Payment processing and settlements are inherently complex processes, and franchisee environments can add additional layers of complexity to the payment and settlement process. When funds for multiple franchisees are aggregated into a single ACH that is sent daily to the businesses’ corporate bank account, those funds must then be adequately accounted for and sent to […]
Any number of links within the transaction chain can cause payment processing outages. Processor outages, network issues, third-party systems latency and outages, and many other scenarios can bring POS interactions to a grinding halt, increasing customer frustrations and leading to cart abandonment online and in the store. To mitigate or eliminate the harmful effects of […]
Cardholder data protection is an increasingly important consideration within the payments environment. Electronic payment processing is complex and risk-inducing, with each new integration or payment type increasing payment system complexity and the additional security risk. When appropriately used, payment tokens can protect sensitive cardholder data and help retailers to create an authentic omnichannel experience. A […]
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 […]
A payments orchestration partner helps merchants enhance the customer experience, lower costs, remove complexities, and scale efficiently. As merchants seek to expand and enable new payment types, they may find themselves with a complicated and pieced-together collection of processing software and systems. Payments orchestration simplifies and streamlines payment processing by unifying various systems, including reconciliation, […]
Keeping payment systems secure is a primary concern for merchants, particularly in the face of unrelenting threats from data breaches and security hacks. As fraud risks advance and become stronger, combating them can consume significant time and resources. Merchants need a payment system security solution that prioritizes transaction security from the beginning, providing features that […]
We’ll see you in-person this September for the MAG Annual Conference and Tech Forum in Dallas, Texas at the Hilton Anatole. We can’t wait to see you all again, so stop by our booth in the Exhibit Hall to learn how we’re helping merchants simplify their payments and payments infrastructure.
OLS, a global payment technology company, is proud to announce today the completion of another successful Type 2 SOC 2 examination. Formally known as a “Report on Controls at a Service Organization Relevant to Security, Availability, Processing Integrity, Confidentiality, or Privacy,” this examination is part of OLS’s strategy of and commitment to information and data protection…
OLS COO, Andy Orrock and EVP, Chris Storbeck were featured on the PaymentsJournal podcast published today. Click here to check it out.
OLS was the subject of a whitepaper written by Tim Sloane of The Mercator Advisory Group. The paper does a great job of showcasing the capabilities that retailers, financial institutions and others can leverage with a relationship with OLS. Click here to download a PDF of the paper.