Payments provider Ingenico Group today announced the launch of Axium, its next-generation POS platform designed with acquirers’ clients in mind. It gives access to a complete cloud ecosystem for commerce, which builds on the open Android and Ingenico’s Telium Tetra operating systems to converge business and payment.
Value has extended beyond payment acceptance and ECR devices, and now lies in bringing business solutions to merchants. This is what Axium, achieves for all stakeholders in the commerce ecosystem. Ingenico partners with ECR vendors to provide store, employee and stock management; checkout, loyalty, and accounting services. Ingenico combines them with remote terminal support and reporting, already available on its Telium Tetra platform.
With Axium, acquirers can differentiate their offer to small merchants and capture new revenue streams from a larger payment acceptance portfolio – supporting new payment methods – and cross-channel services based on tokenization. These were until now reserved for organized commerce and represent a real asset to small merchants. Axium connects to Ingenico’s e-commerce gateway, Ingenico Connect, and to its in-store gateway, on which back office services such as digital receipt management, refund management or business reconciliation rely.
Axium offers the benefits of an open Android environment, combined with the security and stability of Ingenico’s proven Telium Tetra operating system. The platform allows merchants to download apps from the vast selection available on an open marketplace or from acquirers’ private marketplaces. APIs connect smart ECR POS to business services, while cloud services enable cloud backup, for business continuity purposes, and the remote management of ECR POS content and settings. All these features are instrumental in the digitalization of small-scale commerce.