PayNearMe, the fintech company bringing progress to payments, today announced that it has been selected as the winner of the “Best Consumer Payments Platform” award by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global fintech market today. This marks the 5th consecutive year PayNearMe has been recognized for its innovative payments platform.
“Businesses need more than just the ability to accept payments; they need tools that help them create efficiencies and reduce costs,” said Steve Johansson, Managing Director, FinTech Breakthrough. “PayNearMe’s Business Rules help bridge the efficiency gap and provide the company’s clients with a way to add flexibility to different payment processes without the need to write or modify code.”
PayNearMe’s logic-based Business Rules exist as a layer on top of the core PayNearMe platform, adding flexibility and functionality to standard features. These rules can be adjusted to each business’ requirements to mitigate risk, decrease operating expenses and drive ideal customer payment behaviors.
“Many payment platform providers require custom code to add functionality, which can be time-consuming, costly and difficult to maintain. We set out to reduce friction and risk by building our payments platform from the ground up with a modern framework,” said John Minor, Chief Product Officer, PayNearMe. “We’re thrilled to receive this recognition from FinTech Breakthrough. Enabling our clients to automate key processes, reduce support calls and improve the customer experience is what we do, and we make it easy for them to optimize even further by creating Business Rules that match the needs and goals of their business.”
“Congratulations to PayNearMe for being our ‘Best Consumer Payments Platform.’ Their clients can do more with less while automating previously manual processes,” said Johansson. “With the PayNearMe platform, companies can leverage automation to drive efficiency and help lower the total cost of accepting payments.”
