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September 03, 2015 4:32 PM ET

IT Services

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 2015.

ProPay Inc. Key Developments

Mountain America Credit Union Selects ProPay's LenderPay Platform

ProPay announced that Mountain America Credit Union has selected ProPay's LenderPay platform to offer credit union members innovative loan payment options that go far beyond traditional mobile apps and online bill pay. Members can use their preferred debit card, credit card or bank account to pay mortgages, auto loans and more by simply responding to a text message, clicking an email hyperlink or tapping a button on their smartphone. There is no mobile app to download or need to login to an online payment portal.

ProPay® Announces ProFac Expresssm for Payment Facilitators

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

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.

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