Digital payments: technologies and solutions
We help banks, payments providers and forward-thinking fintech companies deliver next-level payment experiences, achieving increased security, operational effectiveness, agility, and unrivaled customer service.
What makes e-payment systems popular among users?
Research shows that nearly 3 trillion transactions, worth $48 trillion, are expected to shift from cash to real-time or otherwise electronic payments in this decade.
What’s more, according to a McKinsey survey of US consumers, more than three-quarters of Americans use some form of digital payment — browser-based and in-app online purchases, in-store checkout with a mobile phone and QR code, or person-to-person payments.
The winners in the digital payments space are not waiting for change — they are already harnessing first-mover advantage to evolve their businesses. Here are just a few benefits you and your customers can get:
Safe transactions
Electronic payment systems offer you multiple ways of securing your transactions through tokenization, encryption, SSL, etc.
Simple refunds
Digital payment methods significantly accelerate the refund process.
Fast invoicing
Online payment systems transform your invoicing operations through enhanced tracking possibilities, less paperwork, and mobile accessibility.
No extra costs
With digital payments, you pay the same as you would for card transactions. Various packages cater to businesses of all sizes, budgets, and transaction volumes.
Our capabilities
Custom app development services
Our developers create custom software solutions that meet all your requirements as well as compliance and security standards, empowering you to successfully compete in today’s digital economy and enter new markets.
UI/UX design
Vention equips the design of your apps and digital wallets with hyper-engaging and easy-to-use interfaces to help you boost conversion and increase customer loyalty.
Upgrades and migration
We enable banks to upgrade and migrate their core offerings to innovative and reliable payment products that offer long-term growth and enhanced customer experience.
Payment integration services
Our certified software development specialists are experienced in integrating various payment gateways, enabling your customers to get real-time access and instant transactions through any card.
Security
We employ industry-leading best practices to ensure that every transaction is made securely and that your financial data is managed with zero risk of vulnerabilities or leaks.
Digital identity
Biometrics and digital ID cards are increasingly prevalent in protecting your stored data and assets. Our team excels at delivering infinitely accurate tools to breach-proof your organization.
Digital payment solutions for your business
Here at Vention, we have the insights, skills, and capabilities to offer you cutting-edge digital payment services ranging from credit card payment processing to digital wallets — bringing you new brand value and increased profits all along the payments value chain.
How we shape the future of payments
AI
Artificial intelligence allows for next-generation fraud monitoring and AML, while delivering hyper-personalization, higher approval rates, fewer declined transactions, and proactive credit limit management.
Computer vision
The implementation of machine vision and facial recognition reduces the KYC process to minutes instead of hours, helping banks attract more customers and utilize the resources saved to perform other mission-critical tasks.
IoT
IoT helps banks and fintech companies drive innovation through the use of NFC chips, sensors, tracking devices, and others, safely exchanging information with nearby systems and processing contactless payments on demand.
DLT & blockchain
DLT and blockchain technology could facilitate faster payments at lower fees than banks, providing trusted real-time verification of transactions without the need for any intermediaries.
Your security. Our priority.
Data security is among the top challenges banks and payments providers face today, because the smallest vulnerability can compromise your system security.
We use only the proven techniques and industry best practices to help you introduce secure payments and avoid fraud.
Driving the future of payments with Stripe
As a preferred partner of Stripe — a global leader in online payment technology with millions of users around the world — Vention is always here to integrate its API into your existing solution, helping you accept digital payments, send payouts, and seamlessly manage your business online.
Our Stripe integration experience
- 50+ engineers proficient in Stripe integration
- 30+ successfully managed integration projects in e-commerce, fintech, and insurance industries
- Solid tech background in Stripe Connect (Express/Standard/Custom), Stripe Billing, Stripe Payments, and Stripe Terminal
Rewards and benefits
- Multi-currency support
- Simplified subscription and billing management
- Simplified payments acceptance
- Better conversion rate
- Significant sales increase
- Seamless support of online payments
- Superior security
From transaction to transformation with Vention
First-class team
- Access to 3,000+ seasoned engineers
- Experience in all major payment technologies
- Vast expertise in ML, AI, big data, blockchain, and IoT
- 80% of engineers are senior-level pros
Rich fintech expertise
- 100+ fintech projects successfully executed
- $1.5B in funding raised by our fintech clients
- An extensive portfolio of fintech solutions ranging from trading signals to digital wallets
Client-first approach
- 500+ clients have chosen to work with us
- We offer unique solutions that fit your specific business needs
- 2 weeks from intro call to kickoff
Technologies we use to build world-class payment solutions
Whatever the size or complexity of your AI app, our team has the expertise to deliver.
Libraries
MLOps & Infrastructure
All case studies