Silverflow, a cloud-native payment processing company, has announced a strategic partnership with Chesapeake Bank, known for its innovative approach in the financial services sector. This collaboration aims to enhance the payment processing capabilities of Chesapeake Bank’s ISO clients, offering them a high-performance, scalable solution through Chesapeake Payment Systems, the bank’s payment division.
By integrating Silverflow’s advanced processing platform, Chesapeake Bank will significantly upgrade its service offerings, continuing its tradition of adopting cutting-edge technology like the RTP real-time payments network. Chesapeake Bank will provide the BIN/ICA for the integration, while TRX Services, Chesapeake’s ISO partner, will manage the transition process. Silverflow will ensure a smooth and efficient integration, maintaining continuity for the bank’s existing BIN sponsorship services.
Scott Martin, CEO of TRX Services, emphasized the partnership’s impact, stating, “This collaboration empowers our customers by delivering secure, reliable processing and driving innovation in the dynamic payments landscape.”
This partnership reinforces Silverflow’s mission of modernizing payments, adding to its ongoing relationship with TRX Services to offer US merchants greater control over their payment systems.
Key benefits of the partnership include:
– Modern Processing Solution: Silverflow’s cloud-native architecture ensures scalability and efficiency.
– Enhanced ISO Services: Chesapeake Bank’s ISO clients will gain access to superior processing capabilities.
– Shared Vision of Innovation: Both Silverflow and Chesapeake Bank prioritize efficiency and client service, making this collaboration a natural fit.
Anne Willem de Vries, CEO and Co-founder of Silverflow, expressed enthusiasm for the partnership, noting that it allows both organizations to leverage innovative technologies for better client outcomes.
Kate Root, President of Chesapeake Payment Systems, added, “This partnership with Silverflow enhances our ability to provide state-of-the-art processing solutions, aligning with our commitment to serving our clients through technological advancement.”
This partnership marks another milestone for Silverflow as it continues to drive innovation in payment processing.
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