Award-winning payment service provider UTP, one of the largest ISOs in the UK, has launched a SoftPOS product – tapeeno. It is one of the newest technological innovations in the fintech space that transforms merchant smartphones into payment acceptance devices. tapeeno delivers to the SME segment a much-needed fast settlement solution (to any UK bank account) combined with cost-efficient payment processing that needs no additional hardware and has no monthly fees.
tapeeno is expected to bring in a significant volume of new merchants for UTP, so the success of the product launch was highly reliant on efficient merchant acquisition, management and retention tools. With Paynt, UTP found a highly tech-minded acquiring partner who worked with them hand in hand and provided the required solutions that overcame the traditional obstacles of the payment industry:
Implementation of automated onboarding flows to deliver simple and fast merchant activation.
Customised data and settlement APIs to ensure UTP could provide their instant settlement solution.
Tailored performance reports and BI tools giving valuable insights into day-to-day operations.
“We are very proud of the product we have introduced to the market. A lot of thought and effort went into making sure that we meet the expectations of our customers and together with Paynt developed the product exactly as we needed it.” – Michael Ault, CEO of UTP
Frank Landen, Head of POS at Paynt added: “The launch of tapeeno is an important achievement not only for UTP, but also for us at Paynt. It is a testament to our capabilities as a fintech company and reinforces our strategic vision of becoming the go-to acquirer for European payment service resellers. We also see this project as a perfect launchpad for the wider adoption of SoftPOS as a solution, and Paynt is well-positioned to be at the forefront of it.”
Paynt is a fully integrated global payment solutions and infrastructure provider. Acquiring-as-a-Service is its flagship product, targeted specifically at the reseller segment – Independent Sales Organizations (ISOs), Payment Service Providers (PSPs), Independent Software Vendors (ISVs) and SaaS companies. Paynt offers access to omni-channel payment acceptance capabilities and recently launched its new platform that automates and streamlines functions required to onboard, manage, and retain merchants.