Aliaswire, a trailblazer in advanced technological solutions, recently launched PayVus, a state-of-the-art platform created to aid small and midsize business (SMB) owners.
The platform is aimed at reducing costs, facilitating financing, managing cash flow and enhancing sales. More than a simple financing solution, PayVus supports an array of business management functions on a unified platform. With the help of a secure dashboard, the solution offers real-time insights on account receivables, payables, transaction processing and lines of credit activities.
The impetus behind the launch of PayVus is to address the critical needs of modern business owners, primarily payment card acceptance and capital access, stated Scott Goldthwaite, chief operating officer at Aliaswire. PayVus serves these requirements by offering reduced rates and a credit line specifically designed for small businesses.
Aliaswire’s innovation extends to various sectors, providing comprehensive technological solutions to facilitate business operations. The launch of PayVus, a unique card issuing and processing platform, exemplifies the company’s commitment to support and uplift small and midsize businesses.
The PayVus platform gives enrolled merchants a commercial credit card. While processing payment card transactions, PayVus allocates daily batches between a merchant’s credit card and regular bank account. The deposited funds are then posted as credit balances on the credit card account, thus becoming readily available for the merchant’s immediate use.
The product not only simplifies transaction processes for merchants but also benefits acquirers and ISOs, according to Aliaswire. PayVus keeps a complete record of funds settlement and revenue share, allowing ISOs to earn residuals for all funds deposited to a merchant’s PayVus card. Furthermore, acquirers can utilise these residuals to mitigate or lessen a merchant’s processing fees.
Aliaswire’s COO, Scott Goldthwaite, shared his observations on the platform, stating, “For many merchants, their merchant acquirers have become their card issuers and the bank for their deposits. This makes PayVus a great product fit and opportunity for emerging markets.”
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