Paysafe, specialized payments platform, announced its partnership with the Tenenesse-based integrated business management solutions provider, Celero Commerce. Paysafe will support Celero Commerce’s independent sales organizations (ISOs) in their expansion.
Founded in 2018 Celero Commerce currently serves approximately 25,000 American merchants. The collaboration will allow the company to take advantage of 20-year experience of Paysafe assisting in US-focused ISOs growth. Celero Commerce-owned ISOs will also benefit from this, including acquired in Q4 2018, UMS Banking, and acquired in Q2 2019, Elmhurst Financial Services and Tandem Innovative Payments Solutions.
Celero Commerce’s ISO portfolio and its 150 financial institution partners will be able to take advantage of Paysafe’s know your customer (KYC) and risk management processes and proprietary and third-party payment gateways.
O.B. Rawls, CEO of Global Payment Processing at Paysafe, commented:
We’re confident that our specialization in the verticals in which Celero operates, combined with our wider experience in card-not-present payments in the US market, will lead to strong revenue growth and an enduring business relationship.
Kevin Jones, CEO of Celero Commerce, said:
We are excited to partner with Paysafe to start our Strategic Acquiring Channel. Our financial institution partners value every customer relationship, and this platform will enable us to support them even more.
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