Tue, Oct 15 2024
The debut of two new solutions by payment intelligence business Pagos is intended to boost an organization's payment data value.
According to the news release's details, Pagos has created seven payment optimisation solutions since 2021, all of which have been designed to help companies see, track, and use their payment data more wisely. The present announcement highlights the introduction of two of them, with the goal of enhancing the value of a business's payment data through services for consolidating and harmonising data streams into downloadable reports and access to payment performance benchmarking. Pagos hopes to provide organisations with efficiency and insights in handling and utilising their payment data through these solutions.
The capabilities of Pagos' solutions
Businesses can utilise Flamingo to prioritise and identify opportunities that have the potential to enhance performance by using payment data. By breaking down each business indicator according to its operational framework, Pagos' payment data benchmarks—which were created using billions of transaction data points and card network data feeds—can be compared. The capacity to visualise performance against industry measures will be made possible by this, promoting the development of payment analytics and the sector as a whole.
Officials from Pagos claim that the new no-code benchmarking service will help companies determine whether their payment flows are performing effectively in comparison to those in their industry and with comparable purchasers while protecting the privacy of their customers' information. Furthermore, Peacock, a processor-agnostic data visualisation and insights tool from Pagos, integrates with benchmarking to give businesses visibility into their payments stack. Businesses can use Pagos' payments data observability and monitoring solution, Canary, to track real-time abnormalities once they've determined how their payments stack is performing.
In addition, Pagos announced the launch of Puffin, a tool designed to make it easier for companies to obtain and incorporate payment data into their workflows and systems. The goal of Pagos' no-code platform is to automate payment data harmonisation, eliminating the need for internal teams to spend time mapping and cleaning data. By offering a clean data feed that includes transactions and fees, the service seeks to make data integration and analysis simpler. Businesses may focus on improving their products and services, allow data-driven use cases, stream data into any data warehouse, precisely track fees down to the line item to create cost efficiency, and more by utilising Puffin.
Pagos representatives emphasised that the company's goal is to assist by providing goods that remove extra effort, freeing teams to concentrate on cutting expenses and expanding their enterprise. Businesses can leverage Pagos' network-direct global account updater service, Loon, and network tokenization service, Toucan, to further optimise their payment performance and improve client experiences. Furthermore, the firm provides real-time transaction analytics, routing, and decisioning using its Parrot direct-to-network database.
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