U.K.-based payment technologies company PayPoint announced the launch of its third generation “Advanced Payments” platform for merchants, according a press release posted on Finextra yesterday (Aug. 4).
The company designed the new platform from the ground up in order to address the digital needs of businesses, complete with a host of new adaptable features.
“For over a decade we have delivered rich, value-added products and features to our merchants. We feel a large number of our payments competitors have been incredibly complacent about product – it’s been alright to offer one-size-fits-all solutions and expect businesses to make compromises when addressing payments,” Rob Fernandes, PayPoint’s Product and Strategy Director, told Finextra.
“There is a lot of legacy and inflexibility amongst payment gateways. Advanced Payments marks the culmination of years of planning and addresses client feedback and our own innovation wish list. In particular, we wanted to end the conflict businesses face when choosing between outsourcing payments to address security compliance, or maintaining control over their consumer experience,” Fernandes stated.
The platform features two products, Cashier and CardLock, both of which aim to address many of the common issues facing merchants both on mobile and online. CardLock enables merchants who host their online presence to intercept card data and reduce scope, while the Cashier tool helps to remove Payment Card Industry Data Security Standard (PCI-DSS) security responsibility.
PayPoint’s Advanced Payments platform also features a PCI plugin and a fully outsourced PCI software development kit for iOs and Android mobile.
“The new Advanced Payments Platform and next generation product suite incorporates everything we’ve learnt from 15 years of processing payments online and on mobile,” said Dan Salmons, Managing Director of PayPoint Mobile and Online.
“Its modular design means we can tailor a solution to the merchant’s needs, based on products that are most applicable to them. We’ve made it so much easier to build payments around what a merchant actually wants. Businesses can explore our new technology immediately via developer documentation and explorer accounts on our company website.”