FreedomPay and Stripe announce partnership to make it easier for enterprises to unify commerce

PHILADELPHIA, Oct. 09, 2024 (GLOBE NEWSWIRE) -- FreedomPay, an innovative leader in Next Level Commerce technologies, and Stripe, a financial infrastructure platform for businesses, today announced a partnership that makes it possible for virtually any enterprise to use Stripe for online and in-person payments alongside their existing commerce tools.

FreedomPay aggregates hundreds of different point of sale (POS) systems and dozens of payment devices and commerce integrations onto a single platform. Stripe helps businesses process payments online and in person; offers advanced fraud protection powered by machine learning; optimizes authorization requests for issuers to boost revenue; and maintains industry-leading reliability. Stripe powers millions of the worlds leading businesses, including Amazon, BMW, H&M, and Unilever.

Together, FreedomPay and Stripe will provide enterprises with flexibility and modularitythe ability to add Stripe to an existing set of commerce toolswithout requiring significant development resources.

For the first time, businesses can use Stripes ultra-reliable and industry-leading payments processing alongside hundreds of POS systems and with third party card readers, said John Affaki, Business Lead, Payments Acceptance at Stripe. Were thrilled to partner with FreedomPay to help enterprises modernize.

With this partnership, enterprisesincluding hotels, retailers, and food & beverage providerscan now take advantage of Stripes platform, including those that already use FreedomPay. In one place, theyll be able to manage payments, loyalty programs, customer analytics, and more.

Many of the largest businesses in the world already use FreedomPay and theyve been telling us theyd love to see Stripe join our growing ecosystem of connectivity, said Chris Kronenthal, President of FreedomPay. Were excited that our merchants can now modernize their systems and grow their revenue with Stripe.

About FreedomPay

FreedomPays Next Level Commerce platform transforms existing payment systems and processes from legacy to leading edge and enables merchants to unleash the power of pay. As the premier choice for many of the largest companies across the globe in retail, hospitality, lodging, gaming, sports and entertainment, foodservice, education, healthcare and financial services, FreedomPays technology has been purposely built to deliver rock solid performance in the highly complex environment of global commerce.

The company maintains a world-class security environment and was first to earn the coveted validation by the PCI Security Standards Council against Point-to-Point Encryption (P2PE/EMV) standard in North America. FreedomPays robust solutions across payments, security, identity, and data analytics are available in-store, online and on-mobile and are supported by rapid API adoption. The award winning FreedomPay Commerce Platform operates on a single, unified technology stack across multiple continents allowing enterprises to deliver an innovative Next Level experience on a global scale. www.freedompay.com

Contact Information

Jennifer Tayebi Burson for FreedomPay
Jennifer.Tayebi@hillandknowlton.com

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