06.23.2016 - DealerSocket integrates with ProPay payment processing

DealerSocket integrates with ProPay to expand Independent dealers' payment processing options

Participating dealers will benefit from lower rates and real-time account setup so they can start taking payments immediately.

SAN CLEMENTE, Calif., June 23, 2016 -- DealerSocket's FEX DMS has added to Independent dealers' payment processing options by fully integrating with ProPay's LenderPay platform, a leading credit processing platform for complete, end-to-end payment solutions that are simple, secure and affordable. This partnership will provide FEX users with more options to select the credit processor that best serves their dealership's unique needs.

"Dealers who take advantage of this integration will benefit from significantly lower, transparent merchant card processing fees, as well as a convenience fee option for those who want to eliminate the cost of card processing," said Cameron Darby, Chief Operating Officer at DealerSocket. "In addition, dealers can now accept credit cards, debit cards and electronic bank transfers without ever leaving the DealerSocket platform."

"By embedding both real-time merchant account setup and activation all within their native application, DealerSocket has taken a giant leap beyond anything currently seen in the automotive industry," said Dave Duncan, president of ProPay, a TSYS company.

The automated solution features dealership bank settlement reconciliation all within DealerSocket, embedded within a platform that is fully compliant with Payment Card Industry Data Security Standards (PCI DSS). A simple, one-click enrollment process means dealers can immediately start taking payments through ProPay. Making a payment is easy for consumers too, with on-demand one-click payment options.

The ProPay LenderPay integration is now available for FEX DMS users, and it will be part of DealerSocket's new iDMS to be released this year.

Dealers who want more information on ProPay, including how to start using it at their dealership, can contact a DealerSocket representative at (866) 701-4393 or online at DealerSocket.com/IND.

About ProPay

Since 1997, ProPay has provided simple, secure and affordable payment solutions for organizations ranging from small, home-based entrepreneurships to multi-billion-dollar enterprises requiring complex payment solutions. ProPay's ProtectPay platform provides software integrators, payment facilitators and SaaS providers with all the tools necessary to easily implement payments processing. As a leading provider of complete end-to-end payment security solutions, ProPay helps reduce the client organization's risk of sensitive payment data compromise. ProPay is a wholly owned subsidiary of TSYS (NYSE: TSS) and is a leader in payment data security. For information, visit ProPay.com or call (888) 227-9856.

About TSYS

At TSYS, (NYSE: TSS), we believe payments should revolve around people — not the other way around. We call this belief People-Centered PaymentsSM. By putting people at the center of every decision we make, TSYS supports financial institutions, businesses and governments in more than 80 countries. Through NetSpend, a TSYS Company, we empower consumers with the convenience, security and freedom to be self-banked. TSYS offers issuer services and merchant payment acceptance for credit, debit, prepaid, healthcare and business solutions.

TSYS' headquarters are located in Columbus, Georgia, with local offices spread across the Americas, EMEA and Asia-Pacific. TSYS provides services to more than half of the top 20 international banks and has been named one of the 2015 World's Most Ethical Companies by Ethisphere magazine. TSYS routinely posts all important information on its website. For more, please visit us at tsys.com.

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