The brave new payment world

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By Hans Langenhuizen, Chief Commerical Officer at AEVI

  • Legacy payment infrastructure is a roadblock for merchants
  • Technology empowered consumers demand more from transactions, offering just payments is no longer enough
  • First white-label B2B App Store via an open and controlled ecosystem

The world of payments is changing. Cash is no longer king, and cards face competition from watches and smartphones. Soon, any accessory will be able to carry built-in payment capabilities, making transactions quicker, easier and more efficient. It’s time for banks, acquirers, ISOs and merchants to shake the dust off payment legacies and satisfy the demand for flexible payment systems.

AEVI is playing a significant role in the fintech revolution with its innovative payment platform that offers new and better ways to pay. The collaborative product moves beyond traditional payments, incorporating value-added apps and services (VAAS) to turn business and payment challenges into strategic upside potential, with real end-consumer interaction.

AEVI recognises that fulfilling consumer expectations means doing more and offering up-to-date solutions in payments and value added services. That’s why they’ve built an open ecosystem. This solution brings banks and acquirers closer to merchants, and merchants closer to consumers, opening up new business opportunities for payments, value-added services (VAAS) and beyond.

So what is AEVI´s answer to the current market needs? AEVI transforms the classic supplier-vendor-relationship between banks, acquirers and merchants into strategic partnerships. AEVI offers a white-label, hardware-independent, fully integrated end-to-end solution portfolio, which extends merchants’ cross-border capabilities to accept and process F2F payment transactions by any acquirer. Any buyer, anywhere, in any currency. Banks, acquirers and ISOs keep their brand front and centre, while in the background, transaction data is consolidated and accessible, with AEVI routing transactions through a single gateway. This brings data together in one place, putting the merchant bank in control. Connecting to AEVI’s central platform ensures the seamless processing of F2F payment transactions, loyalty transactions and value-added services using vendor-independent EFT-POS, mPOS and ATMs, overcoming the barriers of complex integrations, regulation and certifications.

Merchants need a future-proof solution. That’s why, in addition to the payment platform, AEVI has created the first white-label B2B app store and cloud platform linking banks, acquirers and app solution providers. Through this multi-partner cooperation, AEVI’s all-in-one POS, called Albert, delivers value-added services to merchants and consumers. Albert is an android-based tablet with an integrated encrypted PIN pad, card reader and receipt printer, capable of accepting secure payments (PCI certified). He’s the merchant’s new best friend.

Within its B2B marketplace, AEVI offers a new channel for app solution providers to develop and distribute high-quality apps for payment devices. Merchants can download these apps to customise their devices and create a personalised operational environment. In addition, AEVI offers full device life-cycle management, from provisioning Albert to a merchant to monitoring in the field and final decommissioning. This allows acquirers and banks to bolster merchant retention and generate new revenue streams and business models to go beyond payments, with their own unique branded experience.

It’s win-win-win all the way to the bank. Through the open ecosystem, AEVI is providing new opportunities for all businesses to grow, develop and be brave in their ventures, by embracing collaboration and linking both traditional and new market players to drive innovation to market faster, truly revolutionising the payment industry.

Open up new business opportunities by joining the AEVI Community and shake up the payments ecosystem, now! www.aevi.com


 

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