How Cloud-Based Payment Platforms Are Changing the Way Retailers Do Business

Leveraging the Power of the Cloud
The marriage of cloud technology and payment processing is creating new opportunities for retailers. In a typical payment system scenario, merchants are tasked with researching and securing a payment solution and an acquiring bank to process transactions. In addition to the pain and inefficiency of initial setups, which tend to occupy precious internal IT resources and shift focus off of core issues, the retailer is responsible for integrating and maintaining the myriad of solutions and system it's using. It's not uncommon for large merchants to juggle well over 50 payments-related integrations.