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Incorporating SaaS to offer Payments-as-a-Service

August 31, 2018 by Anindya Chanda SaaS, PaaS, B2B Payments

Software is changing our world and the way companies operate in it. Shifts in technology and the rise of modern, cloud services have reshaped entire industries. These shifts have created zero-sum situations with a new set of winners, leaving many businesses who did not -- or were unable to -- reinvent themselves on the outside looking in. For every Uber, AirBnb, and Netflix, there are many more local taxi, hotel, and video rental companies who did not embrace new software and services. To remain relevant in today’s rapidly changing business world, it is important to continually review and reimagine your business by taking advantage of the latest developments in technology. In this article we'll discuss Software-as-a-Service (SaaS) and how to incorporate SaaS to offer Payment-as-a-Service.

What to Look for When Choosing a Billing Portal

June 26, 2017 by Kenzie Earle Billing Portal, AR Solutions, Digital Payment, Payment remittance, SaaS, blockchain, Payment as a service

In our last look at traditional lockboxes, we learned what is entailed in the involved process and that there is a large margin for error. The current challenges include poor working capital optimization, zero cash visibility and friction in buyer-supplier relations due to frustrating limitations in the payments realm. One of the biggest issues in B2B payment processing is that both buyers and suppliers are comfortable with the way they’re processing payments now – even if the method is antiquated and ineffective. PayStand aims to stand by a progressive methodology in order to promote a higher standard in for players in the world of FinTech and the businesses that are impacted by it.

Four Keys to Adding Payments to Your Software Platform

February 11, 2016 by Jeremy Almond tools, online payments, One-Click Checkout, Payments, payments-as-a-service, SaaS, B2B, Enterprise payments, e-billing

It’s been said that “software is eating the world” - and it’s true. Software platforms for businesses (aka B2B software platforms) are proliferating at an accelerating rate, serving a dizzying array of business needs including accounting, project management, time tracking, billing, CRM, and many others. Developers are racing to fill the needs, creating broad-based “generic” platforms as well as highly specialized tools that cater to the specific needs of particular industries. So whether a company sells organic beverages to corner groceries or horse feed for thoroughbreds, there are probably multiple tools available to help them to better manage their business. The abundance of tools creates an imperative for platform providers to continuously add new capabilities to deliver value to their users. Increasingly, B2B software platform providers are turning to payment services as a key area of innovation.

The "Tectonic Shift" Coming to Financial Networks: An Interview with PayStand CEO Jeremy Almond

July 31, 2015 by Jeremy Almond payments-as-a-service, SaaS, B2B

As consumers, we can see the changes that are coming to the way we pay for things--our smartphones are gearing up to replace our physical wallets, and in-app purchases are becoming (perhaps dangerously) easy, to the point of being invisible. But these cool new features are really just the tip of the iceberg of a much larger movement coming to finance and the movement of money. Today, our smartphones make it easier to use credit cards, which still operate over proprietary networks. But without the need for physical cards and swipers, why should payments initiated on the Internet take a detour through those old networks?

How B2B SaaS Companies are Changing How Work Gets Done in the Heartland

June 10, 2015 by Jeremy Almond SaaS, eCheck, B2B, Enterprise payments

…and giving big business a new lease on life

 

How Payments-as-a-Service Is Changing an Industry

March 23, 2015 by Jeremy Almond Bitcoin, ecommerce, Payments, payments-as-a-service, SaaS, eCheck

What happens when you apply SaaS principles to payment processing?

You may not realize it, but you probably depend on multiple SaaS (Software-as-a-Service) products to get through your work day (and at home in the evenings, when you tune into your favorite streaming service). SaaS refers to an Internet-based service for which you pay a monthly subscription fee, and in return receive access to the latest improvements and technical support.