Use Cases of the Open Payment Network

Software Providers that are new to or struggling with payments.

Many software vendors have multiple difficulties managing payments as part of their business. Historically, they would have integrated with a number of payment gateways to win merchants’ business. Over time, this fractured set up has caused issues such as confusion for both the merchant and software provider, lack of support from gateway vendors, stress on internal technical resource and no control over the timeframe of onboarding and gateway revenues.

Cardstream’s white label gateway solution provides a software vendor a single API into all acquirers. The all in one solution complements their core solution to offer a slick onboarding process with a dedicated partner-focused support team at Cardstream’s end. Software vendors also benefit by offering their merchants an omni-channel solution with both POS terminals and digital payments supported. This ensure the software vendor adds an additional value for easier merchant retention in the long term. On top of this, the software vendor has full control of the gateway commercials it sets to their merchants, creating a new recurring revenue stream to their business.