Qualpay: A Revolutionary Omnichannel Payment and Reporting Platform

Qualpay is a leading provider of integrated, omnichannel payment solutions. The company's cloud-based payments platform enables businesses to modernize strategically through the use of reporting intelligence to streamline the payment process. Qualpay addresses and resolves the payment challenges businesses face and ensures a stronger, more robust infrastructure for the merchant, developer and partner community. Simply, the company enables a better way to manage •payments.

Qualpay was started by a group of long-time payment industry veterans and seasoned programmers whose mission was to bring the next generation of payment processing innovations to market.

In 2014, the company introduced an integrated, cloud-based processing platform combining a merchant account with solutions that enable businesses to accept payments across all of today's sales channels. In 2015, Qualpay closed its Series A funding round to further advance business ambitions. Today, the company's dream of bringing the most advanced and easy-to-use payment platform to merchants, ISV, ISO and developers everywhere has become a reality.

At Qualpay, the team always has the business top of mind. Its fully-integrated payments platform combines a merchant account with a payment solution and reporting that businesses require.

Creating a Frictionless Shopping Experience

Today's shoppers demand convenience, comfort, speed and a laser-like focus on their personal needs. They also expect that paying for their products and services will be done as quickly and simply as possible. Now more than ever, a business requires the advantages of a fully-integrated payments platform that allows them to optimize payments' cash reconciliation and operational expenses. Keeping the customer preferences in mind Qualpay developed an innovative payment and reporting platform that offers distinct services which include:

•  Integrated Payments Platform: allows business to accept payments however and wherever a consumer makes a purchase today, all with one merchant account.

•  Business Intelligent Reporting: enables better cash flow management, allowing business to connect every sale to cash, all via one mobile-friendly interface. This helps businesses save time and money.

•  Interactive and Efficient Boarding: Qualpay simplifies boarding by offering an easy to complete online

In this digital age, there are more payment options for consumers than ever before. Selling through just one sales channel is not enough anymore. This new payment universe has also created other challenges for merchants and partners. Data collection is more difficult. Security concerns are greater. And fees have the potential to be much higher. The answer is an integrated payment solution with one merchant account to support all the ways customers make payments. This is exactly what Qualpay delivers.

Qualpay's cloud-based platform takes the complexity out of payment transactions, making it easier than ever to process payments in all the ways consumers make purchases today. The reporting intelligence (RI) and data analytics allow the company's merchants and partners to efficiently manage their payment finances, saving time and money. The Qualpay platform also allows merchants and partners to anticipate and react to future business developments with in-depth and robust analysis that can inform business decisions and drive operational efficiencies—all leading to further success down the road.

A Leader with Unmatched Industry Knowledge

Craig Gass is CEO of Qualpay. Craig is responsible for setting the strategy and direction of Qualpay, building and leading Qualpay's senior executive team, managing the overall operations and allocating capital and resources to Qualpay's priorities.

Craig has over 30 years of legal and management experience in the financial institution and payments industry, working in both publicly traded and privately held companies. He has worked as General Counsel in the financial institution industry, including ten years with Bank of America, becoming General Counsel of BA Merchant Services, an NYSE listed bank affiliate providing credit and debit card electronic payment processing to businesses and agent banks.

The Complex Payment Ecosystem

Craig believes the payments ecosystem has evolved into a complex, global phenomenon. With more payment options for consumers than ever before, it's important that they receive a simple experience whenever products and services are being purchased.

To achieve this, merchants need a payment platform that is versatile, secure and as seamless as possible. Merchants also need to deliver a seamless shopping experience that keeps the customer top of mind with an omnichannel approach from start to finish. This means, eliminating downtime and allowing the customer to make purchases wherever and however they like, regardless of any channel whether it's through a web browser, mobile app or in-person with cash, card, check or mobile wallet.

As of late, merchants have kept their legacy payment systems at pace with the evolution of consumer demands by continuing to add on new applications. While this has enabled businesses in the interim to process different methods of payment, there are back-end and long-term challenges that are not efficient or cost-effective.

Future Plans and Industry Outlook

Qualpay provides a one-stop-solution for all payment needs. By building the platform on cloud infrastructure, Qualpay is able to provide flexibility to the merchants, allowing them to accept and process any kind of payment. In addition, a cloud-based system gives real-time access to live data and sales reports as well as easy integration with additional software used within the sales organization.

The company is growing fast and the challenge is to keep efficiency during this growth while delivering innovative products and keeping the customers happy.

The industry is also changing: there are a lot of legacy providers out there that still use old technology. In order to innovate, they will need to change their business model or buy new technologies. Qualpay expects a lot of mergers and acquisitions in the times ahead, and the rise of new players in the industry.