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NewProduct

fees as interchange or processor markups. Enables
users to manage complete sales pipelines within
Staitment, using multiple views and permission
levels.
• CRM integration: Can be customized and integrated
into business management software and customer
Instant proposals • Rate calculator: Verifies interchange, pricing
relationship management (CRM) systems.

with automated structures and negotiable fees to instantly calculate a
business owner's true effective rates.
statement analysis • Transaction analysis: Accurately identifies payment
card volumes by card type as well as number of
transactions.

wipeSum, a processor-agnostic credit card pro- • Proposal generator: Can analyze a statement during
cessing marketplace, launched Staitment, a soft- a sales call and create a customized processing
ware solution that uses artificial intelligence to proposal in a PDF or digital format. The proposal will
S analyze merchant statements. Designed to iden- provide a cost comparison of buy rates, monthly fees
tify related fees and pricing structures, the software can and residual earnings.
create instant proposals.
• Live proposal tracking: Tracks sales proposals to
Merchant level salespeople (MLSs) and service providers gather insights on the people who viewed them,
can use the solution to demonstrate cost comparisons at showing their frequency and duration of views.
critical moments during sales calls. These comparisons
demystify related pricing structures for credit card • Intuitive interface: Ready to use out of the box,
processing, ecommerce, POS and banking solutions, stated enabling users to immediately analyze statements
Michael Seaman, CEO at SwipeSum. without additional training.
A timely resource
"The current process for reading statements is archaic,"
Seaman said. "ISOs and resellers are spending too much Traditional statement analysis can take between three and
time poring over statements and proposals. Staitment 21 days to complete, Seaman stated. Staitment provides
automates statement reading and proposal creation, immediate analysis and can generate customized proposals
allowing professionals to spend more time serving their on the fly. These capabilities have reportedly eliminated
valued customers." human error and shortened sales cycles at select financial
institutions that have been using the system, he added.
Smart, extensive capabilities

ISOs, MLSs and third-party service providers can save time Staitment can also help payments companies and banks
and money by fully automating their statement reading automate statement reading and proposal creation, Seaman
processes with Staitment; the software can read processing noted. He expects the product to transform traditional
statements and instantly complete the entire analysis and approaches to payment processing analysis.
proposal process, Seaman stated.
Seaman further noted that SwipeSum is a not a credit
The AI-powered software can identify if fees are negotiable, card processor. The independent consultancy advises
which enables users to manually categorize fees as payments industry stakeholders about a range of products
interchange or processor markups. The software can also and services, including payment card processing, POS
flag variable pricing structures, calculate effective rates technologies, compliance and security. The team created
and negotiable fees, and create customized processing Staitment to replace slow-moving merchant acquiring
proposals based on a prospect's monthly fees and buy rates. systems with real-time analytics and AI-powered tools, he
stated.
The company listed further features and benefits of the
solution as follows: Company: SwipeSum
• Pricing analysis: Identifies fee structures and Product: Staitment
determines if listed fees are negotiable. Differentiates
between cost-plus, flat-rate and tiered pricing models. Website: www.staitment.com
Contact: support@staitment.com
• Flexible toolkit: Enables users to manually categorize

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