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Acquisition of BlockChyp brings new technology and industry expertise to Stax, furthering its evolution as a leading paymentprocessor 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.
Ever wondered how AI is shaping the world of payments? 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. But what exactly are these AI watchdogs looking for?
Credit and debit cards have become the preferred payment methods for many, and it isn’t hard to see why. This small rectangular piece of plastic enables customers to ditch bulky wads of cash, making payments easier and safer. TL;DR Interchange fees make up the bulk of the processing fees merchants pay to accept cards.
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?
Worldpay stands as a leading global payments company, offering a comprehensive suite of paymentprocessing solutions to merchants and financial institutions across the globe. With a robust presence in over 146 countries, Worldpay is equipped with a team of seasoned experts who bring extensive experience in the payments industry.
Experienced payments and sales executive joins Stax leadership team to drive accelerated growth for Stax Connect and embedded payments. StaxPayments , Inc., a leading payment technology provider, has appointed Jeremy Krahl as the SVP, ISV Business Development.
StaxPayments , 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.
The commerce landscape—whether it’s retail, services or software—is moving faster than ever. That’s why businesses are constantly seeking innovative ways to streamline operations and enhance customer experiences. So, let’s dive into the realm of recurring payments and how they can benefit your business.
More and more, cash-only businesses are falling by the wayside, unable to keep up with consumer demand for convenient electronic payments. The world of Electronic Funds Transfer (EFT) payments is vast, spanning just about every payment method you can think of. This post covers everything you need to know about EFT payments.
In today’s fast-paced business landscape, efficient and seamless paymentprocessing is paramount to your bottom line. TL;DR A billing platform is a comprehensive system facilitating subscription management, recurring billing, revenue recognition, payment gateways, analytics, and dunning processes.
This is especially true now more than ever before as Software-as-a-Service (SaaS) solutions continue to be amongst the fastest-growing segment within the tech world. Enter payment monetization. But how exactly should a SaaS company monetize payments? What is Payment Monetization?
To stay ahead of fraud means merchants must understand the threats, use trusted and secure providers, and keep up to date on payment security trends. So, let’s dive into payment security, touching on the basics of what you need to know to ensure secure payments. of the global population using this method of payment in 2022.
During the 2020s, almost all businesses will have been looking at b2b paymentsprocessing solutions to meet changing consumer needs. Online and contactless adoption multiplied, and digital payments rose. consumers using two or more types of digital payment methods increased by 8%. Learn More What are B2B Payments?
Innovative ISVs and SaaS companies know that one of the best ways to provide value to merchants—while improving your bottom line—is to provide integrated payments. For example, if you’re an invoicing software provider that lets SMBs manage their billing, then it makes sense to add paymentprocessing tools to your platform.
These days, software is no longer just a toolits the backbone of how modern businesses operate. In the payments industry, choosing the right ISV partner is critical; look for robust APIs, hardware support, strong onboarding, and fair revenue-sharing models. TL;DR An ISV partner collaborates with large platforms (e.g.,
The SaaS space is one of the most dynamic industries out there, which is why smart comapnies team up with strategic partners to drive growth and innovation. An ISV partner is a software vendor that partners with an ISV and provides additional services or technology. Its purpose?
Credit card fees, including interchange, assessment, and paymentprocessor fees, impact businesses on a per-transaction or recurring basis. Credit card companies typically charge merchants a fee for each transaction processed. Learn More How Much Do Credit Card Companies Charge Merchants?
For any merchant selling products or services online, it’s always a good idea to allow customers to make payments on their platform itself—instead of redirecting them to a third-party website or gateway. In this article, we’ll discuss everything you need to know about ensuring AML compliance as a paymentfacilitator (or PayFac).
Moreover, companies need to follow data privacy and compliance requirements to stay in business. In this article, we’ll take a closer look at what data tokenization means, how it works, and the role it plays in paymentprocessing. The good news is that with a solution like Stax Connect, this need not be difficult or complicated.
In this landscape, embedded payments have become a great way for SaaS companies to provide value-added services on top of their core offerings to customers. With the plethora of options available, choosing a payment provider and integrating payments into your existing SaaS product can seem daunting.
While remote work is all the rage these days, there is still very much a need for on-site services, particularly industries like construction, healthcare, utilities, and telecommunications. This is where field service management (FSM) come in. Who needs my service? – Who are the customers already doing business with you?
There are many different types of payment terminals to choose from, and you need one that’s going to help your business operate the most efficiently. Selecting the right paymentprocessing terminal will not only help reduce your processing costs, but it’ll also increase your profits.
consumers using cash for purchases , choosing the right payment terminal for your business is more important than ever. Businesses need to streamline the entire paymentprocess by offering customers a payment setup that’s fast and convenient for credit card transactions. A Comparison of Different Payment Terminal Setups?
In an era defined by digital transactions and cashless payments, the process of paying for goods and services is more convenient, and increasingly reliant on credit card transactions. However, as the popularity of credit cards and digital wallet payments continues to surge, the costs associated with accepting them also do.
In a subscription business model, customers pay a recurring fee in exchange for a product or service. This could be a subscription box, a SaaS (Software as a Service) product, or even just a streaming platform like Netflix. In fact, 70% of customers now expect websites to include a self-service function.
Independent Software Vendors (ISVs) and Software-as-a-Service Providers (SaaS) operate within the same market, thus creating a push-and-pull revenue dynamic. While they operate under different business models, ISVs and SaaS share similarities in software development, cross-platform accessibility, and industry reach.
As the business landscape continues its unstoppable evolution, the necessity for operational efficiency and innovation becomes even more pronounced. Almost everyone — 98% of consumers —has a streaming service subscription. 98% of consumers have a streaming service subscription.
Airline credit cards, payment plans for costly items, and car rental insurance are forms of embedded finance that have been around for a while. Some challenges and considerations of embedded finance and fintech involve regulatory and compliance issues, data privacy and security, and stiff competition.
And in a survey from Bizrate Insights , 47% of respondents said they used self-service checkouts often, while 31% had used it before. TL;DR Self-checkout systems are automated checkout solutions that allow customers to process purchases independently. App-based scanning and payment. RFID readers.
Note that this differs from the service discontinuation of the 2021 versions of QuickBooks desktop. Users of the above desktop services will continue to be supported past July 31, 2024 and can keep renewing their subscriptions—it’s simply a “stop sell” of any new subscriptions after that date.
Finally, you can look into improving your products and services. This can be focused on product improvements or even customer service improvements. Optimize Your Pricing Strategy Pricing strategy refers to the approach that businesses use to set the prices of their products or services. Learn More 1.
It’s hardly surprising that contactless cards and mobile payments have become a far superior alternative to using cash, swiping/dipping cards, or keying in your card number to make payments. A study by The Harris Poll found that 42% of consumers view tap-and-pay credit cards as the safest form of payment.
Companies and software providers that embed payment solutions into their services and platform are likely to attract and retain more customers. By using a cloud-based integrated payment software solution, you can provide a streamlined user experience while also earning an additional revenue stream through monetization.
Much like in the United States (and practically the rest of the world, for that matter), Canadian consumers have widely adopted credit cards and digital payments. So, how do you select the best solution for credit card paymentprocessing in Canada? TL;DR Looking for paymentprocessing in Canada?
Customers in this age of instant gratification always expect a smooth and seamless online payments experience. As a business owner, you must have a clear understanding of how online paymentsprocessing works to be able to create a hassle-free checkout process that will keep buyers coming back to your eCommerce store.
Credit card processing can be overwhelming, expensive, and confusing. And yet, accepting non-cash forms of payments is more or less required to operate a modern business, at least in the U.S. Credit, debit, and digital payments have far and away become the most popular payment method.
In a recent interview with Austin Prey from PYMNTS , Adam Gray , Chief Transformation Officer at Stax, shared his perspective on the challenges and opportunities facing independent software vendors (ISVs) as they integrate payment solutions to meet the diverse needs of their merchant customers. Contact sales
Navigating the world of payments can be complicated, especially when you’re running a software business with many moving parts. Embedding payments is a great first step, but encouraging merchants to adopt payments and onboarding them is another hurdle many ISV/SaaS businesses run into.
Through strategic ISV partnerships, businesses can enhance their service offerings, streamline operations, and open new revenue streams. As anISV, Stax works with a number of software partners to give sub-merchants total control over how they operate their businesses. Payment gateways for seamless online transactions.
Forward-thinking vertical SaaS companies recognize why adding paymentprocessing capabilities is so beneficial. When implemented well, payment programs can open up added revenue streams and provide more value to your customers. At Stax, we describe that journey in three key phases: build, launch, and grow.
Stax CTO, Mark Sundt , recently sat down with John Gaffney from PYMNTS for an eye-opening conversation about the exciting future of AI and how it’s poised to revolutionize the business world. During the interview, Mark talks about real-world examples of how AI has been successfully applied at Stax.
Conversely, the wrong strategy can completely undermine a new product or service before it finds its footing in the market. The product/service price you settle on based on your chosen pricing strategy shouldnt be set in stone, and you should A/B test various prices until you arrive at one that works perfectly for you and your customers.
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