Meracord sales and marketing executive vice president Vince Bianco said having the ability to process card payments is a great additional service offering for the company.

"We saw that service providers were in need of payment card services, and due to our cutting-edge in-house software, we were able to meet their needs by offering this new service. Our goal is for service providers to be able to securely collect payments when needed using a variety of different options," said Bianco.

According to the firm, approved business establishments can collect payments provided using payment cards through Meracord, facilitating them to offer more convenient payment options to their clients.

The additional payment option assists the clients to close the deals without any delay and at the same time provides their clients the power to choose how they want to pay for the services they will receive, said Meracord.

According to the terms agreed between two or more parties, it provides processing of the payments and also offers numerous payment services to businesses and individuals needing to process complex payments.

The new offering will eliminate the need for a separate merchant account for the companies, who require taking credit or debiting card payments, claims the payment provider.