VANCOUVER, British Columbia and CHICAGO, May 5, 2016 /CNW/ -- NXG International, a provider of payment services and solutions in Canada, today announced a strategic partnership with CardX, a technology provider of service fee solutions (patent-pending). NXG International will bring CardX's innovative solution, Intelligent Rate, to qualifying merchants in Canada. Intelligent Rate gives eligible businesses and institutions the capability to accept credit card payments paying no cost for the transactions. This is a "revenue-neutral" card acceptance solution which also allows consumers to choose the fee they pay.
New rules from the card brands enable merchants in eligible categories (Utilities, Property Management, Universities, Elementary & Secondary Schools, Childcare, Fines, and Taxes) to use the service fee model to process card-not-present transactions at 0% cost.
Using CardX's Intelligent Rate solution, NXG International are able to provide its Canadian merchants a dynamic service fee solution that fully complies with the new rules. The technology determines card type in real time and prices the service fee in proportion to the transaction cost, improving affordability for cardholders.
Brian Price, CardX's Executive Vice-President of Sales Partners, stated, "We are excited to partner with NXG International to serve the Canadian marketplace. Their international scale and expertise are a great complement to our innovative work as a technology startup."
"I am proud of the NXG International and CardX team, for being able to bring to Canada, as part of their World Access roll-out, a unique and innovative system that allows eligible businesses to have their credit card processing costs financed by their customers accurately and legally - in real-time," said Giuseppe Caltabiano, President of NXG International. "After EMV and Interac Flash, CardX-NXG International is the next revolution for accepting payments in Canada."
NXG International delivers state of the art payment solutions to merchants. NXG International is a part of World Access, the first unified sales program enabling MSPs, ISOs, and independent sales agents to sell globally in 30 countries and get paid in their home currency. NXG International, along with the parent group, won the prestigious "2016 ISO of the Year" Award by the Electronic Transaction Association (ETA).
There is a company operating under the name "NXGEN Canada" that is not a part of the NXGEN International group. NXGEN International trades in Canada under the brand NXG International.
SOURCE NXG International
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