Under the terms of the deal, Veracity is expected to offer online credit card processing services via its Virtual Payment Suite (SVP) to schools affiliated with the Boosterthon Fun Run fitness programs.
The SVP offering is set to address payment, reconciliation, reporting and invoicing needs. In addition, Veracity’s virtual platform is PCI-compliant and includes card data tokenization capability.
In a recent development, Veracity Payment Solutions has entered a processing agreement with American Savings Bank (ASB), under the terms of which the former is to purchase the merchant acquiring portfolio of ASB.
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