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

By temporary on October 10, 2024
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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.

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.

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.

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.

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

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