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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.
Small businesses in America and worldwide have to choose from a wide variety of accounting software solutions, and this range of choices can be overwhelming. Research shows that 64% of small businesses use accounting software and the market for accounting software solutions is projected to be worth $4.3billion by 2023.
“In an era where technology shapes the future of payments, Stax’s vision to revolutionize embedded payments aligns perfectly with my passion for risk prevention,” said Neiconi. Stax helps drive incremental revenue through frictionless, secure, and reliable payment processing and recurring billing solutions.
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.
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?
On top of that, 69% of Americans online in 2023 said they used digital payment methods to make a purchase. Systems used for this include payment gateways , subscription billing software, and eCommerce platforms with built-in payments. According to the US Federal Reserve in 2022, general-purpose card payments reached $153.3
Field service management software is a system that helps a company monitor and coordinate their employees’ activities off the company’s premises. The software allows managers to view and modify work schedules, orders, inventory, invoices, customer account records, and other records in the database.
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. However, only 9% have embedded payments in their existing software stack.
FIS Global reports that in Norway, Sweden, and other Scandinavian countries, more than 90% of transactions processed at point-of-sale (POS) in 2023 were cashless. The writing on the wall is clear—businesses need to start accepting digital payments and software providers need to start offering payment services one way or another.
billion from its merchant services in 2023. Finance reports : [emphasis added]: “In the 2023 third quarter, Shopify’s subscription solutions revenue was $486 million, or 29% of the total $1.7 You Can Harness User Data Software-embedded payment processing enables the software provider (i.e.,
They consist of the hardware and software components required to process an in-person payment. Many POS systems are also equipped with software that helps with other business processes like inventory and staff management, in addition to payment processing. Easy switch between POS and mobile payments using the Stax app.
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. Stax and Worldpay: A Powerful Partnership Stax is one of the largest Independent Sales Organizations (ISOs) partnered with Worldpay.
Thankfully, with mobile payments from Stax , you can quickly accept and process payments from your customers. Learn all about mobile payments and why you may want to consider joining the Stax family to streamline payments and boost your small business’ productivity. Your customers are busy and so are you.
In fact, research from 2023 shows that 69% of Americans said they’ve used a digital payment method in the past 3 months when making a purchase. Essentially, it’s a piece of software that creates a secure tunnel for customers to connect with and transfer funds to merchants in online transactions. What Is a Payment Gateway Account?
In Q3 of 2023, the total volume of payouts on ACH networks reached 7.8 TL;DR A payment facilitator (PayFac) is essentially a SaaS vendor or software provider that enables its users (businesses) to accept online payments from their customers through the platform itself. Let’s get started.
Research shows that the global software-as-a-service (SaaS) industry was valued at $248.76 billion in 2023 and is projected to cross $250 billion this year. It’s an alternative to traditional software distribution and on-premise software installation—companies don’t need to build and maintain servers or data centers.
That’s the value of eCommerce transactions that took place in 2023 in the U.S. It’s important to note that a PayFac may have its own in-house payment processing and even payment gateway software platforms for their partners to use. An example of a Payment Facilitator is Stax Connect.
In 2023, the cost of fraud to online businesses was $48 billion globally, according to Mastercard. Stax delivers an all-in-one payments platform that is secure, stable and customizable—and did we mention affordable? At Stax, we help businesses keep up with all things payment security. Let’s talk about the “F” word—fraud.
Use updated equipment and software Using updated equipment and software reduces credit card payment costs by enhancing the efficiency and security of payment processing, thereby making it less likely you’ll have to face chargeback fees and other fees associated with fraud. As of 2023, the average interchange rate is 0.3%
This business model has now been adapted very well in the internet age, especially in the SaaS (Software-as-a-Service) and eCommerce industries. Subscription-billing software can also improve the customer experience because it saves them from having to manually remit payments. by S&P 500 companies.
There’s been a lot of discussion in recent months about the apparent phase-out of QuickBooks Desktop software. Will I still be able to use my existing QuickBooks Desktop software? QuickBooks Desktop is something of a linchpin in the accounting software world, with the first version of the program launching in 1998.
TL;DR PSPs help businesses accept credit cards, digital wallets, ACH transfers, recurring payments, and other types of mobile payments, while also providing POS systems and the integrated software required for managing business financial operations. The company also provides a card reader and mobile POS app for free.
In Q3 of 2023, Amazon’s profits nearly tripled, mostly as a result of price-conscious customers using the platform to find good deals. Their dynamic pricing software, named Smart Pricing, automatically adjusts prices according to factors like location, demand, and time left to book. This is where Stax comes in.
Every POS software provider will boast diverse offerings. Systems that your POS system can integrate with include: Accounting software – Many POS systems today come with basic bookkeeping features. Cost and Budget Considerations Your budget and the cost of the POS software is one of the biggest factors to consider.
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. According to Grand View Research , the embedded finance market was valued at USD 83.32 from 2024 to 2030.
In 2023, card brands in the U.S. Your provider should be able to reprogram your payment hardware and software, create a robust cash management strategy, and ensure compliance. If yours can’t, consider CardX by Stax. According to YouGov Profiles , 67% of Americans still use traditional payment options for in-store purchases.
Merchant service providers help businesses connect with these credit card networks and offer the necessary hardware and software to process credit card payments. As of 2023 , the states and territories that prohibit or limit surcharging are Connecticut, Massachusetts, and Puerto Rico. to their payment processing company.
According to a 2023 study by Forrester , 69% of online adults in the US said they’d used electronic payments at least once in the past three months. Many accounting software and services integrate seamlessly with the ACH system to give you a detailed in-depth transaction history. billion in 2022 and estimated it to reach $510.30
In June 2023, Squarespace announced its intent to purchase domain registrations and accounts from Google, meaning existing domains purchased from Google Domains will be migrated to and managed by Squarespace. As well as being easy to use, Google Domains has the added advantage of not increasing prices upon renewal.
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