On February 22, 2023, NMI, a premier comprehensive commerce enablement technology business, announced that it had a milestone year in 2022 and expects to grow in 2023.
Through the acquisitions of IRIS CRM and Agreement Express, NMI has expanded its commerce enablement offering to improve merchant underwriting, onboarding, management, and risk monitoring, strengthening its goal to allow payments from sign-up to pay-out for channel partners and merchants.
Vijay Sondhi, CEO of NMI, stated, "The world of payments continues to evolve with the ever-growing demand for seamless payment solutions, especially for ISVs and those embracing software-led payments."
He further added, "To enable our partners with the tools that create a seamless payment experience their merchants demand, we're equipping them with expanded solutions beyond our robust payments platform, including a fully customizable merchant application offering, digital risk scoring, automated underwriting tools, effortless onboarding to acquirer platforms and ongoing risk management."
(Source – Cision PR Web)
The company concluded 2022 with over 3,500 ISV, ISO, and fintech partners, 300,000 merchants, 2.2 billion transactions, and $200B+ in payments flow. It also partnered with Kount and Scheidt & Bachmann. NMI joined Equifax-owned Kount lately. Kount's extensive AI-driven filters and NMI's fraud protection solution detect questionable transactions before they are accepted. The relationship with Scheidt & Bachmann, a global mobility solution supplier, includes a new payment system for UK parking pay stations to improve payment reliability.
In addition to acquisitions, collaborations, and product advancements, the 'NMI Cares Initiative' supported 100+ NMI employees locally. TechSparks named NMI a Top Tech Workplace. This award recognizes NMI workers. NMI received over 300 entries for the 2022 Investors in People Awards Employee Engagement Award. In general, employee and people management-focused UK organizations receive this award.
The company will innovate and deliver industry-leading solutions to partners from sign-up through pay-out in 2023.
About NMI
NMI is a global payment enablement platform that processes over $180 billion in payments yearly. The company processes payments for over 3,200 partners and 260,000 merchants worldwide and throughout the entire commerce ecosystem - online, in-app, mobile, in-store, unattended, etc. In addition, it is continually innovating to fuel the next wave of payments, including cutting-edge technology, so that ISVs, ISOs, banks, and fintech entrepreneurs can focus on what they do best. NMI has offices in the United States and the United Kingdom and serves customers worldwide.