Payment Processing
Solace makes it easier for newcomers to enter the payment processing market with innovative services, and helps established leaders modernize their infrastructure and offerings.
Solace makes it easier for newcomers to enter the payment processing market with innovative services, and helps established leaders modernize their infrastructure and offerings.
The payments space is fiercely competitive and changing at breakneck pace. With consumers transitioning to cashless transactions, digital commerce continuing to boom, and commercial entities shifting toward electronic transactions, incumbents and upstarts alike are facing tremendous challenges and opportunities.
Here are a few ways Solace helps companies build payment processing systems that meet the needs of today’s demanding customers and dynamic marketplace:
The leading payment processors have amassed huge volumes of information over the years, and assembled complex sets of processing and storage technologies to manage it.
PubSub+ helps these firms unlock data stored in legacy systems and efficiently distribute it to powerful new analytics engines along with end users via web and mobile apps. This lets them make smarter decisions, monetize all of the information at their disposal, and easily add innovative services to their portfolios without disrupting core back-end systems. The robustness and high availability built into every PubSub+ event broker can also improve the uptime and responsiveness of their infrastructure.
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Unencumbered by historical data and outdated infrastructure, new entrants to the market can quickly attract customers with innovative offerings in areas such as micropayments and mobile transactions. The lower volume of transactions also makes it easier for them to capture and use that information to help businesses and credit card issuers better understand the behavior of customers within segments and across markets.
PubSub+ event brokers establish efficient flows of reference and transactional data between customers and the rapidly-evolving tools and technologies they use to securely process payments.