December 8, 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. Read more

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. Read more

UniPay Gateway is a Leader of Legacy Payment Technology Replacement

United Thinkers jointly with PayVisors complete the year 2016 with a record number of Enterprise Legacy Payment Technology Systems replacements with the UniPay Payment Management Platform. 

New York, NY – (December 6, 2016): United Thinkers, a New-York based commercial open-source Payment Management Software provider along with PayVisors, successfully completed a record number of legacy payment technology replacement projects in 2016.

This year a record number of businesses have chosen the UniPay Payment Management Platform as an alternative to their existing legacy payment processing platforms. As enterprise payment processing needs expand and consumers demand more options, large organizations feel the need to replace their technology and improve their enterprise payments ecosystem.

The advantages to upgrading to UniPay include reduced maintenance costs, simplified compliance, allowing funding and reporting to be more transparent, the platform also provides extended branding capability, as well as the ability to expand internationally and support multi-currency processing.  The platform consists of an extensive set of features, including merchant on-boarding, chargeback management, sub-merchant funding and remittance as well as availability of EMV-certified cloud-based terminal and mobile vendor-agnostic solutions.

“Most companies are looking for a better payment processing solution these days”, says PayVisors president, Chad Roll. “the biggest obstacle to innovation in payments is the legacy technology currently in place, we are glad to be able to offer a modern enterprise solution that improves the payments ecosystem.” 

UniPay is the only commercial open-source omni-channel payment processing platform available worldwide, that offers On Premise License and Hosted Solutions, the platform has become increasingly popular among Enterprise Merchants, Payment Facilitators, Software Companies and Third Party Payment Providers. A standardized UniPay based legacy technology replacement offering, designed especially for Enterprise Merchants, should also be available next year.

“As we conclude this year, we are happy to acknowledge the growth of the functionality range of our product. We’ve worked hard to meet the demand and thus we now have a more streamlined process that allows rapid implementation of UniPay in payment ecosystem environments as well as simplified migration”, says United Thinkers president, Eugene Kipnis. “We are looking forward to working with PayVisors on implementation of more and more legacy payment technology replacement projects in 2017”  

While several payment facilitators and enterprise companies implemented UniPay on premises in their ecosystems, many software vendors, technology companies, and franchise businesses made integrations with existing deployments of UniPay, including implementation of the new revolutionary terminal cloud solution.

Paul Schaller CEO of one of the early UniPay licensee’s ABC Financial, offered this comment, “We have believed in the UniPay solution from the very beginning. We are very excited about the future of the product and look forward to continued expansion of our use of UniPay.” 

About UniPay

The appeal of the UniPay Platform is the open-source nature, affordable cost, robust omnichannel feature set, as well as the advanced API’s and wide variety of Code Samples for easy integrations.

The components of UniPay are UniCharge, UniBill, and UniRead Modules (UniPayGateway.com):

The UniPay UniCharge Module is an advanced Processing and Remittance Engine supporting advanced functionality needed for transaction processing through a wide network of Processors and Gateway Partners.

The UniPay UniBill Module supports sophisticated Recurring Revenue Management capabilities, including   Recurring Billing Support for any Payment Plan, Decline Recycle, Retry, and Recovery, Automated Credit Card Update Services, Automated Reserve Management, as well as Integrated Collections Management.

The UniPay UniRead Module is a modern, embedded and EMV-ready terminal solution that supports traditional and mobile devices through a cutting-edge terminal cloud environment, an ideal solution for the modern web and mobile POS system looking to support EMV and Contactless payments. 

If you would like more details, please contact [email protected]

About United Thinkers

United Thinkers is an enterprise software development company that specializes in payment gateway technology development. The UniPay Gateway is the company’s flagship product. For more information about payment processing vision of UniPay, please visit our blog at Paylosophy.com

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