London, 27 April 2018
STS, a payments acceptance software specialist, and Worldpay, a leader in global payments have today announced a new partnership that will deliver increased choice and capabilities for retailers, hospitality providers, travel merchants and service organisations looking to integrate payments at the point of sale.
As part of this agreement, the STS payment application that separates payments processing logic from the Electronic Point Of Sale (EPOS), will be integrated to Worldpay’s global acquiring platform. Additionally, a new transaction message decryption capability will be developed by STS, thus helping merchants migrate to more secure transaction-processing technology.
The focus of this agreement will be on the airline, rail, hospitality and transportation sectors where specific payments capabilities will cater for needs such as on-board sales, offline PIN verification, message decryption and multi-merchant infrastructure. European and Asian opportunities are currently being progressed as the new combined solution has global applicability.
With EPOS costs continually changing, an increasing number of businesses are looking to implement integrated systems at the point of sale thereby improving customer service, simplifying back office administration, and reducing shrinkage by doing so.
“By integrating G8 to Worldpay, merchants will benefit from the combined strengths of two payment leaders and access to new payment options and features” said Steve Turner, CEO of Smart Technology Solutions. “Project timescales, costs and business risk will all be reduced as the development, system integration and testing will already have been completed”.
“We continue to expand our portfolio of integrated solutions available to satisfy merchant demand. Partnering with STS will strengthen our proposition within the airline and travel sectors, initially offering a secure solution for on-board retailing,” said Thomas Helldorff, Vice President of Vertical Growth for Airlines & Travel at Worldpay. “Working together we will be able to offer greater choice and flexibility for merchants.”
STS is a leading payments acceptance application developer with unrivalled EMV expertise. Although the company is based in the UK, we have supplied over 150,000 merchant implementations located around the world across multiple industry sectors. We offer merchants independence from payment schemes, acquirers, gateways, PSPs and device manufacturers, thereby generating financial savings and maximising their payments flexibility and future choices.
We are a product-led company that invests heavily in developing high-quality payments acceptance applications and features in order to remain at the forefront of payments innovation. This started with EMV Chip and PIN payments in which we became a global market leader and now includes contactless, in-store mobile payments, payment cloud implementations and the management of Internet of Things (IoT) devices. Our applications are designed to allow partners to establish competitive advantage. We have earned a reputation for trust, honesty and integrity by continually delivering high quality software and excellent support throughout our 20-year heritage.
Worldpay, Inc. (NYSE: WP; LSE: WPY) is a leading payments technology company with unique capability to power global integrated omni-commerce. With industry-leading scale and an unmatched integrated technology platform, Worldpay offers clients a comprehensive suite of products and services globally, delivered through a single provider.
Worldpay processes over 40 billion transactions annually through more than 300 payment types across 146 countries and 126 currencies. The company’s growth strategy includes expanding into high-growth markets, verticals and customer segments, including global eCommerce, Integrated Payments and B2B.
Worldpay, Inc. was formed in 2018 through the combination of the No. 1 merchant acquirers in the U.S. and the U.K. Worldpay, Inc. trades on the New York Stock Exchange as “WP” and the London Stock Exchange as “WPY.” Visit us at www.worldpay.com
Bing Dai, Senior Channel Manager, STS
+44 (0)20 8680 0252