iCheckGateway.com (iCG), an Inc. 5000 company and Nacha’s Preferred Partner, recently announced that it joined the Nacha’s Payments Innovation Alliance. The technical specialists at iCG will now work directly with the executives of top financial institutions, enabling them with the knowledge and technology needed to succeed at payment processing to help business owners revamp their payment processes with emergent technologies.  

The latest studies by Proficient Market Insights show that the global payment processing market size is projected to reach $248.97 Billion by 2028, growing at a stellar CAGR of 14.47% over the next six years. Additionally, trends suggest that the recent COVID hit pushed most consumers to shop online. These trends exponentially increase the need for seamless, effective, and low-cost payment processing solutions. Most financial institutions with legacy technology are not equipped to handle the needs of their commercial clients and consumers due to the sudden increased need for digital payment technology. This is where tech-savvy payment processors like iCG paves the way with innovative payment solutions.  

“Merchants that want sustainable growth need to start thinking long-term and implement creative solutions as early adopters. They need to lead with technology to start making an impact that puts them miles ahead of their competitors,” said Jason Estes, CEO with iCG. “Survival is no longer only about planning for the next financial crunch or pandemic. Instead, hyper-growth companies need to take steps to fend off existing competition by creating a moat that preserves them for the foreseeable future. The decision-makers owe their consumers and investors smart choices that define the organization’s long-term growth.”  

A hands-on approach separates iCG from the other payment processors in the market. The team here is entirely focused on having a one-on-one approach with their clients both on the technology and compliance fronts. “We don’t want to give the business owners fancy new payment processing technologies just to turn around and leave them in the dark for the next few years. Instead, our team is explicitly focused on helping the executives succeed with the adoption and implementation processes within compliance limits. We want the merchants to get the utmost benefits from using these tools,” said Estes.  

In an effort to enable more merchants, the iCG team works with C-level executives of small and large companies, helping them set up compliant payment processes online with a variety of solutions. As a member of Nacha’s Payments Innovation Alliance, iCG will actively work with entrepreneurs and established enterprise owners to help enable them with the necessary emergent payment technologies like mobile payments, email invoicing, SMS payments, IVR payments, recurring billing, and more. iCG partnered with several ISOs and resellers to reach a wider audience and enable more merchants to stay with the ever evolving requests to enhance the consumer payment experience.

Estes explained, “Actively collaborating with software vendors and sales organizations increases our reach to help a wide range of merchants across various industries. We are already designing customized solutions for insurance, municipalities, utilities, banking, and more. As a member of Nacha's Payments Innovation Alliance and the help of our partners, we aim to reach the millions of business owners who need advanced low-cost payment processing tools to succeed.”