Payably partners with CardConnect to simplify mobile payments for small businesses
Payably, which calls itself a fintech platform offering one of the only mobile payments products to integrate data with QuickBooks Online in real-time, has announced its partnership with CardConnect, a payment processing and technology company.
Payably will integrate CardConnect's payment processing technology with its already-existing mobile payments platform, according to a press release.
Houston-based Payably said this strategic partnership enables it to streamline its merchant services offering by simplifying and speeding up each aspect of the mobile payments process — the initial onboarding (registration and approval), processing payments, and receiving payments.
Additionally, this partnership provides Payably with the flexibility to offer competitive card processing rates and increases the level of data security integrated into the platform.
"CardConnect's recent focus has been on attracting innovative partners and developing our strategic relationships with products like Payably," Angelo Grecco, chief business development officer at CardConnect, said in the release. "Through these partnerships, we are able to better service our SME customers both directly and indirectly."
Payably announced changes to its subscription offerings in conjunction with the partnership. It now will offer three distinct services, which can be bundled based on customer needs — a shift from the all-in-one platform previously offered:
- Payably NOW is a mobile payments app powered by CardConnect that is compatible with chip cards and NFC payments.
- Payably SYNC is a mobile point of sale (mPOS) app that syncs data between mobile payment transactions and QuickBooks Online in real time, including customer data, SKUs, and tax rates.
- Payably INSIGHT is a technology that works with Payably NOW and Payably SYNC to generate up-to-the minute reports based on transactions, providing insight into sales, revenue and customer data.