The Payments as a Service (PaaS) model eliminates the need for costly and lengthy implementations. Instead, it shifts to a subscription-based technology designed to reduce upfront IT spend, enhances client flexibility and gives access to the latest technologies. PaaS is designed to allow merchants and others to leverage local, regional and global payments options through a single interface. The complexity of moving funds between providers is handled by the PaaS layer and is hidden from the user. Here’s a look at the layers that make up VoPay’s PaaS solution:
The solution is designed to allow businesses to utilize mulitple payment options through a single open API to meet their specific payment needs. Because only one API is required, you’re only required to maintain one relationship.
Through VoPay’s API layer you can access the following payment services:
Intelligent EFT / ACH (iQ11): Accept instant bank account verification payments, improve payment speed and reduce NSFs. Learn more here.
EFT / ACH: Seamlessly facilitate bank payment processing by connecting to North America’s banking system. Learn more here.
Interac e-Transfer for Business: Send thousands of near real-time payments with higher funding limits with just an email. Learn more here.
VoPay Instant (Visa Direct): Send money directly to almost any Visa card holder in real-time. Learn more here.