Mpact Card Acceptance

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Mpact Card Acceptance

Providing community banks and credit unions with a SaaS (software-as-a-service) option to capture merchant acquiring revenues is the business of Mpact. The company’s SaaS technology integrates with core banking and digital banking platforms. Financial institution clients typically have less than $50 billion in assets and are not large enough to compete with top acquirers. According to Mpact, these financial institutions provide card acquiring services to 8%-10% of their business customers. While most smaller financial institutions earn revenues from acquirers and independent sales org...

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