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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.
Adam Gray , Chief Transformation Officer at Stax, recently sat down with Hal Levey of PYMNTS to discuss emerging trends in payment processing and vertical integration. They are very good at what they do, Gray said, but they dont want to spend time on technology or payments.
Join the Payments-Led Growth Movement Sign up to keep up-to-date with the latest trends in payments, vertical SaaS, and technology from industry experts. Pro tip: Stax Connect ticks all these boxes and more. Integrated payments facilitate new modes of payment, so they can stay up-to-date with the latest in payment innovations.
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.
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., a leading payment technology provider, has appointed Jeremy Krahl as the SVP, ISV Business Development.
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. Ever wondered how AI is shaping the world of payments? Watch the full interview with Mark Sundt and PYMNTS to learn more.
To improve the payment experience for consumers, card networks must innovate and incorporate the latest technologies. Security technology Additional security measures like EMV chip cards and contactless payments can both influence interchange fees. Swipe fees fund these initiatives and cover the maintenance costs. 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
We caught up with payment experts from Forrester and Stax to help you navigate these evolving times and achieve success with embedded payments. One of the best ways for SaaS businesses to sustain growth, improve profitability, and drive innovation is to offer value-added services. What are embedded payments?
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.
Worldpay states that its focus is on innovative, secure, and reliable payment solutions that cater to the evolving needs of customers. By leveraging cutting-edge technology and a deep understanding of the payments landscape, they ensure that clients can navigate the complexities of global payments with ease.
An ISV partner is a software vendor that formally collaborates with a larger technology provider. Technology alliances – Collaborating on big ideas and driving big impact. This could mean building an app that runs on Azure, integrating payments through Stax Connect , or creating an add-on for Oracles software suite.
Level Up Your Terminal with Stax Card Readers What is a Credit Card Terminal? RELATED: Will a Stax Wireless Card Reader Improve Your Business? Dejavoo Z8 – The Z8 is similar to the Z11 in that it also supports EMV and NFC technology. They can also take contactless payments from mobile wallets.
As a result, SaaS businesses need to become more innovative in how their platform features and product offerings address their user’s unique operations and set of business needs. Stax Connect streamlines the enrollment process for SaaS companies. Whatever your enrollment needs, Stax Connect has got your merchant account covered.
Innovations in social engineering scams, sometimes conducted through social media, and phishing emails are designed to get the user to divulge sensitive information. Stax delivers an all-in-one payments platform that is secure, stable and customizable—and did we mention affordable? Contact us to learn more.
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. 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.
That’s why businesses are constantly seeking innovative ways to streamline operations and enhance customer experiences. For example, Stax has several useful API integrations to leading CRM tools, such as Hubspot, Xero, Wave and more. The commerce landscape—whether it’s retail, services or software—is moving faster than ever.
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.
Examples of popular SaaS apps include Shopify, an eCommerce platform, Dropbox, a cloud storage service, and Stax Bill, an automated payment processing system. These could include platform providers, hardware manufacturers, technology partners, channel partners, and system integrators. Consider Stax’s partner program.
The good news is that with a solution like Stax Connect, this need not be difficult or complicated. The good news is that with a solution like Stax Connect, this need not be difficult or complicated. Stax Connect has the capabilities to help you build a complete payments ecosystem from scratch in just a month’s time.
Choosing a trusted payment processing partner is the first step in ensuring your business accepts popular EFT payment methods and stays up-to-date with new technology. An EFT payment includes many more than debit or credit card transactions, and with seemingly constant technological advancements, new ways to pay are always emerging.
Insurance companies provide transactional APIs and technology infrastructure to allow merchants to integrate their insurance policies with their platforms. Fintech comes from “financial technology” and it’s the application of innovativetechnology in the financial services industry.
Best practices for ensuring AML compliance as a PayFac include continuously updating your AML policies, utilizing advanced technologies for monitoring, periodic internal reviews and audits, and engaging with AML experts and consultants. As technology advances and launderers evolve, the review net must become tighter as well.
When you buy something at a store and insert your chip card into a machine that uses EMV technology, that’s a payment terminal. These days, payment terminals can also conduct contactless payments and mobile payments, like Apple Pay, via Near Field Communication (NFC) technology. However, magstripes are no longer PCI compliant.)
Leveraging technology, monitoring chargebacks, and addressing individual business factors help to reduce credit card fees and improve overall profitability. Others such as Stax Pay use interchange pricing with a monthly subscription fee for merchant services, making it easy to understand credit card processing costs.
Trends in B2B Payments Like most aspects of life in the 21st century, the landscape of B2B payments is undergoing significant transformation fueled by digital innovation. Blockchain technology offers a decentralized and immutable ledger, enhancing transparency, security, and trust in financial transactions.
Changes in customer demand, market trends, new technologies, and the state of the economy can all impact how different types of subscription models are going to perform. As leaders in the subscription management space, Stax can help you streamline the decision-making process and stay ahead of the curve.
Select the Right Solution Consider cost, compatibility with existing systems, scalability, and user-friendliness of the self-checkout technology. Stay on Top of Maintenance and Upgrades Regularly maintain and upgrade the system, focusing on software/hardware updates, security audits, and new innovations for a better customer experience.
Getting cheaper rent is obvious, but modern technology has given us more options to reduce costs. One way to improve customer service is by using technology to make things easier and more personalized for customers. CardX by Stax enables you to maximize profitability through an automated and fully compliant surcharging program.
An innovative payment method that was already on a high trajectory gained even more traction, courtesy of the pandemic. They work using NFC and RFID technology. Contactless technology isn’t just fast and convenient, but also provides a secure way to make payments. How do Contactless Payments Work?
While needs vary from one business to the next, Stax stands out for its transparent pricing, robust analytics, and superior customer support. In this article, we’ll discuss why Stax is among the best payment processing services in Canada. The Stax platfrom supports multiple payment methods, beyond credit and debit.
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
As anISV, Stax works with a number of software partners to give sub-merchants total control over how they operate their businesses. An API allows a developer to integrate one technologys functions and features into their own tech stack, creating custom solutions for your operating systems specific needs. What is an API?
At Stax, we describe that journey in three key phases: build, launch, and grow. This recent Stax Connect webinar brings together payment leaders and experts to discuss how vertical SaaS companies can successfully build, launch, and grow their payment initiatives. ” “And that’s what our teams are like here at Stax.
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.
They typically assist with technology needs and customer service as well, acting as an intermediary to the card associations and banks. Step 4: The credit card processing companies send the payment to the business’s bank through a certified merchant services provider such as Stax. With Stax, your payment processing statement is simple.
Cryptocurrencies Cryptocurrencies like Bitcoin, Ethereum, and Tether use decentralized blockchain technology and cryptography to ensure fast and secure transactions. For example, Stax Pay is a powerful all-in-one platform that bundles a merchant account, payment gateway, and affordable payment processing in one package.
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