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IndustryUpdate
cash flow of this emerging credit option. The research
compares both consumer and merchant costs in com-
parison to credit cards. It dispels the claims that the
product is a cheaper option for buyers and sellers, as
well as covers credit policies used to gain scale and sug- tal banking technologies, to provide API connectiv-
gests fintechs consider tightening credit policies so that
losses do not cannibalize profits.
PARTNERSHIPS
Datacap, Loyalzoo to offer recurring billing
Datacap Systems Inc. a hardware- and processor-agnos-
tic payments provider, partnered with Loyalzoo, a
digital loyalty card service for small and midsize retail-
ers and eateries, to offer Datacap's POS partners a
recurring membership payments option. The Loyalzoo
membership platform is available for new and existing
partners utilizing Datacap's ecommerce integration, Pay
API, available as part of Datacap's NETePay Hosted
omnichannel payments platform. Loyalzoo's mem-
bership platform allows merchants to easily manage
memberships with automatic recurring payments using
Datacap tokens, marketing promotions, card updater,
multiple site support and success reporting—all via the
payment processor of their choice, the partners stated. RewardPay Choice, to enable businesses to save thou-
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ENACOMM, Data Center team up
Fintech company ENACOMM partnered with Data
Center Inc., a developer of banking software and digi-
ity between DCI's iCoreGO online/mobile solutions
and any other core processors. DCI will also leverage
ENACOMM's open API stack to empower current DCI
clients to choose among other ancillary applications,
payments processors and data aggregators of any type.
Sarah Fankhauser, president and CEO of DCI, said that
thanks to this partnership, "core processor compatibility
is no longer an issue for financial institutions who want
to take advantage of our market-leading iCoreGO online
banking and mobile banking technologies."
Payroc, Ingenico partner on next-gen tech
Payroc and Ingenico formed a partnership to offer new
payment technology that meets the most demanding
use cases. The new product line, spotlighted by Payroc
as front-line payment terminals, will offer more features
for secure, swift payments to agents and merchants, the
partners stated, adding that the Ingenico Tetra devices
are designed for restaurant, retail and mobile payment
acceptance. The devices are also fully integrated with
sands in monthly processing fees through compliant
surcharging.
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