Insights

Stripe and FreedomPay Collaborate for Enterprise Solutions over 1,000 POS Systems

Pat Crawley
Pat Crawley
33 Min Read
stripe-and-freedompay-collaborate-for-enterprise-solutions-over-1,000-pos-systems

Wednesday, 09/10/2024 | 16:41 GMT by Tareq Sikder

  • The collaboration allows companies to integrate Stripe’s payment tools with FreedomPay-supported card readers.
  • Stripe is investing in contactless payment solutions like Tap to Pay on Android and in new NFC applications.

Stripe

Finance Magnates

Stripe has partnered with FreedomPay to offer more flexibility in enterprise-level payments. While many businesses already use Stripe’s Terminal with custom point-of-sale (POS) apps, larger companies often prefer their existing systems.

Unified Commerce Solutions Launched

Chris Kronenthal, President of FreedomPay

Chris Kronenthal, President of FreedomPay, Source: LinkedIn

FreedomPay offers a range of commerce solutions, integrating POS systems, payment providers, and loyalty programs.

The collaboration with Stripe will enable businesses to use Stripe’s services, including fraud protection and payment optimizations, alongside more than 1,000 POS systems and third-party card readers supported by FreedomPay.

One of the key features of the partnership is unified reporting. For companies that operate across multiple payment processors or business lines, this will allow them to view all payment data in one place. This feature is expected to benefit businesses with complex operations, such as hotels and restaurant chains.

“We are excited for this partnership to combine FreedomPay’s advanced payment tech functionality with Stripe’s industry-leading payments reliability and innovation. Together we can better serve more large enterprises and power their unified commerce needs,” said Chris Kronenthal, President of FreedomPay.

Thanks for inviting @freedompay and announcing our global partnership @Stripe Tour NYC #unifiedcommerce – defo money movement made easier for enterprise pic.twitter.com/JtRoM9rRZz

— FreedomPay (@freedompay) October 9, 2024

Meanwhile, Stripe has appointed Rahul Patil as the new Chief Technology Officer, succeeding David Singleton, as reported by Finance Magnates. Patil will oversee global operations for Stripe, including the ledger, billing, financial data warehouse, regulations, and tax platform.

Expanding Direct POS Connectors

In addition to the FreedomPay partnership, Stripe has expanded its list of direct POS connectors. These connectors make it easier to integrate Stripe’s Terminal SDK with third-party POS systems. New connectors include those for Cegid and Oracle Xstore, joining earlier connectors for Adobe and Oracle OPERA.

For example, Colombian retailer Tennis used Stripe’s Cegid connector to streamline online and in-store payments in the US, which reduced checkout times and errors.

Stripe is also investing in contactless payment solutions, such as Tap to Pay on Android. This feature allows businesses to accept payments directly on Android devices. Companies like Qromo and HitPay are already using Tap to Pay across different devices.

The company is also exploring other uses of NFC technology, including “Tap to Add” and “Tap to Verify,” to improve customer experience and security.

Stripe has partnered with FreedomPay to offer more flexibility in enterprise-level payments. While many businesses already use Stripe’s Terminal with custom point-of-sale (POS) apps, larger companies often prefer their existing systems.

Unified Commerce Solutions Launched

Chris Kronenthal, President of FreedomPay

Chris Kronenthal, President of FreedomPay, Source: LinkedIn

FreedomPay offers a range of commerce solutions, integrating POS systems, payment providers, and loyalty programs.

The collaboration with Stripe will enable businesses to use Stripe’s services, including fraud protection and payment optimizations, alongside more than 1,000 POS systems and third-party card readers supported by FreedomPay.

One of the key features of the partnership is unified reporting. For companies that operate across multiple payment processors or business lines, this will allow them to view all payment data in one place. This feature is expected to benefit businesses with complex operations, such as hotels and restaurant chains.

“We are excited for this partnership to combine FreedomPay’s advanced payment tech functionality with Stripe’s industry-leading payments reliability and innovation. Together we can better serve more large enterprises and power their unified commerce needs,” said Chris Kronenthal, President of FreedomPay.

Thanks for inviting @freedompay and announcing our global partnership @Stripe Tour NYC #unifiedcommerce – defo money movement made easier for enterprise pic.twitter.com/JtRoM9rRZz

— FreedomPay (@freedompay) October 9, 2024

Meanwhile, Stripe has appointed Rahul Patil as the new Chief Technology Officer, succeeding David Singleton, as reported by Finance Magnates. Patil will oversee global operations for Stripe, including the ledger, billing, financial data warehouse, regulations, and tax platform.

Expanding Direct POS Connectors

In addition to the FreedomPay partnership, Stripe has expanded its list of direct POS connectors. These connectors make it easier to integrate Stripe’s Terminal SDK with third-party POS systems. New connectors include those for Cegid and Oracle Xstore, joining earlier connectors for Adobe and Oracle OPERA.

For example, Colombian retailer Tennis used Stripe’s Cegid connector to streamline online and in-store payments in the US, which reduced checkout times and errors.

Stripe is also investing in contactless payment solutions, such as Tap to Pay on Android. This feature allows businesses to accept payments directly on Android devices. Companies like Qromo and HitPay are already using Tap to Pay across different devices.

The company is also exploring other uses of NFC technology, including “Tap to Add” and “Tap to Verify,” to improve customer experience and security.

Tareq Sikder

  • 1017 Articles
  • 9 Followers

A Forex technical analyst and writer who has been engaged in financial writing for 12 years.

  • 1017 Articles
  • 9 Followers

Finance Magnates Daily Update

Get all the top financial news delivered straight to your inbox. Stay informed, stay ahead.

Keep Reading

More from the Author

FinTech

The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar

The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar

The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar

The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar

The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams. 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams. 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams. 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams. 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

More Videos

  • Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24

    Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24

    Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24

    Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24

    Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24

    Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24

  • 🌟 Explore cutting-edge solutions and connect with fintech leaders at FMLS:24!

    🌟 Explore cutting-edge solutions and connect with fintech leaders at FMLS:24!

    🌟 Explore cutting-edge solutions and connect with fintech leaders at FMLS:24!

    🌟 Explore cutting-edge solutions and connect with fintech leaders at FMLS:24!

    🌟 Explore cutting-edge solutions and connect with fintech leaders at FMLS:24!

    🌟 Explore cutting-edge solutions and connect with fintech leaders at FMLS:24!

  • 🤝 Meet industry leaders at the premier event for brokers – FMLS:24. Secure your spot today!

    🤝 Meet industry leaders at the premier event for brokers – FMLS:24. Secure your spot today!

    🤝 Meet industry leaders at the premier event for brokers – FMLS:24. Secure your spot today!

    🤝 Meet industry leaders at the premier event for brokers – FMLS:24. Secure your spot today!

    🤝 Meet industry leaders at the premier event for brokers – FMLS:24. Secure your spot today!

    🤝 Meet industry leaders at the premier event for brokers – FMLS:24. Secure your spot today!

  • Finance Magnates Pacific Summit 2024 | FMPS:24 Highlights

    Finance Magnates Pacific Summit 2024 | FMPS:24 Highlights

    Finance Magnates Pacific Summit 2024 | FMPS:24 Highlights

    Finance Magnates Pacific Summit 2024 | FMPS:24 Highlights

    Finance Magnates Pacific Summit 2024 | FMPS:24 Highlights

    Finance Magnates Pacific Summit 2024 | FMPS:24 Highlights

    Relive the best moments from the Finance Magnates Pacific Summit 2024 with our highlights video! ✨ From action-packed moments, insightful speaker sessions, the exclusive Opening Blitz, and immersive workshops, this video captures the energy and excitement of FMPS:24. Whether you attended or missed out, here’s your chance to experience the top moments that made FMPS:24 unforgettable. 🎬 Watch, share, and join the conversation! Don’t forget to use the hashtags #fmps #fmps24 #FMevents when sharing. Stay tuned for more events. See you next time! 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don’t miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    Relive the best moments from the Finance Magnates Pacific Summit 2024 with our highlights video! ✨ From action-packed moments, insightful speaker sessions, the exclusive Opening Blitz, and immersive workshops, this video captures the energy and excitement of FMPS:24. Whether you attended or missed out, here’s your chance to experience the top moments that made FMPS:24 unforgettable. 🎬 Watch, share, and join the conversation! Don’t forget to use the hashtags #fmps #fmps24 #FMevents when sharing. Stay tuned for more events. See you next time! 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don’t miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    Relive the best moments from the Finance Magnates Pacific Summit 2024 with our highlights video! ✨ From action-packed moments, insightful speaker sessions, the exclusive Opening Blitz, and immersive workshops, this video captures the energy and excitement of FMPS:24. Whether you attended or missed out, here’s your chance to experience the top moments that made FMPS:24 unforgettable. 🎬 Watch, share, and join the conversation! Don’t forget to use the hashtags #fmps #fmps24 #FMevents when sharing. Stay tuned for more events. See you next time! 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don’t miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    Relive the best moments from the Finance Magnates Pacific Summit 2024 with our highlights video! ✨ From action-packed moments, insightful speaker sessions, the exclusive Opening Blitz, and immersive workshops, this video captures the energy and excitement of FMPS:24. Whether you attended or missed out, here’s your chance to experience the top moments that made FMPS:24 unforgettable. 🎬 Watch, share, and join the conversation! Don’t forget to use the hashtags #fmps #fmps24 #FMevents when sharing. Stay tuned for more events. See you next time! 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don’t miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    Relive the best moments from the Finance Magnates Pacific Summit 2024 with our highlights video! ✨ From action-packed moments, insightful speaker sessions, the exclusive Opening Blitz, and immersive workshops, this video captures the energy and excitement of FMPS:24. Whether you attended or missed out, here’s your chance to experience the top moments that made FMPS:24 unforgettable. 🎬 Watch, share, and join the conversation! Don’t forget to use the hashtags #fmps #fmps24 #FMevents when sharing. Stay tuned for more events. See you next time! 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don’t miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    Relive the best moments from the Finance Magnates Pacific Summit 2024 with our highlights video! ✨ From action-packed moments, insightful speaker sessions, the exclusive Opening Blitz, and immersive workshops, this video captures the energy and excitement of FMPS:24. Whether you attended or missed out, here’s your chance to experience the top moments that made FMPS:24 unforgettable. 🎬 Watch, share, and join the conversation! Don’t forget to use the hashtags #fmps #fmps24 #FMevents when sharing. Stay tuned for more events. See you next time! 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don’t miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

You Might Also Like

Payment Service Providers Shift to Fintech, 95% Report Banking Restrictions

Cybersecurity Accounts for 63% of Fintech Growth, Study Finds

Cinkciarz.pl Files 1.5 Billion Suit against Polish Banks amid License Row

Revolut Urges Meta to Compensate Fraud Victims on Its Social Media Platforms: Report

eToro UK's 2023 Net Income Drops 15% as Trading Commissions Decline

TAGGED:
Share This Article
Leave a comment

New Releases

- Advertisement -
Ad image

Trending Stories