More NewsNeovia Upgrades Merchant Services with New Card Acquiring Bureau

Neovia Upgrades Merchant Services with New Card Acquiring Bureau

Neovia Financial, an alternative payments business, has upgraded its merchant services business that forms part of its Neovia Payment Network. With its new bureau service, merchants can directly accept and settle card payments through Neovia’s NetBanx service without the complexity and cost of managing an additional bank direct acquiring relationship.

The new service provides focused solutions for medium and large businesses including:

  • New MasterCard and VISA acquiring and processing without the need for managing a direct bank relationship or merchant account.
  • High capacity, fault tolerant processing platform with second physical data centre location with optional disaster recovery.
  • Multi-channel cardholder-not-present (CNP) service, including web, interactive voice response (IVR) and call centre/MOTO.
  • Fully Payment Card Industry Data Security Standard (PCI DSS) Level 1 compliant and certified service.
  • Additional payment support for global processing of American Express, PayPal, Neteller, Ukash, and direct-from-bank payments, such as iDEAL, Giropay, and direct debit.
  • Multicurrency processing and settlement support with multi-lingual checkout pages.
  • A single integration to all payment types.
  • Pricing that is highly competitive with direct bank processing.

Typically, merchants have to manage relationships with both a payment service provider (PSP) and bank, including the need to obtain a separate merchant account, to accept, process and settle card transactions. This process is both difficult and time-consuming. By working with a merchant services provider, a merchant can get an easy-to-manage, one-stop payments processing service with competitive pricing.

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