Agreement Express and Paya Services Launch Unified Application for Merchant Acquisition

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    Payroc First to Market with Unified Application Solution for
    Merchants

    TORONTO, ATLANTA & TINLEY PARK, Ill.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/AgreementExpress?src=hash” target=”_blank”gt;#AgreementExpresslt;/agt;–Agreement
    Express
    , the leading provider of total digital onboarding for
    payment service and wealth management providers, today announced the
    availability of Paya Services check and ACH offerings on the Agreement
    Express Unified Application. The integration allows independent sales
    organizations and independent software vendors to offer Paya Services
    check and ACH products digitally with a unified digital application on
    the Agreement Express platform, enabling them to increase the revenue
    per client with a faster and more efficient digital workflow.

    Payroc, a leading payment service provider with nearly $10 billion in
    annual processing volume, has signed on as an early adopter. They will
    be first to market with the new combined solution, providing both agents
    and merchants with a simpler, more efficient application process. “Our
    partners asked for a simpler way to enroll businesses to accept
    electronic payments, so we partnered with Agreement Express to create
    the simplest application possible,” says Ryan Hallett, chief revenue
    officer for Payroc. “With the connection to Paya Services, our merchants
    will only have to fill out one application to access all of our
    offerings, plus with technology and automation in onboarding and data
    security, our Payroc payment professionals, ISOs and ISV partners will
    have more time to cultivate new relationships.”

    Beyond digital forms and e-signatures, Agreement Express delivers the
    tools ISOs and ISVs need to offer clients a simple customer onboarding
    experience, moving applications and transactions through appropriate
    workflows with robotic process automation, automated know your customer
    and anti-money laundering due diligence, risk and underwriting
    decisioning, and robust compliance controls on the back end. The result
    is a simplified experience for merchants, and faster time to revenue for
    ISOs and ISVs.

    Paya Services’ check and ACH application is integrated into the
    Agreement Express Unified Application, allowing merchants to sign up for
    acquiring and ACH payments acceptance products with one, unified,
    digital application and approval process. Offering more products
    increases an ISO or acquirer’s processing volume, decreases portfolio
    churn and increases competitiveness in the rapidly changing payments
    industry.

    With the release of Unified Application, ISOs and ISVs can now offer a
    unified onboarding experience that includes the following Paya Services
    merchant offerings:

    • POS Conversion (POP) – Safely accept and process checks electronically
      at the point of sale with a check reader or an imager
    • Check 21 – Accept all types of checks in a face-to-face or
      consumer-not-present environment, using front and back check image as
      a replacement
    • Checks by Web (WEB) – Accept consumer-initiated payments online for
      bill pay or e-commerce
    • Checks by Phone (TEL) – Accept and process checks over the phone
    • ACH Debit and Credit (PPD / CCD) – Process single or recurring ACH
      transactions from consumer or business accounts

    Tangible ISO and ISV benefits include:

    • Faster time to revenue with digital application, workflow, and approval
    • Ability to increase transactions with a unified application for
      multiple offerings
    • Optimized, best-in-class experience for digital payment acceptance
    • Simplified risk management with intelligent applications with
      integrated compliance controls

    “We are working with Paya Services to provide their partners with
    elegant digital experiences,” said Peter Fitzpatrick, vice president
    payments for Agreement Express. “As an early adopter, Payroc will use
    our Unified Application technology to offer a truly simple enrollment
    process, providing their partners and merchants with a single, digital
    application for both acquiring products and ACH services.”

    Representatives from Agreement Express, Paya Services and Payroc will
    attend this week’s Electronic Transactions Association’s TRANSACT
    19
    conference at the Mandalay Bay Convention Center in Las Vegas.
    Visit Paya Services at booth #2612 and Payroc at booth #3616 to learn
    more.

    About Agreement Express

    Agreement
    Express
    is the only complete client onboarding platform for
    financial services. The Agreement Express platform allows financial
    institutions to design and execute consistent automated onboarding
    experiences across their product offerings and channels, while providing
    deep analytics that enable proactive and personalized client advice. The
    platform is the first of its kind to help top performing firms gather,
    use, and reuse client data to improve and evolve rich customer
    experiences. Agreement Express enables Fortune 500 financial
    institutions around the world to provide best-in-class digital
    onboarding to their clients and grow their business. For more
    information about Agreement Express, visit agreementexpress.com
    or connect with us on Twitter
    or LinkedIn.

    About Paya Services

    Paya Services provides merchants with payment solutions to help them get
    paid faster, increase efficiency and boost customer loyalty through our
    check processing, ACH processing and gift and loyalty card programs. Our
    seamless payments platform delivers easy-to-use technology to support
    every stage of business growth, today and tomorrow. For more information
    about Paya Services, visit paya.com
    or connect with us on Twitter
    or LinkedIn.

    About Payroc, LLC

    Payroc, headquartered in the Tinley Park suburb of Chicago, drives
    commerce for its merchants with anytime, anywhere payment solutions.
    Payroc serves its referral partners and merchant clients with integrity
    as trusted advisors and recognized experts in payments, providing
    transparent pricing clarity, and developing personal relationships while
    delivering exceptional technology. Payroc services and supports more
    than 30,000 merchants throughout North America, providing stability in
    payments by safely and securely processing over $10 billion in annual
    charge volume. The company is a full-service merchant acquirer, a
    registered ISO of MB Financial Bank, N.A., Chicago, Illinois, a
    registered ISO and payment facilitator of Fifth Third Bank, Cincinnati,
    Ohio, and a registered ISO of Wells Fargo, Concord, California. For more
    information, please visit payroc.com
    or telephone 844-PAYROC-4 or follow us on Twitter
    or LinkedIn.

    Contacts

    Media Contact:
    Aaron Davis
    Vice President, Marketing
    Agreement
    Express
    [email protected]
    416-616-1362