July 30, 2016 9:59 AM ET

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Company Overview of ProPay Inc.

Company Overview

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

Suite 200

Lehi, UT 84043

United States

Founded in 1997

Phone:

801-341-5300

Fax:

801-341-5301

Key Executives for ProPay Inc.

President
Co-Founder and Director
Executive Vice President, Controlle, Treasurer and Secretary
Executive Vice President of Risk Management
Chief Information Officer
Compensation as of Fiscal Year 2016.

ProPay Inc. Key Developments

DealerSocket, Inc. Integrates with ProPay to expand Independent dealers payment processing options

DealerSocket's FEX DMS has added to Independent dealers' payment processing options by fully integrating with ProPay's LenderPay platform, a leading credit processing platform for complete, end-to-end payment solutions that are simple, secure and affordable. This partnership will provide FEX users with more options to select the credit processor that best serves their dealership's unique needs. The automated solution features dealership bank settlement reconciliation all within DealerSocket, embedded within a platform that is fully compliant with Payment Card Industry Data Security Standards (PCI DSS). A simple, one-click enrollment process means dealers can immediately start taking payments through ProPay. Making a payment is easy for consumers too, with on-demand one-click payment options.

ProPay Adds Another Payment Acceptance Option to its Solution Suite, Samsung Pay

ProPay announced that it has added yet another payment acceptance option to its solution suite - Samsung Pay, an easy and secure mobile payment service. ProPay merchants who have the latest version of the ProPay JAK and mobile app can now accept payments from their customers who have Samsung Pay. Merchants can enjoy lower card-present rates and the security of a mobile payment service that encrypts the transaction at the time of tap or swipe. Samsung Pay is simple, secure and works at the majority of merchants- almost anywhere can swipe or tap credit card. Samsung offers this capability by deploying a groundbreaking technology called Magnetic Secure Transmission (MST). Consumers can use Samsung Pay in merchant locations regardless of whether the terminals support NFC or traditional magstripe, which are the vast majority of existing terminals.

ProPay, InfoTrax Team Up to Help Direct Selling Companies Fight Fraud

ProPay and InfoTrax announced they have teamed up to help Direct Selling companies battle fraudsters. InfoTrax has integrated its DataTrax back-office software for Direct Selling companies to ProPay's Guardian CyberShield fraud detection and protection service. Guardian CyberShield offers a comprehensive layered payment fraud solution that can help stop fraudulent transactions while facilitating efficient acceptance of legitimate ones - enabling companies to reduce their chargeback costs while increasing revenue.

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Recent Private Companies Transactions

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