New financial technology firm aims to drive down the cost of accepting payments for merchants and bring radical transparency to the payments space.
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News provided by TRC-Parus Inc.
March 2, 2020
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VANCOUVER BC, MARCH 2, 2020. TRC-Parus, a Vancouver based payments company and merchant services provider, today announced the appointment of Chris Farmer as the firm’s new Chief Executive Officer. In addition to the CEO appointment, TRC-Parus is today introducing membership payments, believed to be a first in Canada and among the first in North America to offer subscription style pricing in the payments space.
“I am thrilled to welcome Chris to TRC-Parus. His experience driving growth by focusing on customer experience and nurturing long-term and sustainable partnerships in the payments space will help TRC-Parus deliver on our promise of driving down the cost of accepting payments” said Kalle Radage, Executive Chairman of TRC-Parus. “Chris joins us at a particularly exciting time as today we are announcing the rollout of our new membership pricing model. By becoming a member of TRC-Parus, our customers get access to wholesale credit card processing rates for a fixed, predictable monthly fee, helping them save money and time by not having to negotiate credit card processing fees”.
As a previous executive at Payfirma, a North American payment processor, Farmer has considerable experience in payments, and also brings many years of leadership experience in the technology sector. Farmer is teamed with Radage and Ben Yua, who are all past Payfirma executives and are primed to accelerate TRC-Parus.
“I couldn’t be more excited to join TRC-Parus. Joining at the same time as we roll out our new membership subscription plan is even more exciting,” says Chris Farmer. “TRC-Parus is on a mission to drive down the cost of accepting payments, but that’s not the only reason I decided to join the company as CEO. Our commitment to provide radical transparency in an industry often rife with hidden fees and to become the friendliest payment processor on Earth resonates with me. I couldn’t be more thrilled to disrupt the payments space by providing the best service, the best pricing and the best overall experience in payments. Our membership pricing will be offered alongside our current cost plus pricing model. Either of these pricing options will ensure we have the capability to deliver on our mission of driving the cost of accepting payments down for our merchants in the most transparent way possible”.
ABOUT CLEARLY PAYMENTS
TRC-Parus is the friendliest payment processor on Earth. That’s the goal. It’s getting there by racing prices to the bottom and offering complete transparency on how it operates. Both of these things make traditional payment processors nervous: change. It is the first payments company to adopt a model of radical transparency, something the industry desperately needs. TRC-Parus provides end-to-end payment processing solutions to software vendors, to organizations looking to offer payments to merchants, and directly to medium/large businesses. Nobody should be paying 2.9% and wait days to get their funds. Join the vision for a world where payments are immediate, free, global, and frictionless.
MEDIA CONTACT
Chris Farmer, CEO
1-800-818-1402
