NMI, the unified commerce enablement company, announced on Tuesday (Oct. 16) its unified payments engine for ISOs, FinTech innovators and technologists.
In a press release, NMI said the solution enables the company's partners to deliver a simpler payment platform to merchant clients that meets all the points of engagement. By using a unified token, NMI is able to provide a singular view of customer and payments data. It can, in turn, be used to develop cross-channel services, providing the opportunity for a new revenue stream and an improved customer experience, NMI said in the press release.
"Our unified commerce platform, which is available today, provides 100+ EMV payment device certifications across the U.S. and Europe, along with unmatched processor connections and shopping cart integrations that put our partners in a league of their own,” said NMI CEO Vijay Sondhi in the press release. “This, coupled with the tokenized payments data, sets the foundation for our partners to become their merchants’ one-stop shop across all payments channels. Our solutions are already in use across numerous verticals, including retail, transportation, hospitality, medical, non-profit, parking and vending.”
According to NMI, its unified payments engine is one of the only platforms that takes transactions from all points of engagement — in-store, mobile, online and self-service — and makes them accessible through a single view of the customer. For every transaction, NMI's Unified Token Vault keeps a unique tokenized payment credential within a single repository for all payments data.
In February, NMI agreed to acquire Creditcall, a payments gateway and EMV solutions provider based in Bristol, England. The combined entity, NMI said in a release, will account for more than $45 billion of payment volume globally, more than 165 processor integrations and 100-plus device certifications. In the release, the company said the acquisition — where financial terms were not disclosed — “reflects the ongoing growth investment and commitment of NMI’s investors, Francisco Partners and Great Hill Partners.”