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UniPayGateway

March 16, 2016
Written by
James Davis
Written by James Davis
Senior Technical Writer at United Thinkers

Author of the Paylosophy blog, a veteran writer, and a stock analyst with extensive knowledge and experience in the financial services industry that allows me to cover the latest payment industry news, developments, and insights.

My works have been cited across media and payment blogs. I do my best to help businesses make the most efficient financial decisions that can positively and significantly improve their business growth.

Whether you are a seasoned investor or just starting out in the world of payments, my writing is designed to be accessible to everyone and help people navigate the complex world of payments. So if you want to stay up-to-date on the latest trends and insights in the payment industry, be sure to check out Paylosophy and my published works.

Reviewed by
Kathrine Pensatori
Product Specialist at United Thinkers

Product specialist with more than 10 years of experience in the Payment Processing Industry. I help payment facilitators and PSPs solve their various payment processing issues. On a regular basis, I work with a team of knowledgeable technical people in the space, and I am passionate about finding creative solutions to the challenges presented by the Payments Industry.

I would be happy to help with any questions you might have regarding credit card payment processing, merchant services, EMV certifications, the various ways of becoming a payment facilitator or a payment platform, as well as any other Payment Industry related issues you might be struggling with. Feel free to follow me on Quora, and don’t hesitate to send me links to the specific Quora questions you would like me to answer.

Challenges in Payment Software Upgrading

Adding new components to existing business solutions is always a challenge. A new component added to some business solution can either replace some older version of the same component, or perform some new functions. In any of the two cases some common problems (typical for merchant services industry) can emerge, no matter who develops the new component: internal development team from within the company, or some independent software vendors. In most cases the problems are associated with strategic planning issues, faced by entities, trying to implement new payment systems. If a business solution is upgraded by some external software vendor, there is often misunderstanding between representatives of the company and the software providers (or developers), resulting in new problems, which come to light only at the implementation stage.

Successful Implementation

Logistical issues, associated with implementation of the new payment solution, PCI compliance, certification, also have to be resolved at the initial phase of the project in order to ensure its successful implementation.

Read more about the challenges of upgrading of an existing business solution in the respective article on Paylosophy.

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