Dubbed VelocityMerchant, the service is hosted by an internet-based remittance processing platform that allows participating retailers to calculate and track their financial transactions. Furthermore, the service enables the company receiving payments to aggregate, track and deposit, as well as get reports on all activity.
VelocityMerchant can be accessed from Velocitymoney.com, SmartCard Marketing Systems’ e-commerce website that offers services such as cheque processing, money transfer, data capture and conversion.
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