Payroc Announces Integrated Partnership with NMI Supporting Canada
TINLEY PARK, IL — September 3rd, 2020 – Payroc LLC and its affiliates (“Payroc”), a leading merchant acquirer and global payment processing organization, announced today that their Canadian Integrated Payments Platform (Caledon) has partnered with NMI, a payments enablement platform, to provide a single-source solution to streamline and secure payment acceptance for ISV’s, ISOs and Payment Facilitators expanding into Canada.
"Canada has always been the logical first market in any US-based technology company's international expansion plans, “ said Marcus Dagenais, President, Canada at Payroc. “We are both humbled and excited that NMI has chosen Payroc’s Caledon platform to further support and scale their partner’s needs in this growing market, particularly without requiring any development effort on the end of the clients."
The primary value of the integration is to enable ISVs, ISOs and Payment Facilitators to easily and securely accept and manage payments in Canada while unifying payment data under one integrated platform. In this partnership, NMI will support Payroc's growing client base with multiple MID functionality, tokenization, fraud prevention, batch uploading, virtual terminals, and improved invoicing, shopping cart, and product management capabilities. The online merchant application will also enable expedited and seamless onboarding for valued client accounts.
“We’re thrilled to be expanding our partnership with Payroc through this Caledon integration,” said Kyle Pexton, President of NMI. “Growing our range of processor connections to better serve our partner base continues to be a top priority for NMI. Through the addition of Caledon, our partners have the ability to further expand their reach into the Canadian market.”
Learn more by visiting payroc.com.
Payroc and its affiliates, with offices in Chicagoland, Atlanta, Toronto, Whitefish, Montana and Salt Lake City is a high-growth American, Canadian and international merchant acquirer, processor and payment facilitator powerhouse operating in 46 countries, processing over $29 billion in annualized volume for more than 66,000 merchants. Payroc offers best-in-class sales enablement and merchant processing technology on a global basis, delivering proprietary, innovative and full-service merchant acquiring solutions together with key card brand network payment sponsorship registrations. Payroc LLC, together with its wholly-owned affiliate Payroc Processing Systems, LLC, is a registered Visa third party processor (TPP), Mastercard third party servicer (TPSV), payment facilitator (payfac) and encryption support organization (ESO) for Fifth Third Bank, an Ohio-chartered bank, Cincinnati, Ohio (“Fifth Third”). Payroc LLC is a registered independent sales organization (ISO/MSP) for Fifth Third and Wells Fargo Bank, N.A., Concord, California (“Wells”). NxGen, one of Payroc’s companies, is an Elavon payments partner and registered as an ISO/MSP of Elavon, Inc., Georgia, a wholly owned subsidiary of US Bank Minneapolis. The company’s Canadian business unit is a registered ISO/MSP of Wells and Peoples Trust Company, Vancouver, Canada. For more information, please visit payroc.com or telephone 844-PAYROC-4.
NMI is one of the world’s leading card payment gateways, processing over 1.2 billion transactions a year from retail POS, e-commerce and self-service terminals. Our mission is to use our expertise to enable more payments, in more ways, and in more places, all with the utmost security and reliability. To do this we provide ISOs, fintech innovators and technologists with the software tools to be able to work with us easily. It gives them the freedom to focus on what they do best, liberates them from restricted payment methods, and gives them access to the latest payment technology now and in the future. Our team spans the globe and has a twenty-year track record of delivering innovative payment solutions across specific retail sectors and has unparalleled experience in EMV technology. For more information, please visit www.nmi.com.