Channel automation software and service providers have long recognized the challenges in providing incentive payments to channel partners for MDF and performance-based rebates or delivering rewards to front-line employees in partner organizations, particularly for client companies managing global channel ecosystems.
XTRM embedded APIs enable channel automation developers to easily configure payment programs through its secure platform and with the introduction of XTRM Widgets now program operations teams can implement key payment functionalities with no coding required.
Channel automation ISVs and service providers can now easily embed payment automation functionality in their clients’ program designs to manage channel payments globally and efficiently. XTRM incorporates KYC and tax reporting requirements globally, including automated 1099-K forms for North American recipients.
XTRM ISV and service provider partners can now receive, manage and make payments on behalf of their clients to anyone, anywhere in more than 140 currencies. The flexibility to easily configure a payments program to issue payments directly to a partner company or individuals or to partner company employees to be distributed by the partner company, enables global program operators to manage global payments easily while accommodating regional variances required to comply with regulatory or cultural demands.
“When looking for a complementary partner to help our customers with their payment needs for the various channel incentive programs they execute on the Channel Mechanics Platform we found the XTRM platform and team to be an excellent fit in terms of a technology solution and the flexibility of the team behind the solution. The combination of our two platforms enables our customers have an end to end channel incentive program management and secure payment solution delivered in a low cost SaaS model,” reported Kenneth Fox, CEO Channel Mechanics.
“Ensuring the burden of compliance, tax reporting and global payments requirements for our clients is vital,” offered MTC Performance CEO, George Kriza, “because it optimizes our resources needed to manage program administration and saves our clients budgets for more strategic investment.”
XTRM reported that its embedded channel incentive payments have grown 380% on a YoY basis and expects this new product will enable it to continue that trajectory throughout 2019 and 2020.
About XTRM
XTRM is the intelligent global payment API & platform solution, allowing companies of all sizes to easily manage payment processes to and from partners, customers and affiliated users. XTRM provides a single integration entry point via API, widgets or upload to allow the broadest choice of user payment options including Wire, ACH, prepaid VISA, Virtual Visa, Digital Gift Cards, and PayPal.
