Underwriting Services & Risk Management
Providing full-service underwriting and risk management as part of ProFac Express allows Payment Facilitators to focus on their technology and services knowing that ProPay is examining accounts from the initial approval process through the lifecycle. We offer everything from a Zero Liability Program up to a Full Liability Program depending on your business needs and we will help you every step of the way.
Underwriting rules and processes are defined early in the design process. ProPay has all the tools and experience necessary to meet Federal, State and card brand requirements for payment processing.
Additionally, whether the product or service is delivered digitally, physically, or distributed through complex sales environments, the ability to define both the customer AND the business rules helps in establishing processing parameters.
Parameters such as transaction thresholds, average ticket, shipping time frames and other items are defined and monitored on a routine basis. We’ll even hold deposits or establish reserves dependent upon suspicious or unusual activity.
Since 1997, ProPay has provided simple, secure and affordable payment solutions for organizations ranging from the small, home-based entrepreneur to multi-billion-dollar enterprises requiring complex payment solutions. The foundation of ProFac Express is the ProtectPay® processing platform. Originally designed to meet the complex processing needs of the direct selling industry, ProtectPay has evolved into an industry leading solution for payment facilitators. Through a single interface you have access to a suite of products that help you process transactions in a fast, secure and affordable manner. Highlights of the ProtectPay platform include:
• Full tokenization & encryption
• Support for one-time, recurring, card-swiped or card-not-present transactions
• EnsureBill℠ provides you with the ability to update stored cards as they expire or are lost/stolen, providing a seamless recurring or auto-ship solution for your merchants
• Multi-currency allowing you to sell in the currency of your cardholder
• Online boarding through APIs to the platform
• SplitPay for collection of convenience fees or service fees associated with procesing transactions, simplifying the process of fee collection from your merchants
• A commission or funding component allowing you to pay your customers through a branded debit card
• Integrated support for TSYS Guardian CyberShield℠ to further define and protect your customers from fraudulent transations