PublicSquare Lands Payments Integration with LendSuite – Digital Transactions
Payments companies continue to court potentially lucrative software integration deals with PSQ Holdings Inc. among the latest to do so.
West Palm Beach, Fla.-based PSQ says its PSQ Payments unit will supply credit and debit card and automated clearing house payments, along with instant payment processing via FedNow and RTP networks to LendSuite Software, a loan-management platform. It will also provide push-to-card payment services. Nearly 150 lenders are on the LendSuite platform.
PSQ Payments will join a roster of payment-processing companies included in LendSuite’s Premier Marketplace for Lenders. Founded in 2021, PSQ Holdings first operated a marketplace for consumers to find participating merchants, but has since pivoted to financial services and payments.
PSQ said direct sales have historically driven its merchant-acquisition strategy, but this move with Pembroke Pines, Fla.-based LendSuite introduces an alternative distribution channel for it. The benefit is that LendSuite merchants can choose PSQ Payments without requiring a new gateway, tweaking their software, or enduring a new deployment.
“Integrating PSQ Payments was a logical step to deliver seamless choices to our merchants. By establishing this native integration, evaluating payment solutions becomes a straightforward business decision around pricing and services rather than a complex, drawn-out technical implementation,” Michael Morales, LendSuite director of business development, says in a statement. The integration is expected to be available in September.
