How Paysemble™ Can Help Financial Institutions Integrate Different Payment Systems
Is legacy architecture slowing business growth? Paysemble™ is an integrated payments solution powered with innovative features and functionalities.
Safety, efficiency, and immediacy in payments have become critical to business success. This is because cash flow efficiency directly impacts small and medium-sized businesses, especially those operating via the internet. B2B and B2C real-time payments add transparency and drive business growth.
70% of global businesses report delays of up to 10% in the settlement of cross-border transactions.
The new ISO 20022 standard has made payment modernization even more critical. It helps businesses gather valuable insights and overlay value-added services on payment services, allowing the company to monetize every aspect of digitalization. Moreover, in the networked economy, faster information and value exchange are paramount. Integrated payments remove the delays and complexities associated with disparate payment enablers and gateways. And to address this gap in the money movement space, Opus Technologies has introduced Paysemble™, a proprietary API-rich framework that simplifies payment integration for Banks, FIs and merchants across diverse industries and enables them to offer customer-centric solutions. Read on to know why you need an integrated payments solution.
Integrated Payments Over Legacy Payments
Traditional omnichannel payment processing solutions were slow and error prone. For instance, manual payment processing is inefficient and frustrating for customers. It is a no-go for the digital age. Hosted payment gateways, on the other hand, redirect customers to leave the merchant platform. The disruption in customer experience can be disappointing and may lead to cart abandonment, often without you realizing the reason for it due to the opacity of third-party payments solutions.
No one wants to lose business at the last stage in today’s competitive age. Standalone payment software, which has been around for a while, requires you to switch between applications, slowing the customer experience while increasing the complexity of your systems to unmanageable levels.
Switch to Integrated Payments with Paysemble™
Your business needs a solution that manages all data and transaction flows effortlessly. This is an impressive feat to achieve. However, doing so requires exceptional expertise in the latest technologies. You must take care of security, compliance, automation, and accounting. An end-to-end solution that offers intelligent insights can provide better oversight of money movement and help you make informed strategic decisions. While integrated solutions offer immense revenue potential, they also involve cost and time investments. Plus, you need to single-handedly bear the risks associated with managing PayFac effectively through due diligence and regular audits. Additionally, such a solution must be extensive, scalable, agile, and adaptive to match the pace of transformation in the payments ecosystem as newer forms of payments emerge.
Paysemble™ is a loosely coupled, customizable solution. It offers greater control without limiting flexibility, while offering a structured approach to payment processing. It has been developed by a highly experienced team of money movement experts with a successful track record of transforming payments for numerous Fortune 500 companies.
90% of global financial organizations consider smart and faster payments with extensive remittance information “important” or “very important” to improving transaction processing and reconciliation.
Paysemble™ is a PCI/PA-DSS-certified integrated payments software that consolidates payments from multiple channels. The solution facilitates extensibility through interoperable message hubs, configurable security, and batch payment processing, allowing you to adapt to new business use cases as they arrive. Paysemble™ forms the foundational block to implement core payment functionalities that can be extended to all business-specific use cases.
Distinguishing Features of Paysemble™
How Paysemble™ Works
Financial institutions face diverse challenges in the evolving payment landscape. Emerging regulatory requirements and technologies further intensify the competition. However, legacy payment architecture with cumbersome workflows slows the pace of innovation and adaptability to emerging market trends.
The Paysemble™ workflow orchestrator offers a unified interface to capture payments initiated via diverse modes. These can be from diverse channels, such as eCommerce platforms, POS systems, mobile or web apps, or payment portals. The sophisticated core leverages cutting-edge APIs to connect the core functionalities with payment and banking interfaces. It simplifies the detection of fraud or money laundering, simultaneously enabling you to offer value-added services.
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