May 19, 2016

Beanstream USA launches payment processing solution for business

Pioneer of payments processing expands service offerings in the U.S. market with tools for merchants and partners to adopt seamless payment solutions to enhance their business

VICTORIA, BC -- Beanstream, a Bambora company, today announced their expanded service, Beanstream USA that allows merchants and integrated partners to accept payments in the U.S., with seamless online onboarding and simple pricing tools. SaaS and cloud-based companies continue to disrupt industries and are transforming the digital evolution of B2B payments. According to a Transparency Market Research study, the global SaaS market, valued at US $23.88 billion in 2014, is forecast to expand at a significant CAGR of 27.9% from 2015 to 2022. With this rapidly increasing demand for outsourced software and services, the importance of secure, seamless payments processing and authentication is more apparent than ever. Beanstream USA is the new solution that provides businesses with the tools that are integral to payment processing, including an online onboarding API, best-in-class online payment forms, a dedicated developer portal, and tokenization.

"This represents a significant milestone for us. We've built our company from the ground up over the last fifteen years to perfect all elements of our payment solution," said Craig Thomson, President of Beanstream. "Our customers trust and rely on our solutions. We've worked hard to earn a NPS (Net Promoter Score) of 84, well above the industry average. Today, we are pleased to expand our portfolio of innovative solutions to our partners in the U.S., enabling their customers to achieve faster settlements, 24/7 payments, flexible accounts and no fixed contracts. We are committed to delivering these key offerings to our U.S. partners with the right payments tools, complemented by industry-leading customer support."

Added Ryan Stewart, Head of Product. "Our customers, especially those with a solution or software that they want to round-out by also facilitating payments, have expressed the importance of ease of use and seamless integration. They want to focus on their business specialties and let us focus on payments. As a result, Beanstream USA uniquely delivers on a single platform that allows U.S. clients to seamlessly expand their business to Canadian markets with less or no integration work, making it easy to go into new regions faster."

Beanstream USA is the first payment processing platform to offer an API that allows partners to control the entire onboarding experience. Partners can have a seamless online application process from start to finish, with their branding throughout. For more information on full features of Beanstream USA, visit:



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