Sionic Launches the First Pay-by-Bank Reseller Program in the U.S.

ISOs, Agents, ISVs and other resellers offered a new tool to beat ordinary payments competitors

ATLANTA--(BUSINESS WIRE)--Sionic, a leading provider of omni-commerce, consumer-to-business payments solutions, today announced the September 1st launch of a unique resellers program aimed at ISOs, Agents, ISVs and other resellers looking to step up their game and provide merchant clients with a new Pay-by-Bank service in the U.S. Resellers may pre-register here.

Resellers’ merchant clients benefit from Pay-by-Bank instant digital cash deposits from customers at the point of sale and enjoy an average 2% cost savings over card swipe fees. Pay-by-Bank is a real-time, bank-to-bank payment service that uses The RTP Network® provided by The Clearing House.

“We’re excited to be offering resellers a brand new tool to help acquire and retain merchants,“ said Charles Jackson, Account Specialist for Sionic. “Giving merchant clients access to instant cash deposits at checkouts and bypassing expensive card swipe fees is truly an inflation buster.”

Merchants may use their existing point of sale systems by simply selecting cash as the tender during checkouts. Sionic provides resellers with a free CODE Pay merchant app that allows merchants to accept the digital cash direct deposits to their business checking accounts while enabling QR Code-based prepaid orders for takeout or in-store consumption.

Ronald Herman, CEO of Sionic, added, “We’ve modeled our reseller program to surpass best-in-class programs in the card payments processing industry. Not only is our revenue sharing plan aggressive, but we use our own real-time payments platform to give resellers instant access to their commissions.”

About Sionic

Atlanta-based Sionic is leading The Great Reallocation in digital payments by delivering instant bank-to-bank transfers from consumers to merchants. A Google Cloud service, Sionic's market first ULink™ is bringing real-time direct deposits to the point of sale via mobile, online, in store or in vehicle experiences. The company has partnered with top financial institution owners of The RTP Network for bank payments and CyberSource, a Visa solution, for secure card payment processing. Merchants accepting real-time payments bypass expensive card swipe fees and receive POS cash deposits immediately. Consumers may receive perks for paying with their bank accounts.

For more information visit www.sionic.io or follow the company on Twitter at @Sionic_io.

Contacts

For Sionic
Anna Stanley/Catherine Laws
251.517.7857/678.781.7206
anna@williammills.com / catherine@williammills.com