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Quisitive Technology (TSXV:QUIS) receives certification by Visa for its LedgerPay platform

Technology
TSXV:QUIS
23 June 2022 11:15 (EDT)

Source: Quisitive.

Quisitive Technology Solutions (QUIS) is now certified to process Visa credit and debit payments through its LedgerPay platform.

After finalizing the configuration and installation of Visa’s hardware in April 2022 and conducting joint certification tests, Quisitive is now approved to process transactions through Visa.

The company previously closed its United States bank sponsorship with The Bancorp, the Canadian bank sponsorship with Peoples Trust Company, as well as the previously announced Mastercard Certification.

This achievement of Visa certification further expands the company’s network and positions the company to begin to onboard merchants to LedgerPay.

The company is in the process of completing additional certifications with American Express and Discover.

In addition, onboarding for customer one to the LedgerPay platform is currently underway and is expected to be completed in the third quarter of 2022.

“Today represents a key milestone by our LedgerPay team and takes us one step closer to commercial utilization of the LedgerPay platform and our innovative Payments Intelligence solution,” noted Quisitive CEO Mike Reinhart.

“For the first time, retailers and restaurants will be able to instantly identify and engage their customers on a 1:1 basis to drive personalization at scale,” he added.

Quisitive is a global Microsoft partner that harnesses the Microsoft platform and complementary technologies, including custom solutions and first-party offerings, to generate transformational impact for enterprise customers.

Quisitive Technology Solutions Inc. was up 3.448 per cent, trading at $0.60 at 10:48 AM ET.

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