Digital Transactions Authoritative, insightful and timely information for payments professionals
The hottest ticket in payments is software integrations, and two firms have bolstered their connections to software developers.
Austin, Texas-based ePayPolicy, which provides digital payouts for the insurance industry, lined up an integration with INTX Insurance Software, also based in Austin. INTX provides administrative software to insurance carriers.
ePayPolicy says the integration enables INTX clients to automate and sync admin and accounting tasks that had been manually completed. Among its services, ePayPolicy lists its integrations as being able to provide real-time invoicing, invoice notifications, and autopayment services.
“Consumer demand for easy, paperless payments has been growing for decades, and our industry is finally catching up to what’s been standard practice in most other industries,” Mark Engels, ePayPolicy chief executive, says in a statement.
In related news, TSG, a payments-advisory firm based in Omaha, Neb., is broadening its coverage of software companies in payments. TSG says the expanded areas include strategy guidance, education services to help software firms understand payments better, financial modeling and revenue planning services, technical and user experience guidance, and consultation in picking partners and benchmarking.
TSG says the broader emphasis reflects the growing importance of software as a commerce channel, making embedded payments in these applications more important to the developers and payments firms. Navigating how payments work can be challenging for software developers, TSG says.
Also, TSG, in conjunction with the Retail Solutions Providers Association, a trade group for software developers in retail, released a white paper called “Channel Strategy Without Conflict—Aligning ISVs and VARs for Growth.”.
