UIC reveal new payment solution UIC Connect to help self service and smart retail application to speed up payment boarding
Through UIC Connect, the company UIC has simplified the integration process, allowing partners to introduce payment solutions more quickly and significantly shortening the time and cost for payment authentication. This not only improves business efficiency, but also creates more competitive payment services for them.
- (1888PressRelease) October 08, 2024 - With the rapid development of the payment industry, integrating software and hardware has emerged as a significant challenge. Traditionally, payment system software and hardware modules have been developed separately, each requiring extensive certification processes. This separation complicates implementation and prolongs time-to-market. To address these issues, global payment solution provider UIC has launched "UIC Connect”, a payment integration application solution. This platform effectively combines upper-level software services with lower-level payment devices, enabling partners to implement payment systems more quickly.
The core advantage of "UIC Connect" lies in its seamless integration of the necessary software and hardware for payments, enhancing the flexibility and compatibility of payment products. Whether used in an independent operational model or through embedded integration, this platform can be tailored to meet the needs of various vertical markets, including unattended services, dining, and smart retail, thereby offering competitive payment solutions for diverse scenarios.
Furthermore, "UIC Connect" effectively addresses the challenges associated with real-time transactions and management. Historically, payment service providers have struggled with dispersed transaction data and the inability to track it in real-time, negatively impacting customer service efficiency and increasing risk costs. To resolve these issues, the integrated service features optimized cloud capabilities that facilitate real-time transaction processing and a comprehensive management system, ensuring that every transaction can be monitored and analyzed promptly. Through the cloud platform, partners can easily oversee the operation of all payment terminals, manage transactions flexibly, and make swift business decisions, thereby enhancing market competitiveness.
To combat card fraud and payment fraud, UIC plans to incorporate artificial intelligence (AI) into the platform in the near future. This integration will enable automatic detection of suspicious and anomalous transaction behaviors, providing real-time alerts through big data analysis to mitigate transaction risks and bolster payment system security.
Looking ahead, UIC will remain committed to innovating and optimizing its payment solutions, offering partners flexible, efficient, and secure payment tools that drive the digital transformation of the payment industry.
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