OTM Payments and Balance Point Enter Strategic Partnership to Further Enhance Client Offerings

Clark, NJ, October 13, 2021 . . . On The Mark (OTM) Payments, a provider of customized electronic payment solutions, is pleased to announce a strategic partnership with Balance Point, a leading provider of integrated human capital management solutions for small- to mid-sized businesses.

This partnership will benefit each of the companies’ growing client portfolios with value added services that carry operational efficiencies and cost savings. OTM Payments can now provide its prospective and existing merchants with a solution for their human capital management needs. Balance Point is a one-stop shop that leverages innovative technology to address every facet of employee life cycle, including talent acquisition, payroll, benefits administration, HR consulting and software, and time and labor management.

Through the partnership, Balance Point can now offer its client base a variety of robust electronic payment solutions, including a fully compliant program that offers a 0% effective rate for credit card acceptance. This innovative and turn-key solution is a meaningful fit for a variety of business types. Meeting all card brand rules and state regulations, it allows businesses to pass the transaction fees along to their customers who choose to pay with a credit card.

“Balance Point has an impressive 18-year track record and a core mission, vision and value set that aligns very well with that of OTM Payments. Both companies choose to be customer-centric and deliver solutions that improve the way our clients do business,” said OTM Payments Chairman and CEO Dick Spigai.

Balance Point Partner Dave Magen said “This is an exciting partnership with a proven industry provider that will further deliver on our steadfast mission – to serve and support businesses with state-of-the-art technology, cost-saving solutions and first-class service. The value proposition to our client base is significant.”

 

OTM Payments provides seamless, secure and innovative payment solutions across a variety of industries including healthcare, retail, hospitality, education, non-profits, professional and service organizations, and government entities. Through its innovative agent bank program, the company also delivers end-to-end electronic payment solutions to financial institutions and their commercial customers. For more information, visit www.OnTheMarkPayments.com.

Balance Point is a single-source solution delivering innovative human capital management services to organizations from a variety of industries throughout the tri-state region. Headquartered in Glen Rock, New Jersey, the company provides talent acquisition, human resources automation, benefits administration, time and labor management, payroll and a broad range of other consulting and learning products. For more information, visit www.balancepointhcm.com.

MEDIA CONTACT: Christine Spigai | [email protected] | 908.333.6731

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Copyright © 2022 - On The Mark Payments, LLC is a registered ISO of Wells Fargo Bank, Concord, CA. On The Mark Payments provides electronic payment processing services to merchants throughout the country.

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