Tel Aviv, Ill., Dec. 15, 2015 —A newly released white paper from IDC highlights the growing trend of payments platforms, validating the strategic approach of payment tech provider Zooz. Authored by Andrei Charniauski, Head of Europe for IDC Financial Insights, “Payment Platform: Enabling Enterprise Transformation through Actionable Data” can be downloaded at get.zooz.com/zooz_idc_paper/ .
“Historically, enterprises never had much control over payments or merchant acquiring. They were typically connected to and serviced by a single processor,” states Charniauski. “As the payment industry develops, it is essential to disintermediate this simplistic value chain by adding a new layer — between the retailer and the merchant acquirer. This layer should work for the benefit of the enterprise, but it doesn't have to be owned by it. It should play a key role in helping the firm to gain control over the payment chain and extract the value of data.”
The paper goes on to highlight the business benefits of the modern payments platform, which include:
“Payments are emerging as a crucial platform for businesses of all sizes and sectors,” said Oren Levy, CEO of Zooz. “By making it possible to integrate with other systems and build supporting ecosystems for linking software and data, payments platforms enable the mining of data/customer insights, as well as omni-channel capabilities and ongoing innovation.”
ABOUT ZOOZ
Zooz provides a payments platform designed to help merchants maximize their payments performance. It offers the flexibility to connect with multiple financial institutions, seamlessly integrate acquirers, e-wallets, alternative payment methods, fraud management and other third-party services, and intelligently route transactions through the entire payment process. Zooz consolidates and analyzes all payment data to provide valuable information to merchants, enabling them to personalize customer experiences online and in-store. It is the partner of choice for any business seeking to extend reach, reduce decline rates, increase revenues, maintain strong customer relationships and meet the challenges of the dynamic global market. For further information please go to www.zooz.com .
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Source: Company press release.
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