A Payments Platform Designed to Process Innovation
Scalable, Fast, Secure, Transparent
The cloud has transformed the technology landscape, but one area has been left behind: payment processing. In fact, most so-called “modern” processing systems are built on pre-internet technology with extremely limited functionality and access to critical customer data.
PayiQ delivers the first payment processing platform built on a cloud-enabled architecture. This architecture allows for a full suite of traditional payment processing services but with the advantages of cloud-specific gains like faster transactions, stronger security, a suite of automated management tools, instant access to all of your merchant and consumer data, and improved profitability.
Most importantly, PayiQ’s platform architecture processes more data than traditional payments systems. That’s because we don’t just process payment transactions, we also capture and process the whole order—including detailed SKU-level data. Not only do we have access to more data than any other processor, we have access to it in real-time as result of our cloud-enabled design.
PayiQ is a seamless, integrated platform to process payments but one that keeps the customer personae and drives a level of intelligence, accuracy, and efficiency in customer relationships that has never existed before.
- David Totten, Chief Technology Officer, US Partners at Microsoft
Full-Stack, Cloud-Enabled Payment Processing
PayiQ offers merchants the scalability and speed of a cloud-enabled payment processor with a direct connection to VISA, Mastercard, AMEX, Discover, and the key debit networks—with no intermediaries—allowing us to provide the fastest and most reliable response times. In fact, we’re one of the first new processors to be certified by VisaNet in nearly a decade.
We deliver a full suite of payment services, including:
Faster deployment of payment processing services for ISVs, ISOs, and merchants
Simpler integration environment for merchants, ISVs, and ISOs
Instantaneous data access to streamline merchant operations and enable real-time triggers (e.g., loyalty offers)
Enhanced scalability across geographies, payment channels, and new outlets
Boosted customizability across all tools (reporting, risk management, etc.)
Modularized architecture that supports easy rollouts of future upgrades and products
Reduced failed authorizations via direct network connections and optimized interchange
Advanced suite of automated management tools and a configurable dashboard that streamlines operations for ISVs and ISOs
The Cloud Enables Time-Saving Automation
The real power of our cloud-enabled platform is its ability to automate many traditionally labor-intensive processes, including: onboarding, risk assessment, chargeback management, and agent residual calculations.
This automation is made possible by our processor sitting at the nexus of payments data flow. We use machine learning to analyze and make decisions about incoming data like unusual transactions, agent sales, and chargeback circumstances.
Security By Design
The architecture of PayiQ’s payment processing platform complies with the highest global security standards, including PCI DSS, PCI PIN, ISO 27001, ISO 22301, SOC2, and the annual review of our Secure Code and Penetration testing. This approach is based on tenants under the CIA Triad of Confidentiality, Integrity, and Availability.
These certifications are on par with the high-security standards maintained by the National Institute of Standards and Technology (NIST), an agency within the U.S. Department of Commerce. This reflects our strong cultural commitment to a holistic security posture with regard to platform operation and both internal and external network access to all cardholder data (CHD) and personally identifiable information (PII) data.