STS, a payments acceptance software specialist, and Worldpay, a leader in global payments have today announced a new partnership that will deliver increased choice and capabilities for retailers, hospitality providers, travel merchants and service organisations looking to integrate payments at the point of sale.
As part of this agreement, the STS payment application that separates payments processing logic from the Electronic Point Of Sale (EPOS), will be integrated to Worldpay’s global acquiring platform. Additionally, a new transaction message decryption capability will be developed by STS, thus helping merchants migrate to more secure transaction-processing technology.
The focus of this agreement will be on the airline, rail, hospitality and transportation sectors where specific payments capabilities will cater for needs such as on-board sales, offline PIN verification, message decryption and multi-merchant infrastructure. European and Asian opportunities are currently being progressed as the new combined solution has global applicability.
With EPOS costs continually changing, an increasing number of businesses are looking to implement integrated systems at the point of sale thereby improving customer service, simplifying back office administration, and reducing shrinkage by doing so.
“By integrating G8 to Worldpay, merchants will benefit from the combined strengths of two payment leaders and access to new payment options and features” said Steve Turner, CEO of Smart Technology Solutions. “Project timescales, costs and business risk will all be reduced as the development, system integration and testing will already have been completed”.
“We continue to expand our portfolio of integrated solutions available to satisfy merchant demand. Partnering with STS will strengthen our proposition within the airline and travel sectors, initially offering a secure solution for on-board retailing,” said Thomas Helldorff, Vice President of Vertical Growth for Airlines & Travel at Worldpay. “Working together we will be able to offer greater choice and flexibility for merchants.”