The Future of Payments Processing is Now
Over the past 75 years, payment service providers (PSPs) have helped manage a powerful and secure global infrastructure that’s enabled hundreds of trillions of seamless transactions. During that time, PSPs have generated billions of dollars in revenue through interchange fees, service fees, and other charges.
But more recently, the entire customer-to-business payment journey has undergone a massive transformation. These transformations include updated POS systems that can handle new forms of payment and other innovative advancements that PSPs can depend on for growth and scalability. And with new technologies comes new ways to leverage a smarter, more digitized payment ecosystem.
Optimize the Merchant Experience
Digital Unboxing
The most successful PSPs are now utilizing automated campaigns to reduce new merchant, device and app deployments to accelerate activations, dramatically reducing in-person and over-the-phone training.
Digitized Workflows
Delivered in real time via scheduled campaigns and available on a self-serve basis, digitized workflows are proven to optimize call center performance and reduce customer care costs by up to 75%.
Actionable Surveys
Easily collect feedback from merchants and quickly respond to trends and issues from the “front lines”. Merchant surveys are a great way to measure merchant satisfaction, capture referrals, and reduce merchant attrition.
Guided Compliance
Keep merchants up-to-date with the latest KYC/AML, PCI, governmental, and card brand guidelines. With streamlined guided compliance content, you’ll drive awareness and guide merchants through completion.
Accelerate Sales of Existing Value-Added Solutions
PSPs have made huge investments to enhance core payment offerings to meet the ever-evolving needs of merchants and consumers. However, driving adoption among small and medium-sized businesses (SMBs) can be a challenge. These value-added services can help create attractive, tailored offerings with clear ROI for SMB merchants.
- Gift Cards, Loyalty Programs & Marketing Services
- Industry-Specific POS Solutions
- Embedded Lending & Working Capital
- Alternate Payments & Buy-Now-Pay-Later Solutions
- Mobile Wallets & Contactless Payments
Power a New Embedded Media Channel
PSPs operate an incredibly efficient but ever-evolving infrastructure of transactions, and staying ahead of the curve is the best way to remain successful. Embedded media channels aren’t just the future of payment services — they’re a smart, secure, payment-ready ecosystem that allows PSPs to add multiple revenue streams.
Benefits of Embedded Media Channels:
- A powerful ad network for B2B, B2B2B, and B2B2C businesses
- Help third-party partners reach SMBs with a guided buying experience
- Drive more sales while generating referral and resell revenue
- Seamlessly enable multiple omnichannel B2B & B2C buying journeys
- Generate more critical data than ever before
POPcodes was recently featured on the UBS Payments Innovation Event Series. Members can view the summary report here.