Businesses and individuals can no longer imagine a life without payments platforms thanks to the convenience, quick & easy transactions, and security it offers. As customers demand payment innovation, payments service providers (PSPs) are accelerating consolidation. Consequently, managing disparate pricing systems can become cumbersome for PSPs.
Payment processors and service providers require a centralized business catalog, which allows to bundle and package the offerings with innovative pricing models to meet their fast-changing client needs. Dynamic pricing is key to enhancing client experience, be it pricing transactions based on customer relationships, volume, or value of transaction. You can now personalize and define the right fee structure for every business that uses your payments platform.
As PSPs embrace the open economy, managing partnerships is essential to become a true value aggregator. Solutions that can allow you to explore and implement monetization models such as revenue share agreements and referral fees can drive innovation. SunTec Xelerate is a robust and intelligent pricing and revenue management engine that enables you to extract valuable insights from transactional data, bringing pricing to the forefront of your customer engagement strategy. You can now create an enterprise pricing master for fees, rates, and charges for clients and partners.
Count on our modular architecture and rule-based engine that enables quick pricing launch and change management, thus, reducing operating costs. Further, it allows you to handle automatic billing cycles for customer organizations with monthly payment plans.