LAS VEGAS – May 10, 2017 – Payments technology innovators NMI and Infinicept today announced a collaborative relationship that allows for Infinicept’s advanced underwriting and frictionless boarding modules to be integrated with NMI’s industry-leading facilitator enablement (FACe) platform. The combination creates a unique and powerful end-to-end boarding, underwriting and processing framework for payment facilitators using NMI’s FACe platform.
“Over the past few years, we recognized the need to build payment technology that enables payment facilitators to manage, monitor and support their sub-merchants.,” said Roy Banks, chief executive officer of NMI. “Additionally, and just as important, are the tools and technology required to board and underwrite merchants. The fact that Infinicept is backed by the industry’s leading underwriting risk experts, and their payment facilitator boarding and underwriting platform is unlike anything we’ve seen, it was a natural choice to team up with them.”
Like most integration relationships, both companies will work independently to equip customers with their respective services, but work together to ensure seamless integration, operation and customer support.
“NMI was quick to recognize the growth opportunity in the payment facilitator market and they’ve been innovative in their approach to building their FACe platform with exceptional back office tools,” said Todd Ablowitz, co-founder and chief executive officer of Infinicept. “The integration of Infinicept’s automated frontend sub-merchant boarding and underwriting modules makes it possible for their customers to quickly go-to-market with exactly the support systems they need.”
One such company is SwervePay, a Chicago based software and payments provider. SwervePay is a longtime NMI partner that began using the FACe platform over a year ago as it began transitioning into a Payment Facilitator. To accomplish their goals, SwervePay required a robust underwriting system that could adequately manage risk while quickly on-boarding customers. Before choosing Infinicept, SwervePay considered building its own system while it vetted other off-the shelf options. However, these options lacked the required integration into FACe, the innovative social scoring as well as the automated underwriting dashboard that makes analyzing KYC data easy.
“Our relationship and post boarding systems from NMI’s FACe platform are great, but manually underwriting and boarding accounts to the processor wasn’t sustainable as we continued to add a growing number of customers” said Erin DiCristina, director of risk and underwriting for SwervePay. “Infinicept has been a great partner to work with. We were up and running quickly and the team has been very easy to work with and accommodating in meeting our needs.”
NMI provides payments enablement technology that empowers ISOs, VARs, ISVs and payment facilitators to offer branded payment gateway services without building or maintaining their own technology. Our exceptional team of software engineers has created a security-focused, feature-rich, omni-channel payment gateway platform that partners can completely and transparently brand, removing NMI from their merchant customers’ view. Headquartered in Roselle, Illinois, NMI is the operating trade name of Network Merchants, LLC. For more information, please visit www.nmi.com.
Infinicept is a robust suite of automated services that collectively perform as an operational backbone for Payment Facilitators. Whether used as a fully integrated package, or a la carte, Infinicept makes it possible for Payment Facilitators to get up and running in weeks, not years. Started by payments industry veterans and Payment Facilitator consultants Todd Ablowitz and Deana Rich with the development expertise of technology innovator, iClassPro, Infinicept offers infinite acceptance possibilities for a market that is estimated to top $4.4 billion by 2021. For more information, visit www.infinicept.com.
SwervePay is a customer-centric technology company that transforms payment data into improved customer relationships and business profitability. SwervePay’s cloud-based software enables companies to use their payment transaction data to reduce operating costs, increase revenues and deliver superior customer service, while securing the payment transaction process. Additional information is available at www.swervepay.com or by calling 877-482-5815.