EVO Payments Expands Partnership With Oracle

The payments technology company EVO Payments has expanded its partnership with Oracle to offer Oracle’s enterprise payment solutions to EVO’s retail and hospitality merchants.

The company announced the new arrangement in a news release Tuesday (Nov. 16), saying it would also offer acquiring services to existing Oracle customers.

With this partnership, EVO plans to develop a direct integration to the Oracle Payments Interface, which will provide access to all of Oracle’s point-of-sale (POS) software solutions, including Opera, Xstore POS, and Simphony POS.

The company is already a member of Oracle PartnerNetwork, which provides integrations to Oracle’s on-premises and cloud-based E-Business Suite enterprise resource planning (ERP) solution, both of which enable B2B payments and automate accounts receivable.

The PartnerNetwork is a program designed to speed the transition to cloud and “drive superior business outcomes,” the companies say. It lets partners engage with Oracle through various tracks aligned with how they go to market.

“We now have the ability to offer Oracle’s most modern POS solutions to our global retail and hospitality customers, enhancing the functionality of their business management solutions and allowing for a seamless payment experience,” EVO CEO James G. Kelly said in a statement.

“We further gain the ability to target new merchants for payment acceptance, including those merchants currently leveraging Oracle software solutions.”

EVO was featured earlier this year in PYMNTS’s eBook “A Decade of Digital Transformation in 12 Months,” with CFO Tom Panther discussing the pandemic-fueled switch to digital.

“In 2020, companies who were apprehensive about restructuring their payment acceptance processes were finally exposed to the benefits of electronic billing and digital payments, which include increased speed, security and convenience,” Panther wrote.

“Companies are seeing faster collection times and decreased days sales outstanding (DSO) averages — which were especially helpful in the last year, when the future of the economy was uncertain and companies were left with less cash on hand.”

Once the leap to digital payments happen, it’s likely that companies will stay with that method rather than going back to paper-based practices, writes Panther. In fact, EVO has seen its clients expand their digital payments offerings even further.