Consorteum Holdings Inc., the growing payment transaction processing company, is unique in its ability to address a major unmet need in the multi-billion dollar financial processing industry.
The processing industryâ€™s main function is to process credit, debit, and ATM transactions on behalf of merchants and financial institutions. As part of this, the major North American processors have the infrastructure and user database to offer additional products and services to their clients. However, they are not currently taking advantage of this ability. They are unwilling to research the many new solutions and products potentially available, including new card solutions and payment products (cell phone, RFID), all of which require their own infrastructure and management for successful global implementation.
Consorteum has dedicated itself to filling this gap. It has thoroughly researched this market, and has developed the necessary key relationships with service and product providers in order to unite them with suitable consumers and bring about innovative processing solutions.
Consorteumâ€™s expertise in both the processing and card industries makes it possible for large initiatives to be deployed and managed to achieve successful outcomes, while growing each initiative to increase transaction volume and revenue. Their focus is primarily new transaction initiatives, including secure and guaranteed card programs. The company can act as the project manager during system implementation in order to ensure that the client and processor abide by the rules of the card industry, while meeting all future requirements.
Consorteum has also built strong relationships with critical product suppliers, allowing them to offer the best processing solutions. It has negotiated wholesale pricing for all card programs available for benefit, payroll, and check cashing, as well as various new and innovative transaction solutions. The companyâ€™s key processor relationships result in preferred transaction rates and merchant discount rates, which are passed on to clients.
Finally, all of these capabilities are sanctioned worldwide, meaning that Consorteum is very well positioned to offer all of its services on a global basis.
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