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We're thrilled to announce an exciting partnership with Woodforest Acceptance Solutions (WAS) that's set to revolutionize the payment experience for our Independent Software Vendors (ISVs) partners, merchants, agents, and Independent Sales Offices (ISOs). This collaboration unveiled on March 26, 2024, is all about bringing innovation and value to the payments industry.
What makes this partnership so special? It's the blend of Woodforest’s expertise as both a processor and an acquiring bank with Propelr’s cutting-edge ISV enablement platform.
Todd Linden, President and CEO of Woodforest Acceptance Solutions, shared his enthusiasm: "Together, we can enable our clients to build their businesses in and around payments, offering increased platform reliability, faster processing network speed, and enhanced POS lane efficiency."
This partnership will provide our ISV partners and enterprise-level merchants with an expanded range of solutions that are directly integrated with Visa’s front end, promoting true optionality to meet their unique payment needs.
Angelo Grecco, Co-founder of Propelr, highlighted the benefits of this collaboration, saying, “This strategic partnership positions us to better serve our clients by offering complete control over their processing accounts, with enhanced access to transaction and customer-level data.”
Our qualified customers will gain autonomy in managing their merchants independently, with the opportunity for portability and establishing a distinct valuation of the payments aspect of their business.
We're also excited to add Delta1st POS to our offerings. This modern point-of-sale system developed by Woodforest, is designed to meet the needs of small and medium-sized businesses, offering tailored packages that include On The Go, All-in-One, and eCommerce bundles, enabling SMBs to unlock their full potential.
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This strategic partnership marks a significant step forward in our mission to optimize the payments ecosystem for all of our clients. We're committed to offering innovative solutions that support their growth and exponential success in the dynamic payments landscape.
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This post breaks down the difference between EMV chip transactions and NFC contactless payments, covering what each one protects against, how the EMV liability shift can put fraud losses on your business if your terminals are outdated, and what it means for your checkout experience either way.
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This post dissects everything that happens during a card transaction, step by step, starting with the moment a customer pays and ending when funds are deposited into the merchant's account. Along the way, it covers authorization, batching, settlement, and where interchange fees come into play.
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Ever wonder what actually happens when a customer swipes their card? Five key players work together behind the scenes: the issuing bank, the card brands, the processor, the payment gateway, and the sponsor bank. This breakdown covers who's who and what each one is responsible for.
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