(The Hosting News) – Maas Global Solutions Corporation (MGS) announced today that it has made a significant investment in the merchant acquiring ISO – PRIDE Payments Network LLC (PRIDE) to establish itself as the exclusive processing engine behind PRIDE’s state-of-the-art Virtual Point of Sale Terminal solution. The founder and CEO of PRIDE, former First Data SVP Doug Byerley, has quickly built an impressive network of advisors and a foundation for establishing what is clearly “a new concept for a new decade”.
Putting aside the need to hire a traditional sales force and the urge to copy the standard ISO model of pushing outdated technology like typical POS terminals, PRIDE is revolutionizing the industry by driving sales exclusively through inbound marketing tactics and promoting a Virtual Terminal software solution at the point-of-sale (POS). MGS looks to capitalize on this new philosophy by providing PRIDE with the technological and intellectual capital it needs to expand into the global marketplace.
By partnering with MGS, the merchants acquired by PRIDE will receive the following initial services:
- Secure, PCI/HIPAA-compliant integrated gateway connection via a virtual terminal
- Acceptance of all major debit/credit cards, eCheck/ACH and electronic processing of paper checks
- Processing engine that can be leveraged for any type of alternative payment transaction
- Exclusive, easy-to-use white-labeled POS software
- Real-time transaction reporting analytics to drive a merchant’s future sales
- Competent client relationship support staff backed by MGS technical support
Small to mid-sized merchants are continually looking to find an integrated, inexpensive and secure processing platform to stay competitive. With the help of MGS, PRIDE is focusing on those same things but also intends to provide more added value than merchants have ever experienced before.
“The 21st century will be defined by increased collaboration and sharing among people, organizations and groups,” said Byerley. “Much of this sharing will be in the form of alternative or non-payment transactions, such as carbon credits, swaps, trades, coupons, loyalty and even things like video game points. These types of transactions need to be integrated into the point-of-sale for the merchant to capitalize on, and MGS can quickly add support for those added value transaction types on its platform.”
This new relationship will leverage both MGS CEO Troy Maas’s and Byerley’s combined 16 years of experience at First Data Corporation. MGS is continually looking to partner with forward-thinking companies and the partnership with PRIDE is an example of this philosophy. Byerley provides 35 years of experience in developing strategic and innovative business solutions for clients within the electronic payments industry space. For the past four years, Byerley has been at the forefront of the technological revolution in the payments industry. He has served as an invaluable management consultant to clients, such as: Bank of America, Barclays Bank, Goldman Sachs, Morgan Stanley and StoreFinancial. His consulting firm – Byerley & Associates – has assisted clients with their evaluations of markets, products and risks within the financial services and electronic payments space.
Maas has been an expert in payment gateway architecture since the late-1990s, when he built the LinkPoint Payment Gateway for Cardservice International – the first truly high-volume, high-availability Internet payment gateway that is now the First Data Global Gateway.
About Maas Global Solutions Corporation
Maas Global Solutions Corporation (MGS) is a transaction technology development company that owns and operates a state-of-the-art, fully redundant, load balanced data center that is Payment Card Industry (PCI) Level I, SAS 70 and Health Insurance Portability and Accountability Act (HIPAA) certified. MGS uses the latest security methods to keep sensitive customer information safe and secure. The MGS data center is currently used by thousands of retail and card not present merchants, has an 99.99% uptime and has the excess capacity to process over 100 times the current processing volume and 10’s of thousands more merchants without significantly adding to the hardware configuration.
MGS founder and CEO Troy Maas – along with his team of engineers – built the LinkPoint Payment Gateway for Cardservice International in the late ‘90’s, the first truly high-volume, high-availability Internet Payment Gateway that is now the First Data Global Gateway. MGS brought the key players from that effort back together to build the transaction processing solutions focused on bringing market success to our Partners, Customers and to MGS.
MGS is also a registered ISO/MSP of First National Bank of Omaha – Omaha, Neb. For more information, please visit: http://www.maasglobalsolutions.com
About PRIDE Payments Network LLC
The merchant acquiring ISO – PRIDE Payments Network LLC (PRIDE) – was incorporated by Doug Byerley on Nov. 3, 2010 and has quickly built strong relationships within the electronic payments industry. The company is moving to establish the industry’s first, all-in-one commercial processing solution built exclusively to provide small to mid-sized merchants with a 21st-century competitive advantage. The name PRIDE signifies a promise that employees and associates will deliver Professional Results In Daily Efforts. For more information, please visit:http://www.pridepaynet.wordpress.com.