FIS announced that it is revolutionizing the way small-to-medium-sized businesses (SMBs) gain access to embedded payments and finance solutions through software providers with the launch of Worldpay for Platforms. Through Worldpay for Platforms, software companies can now onboard merchants and get them set up quickly to have access to the payment capabilities of one of the world's largest payment processors in Worldpay from the company. With Worldpay for Platforms, SMBs of all types will now be able to accept hundreds of currencies and popular payment methods globally, across online, mobile and point-of-sale transactions, as well as manage subscriptions, billing and invoices.
SMBs can also easily send funds and issue refunds, manage chargebacks, create customizable reports and get the tailored support they need to run their business and better compete with larger competitors. Additionally, the platform provides access to customized payment offerings and differentiated pricing, as well as white-glove' customer support and advisory services to software companies. This allows these companies to harness the advantages of being full payment facilitators without the heavy infrastructure lift.
Worldpay for Platforms solves a significant need for software companies that are focused on serving their users with various financial technology tools, while removing many of the go-betweens that come with having multiple software and payments providers. For example, the solution can help eliminate the need for SMBs to pay separate partners to assist with card issuance, cash advances, or faster access to cash flow. Along with the solutions within the new API-driven developer portal SMBs have access to the tool to assist with everything they need for long-term success through their software provider.