...

UniPayGateway

November 6, 2015
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.

Open Source Payment Software

Many different kinds of companies can benefit from an open source payment gateway, but three types of companies can particularly benefit. Open source products are common in many industries, and it makes sense that commercial open source software would come to the payment processing industry.

Those three types of companies that can most benefit from a robust, modern and completely flexible payment gateway are:

Payment facilitators

Since payment facilitators process lots of transactions, having the best possible system makes real sense. A properly designed gateway is robust and universal and can be the intermediary for connection with other gateways and make a single point of record. Direct connections with acquirers are also available for even more convenience, allowing the gateway to replace old systems.

Legacy system users

Many companies function on software written decades ago in now-obsolete languages. A modern open source solution is the right choice for replacing obsolete mainframe programs.

Software companies

Some software companies have started working with payment gateways to offer their customers the most complete solution. If your company provides POS systems, shopping carts or something similar, why not provide gateway capabilities too?

For more discussion of this topic, an in-depth article is available on the website of PayVisors, a business consulting company that recommends the UniPay gateway.

Useful articles to help you: