Neil Camenker on Payment Integration for Software Vendors

(Newswire.net — April 14, 2017) Camarillo, California — Software vendors around the world continually seek ways to improve the customer experience. One of the emerging trends in software vendor businesses is the concept of payment integration. Neil Camenker, a noted business entrepreneur and the CEO of PayPoint USA, knows that customers have ever-changing behaviors and preferences. In general, though, consumers want efficiency, speed, and convenience when using a software platform. Integrating payment systems into the software itself offers that convenience and speed. “Integrating payment systems into software offers a range of benefits to both vendor and end user,” says Neil. “When all business functions are integrated, the user experience is greatly enhanced.” To learn more about payment integration initiatives by software vendors, visit http://www.business2community.com/finance/payment-integrations-key-software-vendors-01794326#Jeby4egXUHol5X7j.97.

Prior to the trend of integrating payments into software platforms, many vendors chose to use disparate components to handle the full range of business functions. Payment processing was often outsourced to stand-alone systems, creating extra steps for users and a less positive user experience. Outsourcing of payment processing is still possible, but in the integration model, the processing lives within the software platform. This gives added value and convenience to users. Some of the benefits of integrating payments into the software include streamlining the overall operation in terms of productivity and efficiency. Vendors gain the benefit of easier payment tracking and data collection. When all payment information is one place, reporting becomes easier and forecasting more accurate. In some cases, partnerships between payment processors and software vendors result in reduced rates for customers, further enhancing the experience.

Software vendors have two options when moving toward integrated payment processing. The first is to develop processing features from scratch. The second is to partner with an existing payment processing company, using their own Application Programming Interface (API). Examples include PayPal, eBay, and Salesforce APIs. There are thousands of payment processing APIs available for software developers and can be found in a variety of market sectors from consumer products to healthcare management systems, manufacturing ventures, and financial services providers.

Neil Camenker is the CEO of PayPoint USA, a leader in payment technologies for merchants. The company’s payment gateway software and virtual payment terminals can be found in business ventures across the country. “Payment processing is made easier by integrating with processing experts,” adds Neil. “Software developers have a lot of choices these days, and that eliminates the guesswork of developing proprietary payment systems into software platforms.” For more information on Neil and his work in the business world, visit http://neilcamenkerbusiness.com/.