Why a new merchant payments acceptance architecture is needed

The way consumers shop and wish to pay for goods and services have changed radically over the last decade but the industry has not kept pace and adapted to these changes. At STS we believe that a new payments architecture is necessary. Here are reasons why we feel this is needed and the benefits it would bring to merchants and all payment industry stakeholders.

Submitted by STS Payments

BluePay

BluePay, a First Data company, is a leading provider of technology-enabled payment processing for merchants in the United States and Canada. Through physical POS, online, and mobile interfaces, as well as CRM and ERP software integrations, BluePay processes business-to-consumer and business-to-business payments while providing real-time settlement, reporting, and reconciliation, along with robust security features such as tokenization and point-to-point encryption. BluePay is headquartered in Naperville, Illinois, with offices in Chicago, Maryland, New York, Oxford and Toronto.

Celebrations as STS Turns Twenty-One

London, 18 October 2018  STS, the payments acceptance software specialist, celebrates as it turns 21 today with the launch of a new company website. www.stspayments.com Twenty-one years ago Steve Turner founded Smart Technology Solutions Ltd from his garden office in south London where he started developing point of sale payments software for retail merchants who were looking to support new Chip and PIN technology.

Submitted by Anonymous

Consult Hyperion

We are an independent consultancy with no off-the-shelf products. We are unique in that we live and breathe transaction technology and understand it in a very high level of detail. Everything that we do is grounded in real problems that we can provide real solutions for and we have been intimately involved with the development of technology we use every single day. Something we are very proud of.

Edgar Dunn & Company

We provide deep expertise in payments and digital financial services to enhance clients’ perspectives and deliver actionable advice to enable measurable and sustainable change over time.

Established in 1978 in the United States, Edgar, Dunn & Company has expanded to meet the needs of our increasingly global client base. Today we serve clients in more than 45 countries on six continents from our locations in San Francisco, London, Sydney, Paris, Frankfurt and Istanbul.

Payments Consultancy Ltd

Payments Consultancy advises retailers, payment service providers, acquirers, technology companies, financial services companies and investors. The company provides a range of high-level payment advisory services focusing on strategy development, market assessments, investment support, commercial due diligence, technology reviews, competitive analysis and supplier selection.

G8, on-board

Accepting card payments on board trains, planes and ferries is tricky, because online authorisation of cards can be difficult or impossible with patchy or non-existent communications. To make matters worse, the major card schemes now mandate online authorisation for more types of card transaction. Many card processing systems don’t support offline authorisation at all.

Submitted by Paul Mealor

How to broaden payments acceptance options?

Consumers are demanding an increased range of payment acceptance methods. They want more than just cash and Visa/Mastercard plastic card payment options. Retail merchants have recognised this customer need and realise that in the current extremely competitive market they have to respond. Our recent survey on Alternative Payment Methods (APMs) revealed that 79% of businesses viewed APMs to be Very important or Important to their businesses and customers. They see that APMs have become a current market requirement and are required to support international market expansion.

Submitted by STS Payments

Pages

Subscribe to Smart Technology Solutions RSS