Payroc LLC and its affiliates (“Payroc”), a leading merchant acquirer and global payment processing organization, announced today that their Canadian Integrated Payments Platform (Caledon) has partnered with NMI, a payments enablement platform, to provide a single-source solution to streamline and secure payment acceptance for ISVs, ISOs and Payment Facilitators expanding into Canada.
"Canada has always been the logical first market in any US-based technology company's international expansion plans," said Marcus Dagenais, President, Canada at Payroc. "We are both humbled and excited that NMI has chosen Payroc’s Caledon platform to further support and scale their partner’s needs in this growing market, particularly without requiring any development effort on the end of the clients."
The primary value of the integration is to enable ISVs, ISOs, and Payment Facilitators to easily and securely accept and manage payments in Canada while unifying payment data under one integrated platform. In this partnership, NMI will support Payroc's growing client base with multiple MID functionality, tokenization, fraud prevention, batch uploading, virtual terminals, and improved invoicing, shopping cart, and product management capabilities. The online merchant application will also enable expedited and seamless onboarding for valued client accounts.
“We’re thrilled to be expanding our partnership with Payroc through this Caledon integration,” said Kyle Pexton, President of NMI. “Growing our range of processor connections to better serve our partner base continues to be a top priority for NMI. Through the addition of Caledon, our partners can further expand their reach into the Canadian market.”
NMI is driving transformation in the payment industry through the power of unified commerce enablement. By unifying every point of payment to deliver one view of the customer, NMI is enabling thousands of ISVs, ISOs, and fintech innovators to finally break free from today’s payment crunch and unleash new sources of value to achieve disruptive results. Processing more than $50 billion in payments a year, NMI is the driving force behind more than 1,250 technology partners and 130,000 merchants across retail, transportation, hospitality, medical, non-profit, parking, and vending verticals who are shifting to a new unified commerce strategy to put their business first, gain new value and deliver a superior merchant and consumer experiences.
Payroc and its affiliates, with offices in Chicagoland, Atlanta, Toronto, Whitefish, Montana, and Salt Lake City is a high-growth American, Canadian and international merchant acquirer, processor, and payment facilitator powerhouse operating in 46 countries, processing over $29 billion in annualized volume for more than 66,000 merchants. Payroc offers best-in-class sales enablement and merchant processing technology on a global basis, delivering proprietary, innovative, and full-service merchant acquiring solutions together with key card brand network payment sponsorship registrations. Payroc LLC, together with its wholly-owned affiliate Payroc Processing Systems, LLC, is a registered Visa third party processor (TPP), Mastercard third party servicer (TPSV), payment facilitator (payfac), and encryption support organization (ESO) for Fifth Third Bank, an Ohio-chartered bank, Cincinnati, Ohio (“Fifth Third”). Payroc LLC is a registered independent sales organization (ISO/MSP) for Fifth Third and Wells Fargo Bank, N.A., Concord, California (“Wells”). NxGen, one of Payroc’s companies, is an Elavon payments partner and registered as an ISO/MSP of Elavon, Inc., Georgia, a wholly-owned subsidiary of US Bank Minneapolis. The company’s Canadian business unit is a registered ISO/MSP of Wells and Peoples Trust Company, Vancouver, Canada. For more information, please visit payroc.com or telephone 844-PAYROC-4.