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:
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.