One thing that’s sure about the future is that it brings change. Technologies advance, software evolves and businesses must try to be ready for the next “big thing.”
For ISVs looking to gain a competitive edge in the market, many consider how to future-proof their businesses for the solutions and technology that have yet to enter the industry. But when it comes to payments technology, that can be easier said than done.
As ISVs know, payment integration can be complex. But much of the friction can be alleviated by choosing the right payments partner to help onboard new payment solutions. The ability to integrate the latest security and compliance features, along with the most up-to-date technology helps ISVs future-proof their business.
We’re here to help ISVs better understand what steps they should take to be ready as new solutions become available in the market.
Future-Proof Payments With Better Integration
Thanks to cloud technology, integrating payments is simpler than ever before. Across the software space, migrating to new systems via the cloud has made it easier for ISVs to navigate the B2B software business today. Now, with the ability to onboard new systems faster and easier than ever, the cloud has become a valuable tool to help reduce time, reduce integration friction points and get payment processing up and running faster than ever.
Integrated payments solutions today can also help ISVs expand their customer base and help them continually onboard new, diverse payment options. Beyond EMV, ISVs must work with a payment partner that can help them onboard contactless and mobile payments. The payments ecosystem is evolving rapidly with new options each year and ISVs should have a payment processing partner that understands where the future of the industry is headed. Today, the future is all about SaaS solutions that are nimble, flexible and easy to integrate.
Not only do these more modern payment systems help keep ISVs prepared to future-proof their own business, but they also help reduce friction points that may occur along the way with customers who are expecting more out of their experience. Integrated payments give you the ability to bridge the gap between your hardware and software needs. ISVs must be able to serve merchants’ numerous channels, which translates to both physical POS devices, and online and mobile software. Embracing cloud technology and integrated payment options are the first steps in achieving that goal.
Future-Proof Payments With Better Security
ISVs can’t overlook the need to choose payments processing with industry-leading security features. Future-proofing your payments also means protecting yourself, and your customers, from unforeseen threats. The only way to do this is to take a proactive approach to security and compliance by choosing a payments processing partner that understands how to continually upgrade its security features.
For example, ISVs should work with a payments processing partner that offers end-to-end encryption over all data. Features like tokenization of payment credentials are no longer a perk, but a must to ensure your business is future-proofed. ISVs should also look for tools that help them onboard new security features, including a developer’s toolbox that enables ISVs and merchants to customize their payments processing hardware and software
Choosing a future-proofed payments processing partner also gives ISVs peace of mind that integration will be done in the most secure environment, and in the least amount of time possible. As ISVs know in this highly-competitive industry, speed and security make or break your ability to attract customers.
Future-Proof Payments With Better Mobility
Being mobile friendly isn’t just limited to the B2C market. The B2B market has transformed into a world where customers expect mobile experiences. Software solutions today need to be able to enable customers to conduct their business whenever however and wherever they want. Mobile payments allow businesses to streamline payment processes and tailor interactions to how the customer prefers to pay.
ISVs must take advantage of this growing trend in order to future-proof their payment solutions. Mobile payments today offer businesses the speed, flexibility, and security necessary to properly serve their customers. And unlike with clunky legacy payment systems that are difficult to upgrade when a new software becomes available, mobile is built with adaptability and scalability in mind. ISVs must work with a payment processing solution provider that can help ease their mobile payment software needs in order to serve a wider variety of customers.
Ready to learn more? See how goEmerchant can help you get started with our easy-to-integrate payment processing solutions that will help your business and your customers be ready for today and tomorrow.
