Cayan, a payment technology company, announced Thursday (Oct. 27) a partnership with RedIron Technologies Inc., a player in retail commerce innovation. RedIron has integrated to Cayan’s Genius Platform, a cloud-based payments solution that mitigates the business challenges associated with integrating payment to the point of sale (POS). With this partnership, RedIron will enable retailers to benefit from future-proofed POS systems that provide true omnichannel capabilities.
“RedIron enables omnichannel integration solutions for retail systems. One of our main goals is to help retailers achieve flexibility and efficiency, and Cayan’s Genius Platform is going to help us reach that goal,” said Craig Bambrick, vice president of sales at RedIron, in a press release. “As the payments landscape continues to change at such a rapid pace, we want to arm retailers with POS system integration solutions that allow them to adjust seamlessly. We’re confident our partnership with Cayan is going to enable that.”
As consumers move towards using everything from mobile wallet providers to coupons and loyalty at the register, ISVs and merchants are in a position where they not only need to better support multiple channels but they need to be able to support complex use cases that consumers are expecting. RedIron’s partnership with Cayan will address both of those challenges. RedIron’s integration with Cayan’s Genius will allow customers to pay how they want and where they want — whether it’s through chip card transactions, mobile payments or credit/debit cards — and they will find additional support with Cayan’s newly launched Unified Commerce solution, which is centered on supporting multiple channels and those various use cases consumers seek today. Additional benefits of the Genius Platform include: security, since Genius keeps sensitive customer data off your POS and reduces PCI compliance overhead; speed, given Cayan’s ChipIQ technology achieves rapid EMV processing times of just 3.66 seconds; and versatility, because Genius uses multiple terminals that accept all payment types, including Apple Pay, Google Wallet, Samsung Pay and anything that comes next.
“The payments space is crowded, and shoppers and retailers are both looking for technologies that allow them to adapt efficiently,” said Henry Helgeson, CEO of Cayan, also in the press release. “We’re thrilled to be integrating our Genius platform with RedIron so they can provide their retailers with a system that’s prepared for the evolving payments landscape.”