iStream Financial Services (“iStream”), a leading provider of ACH, Remote Deposit Capture and Credit Card payment solutions announced today a partnership with NMI, a leading payments enablement technology company and one of the most respected and robust payment gateways in the market today. This partnership will effectively enable iStream to offer its ISO, ISV, direct clients and other partners a gateway solution that includes both credit card and ACH processing on a single platform. “NMI allows fintech innovators to focus on what they do best by providing them access to best-in-class gateway solutions,” said Fred Joachim, president, iStream Financial Services. “This partnership with NMI will deliver enhanced functionality to enable ACH payments and allow iStream to provide an even more encompassing product offering to our clients.”
The deep integrations and certifications available from NMI are an ideal fit for the diverse portfolio of iStream today and moving into the future. With more and more payments moving to ACH, to leveraging a solution that combines merchant processing with ACH in a single interface is critical to growth and meeting the demands of the ISO’s, ISV’s and corporate partners iStream works with. This partnership serves as yet another extension for the iStream solution in working to solve complex treasure workflow scenarios for clients.
We’re excited to expand our ACH offerings to our partners through this integration,” said Jennifer Sherman, SVP of Product at NMI. “Providing more choice to better meet the needs our partners has always been a top priority for us, and the iStream integration does exactly that, and deepens the ACH processing solutions available on our platform.”
NMI is a leading payment enablement platform, processing more than $70 billion in payments annually. We enable payments for 1,450 partners and over 150,000 merchants across the entire commerce ecosystem: online, in-app, mobile, in-store, unattended and whatever’s next. We’re constantly innovating in order to power the next era of payments, building in the latest technology so ISOs, ISVs and fintech innovators can focus on what they do best.
About iStream Financial Services
iStream Financial Services delivers fintech solutions that are bank agnostic and focus on payments, data, A/R, treasury management and reconciliation. From integration facilitation, data management, ease of boarding and payment processing, iStream reduces the costs and overall complexity of payments for entities of all size and scope. iStream leverages a bank agnostic approach, for both the payment and disbursement sides of transactions. This allows clients to keep the institutional relationships they have in place today. The outcome of which results in cost reductions, faster payments and accelerated cash flow for clients.