Products and Services

Parallel Solutions is an innovative payment processing solutions provider created for businesses that sell goods and services directly to consumers via the Internet, Direct Response (Satellite Radio, Traditional Radio, DRTV, and Print), Multichannel Retail, Membership-based Businesses, Continuity Based Programs, and general eCommerce. Our core focus is to provide transaction processing and consultative merchant services for both card-present and card-not-present customers. Below is a list of products and services that we can facilitate for our merchant customers.

Please contact us to find out more about our products and services – Click Here

Domestic Credit Card Processing

Parallel Solutions offers US based merchants domestic merchant solutions. We have partnered with 1st tier processing partners to offer a wide range of merchant account payment processing solutions for your growing business. Whether you need a retail brick and mortar merchant account, online e-commerce merchant account, or mail order/telephone order (MOTO) merchant account, Parallel Solutions is your credit card payment processing solution.

Offshore Credit Card Processing

Parallel Solutions has the bank relationships in place to offer you a dedicated or sponsored merchant account through our partners in the European Union and the Caribbean region. Payments are reliably made directly by the bank to the account of your choice. In most cases, merchant account setup can be completed in as little as 3 weeks. Once you are approved, you will be able to accept several different types of credit cards.

Check Processing

ACH-Would your business benefit from accepting the most used method of payment in the U.S? Parallel Solutions makes it easy to accept checks from anyone, anywhere, anytime. Our ACH product uses the Federal Reserve’s Automated Clearing House (ACH), also known as Electronic Funds Transfer (EFT), to process checks received through your web site. Our ACH product integrates seamlessly with your shopping cart or web site payment page. All of this is done on Secure Servers (SSL Encryption) and each account is pass code protected for maximum security for you and your customer.

Check 21

The creation of full, exact check images from payment data entered at a merchant’s web site, processed through the Check 21 system.

Fraud Management Solutions

Our Fraud Management Solution is a proprietary approach to fraud-screening by assessing a multitude of order variables and criteria. Our Fraud Management Solution determines in real-time, instantaneously, the likelihood that the order is fraudulent. The assessed variables include, but are not limited to, location of order originator, type of proxy used, valid customer address and phone number verification, computer-fingerprinting and numerous other criteria using our Fraud Management Solution Artificial Intelligence (AI) that address known-fraudster behavioral patterns.

Working Capital

Need money for inventory, cash flow, expansion or advertising? Want to avoid a lengthy loan process with hidden fees and no guarantee of approval? We offer a unique kind of funding to retail, restaurant and service businesses. In essence, we will “buy” a small, fixed percentage of your future credit card revenues, and advance that money to you up-front. We do not put any restrictions on how you use the money. You pay it back from your future credit card sales. We can fund anywhere from $5000 up to $250,000 in as little as 7 days.

Marketing Solutions

Parallel Solutions has a unique approach to attracting new customers, driving additional sales and taking market share from competitors in your community. Our partnership is designed specifically for growing businesses just like yours Here’s how it works…

We partner your business with the loyalty programs of nearby financial institutions. We’ll promote your business to hundreds of thousands of area credit and debit cardholders who we know are spending, based on their purchase behavior. This is a much more efficient approach than other forms of advertising. You’ll gain a powerful new marketing channel that leads to new customers and additional sales, without breaking the budget.

We help you create an offer that will attract new customers. It usually takes the form of a cash back reward when a customer uses his or her credit or debit card at your business. Everything is automatic and taken care of, all you do is ring up the sale as usual! The offer can be tailored to attract new customers and reward your most loyal clients.

We’ll promote your business where it will work. We’ll provide free, in-store marketing materials and put your message directly in the hands of cardholders through monthly online and offline promotions, including email, mobile, statements and more.

As you grow, so can the program. The beauty of being this program is highly effective at driving additional purchases, easy to measure, and can be adapted and scaled for your needs over time.

The best part… there are no up-front fees or risks. You only pay the cash back reward when people have bought from you, so you see an immediate, real-world return on investment.

Gateway Processing Solutions

Processing card present (Retail) and card not present (eCommerce & MOTO) transaction has never been easier. Parallel Solutions provides you with a custom tailored gateway solution that allows transactions to be sent to the processing company via a safe and secure internet connection. Some of the features of the technology are:

• Virtual Terminal – Authorize, process, and manage credit card and check transactions from any computer that has an Internet connection and a Web Browser.
• Card Present Technology – Our solution dynamically allows you the option of processing transactions in a card-present environment through the use of a MagTek card reader.
• Batch Upload Processing – With batch upload processing you will be able to you charge your customer’s cards or checking accounts in one step. This will allow you to manage your monthly customer’s accounts in the most efficient manner possible.
• Electronic Check – Our Electronic Check payment solution enables you to accept and process electronic check payments directly from your location or through a central processing area utilizing the Virtual Terminal. By accepting electronic checks, you are able to expand the payment options available to your customers and increase sales while decreasing your cost of processing payments.
• Recurring Billing – Allows you to create a recurring charge on the customer’s card to bill your customers monthly without any further involvement from your accounting department.
• Multi-Level Access for Employees – This feature allows you to tailor the amount of access each employee has to payment processing information.
• Reporting – Our system allows you total access to your transaction processing information including batch, transaction, deposit, chargeback and retrievals. We have the ability to link together multiple Merchant Identification Numbers (MID’s) as well as multiple locations. This will allow you the ability to view a summary of all MID and location activity or a specific MID or location from the same interface anywhere in the world with an Internet connection.
• API Integration – Finally, with our API Integration solution you will utilize the highest level of secure transaction infrastructure available. Our API uses secure sockets layer (SSL) digital certificate technology to connect securely and directly between your locations and our payment network. Our engineers will work with any software provider to ensure full integration of our gateway into their software for a totally seamless experience. In addition, if you integrate your software with our solution, we will pay you. We have created an additional revenue stream for you, our partner, through our Referral Partner Program.