After a succesfull pilot, Cox Business is launching a payment service for small and medium-sized businesses across its footprint.
Cox Business, which partnered with Acculynk to provision the PayLeap service, said it was the first MSO to offer a managed payment service. The cloud-based service allows small and medium-sized businesses (SMB) an all-in-one suite of payment processing capabilities. Cox Business said it would be available to all of its 300,000 business customers later this year.
Acculynk's platform provides a suite of secure payment options for many different processing environments and includes a patent-protected solution for online and mobile PIN debit transactions.
"As our business customers embrace cloud delivered solutions to improve business performance, Cox Business will continue to bring the best of those to them – together with data, voice and video services," said Asheesh Saksena, executive vice president and chief strategy officer, Cox Communications. "Most businesses collect payments and PayLeap is an industry leading, cloud delivered solution that offers SMBs an efficient, simple to use, cost saving alternative."
Included with PayLeap are gateway services and merchant services. PayLeap merchant services also include PayLeap's “growth advantage tools” that were designed to help small businesses take advantage of additional sales channels, growth opportunities and timesaving technologies.
Additionally, Cox Business customers will have access to Internet PIN debit, a PayLeap payment method that allows e-commerce merchants to steer consumers to PIN debit via PaySecure, Acculynk's online, graphical PIN pad.
"This strategic relationship with Cox Business will provide businesses with tools to grow and strengthen their organizations," said Nandan Sheth, president, Acculynk. "Cox Business customers will now have a one-stop solution for bundled services that allow them to aggressively manage transaction costs while getting the benefit of world-class customer service."