December 18, 2014
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 Platform Replaced a Record Number of Legacy Gateway and Payment Products in 2014

United Thinkers completes 2014 with a record number of installations of its UniPay Payment Management Platform, mostly replacing legacy mainframe-based payment solutions with Web based solutions.

New York, NY – (December 18, 2014):  UniPay Payment Management Platform, the flagship product of United Thinkers, a New-York based commercial open-source Payment Management Software provider, is the premier choice for well-established companies serving large numbers of merchants and high transaction volumes, especially the ones using legacy technologies.

The rapid evolution of the payments landscape has put many Software Companies, Payment Facilitators, PSP’s and Gateway Providers in the position where they cannot expand due to the limitations of their current payment ecosystems, or the cost of their legacy solution operation and support becomes very high, especially for those operating older mainframe platforms.

The key challenges faced by such companies include supporting large numbers of merchants, high transaction volumes, numerous ad hoc business rules implemented in the existing payment solution over time, as well as the large number of Payment Processing Network connections that need to be supported in case of Payment Software Providers.

More and more of such companies realize that licensing a commercial open source solution, such as UniPay Platform, is the best option to support future growth and control costs more effectively.

The open source nature of the UniPay Payment Management Platform makes it really easy to integrate any business-specific rules into the existing payment solution. The platform was specifically designed for the payment processing industry; it has been used by a variety of companies for many years, and, therefore, many processor integrations are already available.

The UniPay Platform has been used by numerous enterprise clients since 2008, and therefore, it already contains many mission-critical features required by larger organizations. These features include a sophisticated remittance engine, interchange optimization, automated chargeback mmanagement., decline recycling rules engine, PINLess Debit support, as well as the ability offer white-label services, etc.

“It’s been one of the most successful years since the time of the company’s foundation. Our plans for the coming year are even more ambitious. We’ve already started working on support of EMV terminal applications. We are also considering the addition of e-wallet and closed loop card issuing functionality” says United Thinkers president Eugene Kipnis. “We are positive that these new features, our innovative architectural solutions, and robustness of our technology will make UniPay Platform the industry standard for enterprise-level Software Providers, Payment Processors and Payment Facilitators worldwide”.

About UniPay

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

The two main components of UniPay are UniCharge and UniBill 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.

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, the company’s flagship product, is an enterprise-scale cluster-ready commercial open-source payment processing solution, utilized by the industry’s leading third-party payment processors and payment service providers. For more information about payment processing vision of UniPay, please visit our blog at Paylosophy.com

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