4 Benefits of the OLS Enhanced Payments Solution for Omnichannel Payments 

The growth in the number of sales channels available to customers, including in-store, eCommerce, and mobile, makes it more critical than ever for retailers to create an authentic omnichannel experience. Merchants need an omnichannel payments platform with innovative and secure technology to drive all forms of payments commerce. OLS Payments offers merchants an omnichannel payments solution that expands your payment capabilities while also shifting management of payment complexity to us.

The OLS Enhanced Payments Solution for omnichannel payments combines multiple ways to pay in a unified experience, helping merchants process existing and emerging payments in the simplest, most secure, and cost-effective manner. With OLS Payments, merchants can leverage one of the industry’s most powerful omnichannel payments engines to increase functionality and simplify payments complexity. At the same time, customers enjoy a seamless and secure purchase journey from start to finish. Modular and flexible, the OLS Enhanced Payments Solution is standardized software and functionality that can fit into nearly any situation.

What to look for in an omnichannel payment solution?

When choosing an omnichannel payment solution, merchants should look for one that is powerful and flexible. An omnichannel payment solution should expand payment capabilities, facilitate nearly limitless connections, be highly scalable, prioritize transaction security, and help drive down payment acceptance costs. 

Benefit #1: Connect to the Providers Who Add the Most Value to Your Business

Omnichannel payments orchestration helps merchants connect to a broader range of acquirer and third-party service provider relationships and choose the best-in-class providers that work best for their business. In making it easier for merchants to integrate and grow, OLS has also removed the barriers to the vendors they wish to engage. The OLS Payments platform can integrate payment data with multiple new and existing processors and third-party service providers. From delivery services and order ahead to fraud detection, bill pay, and data analytics, OLS allows merchants to utilize the providers they feel add the most value to their enterprise. 

Benefit #2: Reduce the Costs and Resources Required to Manage Your Systems

Reducing payment complexity has the added bonus of reducing the costs and resources required to manage payments systems. The OLS Enhanced Payments Solution is a streamlined payment processing system that helps merchants process payments simply and cost-effectively. Available both as hosted or on-premise solutions, depending on each merchant’s unique requirements, the OLS solution operates on every central platform, substantially lowering implementation and operational costs and driving down payment acceptance costs.

Benefit #3: Add the Latest in Tokenization and Encryption Security to Your Payments Systems

Payment security is crucial for decreasing risk and increasing customer trust. An omnichannel payment solution needs to be able to securely store customer card information across different channels and points of purchase. The OLS Enhanced Payments Solution utilizes highly secure encryption and tokenization methodologies to provide the utmost transaction security and is compliant with the latest PCI and PA-DSS requirements. By switching out sensitive payment data with randomized data, retailers can support robust omnichannel transaction processing environments and create a seamless purchase experience.

Benefit #4: Deploy New Payment Capabilities

The OLS Payments solution empowers merchants to attain an expansive payments ecosystem and connect data across channels, creating limitless connections. By supporting the acceptance of various payment methods, including alternative and emerging payment options, the OLS Payments platform simplifies the connectivity to these payment networks. In an industry where technology is rapidly innovating, merchants can provide customers with a convenient and frictionless purchase journey by accepting more payment types. 

Build a True Omnichannel Payments Customer Experience

Consumers expect a payment experience that is quick, easy, and convenient, no matter what sales channel they select. They also expect these payment interactions to be cohesive, unified, and personalized, which can challenge merchants. Many merchants find themselves frustrated and over-burdened in their efforts to provide customers with a true Omni/cross-channel experience. Developed through years of helping other merchants overcome these same difficulties, the OLS payments solution offers a true Omni/cross-channel experience for consumers while also shifting management of payment complexity to us.

Omnichannel payments orchestration allows merchants to track each interaction they have with a customer, regardless of the sales channel. By unifying these various sales channels, merchants can provide customers with a seamless, secure, consistent experience. OLS Payments is modular and flexible, enabling tailored solutions based on capacity needs. The OLS Enhanced Payments Solution can fit into nearly any situation or environment using standardized software and functionality. Contact us today to learn how OLS Payments can help you build an authentic Omni/cross-channel experience.

Key Takeaways

• Merchants need an omnichannel payments platform with innovative and secure technology to drive all forms of payments commerce.
• OLS allows merchants to utilize the providers they feel add the most value to their enterprise. 
• The OLS Enhanced Payments Solution substantially lowers implementation and operational costs, driving down payment acceptance costs.
• The OLS Enhanced Payments Solution utilizes highly secure encryption and tokenization methodologies to provide the utmost transaction security. 
• The OLS Payments solution empowers merchants to attain an expansive payments ecosystem and connect data across channels. 
• The OLS payments solution provides a true Omni/cross-channel experience for consumers while also shifting management of payment complexity to us.