Ecrypt Inc. Emerges as a Leader in Payment Solutions
In a significant development for the payments landscape, BankCard USA Merchant Services, Inc. has merged with Preferred Payments, Inc. to form Ecrypt Inc. This new entity is set to operate as a premier integrated payments partner that delivers a comprehensive suite of payment solutions tailored to the needs of its clients. Combining their strengths allows Ecrypt Inc. to offer unparalleled financial products and services that cater to merchants of all sizes.
Elevating Payment Processing
David Anderson, the Chief Executive Officer of Ecrypt Inc., emphasized that this merger not only unifies the extensive merchant portfolio and skilled sales force of BankCard USA with the innovative technologies of Preferred Payments but also opens up significant growth opportunities. The focus will be on providing a seamless end-to-end payment experience that truly enhances the operations of their merchant partners.
Concierge-Level Service
At the heart of Ecrypt Inc.'s strategy is a concierge-level service model. This approach includes providing dedicated, U.S.-based account managers who are trained to anticipate client needs, optimize transaction outcomes for better cost savings, and ensure compliance with industry standards. This commitment to exceptional service sets Ecrypt apart in a rapidly evolving payment processing industry.
Innovation Meets Efficiency
The merger affords Ecrypt Inc. several advantages that will translate into better value for its clients. With established relationships with banks and competitive processing fees, merchants are positioned to operate more efficiently while significantly reducing costs. Scott Hardy, the Co-President of Ecrypt, remarked on the importance of this merger, stating that it marks a pivotal moment to redefine payment solutions through innovative technologies and a strong market presence.
Comprehensive Payment Solutions
Ecrypt Inc. aims to provide cutting-edge payment solutions that facilitate modern commerce. Their platform is designed to unify online, in-person, and multi-channel transactions, ensuring a smooth customer experience. The integrated ecosystem encompasses:
- Payment processing with PCI Level 1 security, interchange optimization, ACH capabilities, and subscription billing.
- Dynamic checkout capabilities that allow customizable invoicing and subscription management, which enhance conversion rates across the board.
- Cloud EMV solutions that enable seamless, cloud-based point-of-sale systems with multi-location management.
- Robust security measures that utilize AI technology, offering round-the-clock fraud protection, proprietary tokenization, and BIN optimization to safeguard transactions.
- An experienced sales and operations team that understands the intricacies of merchant services, fostering solid relationships in a competitive market.
New Leadership Team at Ecrypt Inc.
The leadership team steering Ecrypt Inc. comprises industry veterans with a wealth of experience in payment processing:
- David Anderson – Chief Executive Officer
- Scott Hardy and Shawn Skelton – Co-Presidents
- Jason Hardy – Chief Operating Officer
- Felix Danciu – Chief Financial Officer
About Ecrypt Inc.
Ecrypt Inc. is positioned as a leading payments services provider that offers comprehensive processing services to U.S. merchants. Established in 2004, the company specializes in delivering a diverse range of processing solutions, including equipment and software for credit and debit transactions. As a registered ISO and FSP, Ecrypt also provides strong support services tailored to client needs.
About Preferred Payments, Inc.
Preferred Payments has carved out its niche as a provider of secure and pioneering payment processing solutions. Their focus on customizable payment gateways and cloud-based systems enables them to support various transaction types—be it in-person, online, or multi-channel. Founded in 2009, the company operates under solid industry partnerships that enhance their service offerings.
About BankCard USA Merchant Services, Inc.
BankCard USA Merchant Services, Inc. stands as a prominent ISO/MSP that delivers payment processing solutions across the United States. With a strong annual processing volume exceeding $4.5 billion and a clientele of 7,000 merchants, they have established a reputation for quality and reliability, including innovative solutions like their real-time age-verification software.
Frequently Asked Questions
What is the significance of the merger between BankCard USA and Preferred Payments?
The merger creates Ecrypt Inc., a powerful entity in payment processing that combines extensive expertise and innovative technologies to serve merchants better.
What services can merchants expect from Ecrypt Inc.?
Merchants can look forward to comprehensive payment solutions, including PCI Level 1 secure processing, dynamic checkout options, and robust fraud protection measures.
Who leads the new company, Ecrypt Inc.?
The leadership team includes David Anderson as CEO, Scott Hardy and Shawn Skelton as Co-Presidents, Jason Hardy as COO, and Felix Danciu as CFO.
When was Ecrypt Inc. formed?
Ecrypt Inc. was formed as a result of the merger, combining the strengths and resources of BankCard USA and Preferred Payments.
What makes Ecrypt Inc. stand out in the payment processing industry?
Ecrypt Inc. distinguishes itself with its concierge-level service model, strong bank relationships, and a focus on innovation and cost reduction for merchants.
