- 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://nnw.fm/092Vp).
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://nnw.fm/MepP1).
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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