Brinkman Financial, a Texas-based provider of online payment and credit card services technology, has launched a new subsidiary, NextPay, as a merchant credit card processing solutions provider to the retail, ecommerce and mail order industries. Additionally, it has hired Lynn Varnell, to lead the new company as the COO.

Reportedly, NextPay is a Level One Payment Card Industry (PCI) compliant processor. NextPay has also launched a suite of processing tools designed to improve a merchant’s business performance, revenue recognition and information security.

Mark Brinkman, president of Brinkman Financial, said: “With the launch of NextPay, we are taking our knowledge and technological innovation into the merchant credit card processing services category. All of our technology is under one umbrella, making our services simple to use and highly secure.”