Page 31 - GS181201

CompanyProfile
Vice President of Business Development
Payments enablement
specialists
etwork Merchants LLC – commonly referred
to as NMI – was founded in 2001 in the
Chicago suburb of Roselle, Ill. Today, the
N company operates three branches in addition
to its Illinois headquarters. Two are based in the United
States in New York City and Pleasant Grove, Utah; the
third is located in Bristol, U.K.
NMI stated it employs over 180 staff members and
processes $45 billion in payments per year, supporting
more than 1,000 technology partners and 110,000
merchants in industries such as retail, transportation,
hospitality, medical, nonprofit, parking, and vending.
The company is credited as an EMV (Europay, Mastercard
and Visa) pioneer for offering EMV acceptance through
its gateway since its inception.
According to its published mission statement, NMI
aspires to "use our expertise to enable more payments,
in more ways and more places." It also states NMI will
"provide ISOs, fintech innovators and technologists the
freedom to focus on what they do best, liberating them
from restricted payment solutions and giving them access
to the latest payment technology now and in the future." view the white-label-friendly platform as a viable solu-
Technology for payment providers
NMI provides enablement technology to companies
within the payments ecosystem. This community includes
ISOs, value added resellers (VARs), independent software
vendors (ISVs), and payment facilitators (payfacs). NMI
offers partners access to its signature product, FACe,
which is an omnichannel payment gateway platform that
allows users to provide self-branded gateway services
to others without a need to build or maintain in-house
technology.
The FACe platform features virtual terminal, currency and
other payment-type acceptance, a multitiered hierarchy
structure, recurring billing, advanced transaction
routing, and third-party integrations. Additional FACe
benefits include instant boarding, automated sub-
merchant management, know-your-customer data
tracking, automated chargeback activity and consolidated
reporting, NMI noted.
MLS/ISO contact:
Rich Swiderski
Unified commerce
hello@nmi.com enablement
844-378-2146
NMI's growth focus is
on unified commerce en-
ablement. It is NMI's be-
lief that the unification of commerce is a vital step for to-
day's fragmented payments environment. In accordance,
the firm built a simplified payments system that seam-
lessly recognizes all merchant points of engagement, in-
cluding in-store, mobile, online and self-service.
NMI launched its proprietary unified commerce enable-
ment platform in October 2018, declaring it as a first-in-
class offering to the payments industry. The platform uses
a unified token to deliver a central view of customer and
payment data across all payment channels, enabling us-
ers to generate new revenue streams, simplify data struc-
tures and improve the customer experience. "Our unified
commerce enablement platform, available today, offers a
plethora of payment device certifications, along with un-
matched shopping cart integrations and processor con-
nections that places our partners in a league of their own,"
said NMI CEO Vijay Sondhi. "Add in tokenized payments
data and the foundation is set for our partners to become
a one-stop-shop for their merchants across all payments
channels."
The product supports NMI's ambition to drive transfor-
mation in the payment industry through the power of
unified commerce enablement. According to Sondhi, by
unifying every point of payment engagement to deliver
one view of the customer, NMI is enabling thousands
of ISOs, fintech innovators and technologists to break
through existing technology barriers. NMI leaders also
tion for many common payfac, ISV and VAR payment
management challenges, because it removes the hurdles
that make managing a multidimensional portfolio diffi-
cult.
Fresh perspective
NMI's unified commerce focus vaulted with its acquisition
of Creditcall in March 2018, positioning the firm to serve
both the ecommerce and brick-and-mortar markets.
Sondhi lauded the acquisition, stating, "Creditcall's card-
present acumen combined with NMI's card-not-present
expertise enables us to bring to market the first truly
omnichannel gateway platform." Following the Creditcall
acquisition, NMI also took steps to rebrand its logo and
website. According to Lisa Pulchalski, NMI marketing
director, the letters N, M and I were incorporated into
the mark "to represent NMI's commitment to unified
commerce enablement, and the new colors bring a strong,
but refreshing, look to an industry saturated by blues."
31