NMI Launches FACe, Gateway Platform for Payment Facilitators

Explore this investment 12.08.15

ROSELLE, Ill. & PLEASANT GROVE, Utah–(BUSINESS WIRE)–NMI, a payments enablement technology company, today announced the release of its new payment facilitation gateway platform. FACenablement (FACe) is a fully brandable gateway platform built specifically to meet the technical and operational needs of payment facilitators. FACe made its debut this past October in Las Vegas at Money 20/20, a global event for financial services innovation. After enjoying a successful soft launch, FACe is now ready for widespread commercial release.

“FACe effectively negates any need for payment facilitators to build their own technology,” said NMI CEO Roy Banks. “FACe saves payment facilitators the considerable time and capital required to engineer a payment platform from the ground up,” added Banks. “Instead, they can leverage our platform’s ready-to-deploy features and value-added services to accelerate go-to-market timeframes,” continued Banks.

“We focused on speed, simplicity and elegance, which are the three key elements of payment facilitation, and incorporated them into every aspect of the FACe platform,” said Nick Starai, vice president of product development for NMI. “FACe stands alone as the only platform of its kind currently available for payment facilitation,” added Starai.

FACe leverages NMI’s leading brandable and agnostic payment gateway to power robust payment facilitator enablement capabilities. As a result, FACe is able to accommodate both sub-merchant and traditional merchant accounts. The platform provides payment facilitators with solutions for sub-merchant management, including real-time onboarding, account management, know your customer requirements and reporting, billing and accounting services, and statements and reconciliation reporting. In addition, NMI offers back-office technical support for both payment facilitators and their sub-merchants.