Payment Facilitator Enablement Technology (FACe)

The NMI platform has built-in payment facilitator technology, enabling your merchants to launch within minutes by provisioning both the merchant account and gateway services within a real-time manner.

Whether you’re a registered payment facilitator, are considering becoming one or simply want to leverage the benefits without officially registering and managing your merchants’ risk, our platform can scale to your business needs.

Who can use FACe?

FACe can adapt to the needs of many different business models, including ISOs, Fintech Innovators, Technologists and Payment Facilitators that cater to merchants in most industry verticals.

How does FACe work?

FACe is a layer of our unified commerce platform that operates on a sub-merchant basis where merchants no longer require their own MID. Instead, they are directly boarded under a master MID account on our platform. The merchant simply applies by filling out 7-8 key data points. From there, those data points are evaluated by an underwriting tool and approved or declined in real-time. Once approved, the merchant is boarded as a sub-merchant under the master MID account.

FACe benefits

Instant onboarding

Create both a merchant account and platform account in a single step in real-time.

Automated sub-merchant creation and management

The platform collects a few simple data points and communicates them to the processor in real-time to create a sub-merchant account under the “master merchant” ID.

KYC service and reporting

Know Your Customer requirements are different for the payment facilitator model, and our platform provides all the tools necessary to manage these KYC requirements, including comprehensive reporting.

Sub-merchant accounting and billing

Set rates as you see fit for each sub-merchant and the platform tracks the credit card processing and platform fees for every merchant.

Sub-merchant statements

Send consolidated statements, which include merchant account and platform fees, to all sub-merchants directly from the platform.

Reconciliation reporting

Our payment facilitator technology provides “gross settlement” statements that make reconciliation painless for sub-merchants.

Automated chargeback importation and notification

You and your sub-merchants are kept in the loop on any chargeback activity.

Consolidated platform reporting

If you also service merchants with traditional accounts, our payment facilitator technology reporting is fully backwards compatible with any traditional merchants boarded on the platform.

Get in touch

Contact us to find out more about our Payment Facilitator Enablement Technology (FACe)

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