article thumbnail

Stax Payments Appoints Mark Sundt as Chief Technology Officer

Stax

Stax Payments , a leading payment technology provider, has appointed Mark Sundt as Chief Technology Officer. As CTO, Sundt will accelerate the delivery of new products, features, and functionality that unlock and drive increased value for Stax customers and partners. To learn more about Stax, visit staxpayments.com.

CTO 88
article thumbnail

The Ultimate Guide to Ecommerce Payment Solutions

Stax

Once youve spotted an ideal payment services provider, follow these steps to set up payment processing: Create a merchant account – Some providers, like Stax, will require you to create a merchant account while others include one automatically. AI-driven fraud detection and prevention is becoming the new standard. Contact us

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How are Interchange Fees Calculated?

Stax

Think AI-powered anti-fraud measures and contactless payments such advancements are funded by interchange fees. Stax , for example, charges a monthly membership fee to process transactions regardless of how many transactions you process (within your applicable tier). Swipe fees fund these initiatives and cover the maintenance costs.

article thumbnail

The Ultimate Guide to Software Customer Churn

Stax

If youre using a payments platform like Stax, you can watch these metrics there – particularly if you integrate it with your customer relationship management platform. Predictive churn modeling: AI-powered tools analyze customer behavior patterns, product usage, and past churn trends to identify at-risk users.

article thumbnail

Merchant Underwriting: What It Is, How It Works, and Why It’s Important

Stax

Tools like AI and data analytics enable faster evaluations by analyzing vast amounts of data and identifying patterns. Best Practices for Effective Merchant Underwriting To optimize underwriting processes, payment providers should: Leverage data analytics and AI Use advanced tools to detect risk patterns and improve decision-making.

article thumbnail

How to Scale SaaS Growth and Optimize SaaS Operations: 7 Essential Tips

Stax

Let’s say you’re a SaaS company offering AI HR services. Stax Connect is an all-in-one payment ecosystem with integrated software solutions to help your SaaS company increase revenue, all through one API. Stax Connect provides an all-in-one payment ecosystem that can modernize your SaaS company’s payment technology.

Scale 117
article thumbnail

What is a Payment Processing System and How Does It Work?

Stax

3D Secure (3DS) authentication and AI-powered fraud detection add extra security layers. This is where Stax comes in. Encryption and tokenization protect sensitive data from online fraudsters by converting sensitive customer data into an unreadable format to prevent unauthorized users from accessing card numbers.