Member Article

SOTpay Saves Businesses Money and Streamlines Payment Processes Across Multiple Channels

Gala Technology, the payment technology provider, has reported a significant surge in business due to the innovative additions to its payment technology, SOTpay. The now product stacked SOTpay Pay-by-link Technology has remedied many company’s pain points across various sectors, adding significant value to businesses across the UK and Europe. The Agent Attended telephone payments, recurring payments, Card-On-File, and other innovative payment tools are revolutionising payments and assisting companies in making a fully controlled digital transformation seamlessly.

SOTpay is cost-effective, with case studies showing that it saves businesses tens and hundreds of thousands annually from reduced acquiring fees, non-compliance fees, chargebacks, and labour reduction. The technology is scalable and can fit any business or operation, from sole traders to call centres with thousands of employees. The system takes away all the suffering pain points of credit card fraud and fraud-related chargebacks, PCI Compliance, and opens the door to accepting more payments in more channels such as phone, email, chat, SMS, and social media, increasing sales and revenue.

A recent report by NICE Actimize fraud insights revealed a 92% increase in attempted fraud transactions and an increase of 146% in fraud amount. This highlights the need for businesses of all sizes to adopt innovative payment technologies to protect themselves from fraud.

According to Steve Biggs, CTO of Gala Technology, SOTpay was the first agnostic Pay-by-link technology that successfully delivered the new Open Banking payment facility required for high ticket purchases. Gala Technology’s partners include Lloyd’s Bank, Worldpay, Capita, Elavon, and NuaPay.

Commenting on the surge in business, CEO Jason Mace said, “We’re thrilled to see businesses across the UK and Europe benefiting from our innovative payment technology. SOTpay is truly revolutionising payments, making them safer, easier, and more efficient for businesses and their customers.”

Recent recruit BDM Chris Evans added, “SOTpay’s technology is game-changing for businesses of all sizes. The ability to seamlessly accept payments across multiple channels, while reducing costs and protecting against fraud, is a significant advantage in today’s digital landscape.”

Gala Technology are the innovative development team behind the multi-award winning, secure and PCI DSS compliant, payment solution, SOTpay. This cloud-based solution enables merchants of all shapes and sizes, process secure digital payments across numerous channels, including telephony, email, SMS, web chat and Social Media platforms. For more information, please visit the Gala Technology website.

This was posted in Bdaily's Members' News section by James Lead .