US-based Chesapeake Bank has developed a new payment processing service to provide its Independent Sales Organisations (ISOs) with payment capabilities due to a new partnership with Silverflow.
The cloud-native payment service will provide its processing platform to Chesapeake Bank ISO clients to perform payments via a more advanced and agile infrastructure, bolstering the bank’s processing abilities but staying at the forefront of innovation.
Chesapeake Bank will provide the Bank Identification Number/Interbank Card Association Number (BIN/ICA) to be integrated onto Silverflow’s platform. TRX Services, an ISO partner, will handle the integration, with Silverflow ensuring the transition and maintaining continuity for existing BIN sponsorship services.
Kate Root, President of Chesapeake Payment Systems, said: “Partnering with Silverflow enables us to provide a state-of-the-art processing solution to our ISO clients. Silverflow’s innovative approach and commitment to technology make them an ideal partner as we continue to embrace new solutions to serve our clients better.”
The integration follows Silverflow’s existing partnership with TRX Services, helping US merchants gain more control of their payments. The recent deal means that TRX Service’s current and new clients are provided with more capabilities to enhance the management of customer payments.
Some of the key benefits of the Silverflow and Chesapeake Bank’s partnership includes modern processing solutions, enhanced ISO services, and a shared vision between the two parties to collaborate on best-in-class client service.
Anne Willem de Vries, CEO and Co-Founder of Silverflow, added: “Working with Chesapeake Bank, a forward-thinking community bank, allows us to demonstrate the power and flexibility of our modern processing platform.
“Their dedication to technology and client service aligns perfectly with our values, and together, we can offer a superior processing solution to their ISO clients.”
