November 24, 2014 1:53 AM ET

IT Services

Company Overview of Pivotal Payments Inc.

Company Overview

Pivotal Payments Inc. provides payment processing solutions to restaurants, retailers, chain stores, B2B clients, gas stations and convenience stores, franchises, hospitality and lodging establishments, direct marketers, and Internet and mail order/telephone order businesses in the United States, Canada, and the United Kingdom. It offers credit and debit card processing, clearing and settlement, electronic check conversion, gift/loyalty/stored value card programs, terminal management, and electronic check processing solutions. The company also provides payments gateway, payments gateway server, payments gateway client, developers support, online reporting, and cash advance services. Pivotal ...

5000 Legacy Drive

Suite 320

Plano, TX 75024

United States

Founded in 2003

Phone:

877-462-7486

Fax:

866-364-9822

Key Executives for Pivotal Payments Inc.

Chief Executive Officer and President
Head of Globalone
Chief Technology Officer
Compensation as of Fiscal Year 2014.

Pivotal Payments Inc. Key Developments

GlobalOne Announces Wide Release of Smart Transaction Routing Engine

GlobalOne, a division of Pivotal Payments Inc. announced wide release of its Smart Transaction Routing engine. This rules-based engine, now available to all merchants using the GlobalOne gateway, is designed to improve profits and identify cost reduction opportunities by intelligently routing transactions to the most cost-efficient acquirer, increasing authorization rates and minimizing risk. Benefits of GlobalOne's Multi-Currency Global Payment Technology and Smart Transaction Routing engine include: Connectivity to over 130 worldwide networks and banks with a single integration. Optimizing interchange, allowing merchants to qualify for lower rates as often as possible. Better managing transaction traffic through multiple jurisdictions for ease of entry into new markets. Automating volume throttle between merchant accounts, ensuring it never exceeds the limit permitted by the processor. Multi-currency pricing with access to over 60 foreign currencies and alternative payment options. Providing international clients with a local shopping experience, for improved client satisfaction and loyalty leading to less shopping cart abandonment and repeat business. Reducing losses associated with potential cardholder fraud. The acquiring platform will allow merchants to localize in different countries or regions, with the routing rules assisting in better managing transaction flow. Merchants can configure the Smart Transaction Routing engine and apply rules in real-time, allowing them to track results and further tailor them to their needs. Rules can be combined with a unique setup for multiple MIDs, ensuring ultimate customization. GlobalOne's Client Solutions experts will work with existing and new customers to create and adjust smart routing rules, ensuring fast and reliable implementation.

Pivotal Payments Expands GlobalOne Payment Gateway into European Union

Pivotal Payments announced that it is expanding GlobalOne, its payment gateway and global acquiring platform, into the European Union. With over a decade of successful implementation in North America, the company will provide real-time connectivity to over 130 new payment networks and banks, providing access to 60 foreign currencies as well as local European payment schemes such as iDeal, Giropay and SOFORT. Merchants signed onto the GlobalOne platform can now expand internationally to capture more sales from rapidly growing markets and improve operational efficiencies, all under a single provider. The e-commerce solution was developed to provide businesses in a card not present environment tools to expand their global reach, maximize profits and offer their clients a better shopping experience. The platform's unique technology provides a revenue lift while reducing costs and streamlines global payment acceptance. The benefits of the GlobalOne platform include: interchange optimization to reduce cross-border fees and allowing merchants to qualify for the lowest interchange programs; smart transaction routing that optimizes transactions to the most cost-efficient acquirer, improving authorization approval and minimizing risk; auto account updater that reduces card declines by keeping customer payment card data current when expiration dates and card numbers change; decline recycling programmed to intelligently resubmit previously declined transactions to recover potentially lost revenue; full-featured subscription and recurring billing solutions that reduce time and cost associated with managing client accounts; and secure card module which tokenizes sensitive payment card data to help businesses reduce security risks and PCI scope.

Pivotal Payments, Inc. Announces Enhancements to Its Canadian Processing Platform

Pivotal Payments announced significant enhancements to its Canadian acquiring platform. Improvements to authorization, clearing and settlement, access to greater hardware, software and integrated payment options all mark the company's continuous efforts to drive value and meet the current and future processing needs of Canadian business owners. Benefits of the platform enhancements include: Up to 50% faster payment authorization speeds, Extending batch cut-off times by nearly 5 hours, Availability of additional pricing options, Wider cellular coverage on multiple networks for wireless payments throughout Canada, Enhanced settlement flexibility, offering gross or net settlement, One funding deposit for both credit and debit transactions, thereby reducing banking fees and easier reconciliation with one combined statement for both credit and debit transactions. These mark the first of many scheduled enhancements Pivotal Payments is rolling out in the coming months for Canadian merchants, ISOs and partner developers to adapt to a rapidly changing payments environment.

Similar Private Companies By Industry

Company Name Region
Element Creative LLC United States
Samsung SDS America, Inc. United States
Local Cloud9, LLC United States
Intelladon Corporation United States
Professional Software Associates Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 10, 2014
Capital Processing Network LLC
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Pivotal Payments Inc., please visit www.pivotalpayments.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.