19 June 2019, Westlake Village, California USA: Preferred Payments—whose payment platforms streamline complex fiscal management for the recreational marine industry—today announces a strategic partnership with online booking software, Stellar IMS. Together, the alliance is designed for U.S marinas to grow loyalty among customers.

Since its launch in 2008, Stellar IMS has experienced rapid growth as a leading provider of inventory management systems specifically intended for the marina industry. With the Preferred Payment partnership, these systems are augmented, allowing for payment features that let marinas focus more on scaling their operations and less on tedious payment related tasks like key-entering credit card information and hunting down past due payments.

Fundamentally, Stellar IMS has integrated its platform with Preferred Payments to provide users an easier way to manage transactions, recurring billing, secure credit card storage, EMV functionality, access financial reporting and improve customer data security.

Brent Wierson, Stellar Software CEO, comments, “Stellar Software’s strategic venture with Preferred Payments allows us to provide the next generation transaction processing for our customers. This technology integration further enhances our product offering by saving our clients time and money while concurrently improving the overall customer experience for the end user.”

Technology breakthrough is one fruit of the Preferred Payments/Stellar IMS alliance. An exciting new feature called Automatic Card Updater (ACU) has been designed expressly for marina customer loyalty. For marinas who store credit cards and require recurring billing, this new tool streamlines financial systems management for managers and controllers. ACU automatically updates expired credit card numbers in the Stellar IMS platform. Customers setup with recurring billing will continue their ongoing payment cycle without interruption. Marina owners deploying Automatic Card Updater also lessen the need for debt collection services.

David Anderson, Preferred Payments CEO, says, “Preferred Payments is proud of our work with Stellar. Creative thinking and technical know-how have resulted in offering the decisive online booking and payment experience to hundreds of marinas in the U.S. Preferred Payments offers customers the tools and technical specialists to help the marine industry move away from legacy payment practices and help financial teams save valuable time. Our partnership with Stellar accomplishes this.”

About Preferred Payments – Marinas
The Marina Market: Preferred Payments is no ordinary payments company. As a leading payment provider for U.S marinas for over a decade, Preferred Payments’ knowledgeable team helps marinas to simplify complex payment operations, enhance the security of precious customer data and significantly cut cost for credit card acceptance. Each marina is assigned a dedicated representative. The customer experience is Preferred Payment’s number one priority. The Preferred Payments platform offers valuable functionality such as detailed reporting, tokenization, EMV, omni-channel payments and much more. Preferred Payments is validated by the PCI Compliance Security Standards Council. Preferred Payments provides reliable API integrations to industry software leaders to offer both users and consumers an optimum and secure payment experience. Preferred Payments is headquartered in Westlake Village, California – www.preferredpayments.com

About Stellar IMS
Stellar IMS makes online booking easy for any operation. By providing a suggestion-based front-end and a highly customizable back-end, marinas can offer revenue boosting online booking services to customers and manage boat rentals all from one intuitive platform. With features like booking grid, robust reporting, online payments, and a mobile responsive interface, Stellar is the leading solution for boat rental management. www.boatrentalmanagement.com

Preferred Payments has been a leader in the credit card processing industry for 10 years, providing our customers with competitive rates, unparalleled customer service, and the highest quality technology.