How "Simple" Became an Industry
How “Simple” Became an Industry
Keeping commerce simple can be a complicated business. Behind every transaction, there’s a complicated web of multilayered technologies that collaborate to make commerce seamless, secure and yes, simple.
Meeting demand for seamless, secure and simple commerce requires a mix of specializations, including the following:
Communications mastery empowers redundant networks to step in to do the job during a network outage, enabling millions of transactions to get authorized and settled, without skipping a beat.
Data-driven insights accelerate business with real-time sales data, enabling business owners to make better business decisions and get insights into customers’ payment habits.
Accounting software integration means getting paid faster while eliminating double-entry, manual accounting practices while facilitating e-invoicing and digital payments schemes.
Embedded payments deliver the processing engines that power vertical solutions while taking the pain out of paying.
Customized solutions create an exceptional customer experience that keeps the focus on core business priorities while keeping payments, accounting and other distractions behind the scenes.
Commercial-grade processing gives business owners custom wholesale B2B rate structures and value-added services that are purpose-built for their specific business models.
Chargeback automation helps merchants mitigate risk and recover revenue by reducing and eliminating chargebacks.
Consumers and business owners want commerce to happen on their terms, which means right now with no fuss and especially no friction. Friction in payments can take many forms. It could be the annoyance of entering a credit card number on a smartphone screen, or waiting in a long checkout queue, or not being able to check out using a preferred payment method. Basically, friction is anything that replaces the joy of shopping with the pain of paying.
Payfacs make business simple
Payments analysts are predicting that the current COVID-19 pandemic may accelerate digital transformation. However, recent analysis by global technology research firm Analysys Mason indicates that only 42 percent of U.S. enterprises have a digital transformation strategy in place.
As business leaders search for ways to better serve their customers and maintain business continuity, payfacs can help bridge the gap between legacy systems and advanced integrated business management software solutions. In addition to cutting IT-related costs, these solutions help businesses derive data-driven insights from their customers, supply chain and enterprise. More importantly, they enable businesses to support the way their customers want to pay, by offering a range of payment options that eliminate friction and drive customer longevity.
As a payfac and PCI Level 1 certified gateway, VyaPay is well positioned to help business owners and service providers to deliver a simple and frictionless customer experience. VyaPay partners save time and money while benefitting from the company’s graphical reporting tools, chargeback automation and real-time data analytics.
VyaPay processes a range of in-store and Card Not Present electronic payments, including major card brands, ACH, eChecks, 3D Secure, 3DSv2 and cross-border payment schemes. The company partners with merchant acquirers, ISOs, ISVs and VARs to help merchants of all sizes and industries transform the B2B experience. For more details, visit www.vyapay.com or contact us directly at 833-4-VYAPAY.