                     provides its CPPs with personal support and a stable
        Poulson noted that iTransact developed a virtual terminal    foundation to help them succeed and win more
        in 1994 and has been providing end-to-end merchant           business.
        solutions  for more  than 20  years.  In addition to custom
        gateway services, iTransact provides mPOS, ecommerce,        The   company's   enhanced    support   services
        standalone and integrated POS, and traditional merchant      were created to ensure that each of its payment
        solutions, including recurring billing, EMV (Europay,        professionals achieve the highest available levels of
        Mastercard and Visa), electronic check and automated         payments industry education, training and support
        clearing house (ACH) payment processing.                     to help them excel as trusted advisers of iTransact
                                                                     and Payroc.
        The iTransact RESTful application programming interface
        (API) is compatible with most merchant accounts and    "We don't want just salespeople; we want payment
        designed to be easily integrated into nearly any software.   professionals who establish personal relationships,"
        The iTransact API uses advanced tokenization methods   Poulson said. "We offer long-term career development and
        to securely process payment card and ACH transactions.   partnership in a relaxed and fun team environment, which
        Unique API keys enable managers and developers to      is why so many payment professionals refer to themselves
        securely log in to the gateway control panel. Additional   as Payroc 'lifers.'"

        42
   37   38   39   40   41   42   43   44   45   46   47