iMobile3 Announces Partnership with Payment Fabric

 In iMobile3, Internet of Things, News & Press Releases, Partners, Payments

Partnership expands iMobile3’s value-added service offering for payment providers and merchant acquirers

Las Vegas, NV and Jacksonville, FL – May 11, 2017 – iMobile3, the leading provider of retention software solutions, today announced a new strategic partnership with Payment Fabric, a leading platform for real-time fee computation and money movement. The integration with Payment Fabric provides iMobile3’s acquiring partner network with customized Merchant wallet capabilities for an improved customer experience.

“As a platform provider serving the acquirer industry, iMobile3 is always looking for services and innovations that we can integrate to benefit our partners,” said Chad Corbitt, Chief Operations Officer, iMobile3. “Our partnership with Payment Fabric leverages faster payments and blockchain technology to benefit our partners today.

Payment Fabric’s integration with iMobile3’s commerce suite of point of sale applications and customer portals combines traditional payment card processing with closed-loop prepaid, gift, stored value, cash back, rewards, and ACH card solutions.  Merchants can now customize their own wallet solution in the morning and deploy in the afternoon.

“Consumers do not want to fumble with payment, gift, reward, loyalty at the point of sale.  They just want everything to work with a single payment credential.  Payment Fabric’s ‘split tender gateway’ technology makes this seamless”, says Randy Leonard, CEO, Payment Fabric.  “In addition, Merchants need a simple and inexpensive way to define new payment products and have real-time visibility to their transactions, fees, chargebacks, and other data. Payment Fabric’s unique product definition dashboard provides easy customization whereas our blockchain technology provides instant insight to real-time transactions.”

Payment Fabric was recently named a finalist for the ETA Transact Payments Pitch-Off. They will compete in a shark tank-style competition with nine other payment start-ups for the chance to win $25,000. The Pitch-Off takes place on the show floor on Thursday, May 11th.

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