PAYMENTS

Merrco Payments Launches Advanced PayHQ Platform to Enable Seamless Payment Solutions

Merrco Payments | January 14, 2022

Merrco_Payments_Launches
Merrco Payments Inc. (“Merrco”) launched the PayHQ platform with enhanced functionality for seamless and secure payments for businesses worldwide. As companies today have a robust approach towards implementing technology patterns into the payment processes for merchants from the U.S. and Canada, Mercco has integrated updated functions in the PayHQ platform so that businesses can process integrated payments legally at the same time.

With the help of PayHQ, technology providers for POS systems and Integrated/Independent Software Vendor (ISV) partners can now grow eCommerce clients base through enabling Payment Card Industry Data Security Standards (PCI DSS) compliant checkout experience. Interestingly, Merrco’s payment portal enables omnichannel payment processing across the U.S. and Canada through a solitary interface and connection.

With that announcement, PayHQ is now serviceable for seamless REST API integration with POS and ISV partners, which enables in-person and online payment card acceptance. The acceptance includes CBD and cannabis ancillary businesses in the U.S.

“We are excited to launch our comprehensive PayHQ solution in the U.S. “It’s a gamechanger to offer solution providers access to a robust payments platform through a modernized integration for both online and in-person purchases within our core vertical and beyond, of course,” said Fern Glowinsky, Merrco’s President & CEO.

PayHQ is an influential end-to-end payment platform. It enables strong transaction authorization through Merrco’s cloud-based technology and offers businesses real-time reporting with valuable insights and data. PayHQ integrations are available for both in-store and eCommerce businesses.

Spotlight

The Morningstar Category classifications were introduced in 1996 to help investors make meaningful comparisons between mutual funds. Morningstar found that the investment objective listed in a fund’s prospectus often did not adequately explain how the fund actually invested. For example, many funds claimed to be seeking “growth,” but some of those were investing in established blue-chip companies while others were investing in small-cap companies. The Morningstar Category classifications solved this problem by breaking portfolios into peer groups based on their holdings. The categories help investors identify the top performing funds, assess potential risk, and build well-diversified portfolios. Morningstar regularly reviews the category structure and the portfolios within each category to ensure that the system meets the needs of investors.

Spotlight

The Morningstar Category classifications were introduced in 1996 to help investors make meaningful comparisons between mutual funds. Morningstar found that the investment objective listed in a fund’s prospectus often did not adequately explain how the fund actually invested. For example, many funds claimed to be seeking “growth,” but some of those were investing in established blue-chip companies while others were investing in small-cap companies. The Morningstar Category classifications solved this problem by breaking portfolios into peer groups based on their holdings. The categories help investors identify the top performing funds, assess potential risk, and build well-diversified portfolios. Morningstar regularly reviews the category structure and the portfolios within each category to ensure that the system meets the needs of investors.

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