Synovus Bank leverages Qualpay payment technology

Qualpay provides a cloud-based platform that combines a payment gateway with merchant processing, allowing merchants and independent software vendors to integrate payments into their software or websites. Synovus Bank will invest in Qualpay, resulting in a 60 percent ownership interest. Synovus has also chosen to leverage Qualpay’s payments technology as an integral part of Maast, the bank’s new money-as-a-service offering. Maast will combine embedded payments and embedded banking on one platform, accessed via a common integration layer and a single onboarding experience. Maast will allow vendors to offer payment processing, deposit accounts, debit cards and loans as features in their software, under their brand, backed by Synovus.

Photo courtesy of Qualpay