iKobo was looking for a money transfer system development partner with substantial experience in financial systems—specifically payments. They needed a team that understood Regtech and fraud protection. Since Softjourn has extensive financial industry experience and knowledge, the choice was made pretty quickly.
Viamericas is the #1 ranked licensed money transmitter offering international money transfers and bill payments at thousands of agent locations across the United States. They are partnering with Softjourn to build their own banking solutions with improved functionality and integrated OCR software in the final solution.
To respond to their customer’s changing needs and keep maintenance costs down, UPC collaborated with Softjourn to migrate and update their processes associated with eCommerce Connect. By updating the software, UPC also ensured that ongoing and future maintenance of the entire processing system would be easier, faster, and cheaper.
Want to know how our financial experts can help your project?
Payments trends that have been evolving slowly over years accelerated overnight as the pandemic forced businesses to follow social distancing mandates. Many areas of the world are already well acquainted with digital wallets and contactless payments, while the U.S. market is playing catch up.
Achieving optimized payment flow is the ultimate goal of every merchant. Payment orchestration helps leverage new technologies to prevent fraud, increase authorization rates, and offer a satisfying customer experience.
As payments become more convenient and simplified through the use of cards, mobile phones, and other technologies, it is easy to see why demographics/target audiences are starting to prefer digital payments.
Payment processors were hard hit between March and April of this year, as “closed” signs were hung in global economies to stymie the spread of COVID-19. As lockdowns are lifted and countries begin to reopen after flattening curves, transaction volume is rising.
