Page 30 - GS200502
P. 30
NewProduct
Automate risk, improve cash flow
with real-time decisioning
to run a credit check on existing and prospective
clients.
• Bundled credit check, automated payments: The
combined credit check and automated payments
option enables applicants to opt in or out of
automated payments when applying for credit.
• Customizable terms: Configurable invoice settings
inked2pay, a division of transmodus Corp., added enable CustomerConnect users to modify credit
CustomerConnect to its platform of risk manage- check terms and apply late fees as a percentage or flat
ment and payment technology solutions. Designed rate.
l to save time and replace manual labor with real-time • Mobile friendly: CustomerConnect is optimized for
decisioning capabilities, the solution helps end-users make mobile devices, making the app easily accessible for
agile, data-driven choices when extending credit terms and resellers, merchants and applicants.
invoicing B2B customers, the company stated.
• Dispute mechanism: A built-in dispute mechanism
"CustomerConnect gives linked2pay channel partners with live chat and messaging escalates customer
and resellers the opportunity to make revenue from credit issues for prompt resolution.
checks and it doesn't matter what gateway they use," said Reseller benefits
Robert "Jay" McShirley, CEO at transmodus. "We built it as a
standalone product to help our resellers get their foot in the McShirley additionally noted that the bankcard side of
door and build relationships with merchants. They don't the acquiring business has become cutthroat, with certain
need to sell credit card processing to make money and form players selling closed-loop, proprietary solutions that lock
relationships with business owners." out other service providers. CustomerConnect overcomes
these barriers, giving merchant level salespeople, ISOs and
The solution automatically creates an agreement between acquirers an opportunity to earn trust by helping merchants
two companies when a customer clicks on a credit app via automate and digitize outdated accounting systems.
email or smartphone and securely shares payment account
details, McShirley stated. Thirty days later, the app will CustomerConnect supports existing merchant accounts on
debit the customer's account. these card processing gateways: TSYS Multipass/Transit,
Heartland Portico, First Data, NAB Velocity and Authorize.
Modular design Net. It also supports the linked2pay and Paya ACH
CustomerConnect's modular design provides end-users gateways. Banks and resellers (ISOs, ISVs and developers)
with multiple implementation options, McShirley stated. can easily white label CustomerConnect, McShirley added.
Business owners can fully utilize CustomerConnect to
automate credit applications and invoicing, assess results "In the 1970s and 1980s, enterprises commonly used fax
and collect payments according to specified terms. machines and phone references to decide whether or not
Companies that choose to keep their existing invoicing to extend credit," McShirley said. "It's amazing that some
software can achieve the same results by using linked2pay's billion-dollar companies are still doing it that way. Real-
API library, he stated. time decisioning and fast access to credit has never been
more important, especially now, during our current global
McShirley pointed out that another benefit of pandemic."
CustomerConnect's modular design is that it enables users
to migrate and continually update the following existing
features and benefits:
• KYC: CustomerConnect's Know Your Customer Company: linked2Pay
capability enables users to verify prospective Product: CustomerConnect
customers' credit score, bank account, tax ID and
OFAC list match. Website: www.linked2pay.com
• Credit check only: Credit check as a standalone Contact: rmcshirley@linked2pay.com
feature enables linked2pay/paycosmos customers
30