Aurora Payments Launches ARISE, a One-Stop Payment Platform for Small and Medium Businesses
April 16 2024 - 8:05AM
Business Wire
Cloud-based, payment-agnostic ARISE Payment
Platform enables mid-market companies to streamline transactions
via an all-encompassing financial ecosystem – offering secure
payment processing, analytics and remote access to real-time
reporting
Aurora Payments, a full-service payment solutions provider,
today introduced the ARISE Payment Platform, a cloud-based,
payment-agnostic modern payment system designed specifically for
SMBs (Small and Medium-sized Businesses). The ARISE Payment
Platform works in tandem with the ARISE Payment Terminal in a
card-present environment or standalone mode in a card-not-present
environment. Designed as a one-stop payment hub, ARISE is an
easy-to-use, powerful payment solution for SMBs — a category long
underserved by the payments industry. Watch a short video about
ARISE here.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240416784727/en/
Small and midsize businesses account for 44% of the United
States GDP, close to half of all employment, and half of the
roughly $370Bn in overall tech spending. Most customers now prefer
credit cards and digital payments to cash. Managing multiple
payment systems and streams of revenue remains a challenge for many
SMBs, however. Owners of nail shops, hair salons, tattoo parlors,
service shops and funeral homes have sought a way to make it easy
for clients to pay and track transactions in one location. The
ARISE Payment Platform is customer-friendly and reliable and offers
real-time transaction data and high-security standards.
The ARISE Payment Platform comes with seamless APIs that
enable Integrated Software Vendor (ISV) application developers to
integrate their vertical software directly into the ARISE platform.
All ARISE features and capabilities are available via these APIs
and come ‘integration ready’, including onboarding, processing and
support, allowing ISVs to create a seamless payment ecosystem and
offer access to the ARISE Payment Platform as a value-added service
to their customers.
“ARISE is more than a payment service — it’s an all-encompassing
financial ecosystem for SMBs that manages all aspects of the
payment lifecycle, ensures secure transactions and offers real-time
reporting,” said Aurora Payments CEO and founder Brian Goudie. “Our
portfolio of over 27,000 merchants has taught us that small
businesses need a solution that makes it easy to accept payment
from virtually any source. ARISE achieves this while giving
merchants unparalleled oversight of their finances; merchants can
receive their ARISE Smart Terminal, be up and running, and accept
payments in minutes.”
The ARISE Payment Platform features and benefits
include:
- Same-day Onboarding: Merchants and agents benefit from
the ARISE platform’s auto-underwriting and auto-onboarding;
significantly reducing go-live delays after they submit Aurora’s
Merchant Processing Application
- Fast and Easy Set-up: Easily configure the ARISE Payment
Terminal to start accepting credit cards and payments in less than
60 seconds, with no complicated configuration files or manuals to
read. Additionally, SMBs always have access to ARISE’s cloud-based
virtual terminal for processing, even if their POS system is
down.
- Zero-Cost Processing: Merchants have the option to
eliminate fees associated with accepting cards by implementing
fully compliant dual pricing, cash discounting, or customer
surcharging.
- Payment-Agnostic: The ARISE Payment Terminal accepts
contactless payments via Apple and Android devices, EMV (Visa,
Mastercard, American Express and Europay), contactless cards,
magnetic stripe cards, chip cards, NFC, and even processes Level II
and III transactions. Merchants can also process ACH transactions
and payments by check via the ARISE Payment Platform.
- Real-Time Data: Advanced error reporting enables
merchants to understand why a transaction has failed. Merchants can
view batch submissions and individual transactions in real-time on
the ARISE Smart Terminal or via a web browser in the ARISE portal.
Merchants can quickly research a single transaction or the entire
day and easily void or refund any transaction.
- Convenience and Reliability: The ARISE Smart Terminal is
lightweight and has a sleek body. The 5.5” HD display ensures
receipts look great and are printed fast. The terminal also
features two SIM card slots and operates on 2G, 3G, or 4G networks
and 2.4GHz and 5GHz Wi-Fi networks, ensuring fast transactions with
a long battery life.
- Secure and Certified: The ARISE Payment Terminal meets
PCI PTS5.0 Security Standards and EMV Certification and is fully
certified by MasterCard PayPass, Visa PayWave, American Express and
UnionPay Networks. Setup is fast and easy, with remote management
that allows tech support to assist users in real-time.
About Aurora Payments
Aurora Payments is a united network of processing, technology,
and payment solutions with a portfolio of more than 27,000
merchants and $12Bn in annual processing. Founded in 2005, Aurora
has grown to capture a significant portion of the U.S. market share
in various specific industries due to superior solutions, service,
and vertical expertise. Aurora Payments differentiates itself
within the fintech market by providing proprietary technology that
empowers its customers and partners with unrivaled flexibility and
benefits. ARISE, Aurora Payments’ latest product offering, is a
cloud-based, vendor-agnostic, one-stop payment solution designed
specifically for SMBs (small and medium-sized businesses).
Aurora Payments is headquartered in Las Vegas, NV and is backed
by Corsair, a leading private equity firm focused on services,
software, and payments investments in the financial services
market. Follow Aurora Payments on LinkedIn or X, or learn more at
https://risewithaurora.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240416784727/en/
Mindy M. Hull Mercury Global Partners for Aurora Payments +1 415
889 9977 aurorapayments@wearemgp.com
Michael Held-Hernandez Mercury Global Partners for Aurora
Payments +1 480 306 1154 aurorapayments@wearemgp.com