Quisitive Selects Visa to Modernize Payment Processing for PayiQ
November 09 2022 - 7:30AM
Quisitive Technology Solutions Inc. (“Quisitive” or the
“Company”) (TSXV: QUIS, OTCQX: QUISF), a premier Microsoft
solutions and payment solutions provider, today announced that it
has entered into a partnership with Cybersource, a Visa solution,
to directly access VisaNet and expand the payment acceptance model
for PayiQ.
By working with Visa, PayiQ opens a new
distribution channel of Independent Software Vendors (ISVs) to
connect directly to Visa, allowing acquiring banks to use Visa's
network and processing without the need for third-party payment
processors. Participating ISVs will select from a list of partner
payment processors, including PayiQ, to support the settlement
process. The technology infrastructure supporting this partnership
will enable the migration of BankCard USA merchants to the PayiQ
platform, validating the strategic migration plans announced by the
Company earlier this year.
Created to bring a new level of innovation to technology
companies and software vendors, this partnership combines
Cybersource’s acquiring solutions with PayiQ’s advanced suite of
automated management tools and settlement management to deliver
integrated payments. PayiQ’s cloud-enabled platform offers a
breakthrough in streamlining traditional back-office operations for
resellers. In addition to a configurable management dashboard,
PayiQ offers automated onboarding and underwriting for same-day
merchant identifications, as well as direct control over pricing,
automated chargeback management, and immediate access to all
merchant data. The complete offering will help drive accessibility
to creative commerce solutions and new technologies that improve
the payments experience for resellers and merchants alike. “We are
excited to be able to partner with Cybersource to deliver a new,
cloud-enabled processing solution that transforms what has been a
host of slow, manual management processes to a 21st century level
of automation,” says Jana Schmidt, President of Quisitive’s Global
Payments Solutions. “This infrastructure is just the start of a
collaboration that will continue to support innovative products and
services while driving new verticals, new geographies, and new
technologies.”About Quisitive:Quisitive (TSXV:
QUIS, OTCQX: QUISF) is a premier, global Microsoft partner that
harnesses the Microsoft cloud platform and complementary
technologies, including custom solutions and first-party offerings,
to generate transformational impact for enterprise customers. Our
Cloud Solutions business focuses on helping enterprises move,
operate, and innovate in the three Microsoft clouds. Our Payments
Solutions division leverages the PayiQ platform powered by
Microsoft Azure to transform the payment processing industry into
an entirely new source of customer engagement and consumer value.
Quisitive serves clients globally from seventeen employee hubs
across the world. For more information, visit www.Quisitive.com and
follow @BeQuisitive.
Quisitive Investor ContactMatt Glover and John
YiGateway Investor RelationsQUIS@gatewayir.com 949-574-3860
Cautionary Note Regarding Forward
Looking Information
This news release contains certain
“forward‐looking information” and “forward‐looking statements”
(collectively, “forward‐ looking statements”) within the meaning of
applicable Canadian securities legislation regarding Quisitive and
its business. Any statement that involves discussions with respect
to predictions, expectations, beliefs, plans, projections,
objectives, assumptions, future events or performance (often but
not always using phrases such as “expects”, or “does not expect”,
“is expected”, “anticipates” or “does not anticipate”, “plans”,
“budget”, “scheduled”, “forecasts”, “estimates”, “believes” or
“intends” or variations of such words and phrases or stating that
certain actions, events or results “may” or “could, “would”,
“might” or “will” be taken to occur or be achieved) are not
statements of historical fact and may be forward‐looking
statements. Forward‐ looking statements are necessarily based upon
a number of estimates and assumptions that, while considered
reasonable, are subject to known and unknown risks, uncertainties,
and other factors which may cause the actual results and future
events to differ materially from those expressed or implied by such
forward‐looking statements. These forward-looking statements
include, but are not limited to, statements relating to: the use of
proceeds from the New Loan; the Company’s future business strategy,
competitive strengths, and goals; the expansion and growth of the
Corporation’s business, operations and plans; dependence on
economic and market conditions including; the future success of the
Company’s PayiQ platform; and projected milestones and timelines.
The risks and uncertainties that may affect forward-looking
statements, or the material factors or assumptions used to develop
such forward-looking information, are described under the heading
"Risks Factors" in the Company's annual information form dated June
23, 2022, which are available under the Company’s issuer profile on
SEDAR at www.sedar.com. There can be no assurance that
forward-looking information, or the material factors or assumptions
used to develop such forward-looking information, will prove to be
accurate. The Company does not undertake any obligations to release
publicly any revisions for updating any voluntary forward-looking
statements, except as required by applicable securities law.
Neither the TSX Venture Exchange nor its
Regulation Services provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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