Company Overview of ProPay Inc.
ProPay Inc. provides payment security solutions for organizations ranging from the small and home-based entrepreneurs to businesses. The company offers accept payments, a solution that provides various options for companies to accept payments, and enable businesses to accept credit and debit cards, and e-check payments; Make Payments, a solution that allows companies to pay independent contractors or distributors; payment data security, a payment processing solution; alternate payment methods, which enables companies to increase the speed and frequency of commission payments, facilitate credit card transactions and wholesale orders, and eliminate the gap between recruiting and sales activiti...
3400 North Ashton Boulevard
Lehi, UT 84043
Founded in 1997
Key Executives for ProPay Inc.
Executive Vice President, Controlle, Treasurer and Secretary
Executive Vice President of Risk Management
Chief Information Officer
Compensation as of Fiscal Year 2014.
ProPay Inc. Key Developments
ProPay® Announces ProFac Expresssm for Payment Facilitators
Mar 31 15
ProPay announced that it is launching ProFac Express, a suite of services designed to simplify and enable payment facilitators with aggregation and traditional payment processing services. With a long-standing and proven track record in supporting merchant aggregators, ProPay is uniquely suited to support the needs of software developers, service providers, online marketplaces and other businesses in need of merchant aggregation. ProPay provides payment facilitators with not only secure payment processing solutions, but also with all the services necessary to operate a successful payment facilitator model without the hassle of aggregating in traditional processing environments. With online applications for instant boarding, split settlement, accounting and merchant funding, ProPay’s solution is truly comprehensive. ProPay provides payment facilitators with APIs to create an online application, or the option to utilize ProPay’s online, short-form merchant application to deliver an automated boarding and underwriting process that includes co-branded landing pages and documentation to speed up time to market. ProPay provides full-service underwriting and ongoing risk management as part of ProFac Express. This allows payment facilitators to focus on their technology and services while knowing that ProPay is examining accounts from the initial approval process through the transaction processing lifecycle. ProPay’s ProtectPay® platform provides software integrators, payment facilitators, SaaS providers and online marketplaces with the tools necessary to easily implement payments processing. Along with tokenization and encryption services, the ProtectPay platform provides a single interface formulti-currency processing, sub-merchant funding, collection of service fees, accounting, holds, reserves and even the ability to fund to a branded prepaid card if desired. The platform also offers recurring billing capabilities along with an automatic credit card updating service for payment facilitators requiring an account on file service for auto-shipments or periodic billing. Additionally, ProPay integrated the Guardian Cybershieldsm service with ProtectPay to provide a suite of fraud protection tools for payment facilitators operating in the card-not-present space.
ProPay Partners With ControlScan to Provide Compliance Tools to its Merchants
Jul 23 14
ProPay announced a new partnership with ControlScan(R) to provide PCI compliance solutions for small- and medium-sized merchants. ControlScan is an Approved Scanning Vendor (ASV) of the PCI Council. Together, ProPay and ControlScan will provide merchants with a simple and easy to adopt solution that will help merchants navigate the maze of understanding and achieving PCI compliance.
Propay Inc. Launches TSYS Guardian CyberShieldSM in Partnership with ThreatMetrix to Provide Advanced Fraud Prevention Solutions
Jul 15 14
ProPay announced a partnership with ThreatMetrix to provide advanced fraud prevention solutions to its customers. Through this partnership, ProPay customers can have access to tools to help protect them against cybercriminals. The solution — a cloud-based, real-time identity verification tool — helps validate returning customers and prospects, while protecting a wide range of transactions, including account creation, login authentication, and payment authorization. TSYS Guardian CyberShieldSM, powered by ThreatMetrix, effectively differentiates between legitimate customers and potential fraudsters by leveraging the rich data and analytics in the ThreatMetrix Global Trust Intelligence Network. This provides TSYS Guardian Cybershield access to the large trusted identity network of shared intelligence, and provides insight into positive and negative behavior and threat intelligence - for both online personas and devices - using trust-based authentication. The Network sees more than 500 million monthly transactions, and protects more than 160 million active user accounts, 2,500 customers and 10,000 websites. The Network empowers businesses to analyze the digital personas of website visitors in real time - including their previous online behaviors and transactions - before authorizing an online transaction. By doing so, TSYS Guardian Cybershield helps businesses reduce friction and arduous screening for legitimate returning online customers, while stopping cybercriminals in their tracks.
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