Infinicept Develops Open Payment Operations Solution for Embedded Payments

Embedded payments software provider Infinicept is rolling out a new single, open payment operations solution that will give clients the ability to network with any processor or alternative payment rail they choose.

Infinicept’s new solution, Infiniport, enables payment facilitators, payments companies, and software platforms with embedded payments to “bring their own processor” (BYOP) to their payments and business initiatives, according to a Monday (Aug. 8) press release.

“Infiniport is one of the most strategic go-to-market initiatives we have launched,” Infinicept Senior Vice President of Growth Michael Bradley said in the release. “With this capability, we are taking a massive step towards enabling our vision of empowering organizations to take control of their future through embedded payments.”

See also: Embedded Finance Brings Consumer Convenience to B2B Payments

The new solution provides compatibility with any gateway, terminal, or orchestration solution and works across any processor. Infiniport also offers standardized fee management and settlement operations across several processors, per the release.

“Infiniport is part of our vision to help the payment ecosystem avoid lock in and choose the right combination of solutions which best support their business needs,” Infinicept Co-founder and Co-CEO Deana Rich said in the announcement.

“Most off-the-shelf payments solutions come with trade-offs, but Infinicept is focused on allowing customers to keep their payments revenue, ownership of their data, and control over their payments product and ultimately the customer experience,” Rich added.

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One-to-many capability is something else also offered by Infiniport, which aims to enable the operation and management of payments with any processor, anywhere. The solution also provides mix and match payment types, options to develop custom integrations, and enables orchestration between processing platforms.

Infinicept also offers PayOps capabilities through Infiniport, including risk monitoring, compliance, fee management and settlement.

The firm’s pre-built integrations with FISERV, Adyen, FIS and TSYS comprise a majority of the North American embedded payments processing market, according to the release. Major processors are continually integrating with Infiniport.