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NewProduct
Company: paycosmos
connected to their merchant bank accounts. Approved
IMS merchants can set individual settlement thresholds
and schedules, according to their preferences, he added.
Raising the merchant services bar
McShirley additionally noted that Instant Merchant
Solution platform provider: linked2pay Settlement provides business owners with a consistent
merchant experience; the only difference is that they get
paid immediately. The credit card terminal, linked to
a merchant's bank account, enables continuous instant
settlement, he stated.
"We effectively connect card acceptance to the merchant
bank account," he said. "When a card payment is approved,
it triggers settlement for the merchant, which takes less
Product: Instant Merchant Settlement than a second and the funds are available in their account
Websites: www.paycosmos.com, www.linked2pay.com for withdrawal immediately."
Individual, group agent contact: ims@paycosmos.com Following a successful pilot, paycosmos became the first
ISO partner contact: partner@linked2pay.com ISO to offer IMS, McShirley said. He cited the program's
seamless onboarding process and outstanding customer
support as additional benefits. "linked2pay has brought
together everything acquirers need to board a merchant
Instant merchant and provide them with IMS," he said. "The linked2pay
gateway is configured to support the program, which ISOs
can configure according to their merchants' individual
settlement for ISOs, requirements."
agents, resellers linked2pay's transparency and excellent support was
evident throughout all phases of the rollout, McShirley
noted. "Their dedicated team of experts helped us deploy
IMS as an option for our merchants and continues to be
xnard, Calif.-based paycosmos launched responsive to our needs," he said. "The feedback we've
Instant Merchant Settlement (IMS), a solution received from our merchants has been exceptional."
designed to provide business owners immedi-
O ate access to credit card funds. Powered by
technology provider linked2pay, the software-as-a-service
solution facilitates instant settlements of batched and
single payment card transactions, company representa-
tives stated.
"This launch brings Instant Merchant Settlement within
reach of any business that accepts credit card payments
online, mobile, virtual terminal, by email or via text,"
stated Robert "Jay" McShirley, CEO of linked2pay. "As
digital payments continue to grow rapidly, we expect the
demand for instant 24/7, 365 settlements to skyrocket."
McShirley said the IMS program is available to paycosmos
sales agents, and a white-label version of the program is
available to ISOs and linked2pay sales channel partners
and distributors to market under their own brands.
A simplified merchant enrollment process using
linked2pay's patent-pending technology facilitates an
end-to-end solution, McShirley stated. The merchant
registration and onboarding process instantly
authenticates applicants by matching them to debit cards
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