PayCommerce is focused on providing sustained innovation throughout the payment industry ecosystem.
PayCommerce is the fastest-growing cross-border, open payments network which connects over 80 correspondent banks and acquiring institutions in 72+ countries and enables payments, collections and settlement in 80+ currencies. PayCommerce is the only managed, open cross-border payments network that enables both disbursements and collections transactions through a single point of connectivity for members. Members include: banks, financial institutions, global corporates and alternate channel providers. It is an open network where eligible institutions can join and there are no up-front costs.
Headquartered in Edison, NJ, the firm has branches across 4 continents with employees strategically placed around the globe to support customers. Its vision is to create the largest correspondent bank network that enables faster payments for disbursements and collections globally. For more information on the company, please visit www.paycommerce.com.
Banks, Financial Services Institutions and Corporates Benefit from Enhanced Compliance Screening, Reporting and Greater Global Coverage PayCommerce, the leading enterprise cross-border payments ... read more
PayCommerce Announces 2017 ‘The Year of Instant Payments’, as it Launches the First Phase of its Real-Time Payments Network; Leading its Expansion ... read more
Company Strategically Expands its Global Footprint to Establish its R&D Center in Ontario and Strengthens its Presence in the Middle East – ... read more
Here PayCommerce CEO Abdul Naushad tells PaymentEye why cost-effective cross- border payments are more important than ever and how he sees the payments sector developing in 2016.
Many businesses have a global financial supply chain that requires payments to be made in foreign countries. The costs, lack of transparency, and effort required under existing models make this challenging for most businesses. PayCommerce offers the ability for both financial institutions and businesses to pay counter parties in foreign locations in a cost effective manner with fast settlement cycles. Businesses with high volumes of low value payments will see significant cost savings using the PayCommerce Cross Border Payment Solution. Frequent use cases include:
The PayCommerce Cross Border Payment Solution provides a comprehensive set of services for global transaction management:
PayCommerce’s Merchant Global Access solution enables merchants to expand their business into global markets and reach thousands of potential consumers. Merchant Global Access fe
atures a processor-agnostic gateway that integrates with PayCommerce’s own merchant processing or delivers the flexibility to accommodate a wide range of processors and multiple banks, eliminating the need to change existing contracts.
The Merchant Global Access gateway enables merchants to accept transactions then authorizes and settles the funds for the merchant into their local bank account. It allows merchants to see real-time consolidated reporting on payment, refund, chargeback activity, and exception management for all payment types.
Merchant Global Access provides a Certified PCI-DSS Compliant hosted infrastructure in combination with advanced fraud management tools to detect suspicious behavior anytime and anywhere in the world. Transactions are constantly monitored through the entire transaction process. Security tools track and monitor the card activity as the information passes from the payment portal all the way through to settlement processing. Our product produces alerts whenever any malicious or suspicious activity is detected.
Through the combination of our technology platform, and global payment network PayCommerce has produced the industry’s most powerful Global Collections Solution.
By providing for B2B and B2C global collections on a unified platform, our solution enables:
Global Collections Platform System Flow
The gPay product is a customizable and highly scalable global payments platform based on an enterprise hub model. It features a centralized processing platform combining an extensive set of payment services with a highly-refined, rules-driven engine. gPay delivers the market’s most scalable, flexible and efficient payments solution
gPay is modularly based as well as payment-type agnostic. It provides gateways into:
Integration with gPay is achieved through a robust set of APIs and interfaces including:
Banks, Financial Services Institutions and Corporates Benefit from Enhanced Compliance Screening, Reporting and Greater Global Coverage PayCommerce, the leading enterprise cross-border payments ... read more
