Switch

Switch Payments Platform as a Service is a payment solution designed to optimize the payments stack for merchants, payment service providers, and acquiring banks. According to the vendor, Switch offers a unified data structure, optimized acceptance and processing rates, regulatory compliance offload, and a competitive advantage in accessing the entire payments value chain. This comprehensive payments platform caters to a wide range of professions and industries including e-commerce merchants, software developers, payment service providers, acquiring banks, and independent software vendors (ISVs).

Key Features

According to the vendor, Switch Payments Platform as a Service offers the following features:

Payments Platform as a Service: Switch offers a unified data structure, optimized acceptance and processing rates, regulatory compliance offload, and a competitive advantage in accessing the entire payments value chain.

Developer Independency: According to the vendor, businesses can accept additional payment methods and providers without any changes to the code, ensuring flexibility and ease of integration.

Payments Performance Optimization: The vendor claims that Switch allows businesses to utilize custom rules to route transactions between payment providers in real-time, optimizing payments performance and enhancing customer experience.

Tokenization: According to the vendor, Switch enables businesses to safely store and tokenize payment credentials to prevent declines related to fraud, expired cards, or lost credentials, ensuring secure and seamless transactions.

Automatic Reconciliation: The vendor states that Switch helps businesses identify mismatches, fees, and reconciliation errors across multiple payment providers, streamlining the reconciliation process and reducing manual effort.

Dynamic 3DS: According to the vendor, Switch allows businesses to authenticate specific transactions through EMV 3DS using various criteria, enhancing security and reducing the risk of fraudulent activities.

Big Data: The vendor claims that Switch helps businesses convert information and insights from big data into better decisions, leveraging data analytics to drive business growth and improve payment strategies.

Omnichannel: Switch enables businesses to unify their payments stack across every channel through a single infrastructure, providing a seamless payment experience for customers across online, mobile, and in-store platforms, according to the vendor.

Single, one-time integration: According to the vendor, Switch provides businesses with access to every present and future payment method and tools required to run a comprehensive payments operation, simplifying integration and future-proofing payment processes.

Event-Sourcing: According to the vendor, Switch allows businesses to keep track of transaction statuses on the server-side and update databases and systems accordingly, ensuring accurate and real-time transaction management.