Headquartered in San Diego, California, PayX, a division of IFAN Financial (OTCBB:IFAN), designs, develops and distributes software that enhances and enables mobile payments. IFAN (the “Company”) has a growing portfolio of solutions including mobile optimized ‘white label’ solutions with on demand payments, autopay, and proximity marketing. Mobile payments represented over $450B in sales in 2015 and are expected to rise upwards of $620B by 2016 and surpass $1 trillion in 2019.
The PayX Platform is comprehensive in that it integrates with and incorporates the best functions of Facebook, Etsy, Craigslist, Instagram, Venmo, Paypal, Western Union, and other progressive leaders. Customers pay a loading fee to add funds, from there they are able to send money locally or internationally as well as make purchases both online and in-stores all through the platform. PayX’s unique method of transaction processing via SMS requires no internet connection and works with nearly all data providers allowing the platform to function almost anywhere.
PayX’s ‘white label’ enterprise solutions offer regional banks, e-commerce companies, web developers, and content providers a secure and cost-saving integrated mobile payment platform for accepting mobile transactions. IFAN offers three tiers of solutions for businesses based on the size of their company. Basic, Custom and Full Enterprise. All three provide the merchant with an easy, customizable, and secure inventory and payment processing system complete with an PayX's Payment Gateway featuring a fully custom payment experience. The PCI-compliant solutions simplify nearly all the work and costs of meeting regulatory requirements.