August 11, 2016 14:25 ET

Daxko Launches Payment Services Designed for Member-Based Health and Wellness Market

BIRMINGHAM, AL--(Marketwired - August 11, 2016) - Daxko recently announced the launch of Daxko Payment Services, a highly efficient, secure and EMV-compliant credit card processing service. Daxko Payment Services provides fully integrated credit card processing to member-based organizations with a focus on increased transaction visibility, improved cash flow and powerful reporting and analytics tools. The service will also feature proactive account updates to reduce the number of declines resulting from invalid credit card data.

"We knew our customers faced challenges from lack of transaction visibility and had an overall need for greater payment processing efficiencies," states Winston Gillum, Daxko's CFO. "As a registered Independent Sales Organization (ISO) we are now able to provide tremendous value and efficiency gains by directly integrating our software solutions with back-end credit card processing."

Some of the key features of Daxko Payment Services, include:

  • Next-day funding
  • State-of-the-art security
  • EMV-compliant point-of-sale terminals
  • Increased visibility and enhanced reporting
  • Account Updater services

"Because Daxko streamlines the transaction process by reducing the number of parties involved, we can provide quick and reliable deposits to expedite cash flow for our customers," explains Gillum. By providing a self-service portal for transaction tracking, customers will be able to address declines immediately and utilize real-time advanced analytics and reporting.

Daxko Payment Services customers will also have the option to proactively update credit card information on file prior to the member draft date. This feature allows Daxko's customers to reduce the overhead needed to resolve declined transactions.

"We are excited to release Daxko Payment Services," states Gillum. "It's a significant capability our customers will be able to call upon to facilitate high levels of growth and member satisfaction."

About Daxko
Headquartered in Birmingham, Alabama, Daxko is a leading provider of mission-critical software solutions to member-based health and wellness organizations. Daxko's solutions help customers achieve high levels of operational efficiency, strong fiscal management, and increasingly engage the community to expand their mission. Daxko employs 195 team members across the Southeast. For additional information, please visit

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