New Collaboration Enhances Payment Solutions with Seamless Compliance and Efficiency Across Major Financial Platforms
Red Maple is a multi-million-dollar software company whose clients include small to large businesses, international retailers, merchants, and global companies. The partnership directly integrates InterPayments’ differentiated suite of surcharging solutions into Red Maple’s innovative software. InterPayments’ out-of-the-box and customized surcharge-enabled payment tools and services are backed by guaranteed compliance with full indemnification, including all card network, federal, state, provincial, and local regulations governing surcharging.
“Our partnership with Red Maple represents an exciting step forward for InterPayments as we expand our best-in-class surcharging offerings,” said Nagendra Jayanty, CEO of InterPayments. “We are thrilled to appear in every Red Maple solution where surcharging is in demand, offering customers the flexibility to work with their current payment providers while ensuring full compliance and operational simplicity.”
The productized surcharging solution will support Red Maple’s Microsoft Dynamics customers, offering a fully integrated, agnostic surcharging experience. Merchants will be able to connect surcharged transactions directly into general ledger accounts and streamline the reconciliation process with banks, all without any disruption to existing payment systems, workflows, and vendors.
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InterPayments’ surcharge capabilities can be deployed across multiple payment channels, including:
- Card Not Present Transactions: Customers can make payments through a website or over the phone within Microsoft Dynamics 365 solutions.
- Card Present Transactions: Customers can make payments via Red Maple’s Counter Sales in Microsoft Dynamics F&O or BC.
- Customer Portal: Customers can make payments and view invoices 24/7 via Red Maple’s Clever Division Customer Portal. This portal can be integrated with F&O, BC, Sales and Field Service.
“At Red Maple, we are constantly seeking ways to elevate security and compliance standards in payment processing,” said Jennifer Robertson, CEO of Red Maple. “Our collaboration with InterPayments ensures that businesses have access to a surcharging solution that aligns perfectly with our mission to safeguard financial transactions while offering transparency and efficiency.”
Legal in the U.S. and several other countries, a surcharge is a fee added to a credit card transaction that a merchant accepts, and a customer chooses to pay with their credit card or switch to an alternative payment method which has no surcharge. Surcharges cover some or all of the costs of interchange fees that credit card companies charge merchants for accepting credit cards. As a Managed Surcharge Provider, InterPayments oversees the implementation, execution, and day-to-day operations of a surcharging program, handling all the technological and legal complexities for merchants on their behalf.
Source: Businesswire