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Stripe and FreedomPay Collaborate for Enterprise Solutions over 1,000 POS Systems

Pat Crawley Pat Crawley Send an email
0 74 17 minutes read
stripe-and-freedompay-collaborate-for-enterprise-solutions-over-1,000-pos-systems

Wednesday, 09/10/2024 | 16:41 GMT by Tareq Sikder

  • The collaboration allows companies to integrate Stripe’s payment tools with FreedomPay-supported card readers.
  • Stripe is investing in contactless payment solutions like Tap to Pay on Android and in new NFC applications.

Stripe

Finance Magnates

Stripe has partnered with FreedomPay to offer more flexibility in enterprise-level payments. While many businesses already use Stripe’s Terminal with custom point-of-sale (POS) apps, larger companies often prefer their existing systems.

Unified Commerce Solutions Launched

Chris Kronenthal, President of FreedomPay

Chris Kronenthal, President of FreedomPay, Source: LinkedIn

FreedomPay offers a range of commerce solutions, integrating POS systems, payment providers, and loyalty programs.

The collaboration with Stripe will enable businesses to use Stripe’s services, including fraud protection and payment optimizations, alongside more than 1,000 POS systems and third-party card readers supported by FreedomPay.

One of the key features of the partnership is unified reporting. For companies that operate across multiple payment processors or business lines, this will allow them to view all payment data in one place. This feature is expected to benefit businesses with complex operations, such as hotels and restaurant chains.

“We are excited for this partnership to combine FreedomPay’s advanced payment tech functionality with Stripe’s industry-leading payments reliability and innovation. Together we can better serve more large enterprises and power their unified commerce needs,” said Chris Kronenthal, President of FreedomPay.

Thanks for inviting @freedompay and announcing our global partnership @Stripe Tour NYC #unifiedcommerce – defo money movement made easier for enterprise pic.twitter.com/JtRoM9rRZz

— FreedomPay (@freedompay) October 9, 2024

Meanwhile, Stripe has appointed Rahul Patil as the new Chief Technology Officer, succeeding David Singleton, as reported by Finance Magnates. Patil will oversee global operations for Stripe, including the ledger, billing, financial data warehouse, regulations, and tax platform.

Expanding Direct POS Connectors

In addition to the FreedomPay partnership, Stripe has expanded its list of direct POS connectors. These connectors make it easier to integrate Stripe’s Terminal SDK with third-party POS systems. New connectors include those for Cegid and Oracle Xstore, joining earlier connectors for Adobe and Oracle OPERA.

For example, Colombian retailer Tennis used Stripe’s Cegid connector to streamline online and in-store payments in the US, which reduced checkout times and errors.

Stripe is also investing in contactless payment solutions, such as Tap to Pay on Android. This feature allows businesses to accept payments directly on Android devices. Companies like Qromo and HitPay are already using Tap to Pay across different devices.

The company is also exploring other uses of NFC technology, including “Tap to Add” and “Tap to Verify,” to improve customer experience and security.

Stripe has partnered with FreedomPay to offer more flexibility in enterprise-level payments. While many businesses already use Stripe’s Terminal with custom point-of-sale (POS) apps, larger companies often prefer their existing systems.

Unified Commerce Solutions Launched

Chris Kronenthal, President of FreedomPay

Chris Kronenthal, President of FreedomPay, Source: LinkedIn

FreedomPay offers a range of commerce solutions, integrating POS systems, payment providers, and loyalty programs.

The collaboration with Stripe will enable businesses to use Stripe’s services, including fraud protection and payment optimizations, alongside more than 1,000 POS systems and third-party card readers supported by FreedomPay.

One of the key features of the partnership is unified reporting. For companies that operate across multiple payment processors or business lines, this will allow them to view all payment data in one place. This feature is expected to benefit businesses with complex operations, such as hotels and restaurant chains.

“We are excited for this partnership to combine FreedomPay’s advanced payment tech functionality with Stripe’s industry-leading payments reliability and innovation. Together we can better serve more large enterprises and power their unified commerce needs,” said Chris Kronenthal, President of FreedomPay.

Thanks for inviting @freedompay and announcing our global partnership @Stripe Tour NYC #unifiedcommerce – defo money movement made easier for enterprise pic.twitter.com/JtRoM9rRZz

— FreedomPay (@freedompay) October 9, 2024

Meanwhile, Stripe has appointed Rahul Patil as the new Chief Technology Officer, succeeding David Singleton, as reported by Finance Magnates. Patil will oversee global operations for Stripe, including the ledger, billing, financial data warehouse, regulations, and tax platform.

Expanding Direct POS Connectors

In addition to the FreedomPay partnership, Stripe has expanded its list of direct POS connectors. These connectors make it easier to integrate Stripe’s Terminal SDK with third-party POS systems. New connectors include those for Cegid and Oracle Xstore, joining earlier connectors for Adobe and Oracle OPERA.

For example, Colombian retailer Tennis used Stripe’s Cegid connector to streamline online and in-store payments in the US, which reduced checkout times and errors.

Stripe is also investing in contactless payment solutions, such as Tap to Pay on Android. This feature allows businesses to accept payments directly on Android devices. Companies like Qromo and HitPay are already using Tap to Pay across different devices.

The company is also exploring other uses of NFC technology, including “Tap to Add” and “Tap to Verify,” to improve customer experience and security.

Tareq Sikder

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A Forex technical analyst and writer who has been engaged in financial writing for 12 years.

  • 1014 Articles
  • 9 Followers

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