InterPayments and Red Maple Unite for Payment Solutions
InterPayments has forged a significant partnership with Red Maple, focusing on delivering an advanced surcharging solution to businesses. As the only Managed Surcharge Provider in the industry, InterPayments is excited to enhance its offerings through this collaboration with a respected leader in payment security.
Enhancing Surcharging Integration
This partnership allows for a seamless integration of InterPayments' surcharging products into Red Maple's renowned financial software. By doing this, they aim to improve compliance and operational efficiency for businesses using Microsoft Dynamics 365 Finance & Operations (F&O), Business Central (BC), along with Sales and Field Service payment solutions. Now, merchants can benefit from an unprecedented level of integration in their financial transactions.
The Advantages of Managed Surcharge
Red Maple, a software powerhouse, services diverse clients ranging from small businesses to large global retailers. The incorporation of InterPayments' unique suite of surcharging solutions into Red Maple’s systems will enable businesses not only to manage costs more effectively but also to maintain strict compliance with evolving regulations.
According to Nagendra Jayanty, the CEO of InterPayments, "Our partnership with Red Maple represents an exciting step forward for InterPayments as we expand our best-in-class surcharging offerings. 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." These sentiments resonate strongly within the industry as businesses focus on efficiency.
A Streamlined Experience for Merchants
The integrated surcharging solution will also serve Red Maple’s Microsoft Dynamics clientele, which enhances the overall payment experience. This enables merchants to link surcharged transactions directly to their general ledger accounts, making the reconciliation process with banks much simpler and more effective.
Accessibility Across Channels
The capabilities of InterPayments ensure that surcharging solutions are available across various payment channels. Merchants can offer multiple payment methods including:
- Card Not Present Transactions: Customers can efficiently process payments through the Red Maple platform on websites or over the phone utilizing Microsoft Dynamics 365 solutions.
- Card Present Transactions: Payments can be executed through Red Maple’s Counter Sales featuring Dynamics F&O or BC.
- Customer Portal: Customers have 24/7 access to view invoices and make payments via Red Maple’s Clever Division Customer Portal, which integrates smoothly with F&O, BC, Sales, and Field Service.
Jennifer Robertson, CEO of Red Maple, emphasizes their mission: "At Red Maple, we are constantly seeking ways to elevate security and compliance standards in payment processing. 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.”
The Legal Landscape of Surcharges
Surcharging, which is permitted in the U.S. and many other nations, refers to the additional cost applied to credit card transactions. This fee can help merchants offset the expenses incurred from interchange fees levied by credit card companies. InterPayments plays a crucial role in managing the complexities of implementing and maintaining a surcharging program, alleviating the burden on merchants.
About InterPayments
InterPayments stands at the forefront as a Managed Surcharge Provider and innovative payments technology company. The firm is dedicated to helping merchants cut down on hefty credit card processing fees while ensuring fee transparency. With a commitment to full compliance across over 70 jurisdictions in the U.S. and Canada, InterPayments guarantees businesses can recover processing costs without incurring compliance risks.
About Red Maple
Red Maple has been a prominent player in enhancing Microsoft Dynamics 365 capabilities since 2003. With its patented solutions deployed globally across more than 500 companies, Red Maple provides tools including payments processing, ACH, wallet payments, and PCI 4.0 validation.
Frequently Asked Questions
What is the significance of the partnership between InterPayments and Red Maple?
This partnership integrates advanced surcharging solutions into Red Maple's financial software, enhancing compliance and operational efficiency.
How does InterPayments ensure compliance for businesses?
InterPayments guarantees compliance with 70+ U.S. and Canadian jurisdictions governing surcharging, providing businesses a hassle-free experience.
What types of transactions can benefit from the new surcharging system?
Both Card Not Present and Card Present transactions can utilize the surcharging solution provided by InterPayments and Red Maple.
How does this partnership streamline payment processes?
By integrating surcharging into existing systems, merchants can streamline reconciliation processes with their banks and improve transaction efficiency.
Who can benefit from the offerings of InterPayments and Red Maple?
Businesses of all sizes, from small merchants to large international retailers, can leverage the payment solutions provided by this partnership.
