Payment 21
Payment 21 Payment 21 Payment 21
     

Banks

Is your bank set up as an Internet Payment Service Provider (IPSP)?

This is where the Payment21® White Label SaaS steps in. Whether you are a bank, a payment service provider or a globally operating merchant, Payment21® offers you a turnkey solution for U.S. direct debit and demand draft transactions. Payment21.com's Software as a Service enables you to receive, screen and manage ACH and Check 21 transactions via the Internet.

Studies show that online shoppers in the United States enjoy paying by check. Although the use of paper checks has decreased, the use of electronic checks is surging. An increasing number of companies are enabling check acceptance over the Internet.

If a bank would like to offer an online payment processing service to its business clients allowing them to accept U.S. check payments such as ACH or Check 21, they must acquire expensive software, allocate IT resources, and hire professionals for implementation and maintenance. All of this can take weeks or months to implement and finalize. In the end, the whole project can be very costly. Our state-of-the-art Payment21® White Label gives banks an alternative option to work directly with the merchant.

This solution allows you to "re-brand" our turnkey system with the bank's logo and contact information, and effectively start an additional line of business with your brand name. Payment21® White Label SaaS is ready to use with fast integration and no set-up fees, enabling banks to begin offering Internet check processing in just days. You do not need to purchase hardware or supply a workforce. Everything is provided by Payment21®.

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