No matter what the size of any business is, money exchange is a part of it, though it can be manually or electronically. While choosing the medium for money exchange, any business searches for a platform that is reliable and easy to use. When it comes to money, special care is needed. Thus, it is very obvious to rely on such a payment processing platform whose service feels safe. When any industry searches for money exchange setups, it demands some other factors. Such as flexibility, and versatility of the platform, and at most the robust process is considered. In such a case, ProPay is a perfect platform that enables end-to-end payment solutions for all kinds of businesses. ProPay is active in this field for a long time and since then it is providing a service in the money exchange domain, that is easier, secure, and affordable.
About ProPay
It is an Orem-based financial firm, headquartered in Lehi, and belongs to TSYS as its fully own subsidiary. The firm is providing efficient payment solutions since 1997. Transfer of money, M-commerce, E-commerce, online payments, direct selling solutions, and reliability are main service areas covered by ProPay. Moreover, it is eminent in the payment business as one of the leading payment processors that provide services to various businesses. Regardless of size and type of business. That means, whether it is a billion-dollar firm, or any small organization, or small home-based business, ProPay meets the requirements of all of them.
A unique financial platform ProPay is based on its core values that are mostly related to promoting small size businesses by assisting them with robust payment processing. As well, ProPay uses innovative technologies to improve the service as well as for risk management.
History
In 1997, ProPay is set up and in 3 years the firm started its first online virtual terminal. The company started Master Card, debit card program manager, and processor in 2003. Thereafter, in 2005, it launched a platform called SplitPay. ProPay shifts the focus on secure payment processing and adapted end-to-end encrypted processing. Later on, the firm enabled it’s best-known platform ProtectPay and ProFac.
Best platforms of ProtectPay- ProtectPay and ProFac Express
ProtectPay and ProFac Express are well-known platforms of ProPay. In fact, ProPay is one of the payment solution providers that provide ProtectPay. This platform offers software integrators, SaaS providers, and payment facilitators. Additionally, it comes with all other necessary tools for payment processing implementation.
While other platforms called ProFac Express to assist in underwriting, instant boarding, and processing solutions. No doubt, ProPay has vast experience in the financial industry that becomes helpful to provide more secure payment solutions for clients. ProPay is one of the firms that help them succeed with innovative payment processing solutions.
Awards and Achievements
Since its foundations, ProPay is rising continually along with helping other businesses to succeed. Today, ProPay’s name is taken as one of the trustworthy payment processors globally. The firm has also been honored with several awards that raised the bar of the company in the financial industry. In 2013, ProPay was recognized as Top Online Payment Service Provider. 2009 and 2010 was a memorable year for the company as it received several awards in these years. ProPay awarded as Electronic Transactions Association’s ISO of the Year, Inc. 5000 Fastest Growing Companies in the U.S., and ETA ISO of the Year in 2010. While in 2009, it named in 5000 Fastest Growing Companies in America, Stoel Rives Utah Innovation Award winner, and awarded as Utah Genius Award.
In 2003, it honored as Direct Selling Association Partner of the Year.
The person behind ProPay’s revenue escalating policies- Gary Goodrich
Gary Goodrich steps into the shoes of ProPay’s CEO in 2000. ProPay was well-known for its strong products but several other factors lead to a shaky future of the company. In the year 2000, the company was facing problems related to high costs and little cash for its newly launched online merchant account. It leads to low revenue generation. After Gary became CEO of the company, he implemented the best policies for the company and put the ProPay on secure financial footing.
Under his policies, the company successfully acquired many private investors that raised the investment of the company. Also, he acted on all measures to increase the revenue generation of ProPay. In just two years, the firm became profitable and strengthens the value of the company in the financial industry.
Bottom Line
ProPay is adapting all required changes and improving the service with an innovative approach and the company is making progress. Presently, ProPay is reconnoitering the services to many other sectors. It is now offering the payment processing solution to accounting offices, small medicals, and other professional offices. The financial firm, ProPay is also admired for its fine work culture
Jayshri is an Electronics Engineer, but her passion towards writing made her to be in this field. Apart from content writing, she loves reading, writing and surfing on various topics. In her free time, she likes to watch TV series and news. Sherlock Holmes is her all time favorite show. Jayshri loves cooking various Indian-western dishes.