Payments Solutions Update
On February 17th, we released a business update that included several key milestones from our Payments Solutions business. Quisitive remains keenly focused on the testing and certification of LedgerPay in order to enable payment processing across all major card brands. Here are the relevant updates for our payments business. You can read the full release here.
- Quisitive has received the necessary hardware and is in the final stages of testing with Mastercard and anticipates full certification within the next two months, which will enable Quisitive to accept payment from any major card brand. Visa certification is also underway and will follow in the coming months.
- Quisitive will have the ability to onboard customers and process payments from all major card brands beginning in the second quarter.
- The Company is also pleased to share that it has initiated a process with American Express for the OptBlue and AMEX direct payment processor services.
- LedgerPay’s payment processing services will be operationalized in phases throughout 2022, with a focus on initial pilot customers in Q2, migration of BankCard USA customers to the LedgerPay platform beginning in Q3 and continuing over the subsequent four quarters.