ZIFT ACQUIRES LEADING PAYMENT TECHNOLOGY COMPANY PAYVISORS

Acquisition positions Zift as a unique Payments Technology Company specializing in Integrated Payment Solutions for Software Applications, Platforms, Marketplaces and Payment Facilitators.

Online affiliates, multiple suppliers and convenience fees are among the reasons that split funding models for payment transactions are necessary. In the past, payment processors usually just deducted their processing fee and put the remaining funds into a single merchant account. Now, merchants often need funds divided among several accounts, and split funding makes that possible.