Maximize Profitability THE PAPERLESS ROUTE FOR B2B AND B2C PAYMENTS
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Today’s Agenda
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Introductions
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Selling & Operational
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Paya X Nuvei
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Q&A
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Check 21
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Mobile Remote Deposit Capture mRDC
Introductions
Increa se brand aware ness
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Increa se brand aware ness
Chris Brundage
Dan Palmquist
Steve Bagley
Pam Mukiama
Vice President
VP, US Partners
Group Executive, B2B
Senior Partnerships Marketing Manager
Paya PAYA Nuvei acquired Paya in 2023
• Payment processing company with over 70k merchants • - “Paya ACH” division best-inclass ACH processing engine … 20+ years experience • Servicing over 200 ISO’s and ISV’s … and major processors
Now offering Paya ACH/Check solutions to Nuvei partners
• Formerly known as
GETI
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POLL #1
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Paper Checks …. “are they still around?” Consumers 2020
PERCENTAGE BY NUMBERS OF TRANSACTIONS
PERCENTAGE BY DOLLAR VOLUME
TRENDING
Check
7%
23%
Down
B2B 33% of B2B payments continue to be made via check
INEFFICIENCIES FOR MERCHANTS • Manual handling and deposits to bank • Lost/stolen checks • Bad checks 6
SOLUTION
Check 21 7
Check 21+ Overview Enables merchants to instantly convert paper check payments into electronic bank deposits
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Obtain paper checks by mail, at a dropbox, or in person.
Capture paper check image and scan the paper check through an imager connected to your POS terminal or PC to capture an electronic image.
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Transmit electronic bank deposit. Once transmitted, payment will be electronically debited from the customer’s checking account.
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Receive payment through direct deposit. Funds are electronically deposited into your business account within three business days.
Check 21+ Overview EFFORTLESS CHECK PROCESSING Remote deposit capture* that electronically processes any type of check, in a point of sale or consumer-not-present environment. • • • • • • •
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No ACH amount restrictions Check verification Guaranteed funding option Desktop terminal Optical Character Recognition (OCR) Automatic resubmission of NSF items Robust reporting
*Dual-sided imager required
Check 21+ Overview KEY BENEFITS INCLUDE:
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Simple payment acceptance – all forms of checks and money orders
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Enjoy higher checks limits and fewer limitations
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Avoid ACH restrictions
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All-in-one solution
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Accept checks in person, by mail, or at a dropbox
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Retrieve payments quickly with electronic deposits
How To Process ….. Three Options STAND-ALONE DESKTOP SOLUTION – CHECK IMAGER CONNECTED TO PC
CODE TO PAYA API
Code a third-party gateway or software provider to Paya API
THIRD-PARTY GATEWAYS THAT SUPPORT
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SOLUTION
Mobile Remote Deposit Capture mRDC
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Mobile Remote Deposit Capture Overview DEPOSIT ANYTIME, ANYWHERE WITH MRDC Mobile Remote Deposit Capture (mRDC) is a payment solution which must be integrated into your mobile application. It provides the ability to make mobile deposits directly through a device’s camera. •
One-stop mobile payment solution
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Simple integration
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No licensing fees
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No setup fees
Paya leverages Mitek’s MiSnap ™ technology
iOS 13
Android
Mobile Remote Deposit Capture Overview SAMPLE MOBILE IMAGING APPLICATION WORKFLOW 1
Customer phone application validates the end user credentials to customer application server.
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Customer phone application captures image via Mitek MiSnap and sends image to customer app server via SSL.
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Customer app server connects to Mitek Mobile cloud server using Mitek supplied credentials.
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Customer app server transmits image to Mitek via Web-Services API and Mitek responds back with enhanced images and enriched data.
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Customer app server interfaces with 3rd Party Payment processing, Risk Management, image archival or other systems.
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MiSnap™ Center check on dark surface
Provide ample light
REAL-TIME HINT MESSAGES: Align check & phone will take image
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Low-contrast background
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Busy background
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Wrong check front
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First time tutorial
Auto-mode overlay
Get Closer to Check
Success!
Real Time Messages
Success Animation
Wrong check back
Failover Message
Manual-mode overlay 15
Failover Tutorial
Merchant Reporting WWW.MYONLINEREPORTS.COM
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Can be private labeled with partner logo
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Merchant training available at no cost
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Multiple reports available to be emailed directly to the Merchant daily
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Exportable in multiple formats
OVERVIEW
Selling & Operational
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Why Offer Check21?
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Increase Residuals
Attrition
Sales Tactic
You CAN charge basis points! Capture processing volume that not currently getting
More services = stickier Merchant accounts
Lead with Check21 vs Bankcard
Top Verticals For Check21
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Auto Industry & Repair
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Healthcare, Dental & Veterinary
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Legal Services, Tax & Accounting Services
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Non-Profit
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Service Contractors (Carpet, HVAC, Plumbing, Pest, Lawn, Pool, etc.)
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Cleaning & Household Repair Services
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Property Management & Rentals
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Building & Construction
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General Merchandise
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B2B - Lockboxes
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Distributor & Delivery Services
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Storage Facilities
Setup and Operations
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PARTNER RESELLER AGREEMENT
Paya partner reseller agreement required
PRIVATE LABEL
All items and interactions can be private labeled (merchant agreement, funding descriptors, reporting, etc)
INTEGRATION - Merchant boarding - Transactions - Reporting
APIs … direct integration to Paya Platform
MERCHANT BOARDING
Paya merchant agreement executed … activated within 3 days
FLOW OF FUNDS
Paya debit consumer …. Paya directly funds the merchant
FUNDING TIME
2 business days (next day available)
REPORTING
Two Options: 1. Paya push to Partner …. Partner provides to merchant, or 2. Paya Online Portal
MERCHANT BILLING
Paya can bill Partner …. Or the merchant directly
PRICING
Refer to Schedule A (buy rate model)
NEXT STEPS: CONTACT NUVEI BDM TEAM
Q&A
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Why Nuvei?
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Seamless Global Pay-ins and Payouts
Best-in-class Performance Optimization
Omnichannel & Omniplatform
Scalable and Reliable
We offer the widest choice of pay-in and payout methods to support your expansion into new markets.
Convert more sales and boost your P&L with our proprietary, in-house, best-in-class optimization suite.
However, wherever you do business, get a complete payment experience online, instore, or in-platform.
A technology platform that gives you the peace of mind your business will always be on and scale seamlessly.
Personalized Integrations
Flexible, Modular & Agnostic
Smooth Payment Orchestration
On-demand Human-led Support
No matter your organization’s size, development capability, or need for personalization, we have the solution.
Customer-specific features rolled out seamlessly, instantly, globally. Includes regulatory and countryspecific customizations.
Manage complexity with data, insights, and a smooth payment orchestration platform.
Sophisticated merchants need dedicated human experts, not chatbots. We’ve got your back, always.