- Intelagy
card processing solution promises to save merchants significant costs
- Business
model is subscription-based instead of charging according to credit card
processing volume
- Company’s
flat fee structure begins at $29 per month
Accelerated Technologies Holding Corp. (OTC: ATHC) has
reported an overwhelmingly positive response to its new credit card processing
solution. ATHC’s managing director, Alex Lemberg, recently spoke to
NetworkNewsAudio’s Stuart Smith about the company’s innovative business model
and the goals that it has for the rest of the year (http://ibn.fm/o6iEf).
ATHC, which provides consulting and develops technology
products and services, recently launched Intelagy, which provides a range of
services, including credit card processing, branding, web development and
hosting solutions, to small-to-medium businesses. “Yesterday we did our first
fairly decent-sized marketing campaign,” Lemberg said in the interview (http://ibn.fm/XQzgu).
Intelagy is subscription-based, meaning that merchants can
choose to pay for the level of service that suits their business needs. Instead
of the traditional service model which charges clients according to the volume
of their card processing payments, Intelagy charges its clients a flat fee.
According to Intelagy’s fee structure, organizations that process $100,000 per
year would pay a subscription fee of $29 per month, while those which process over
$1 million per year would pay $199 per month.
Lemberg added, “Think about the ridiculous amounts of cost
savings and just the logic behind that, right? Today, if your business is doing
$500,000 in credit card processing, you’re paying a percentage of that to those
independent sales organizations. And when your business goes from $500,000 to
$1 million, you’re still paying a percentage. So, really, you’re getting
dinged, for lack of a better word, the better your business actually operates.
And there’s just no logical reason behind it.”
ATHC’s managing director spoke of the company’s two main
goals for 2018: to reach 100,000 merchants and to launch subsidiary FinBridge,
which will lend capital to alternative business lenders. Among these lenders
would be independent sales organizations offering debit and credit card
processing services to merchants. FinBridge is being designed to find
inefficiencies in organizations the provide consumer loans and help them
improve operations via better controls and lower risk factors.
The company’s portfolio also includes IconXchange, currently
being developed to fund personality brands. The platform will use blockchain
technology and provide an open, decentralized infrastructure that will allow
individuals to obtain and exchange investment in personalities of the world of
sports and entertainment.
ATHC also owns XStreamCorp, which is described as a
revolutionary “reality gaming social network.” XStreamCorp was designed to
compete with Facebook’s social gaming market and will incorporate proprietary
technology to provide users with streaming video, audio and messaging
capabilities.
Speaking of how ATHC hopes to impact small to mid-sized
business, Lemberg voiced hope that his company will assist clients in becoming
more cost effective, both in terms of credit card processing and securing
sustainable financing for business growth.
“From a credit card processing perspective, we will begin to
give them services that they would never be able to afford, or even know
existed from a technology perspective. And then, more importantly, when they
need money to actually grow or sustain or cover a particular time of the year,
like a season where they can use more inventory, we will bridge them to more
affordable, less predatory, more sustainable financing products,” he concluded.
For more information, visit the company’s website at www.ATHCorp.com
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