Quisitive LedgerPay Secures ISO Customer Paytron Merchant Services
September 15, 2021 at 08:30 am EDT
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Quisitive Technology Solutions Inc. has announced that it has finalized a contract with Paytron Merchant Services (“Paytron”), a Passport Technology company, to provide payment processing services, making it among the first major secured LedgerPay contracts with an Independent Sales Organization (“ISO”) customer. ISOs resell payment services from payment processors, such as LedgerPay. Paytron is a merchant services provider that enables payment processing for resort and casino merchants. The agreement between Paytron and Quisitive LedgerPay will provide Paytron the opportunity to employ LedgerPay’s advanced payment processing services to its customers. Compared to alternative processing partners, LedgerPay provides increased automation, enhanced efficiencies, and decreased overhead. LedgerPay’s automated merchant onboarding, and automated residuals calculation and settlement features, are key for ISO customers. With LedgerPay, boarding and underwriting new merchant customers is seamless and automated. Additionally, the automation of agent residual computation and payment decreases overhead, improves the timeliness and accuracy of agent payments, and can enable higher retention of top agent talent. With legacy payment processors, the agent residuals payment process can take weeks of manual calculation, but with LedgerPay, residuals are computed automatically on a configurable timeline (daily, weekly, monthly). Paytron plans to employ these robust features designed for the modern ISO to optimize processing for their merchant customers.
Quisitive Technology Solutions, Inc. is a global Microsoft partner leveraging the Microsoft cloud platform and artificial intelligence, alongside custom and proprietary technologies. The Company's cloud segment solution segment delivers technical cloud and business solutions to help customers achieve their business goals. It harnesses the Microsoft platform and complementary technologies, including custom solutions and first-party offerings, to generate meaningful impact for midsize and enterprise customers. Its cloud solutions business focuses on helping enterprise move to, operate within, and innovate via modern development in the three Microsoft clouds (Azure, Microsoft 365, Dynamics 365). Its segment includes technology services, including those addressing infrastructure, data, analytics, security, digital workplace, application development, and business applications service that apply the benefits of technology to solve business needs and help customers meet their goals.