This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Stax is an industry-leading payments technology provider that is revolutionizing the payments processing experience completely. The all-in-one Stax Platform provides businesses of all sizes the scalable business technology needed to manage financials, payments, invoicing, inventory, sales data, customer data and more.
In line with that, we’re thrilled to announce that Stax Connect ISVs can now give merchants the ability to accept PayPal, Venmo, and Pay Later (BNPL). Industry data shows that there are 92 million consumers who use their Venmo balance. PayPal Internal Data 2023. Talk to sales Why Enable PayPal for Your Merchants?
Staxs Mark Sundt sat down with John Gaffney from PYMNTS to dig into this topic. As Chief Technology Officer at Stax, Mark’s at the forefront of artificial intelligence in the industry. He sees a future where AI systems can leverage comprehensive, interconnected customer data to provide truly personalized interactions.
Carefully evaluate your marketing funnel to see how streamlined the process is, and use data-driven marketing (and/or re-targeting) to maximize your acquisition efforts to bring in high-quality leads with a high LTV. Common Pitfalls to Avoid When Calculating MRR Misinterpreting your MRR can lead to poor decision-making from inaccurate data.
Learn More Stax offers the lowest cost of accepting credit cards among all merchant account providers. QuickBooks Mobile App QuickBooks is a web-based platform which means your data is synced across all your devices on the cloud. It is a subscription-based integrated payment platform that helps you process credit card payments.
Neiconi brings more than 15 years of experience in risk and fraud management leadership to his new role, with a deep background in developing fraud risk solutions, risk data collection and analysis, and compliance. Most recently, Neiconi was the Head of Fraud & Risk North America for Adyen. and Canada.
There are many processors out there that claim to save you money, and in this post we’ll take a look at two of them: Riverside Payments and Stax. Online processing eCommerce businesses can set up payment processing with Authorize.Net, First Data Global Gateway, or eProcessing Network.
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?
PCI compliance fee – This fee is usually charged by the payment processor or acquiring bank to ensure the business follows Payment Card Industry Data Security Standard ( PCI DSS ) requirements to protect customer data. 3.2%) may qualify for lower credit card processing fees with detailed transaction data. Contact us
In this article, we’ll explore the significance of billing platforms in contemporary business, delve into the features that set Stax Bill apart, and guide you through the process of selecting the right billing solution for your unique needs. said Suneera Madhani, founder and CEO of Stax. “The
Card networks must maintain them properly and pay for fraud prevention tech (data encryption, tokenization, real-time tracking, etc.). According to data released by CMSPI , businesses ended up paying more than $220 billion in card processing fees in 2023. Swipe fees fund these initiatives and cover the maintenance costs. Contact us
The customer enters their payment details and the gateway securely transmits the data to the network. Theyre easy to integrate and set up, with the host taking care of data security measures, including PCI compliance and fraud protection. This protects sensitive payment data from interception by cybercriminals.
Encryption techniques ensure that payment data is transmitted securely between parties, making it difficult for unauthorized individuals to intercept or access sensitive information. Solutions providers like Stax integrate with a range of solutions to enable merchants to go mobile.
Today, data is as important as currency and should be safeguarded as such. In 2022, there were 1802 instances of data compromise in America which affected 422 million people. Moreover, companies need to follow data privacy and compliance requirements to stay in business. Let’s get started.
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. Personalized recommendations: Based on usage data, businesses can suggest relevant features to users via in-app prompts, emails, or chatbots.
[link] Our guest today is Menda Sims, Chief Payments Officer at Stax. The first: “data is the new oil,” and the second: “ISVs are payments companies, they just don’t know it yet.” Episode 2: Stax | Data is the New Oil. We are going to chat about two main topics today.
This involves analyzing transaction patterns and cross-referencing merchant data against global sanctions lists or politically exposed persons (PEPs) databases. Tools like AI and data analytics enable faster evaluations by analyzing vast amounts of data and identifying patterns. Contact us today. Request a Quote
Data cited by Statista shows that the software as service is expected to hit $299 billion by the end of 2025. Whichever route you take, remember to run A/B testing so you can make data-informed decisions in order to fully engage your SaaS operations. Adding payments will scale your SaaS operations and increase growth substantially.
In the new, digital era of payment management and shopping, protecting customer data is a top priority. While the news may bring breaking headlines about stolen or lost data from large corporations, every business can take the steps necessary to secure sensitive data. That’s where Stax comes in. What is PCI Compliance?
Enhanced securitytokenization and two-factor authentication reduces the risk of data breaches As we mentioned earlier, Click to Pay uses a data security approach called tokenization to protect sensitive financial data from malevolent actors. The original sensitive data is still secured and hidden in an external data bank.
This could mean building an app that runs on Azure, integrating payments through Stax Connect , or creating an add-on for Oracles software suite. For example, Stax Connect not only supports a variety of payment methods including EMV, contactless, mobile wallets, etc., Pro tip: plan ahead.
Security and compliance Your ISV partner program should prioritize stringent data protection measures to safeguard sensitive information. Robust security protocols and adherence to regulatory frameworks instill trust in customers, mitigating risks of data breaches and regulatory non-compliance.
A payment gateway securely transmits customer data to the payment processor. Measures such as encryption, tokenization, and fraud detection are vital for protecting payment transactions from cyber threats, fraud, and data breaches. This is where Stax comes in. Security is the core of any payment processing system.
To keep the system of securing financial information and cardholder information safe, a multi-pronged approach to payment processing data security is imperative. Payment tokenization helps safeguard cardholder data, so your users can collect and process payments securely. Its usually done to prevent credit card fraud from occurring.
Security and compliance: Make sure they meet the latest security standards and regulations to protect you and your customers’ sensitive data. As you’re handling cardholder data, your provider will need to ensure PCI compliance to minimize the risk of fraud and data breaches. Stax has options, no matter what you need.
Not only is this best practice, but it’s paramount that your software’s credit card processing provider grants peace of mind to your users so they know donor data is handled safely. At Stax Connect, we work with a subscription-based mode l with a 0% markup on direct-cost interchange. Contact Stax Connect for more information.
Embedded payments come with a lot of responsibilities, such as bank sponsorship and risk management, which is why finding the right payments partner like Stax Connect is essential to help you monetize payments and own the entire experience. First, start by gathering some key data. Consider running a survey to gather this data.
It’s also the software in your POS system or card readers that processes the customer’s payment data in a brick-and-mortar setting. Popular payment gateways include Authorize.net, Stax, Stripe, Adyen, and Square. Some of them also offer a merchant account (besides the payment gateway). What Is a Payment Gateway Account?
In addition, they also ensure the privacy of business data and compliance with laws and regulations. StaxStax is a payments processing service that caters to all types of businesses, large or small. Unlike other card processing companies, Stax doesn’t add any extra fees to the interchange.
Since the big players in the landscape generally all offer a robust set of services, data shows that most SMBs are satisfied with their payment processors and aren’t likely to switch. Stax, for example, charges 0% markups on top of interchange, giving you the lowest percentage per transaction rate.
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. Watch the discussion below or check out some of its highlights in this article.
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. Stax can save you from that headache with less room for error.
Stax and Worldpay: A Powerful Partnership Stax is one of the largest Independent Sales Organizations (ISOs) partnered with Worldpay. Through this partnership, Stax provides businesses with cutting-edge payment technology , cost-saving solutions, and dedicated customer support. Standard credit cards: 1.99% + $0.20
You may be better off with a platform-agnostic payment processing software like Stax Payments, which works with a number of leading solutions. Also, Stax integrates seamlessly with thousands of third-party apps, including all the popular CRM, marketing, and financial apps used by most businesses.
Enter card-present tokenization, a feature by Stax that enables merchants to accept payments in person and instantly tokenize payment data for future transactions. ” How it Works If you’re a Stax merchant, enabling card-present tokenization is easy and doesn’t come with additional costs. The best part?
That’s why it’s not uncommon for SaaS companies and ISVs to find payment partners (like Stax Connect) who can help them implement payment services. We caught up with Stax Connect’s payment experts to shed some light on everything you need to know when switching to a new payments partner. to avoid pain points).
Payment integrations are key, so set your sights on POS systems that can connect with leading credit card solutions like Stax. No matter the kind of business you run, you have to go through grueling and redundant data-entry tasks to manage your payments. Make sure to choose solutions that can scale with you.
In this guide, we’re going to cover what companies need to consider when choosing a SaaS billing platform—and how Stax Connect makes this process simple. For best practices, integrate it with your other systems, offer flexible plans for optimized cash flow, and ensure data security compliance to industry standards. Real-time insights.
Because the transaction takes place through a payment gateway that utilizes data encryption or tokenization to secure sensitive information during transmission, accepting payments using a virtual terminal from Stax (which is PCI compliant) is secure. What Are the Benefits of Using Stax Contactless Solutions?
SaaS companies can avoid having to integrate their software with that of gateways and banks, undergo thorough merchant underwriting, and submit mountains of documents by working with a trusted PayFac like Stax to make their software more comprehensive for their clients. What Is Merchant Underwriting?
Embedded payments provide valuable data on transaction volume, average transaction size, and payment frequency—all of which help you understand and better serve users. Big Time, a platform that helps professional service firms track and manage their projects, uses Stax Connect to power its billing and payment features.
Stax Bill) Order Management Fulfillment of orders according to agreed terms. Luckily, the emergence of robust billing and invoicing software platforms like Stax Bill have made it easy for sales teams to be more thorough and customer-friendly with their quotes. Risk of errors due to complexity. Billing and invoicing software (e.g.,
Integrating the EHR software with payment processing tools like Stax Connect also helps create an all-in-one platform that simplifies workflow management at hospitals and other medical practices. Since EHR holds healthcare data, you must take steps to make it HIPAA compliant. Another area to focus on is to enhance the usability.
According to Forrester’s data, digital payments are the most used payment method today, with 69% of American adults using them to make payments online. Identity theft, data breaches, and chargeback fraud are some of the most common types of risks. They also need to have strong data security protocols in place.
We organize all of the trending information in your field so you don't have to. Join 80,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content