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6 Steps to Implementation of Your SoftPOS Solution Software point of sale systems or SoftPOS solutions are becoming increasingly popular. In this article we will list the key point of sale system costs and components. You should consider them carefully before implementing a SoftPOS solution. The article is primarily targeted at payment facilitators, software companies,…

Crypto currency payment gateway solutions are getting more and more important for both merchants and platforms. Crypto is no longer just an investment vehicle. It is rapidly becoming a payment medium. So, merchants look for optimal crypto payment gateway solutions which would make accepting cryptocurrency payments possible for them. And PayFacs, in their turn, look…

SoftPOS technology offers a handy way to both make and accept electronic payments. SoftPOS solutions are particularly relevant for micro-merchants and SME.Large-size payment services providers and software platforms also need to offer SoftPOS features within their omnichannel solutions. So, in this article we are going to provide a brief description of the respective solutions. First,…

What might be the best crypto payment gateway option for your business? Of course, multiple cryptocurrency payment gateway offerings are out there. At the same time, these offerings are mostly merchant-centric. If you are not an ordinary merchant, but a shopping cart or SaaS platform owner, then your choices are much narrower. What works for…

Many companies nowadays want to accept crypto payments online and through POS. In order to be able to accept cryptocurrency payments, a business must find the right crypto payment gateway solution. It can be an open source crypto payment gateway software product or a customized solution developed from scratch. It can also be an omni-channel…

A crypto payment gateway solution is something many companies need and search for. Almost every one of us knows about cryptocurrencies, blockchains, and defi platforms. However, until now, most people considered crypto too volatile and risky. As the realities change, cryptocurrency gateway technologies are on the rise. The right time for crypto payment gateway technologies…

PA DSS and PCI compliance remain in the focus of Paymentech industry. Presently, COVID19 epidemic shifted the preferences of many buyers and sellers from cash to electronic payments. Indeed, payments that involve less physical contact, are less risky in terms of sanitary requirements. PCI compliance and PCI data security standard update Global increase in electronic…

Payment platforms always tried to diversify their revenue streams and customer bases. One of the common diversification strategies is to support as many payment types as possible. These payment types include ACH payments, credit/debit cards, and (a recent addition) cryptocurrency operations.   Why cryptocurrencies? Will cryptocurrencies survive the fall of interest rates? All world economies are…

Many startup businesses from Asia, Africa, and Latin America are facing problems finding a proper payment gateway solution. Merchants from these geographies are often interested in accepting payments from customers in the US and Europe. However, sometimes they are unaware of serious credit card processing risks, particularly, those related to geographical location. What payment gateway…

SaaS platform owners are among top candidates for becoming payment facilitators. Other candidates include independent software vendors, online marketplaces, and franchise owners. All these business models (including SaaS model) have “know your customer” logic. They also have established customer bases. So, they are already on the way to becoming PayFacs. Now, let us consider the…

Building or licensing your own payment gateway involves many important aspects, both business and technical. The two conceptual options are as follows. Option one is to try to build a custom payment gateway from scratch. Option two is to license an off-the shelf solution and try to customize it according to your needs. In either…

In spite of pandemic-driven economic recession, payment facilitator model is thriving. So, revenues of PayFac payment platforms remain high. At the same time, more companies are implementing PayFac model and establishing PayFac payment gateway partnerships. These companies include owners of SaaS platforms, franchisors, ISO, marketplaces, and venture capital firms. Owners of many software platforms face…

It looks like we are witnessing a new phase of the usage-based billing evolution. Legacy billing software is no longer able to accommodate all the functions its users (and their customers) need. As a result, subscription billing software has to evolve into something more sophisticated. Traditional recurring payment processing and invoice software are supposed to bill…

Modern payment gateway solutions serve two major purposes. First, they harmonize cardholder data formats as it is sent from merchants’ POS systems to payment processors. Second, they ensure security of payment data (provide an additional payment security layer). More and more present-day companies face the tough choice between buying ready-made gateway products and building their…

A white label product or service is a third-party commodity you offer to your customers under your own brand. Let’s assume, your company wants to provide some additional value. However, it does not have the necessary resources to implement it. In this case you can resort to the respective white label product. True, it is,…