December 12, 2017
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

United Thinkers launches a Processing Consolidation Program

United Thinkers launches a special Program for Processing Consolidation, intended to lower the processing costs of enterprise merchants

New York, NY – (October 20, 2017): United Thinkers, a New-York based commercial open-source Payment Management Software provider, launches a new program to drastically reduce processing costs for large corporations.

UniPay Gateway’s experience of working with multiple enterprise-level clients shows, that one of the major problems, faced by large enterprises, is the segmentation of payment processing. During the course of their existence, enterprise-level corporations often absorb other companies, or form independent organizational units within themselves (for international expansion). As a result, their payment processing systems become fragmented, complicating the way payment processing is organized, especially, if no basic corporate-level processing guidelines are used. Consequently, many corporations end up dealing with several processors and gateways, which leads to further complication of such processes as merchant support and payment reconciliation. Generally, the price paid for each transaction is not optimal because it is based on fractured volume, handled by an individual processor.

Based on experience of working with enterprise-level companies, United Thinkers has come up with a strategy that facilitates processing consolidation for large corporations and allows them to manage payment processing issues more efficiently. The strategy includes several conceptual phases. The first phase is implementation of UniPay Gateway platform as the foundation of the enterprise’s payments ecosystem. The second phase is the development of migration plan for the existing integrated platforms and respective merchants. The third phase includes gap analysis and implementation of necessary business logic, integrations and certifications. Once the necessary logic and integrations are implemented, the enterprise gains immediate control of its transactions and unifies all processing operations within one platform. As a result, the company is able to consolidate payments into a single processing back end, which further allows for re-routing of transactions to alternative banks/processors that can provide more advantageous pricing based on consolidated transactional volume. Additional savings come from streamlining and simplification of management and reconciliation processes.

Every day we get a lot of inquiries from large-size companies. Many holding and investment groups with portfolios that include software platforms which depend on credit card processing, as well as various large corporations that process consumer payments from their customers, come to us with the same problem. They want to modernize their payment technology and consolidate transactional volumes of different independent units” says United Thinkers president, Eugene Kipnis. “As of today, UniPay Gateway with its optimized payment migration and consolidation program is the fastest and most cost-efficient option to solve this problem. So, we are glad to apply the unique experience of our team to assist large-size entities with their payment processing challenges.

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):

UniPay Gateway platform has numerous APIs, its own EMV terminal solution, and mobile solution. It is integrated with all major processors and payment facilitation platforms in North America.

To receive more information, 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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