Aurora Payments has introduced the ARISE Payment Platform, a cloud-based, payment-agnostic payment system designed for SMBs. According to the press release, the ARISE Payment Platform works in tandem with the ARISE Payment Terminal in a card-present environment or standalone mode in a card-not-present environment.

Designed with the intention to serve as a one-stop payment hub, ARISE is a payment solution for SMBs — a category that the company deems underserved by the payments industry. According to a McKinsey article, small and midsize businesses account for 44% of the United States GDP, close to half of all employment, and half of the roughly USD 370 billion in overall tech spending. Most customers now prefer credit cards and digital payments to cash.

However, managing multiple payment systems and streams of revenue remains a challenge for many SMBs. The ARISE Payment Platform comes with APIs that enable Integrated Software Vendor (ISV) application developers to integrate their vertical software directly into the ARISE platform. All ARISE features and capabilities are available via these APIs and come ‘integration ready’, including onboarding, processing and support, allowing ISVs to create a seamless payment ecosystem and offer access to the ARISE Payment Platform as a value-added service to their customers.

The ARISE Payment Platform features Same-day Onboarding: merchants and agents benefit from the ARISE platform’s auto-underwriting and auto-onboarding  Fast and Easy Set-up: easily configure the ARISE Payment Terminal to start accepting credit cards and payments in less than 60 seconds. Additionally, SMBs always have access to ARISE’s cloud-based virtual terminal for processing, even if their POS system is down.  Zero-Cost Processing: merchants have the option to eliminate fees associated with accepting cards by implementing fully compliant dual pricing, cash discounting, or customer surcharging.  Payment-Agnostic: The ARISE Payment Terminal accepts contactless payments via Apple and Android devices, EMV, contactless cards, magnetic stripe cards, chip cards, NFC, and even processes Level II and III transactions. Merchants can also process ACH transactions and payments by check via the ARISE Payment Platform.  Real-Time Data: merchants can view batch submissions and individual transactions in real-time on the ARISE Smart Terminal or via a web browser in the ARISE portal.   Convenience and Reliability: The ARISE Smart Terminal is lightweight. Secure and Certified: The ARISE Payment Terminal meets PCI PTS5.0 Security Standards and EMV Certification and is fully certified by MasterCard PayPass, Visa PayWave, American Express and UnionPay Networks.

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