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Acquisition of BlockChyp brings new technology and industry expertise to Stax, furthering its evolution as a leading payment processor ORLANDO – October 1, 2024 – Stax , a leading payment technology provider, today announced its acquisition of BlockChyp , further expanding the company’s end-to-end processing capabilities.
To the incredible Stax community: allow us to take a moment to recognize a milestone that we are extraordinarily proud of—our 10th anniversary. Sprinkled throughout this article are quotes from some of Stax’s long-standing employees, because who better to tell the company’s story than the people who help make it happen?
Experienced payments and sales executive joins Stax leadership team to drive accelerated growth for Stax Connect and embedded payments. Stax Payments , Inc., As head of ISV Business Development at Stax, Krahl will drive market penetration into key Stax industries such as field services, healthcare, and professional services.
In 2023, 27% of all point-of-sale (POS) payments were made using credit cards while 23% were made with debit cards. To improve the payment experience for consumers, card networks must innovate and incorporate the latest technologies. To learn how you can offset your credit card processing costs with Stax, contact us today.
From $412 billion in 2021 to $591 billion in 2023, the industry has expanded by more than 140%. We caught up with payment experts from Forrester and Stax to help you navigate these evolving times and achieve success with embedded payments. Fred Nelson, VP of Sales Enablement at Stax provides a succinct definition of embedded payments.
Worldpay states that its focus is on innovative, secure, and reliable payment solutions that cater to the evolving needs of customers. The FIS and Worldpay Separation in 2024 Despite the high expectations following the merger, FIS announced in 2023 that it would be spinning off Worldpay into a separate company.
In 2023, the cost of fraud to online businesses was $48 billion globally, according to Mastercard. Innovations in social engineering scams, sometimes conducted through social media, and phishing emails are designed to get the user to divulge sensitive information. At Stax, we help businesses keep up with all things payment security.
Service providers such as CardX by Stax help companies offset some of these fees in a compliant and seamless way. This competitive spirit not only benefits your wallet but also drives innovation in the payment sector, making transactions faster and more secure for everyone. What is a Credit Card Surcharge Fee?
TL;DR Understanding your target market is the first step to growing your FSM software business FSM software providers need to invest in product development and innovation to stay up-to-date with industry trends, forecast market needs, and respond with innovative solutions. And it doesn’t have to be all about innovating new products.
However, it’s worth noting that Intuit has been steadily discontinuing versions of Desktop as far back as 2018 (QuickBooks Desktop 2020 was discontinued on May 31st, 2023). Additionally, all future innovation will happen in QuickBooks Online.” Simply put, an online platform can deliver benefits that a desktop product cannot.
Fintech comes from “financial technology” and it’s the application of innovative technology in the financial services industry. billion in 2023 and is expected to grow at a CAGR of 32.8% Their platform seamlessly integrates with the Stax Connect API to help its customers accept ACH , eChecks, and card payments.
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