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NMI unveils embedded payment solution to streamline processing

By Gloria Methri

February 19, 2024

  • Automated Underwriting
  • Embedded Payments Solution
  • Merchant Management
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NMI, Risk Management, Underwriting, Financial Services, Traditional Payments, Payment Gateway, Payment Processing, Embedded Payments, NMI Payments, USANMI, an embedded payments expert has launched NMI Payments, a comprehensive embedded payments solution for software companies, independent sales organizations (ISOs) and payment professionals.

The new platform easily integrates with existing applications and payment solutions, offering a flexible, modular approach that expedites and streamlines payments.

NMI Payments provides merchant management and processing, allowing software vendors and ISOs to focus on their business. By optimizing and automating payment processes, underwriting and workflows, merchants can be onboarded quickly, and ready to start accepting payments in minutes.

Vijay Sondhi, Chief Executive Officer at NMI said, “Our company mission is to provide our partners with payment capabilities from sign-up to pay-out in minutes. By managing risk, optimizing monetization, and offering revenue-sharing models, we can support our partners wherever they are on their payment journey, no matter the size or expertise of the business. The launch of NMI Payments reaffirms our promise to deliver unparalleled value through flexibility, modularity, and choice, ensuring our partners are equipped with the tools to thrive and expand in the ever-evolving world of payments.”

NMI partners have the flexibility to choose from a variety of processors and shopping cart options that are embedded directly into their applications and can adjust these capabilities based on their merchants’ needs.

Designed for frictionless payments, NMI Payments allows consumers to pay wherever and however they want – online, in-store, in-app, mobile and unattended – securely, easily, and reliably, leveraging NMI’s payment gateway.

Jared Drieling, Chief Innovation Officer, TSG (The Strawhecker Group) said, “Embedded payment solutions built directly into a software platform increasingly centralizes these services and provides merchants with a more streamlined, integrated offering. Software organizations offering payment processing directly to their merchants open up a huge revenue opportunity and significantly boost convenience. Going forward, expect more merchants to find their payment partner through these relationships.”

NMI’s new developer portal offers code samples and reference materials together with ‘Try It’ functionality, to provide everything a developer needs to integrate payments into their application. Now software companies can generate additional revenue streams by leveraging NMI Payments to monetize every transaction.

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