Quisitive selects Visa to modernize payment processing for PayiQ

Quisitive Technology Solutions Inc.

New hosted solution allows PayiQ to have a direct connection to VisaNet, providing expanded payment processing capabilities in new geographies

TORONTO, Nov. 09, 2022 (GLOBE NEWSWIRE) — Quisitive Technology Solutions Inc. (“Quisitive” or the “Company”) (TSXV: QUIS, OTCQX: QUISF), a leading provider of Microsoft payment solutions and solutions, today announced that it has partnered with Cybersource, a Visa solution, to directly access VisaNet and extend the model for accepting payments for PayiQ.

By working with Visa, PayiQ opens a new Independent Software Vendor (ISV) distribution channel to connect directly to Visa, allowing acquiring banks to use Visa’s network and processing without the need for third-party payment processors . Participating ISVs will choose from a list of partner payment processors, including PayiQ, to support the settlement process. The technology infrastructure supporting this partnership will enable the migration of BankCard USA merchants to the PayiQ platform, validating the strategic migration plans announced by the Company earlier this year.

Created to bring a new level of innovation to technology companies and software companies, this partnership combines Cybersource’s acquiring solutions with PayiQ’s advanced suite of automated management and settlement management tools to deliver integrated payments . PayiQ’s cloud platform offers a breakthrough in streamlining traditional back-office operations for resellers. In addition to a configurable management dashboard, PayiQ offers automated onboarding and subscription for same-day merchant IDs, as well as direct price control, automated chargeback management and immediate access to all merchant data. The comprehensive offering will help foster accessibility to creative commerce solutions and new technologies that enhance the payment experience for resellers and merchants.

“We are thrilled to be able to partner with Cybersource to deliver a new cloud-enabled processing solution that transforms what used to be a slew of slow manual management processes into a 21st century level of automation,” said Jana Schmidt, president of Global Payments Solutions at Quisitive. “This infrastructure is just the start of a collaboration that will continue to support innovative products and services while fostering new vertical markets, new geographies and new technologies.”

About Quisitive:
Quisitive (TSXV:QUIS, OTCQX:QUISF) is a premier global Microsoft partner that leverages the Microsoft cloud platform and complementary technologies, including custom solutions and proprietary offerings, to drive transformational impact for enterprise customers. Our Cloud Solutions business aims to help businesses move, operate, and innovate across all three Microsoft clouds. Our Payments Solutions division leverages the PayiQ platform powered by Microsoft Azure to transform the payment processing industry into a whole new source of customer engagement and consumer value. Quisitive serves customers worldwide from seventeen employee centers around the world. For more information, visit www.Quisitive.com and follow @BeQuisitive.

Quisitive Investor Contact
Matt Glover and John Yi
Investor Relations Gateway
[email protected]

Caution Regarding Forward-Looking Information

This press release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws regarding Quisitive and its business. Any statement that involves discussions of predictions, expectations, beliefs, plans, projections, goals, assumptions, future events or performance (often, but not always, using expressions such as “expects to”, or “does not expect”, “is expected”, “plans” or “does not anticipate”, “plans”, “budget”, “expected”, “expects”, “estimates”, ” believes” or “intends” or variations of these words and phrases or indicating that certain actions, events or results “could” or “might”, “would”, “could” or “would” be expected to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are necessarily based on a number of estimates and assumptions which, while believed to be reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results to differ. and future events differ materially from those expressed or implied. by such forward-looking statements. These forward-looking statements include, but are not limited to, statements relating to: the use of the proceeds of the New Loan; of the company future business strategy, competitive strengths and objectives; the expansion and growth of the Company’s business, operations and projects; dependence on economic and market conditions, including; the future success of the Company’s PayiQ platform; and projected milestones and timelines. The risks and uncertainties that could affect any forward-looking statements, or the material factors or assumptions used to prepare such forward-looking information, are described under the heading “Risk Factors” in the Company’s Annual Information Form dated June 23, 2022, which are available under the Company’s issuer profile on SEDAR at www.sedar.com. There can be no assurance that any forward-looking information or the material factors or assumptions used in making such forward-looking information will prove to be accurate. The Company undertakes no obligation to publicly disclose any revision to update any voluntary forward-looking statement, except as required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Elaine R. Knight