Company Research Report: Smart Technology Solutions (STS)
Company Overview
Name:
Smart Technology Solutions (STS)
Mission:
STS develops leading payments acceptance software to maximize choice and flexibility for retailers, airlines, and transportation operators.
Founded:
STS was founded in 1997.
Founder:
No specific information regarding the founder is available.
Key People:
No specific information about key people is available.
Headquartered:
The company is based in the UK.
Number of Employees:
No information is available.
Revenue:
No information is available.
Known For:
STS is a market leader in payments acceptance software, offering innovative solutions across retail, fuel, airlines, travel, logistics, and government sectors. Recognized for EMV expertise and independence, STS is known for managing complex payment projects and providing high-performance applications.
Products
1. PayOp
- Description: A comprehensive software system ensuring payment systems remain operational and modern. It offers lifecycle device management and vendor independence.
- Key Features:
- Realtime monitoring and analytics
- Modern architecture supporting evolving requirements
- Full lifecycle device management
2. G8
- Description: A sophisticated payment application designed for complex transaction environments, allowing multi-merchant and offline implementations.
- Key Features:
- Acceptance of all major credit and debit cards
- Supports contact chip, contactless, NFC, and magnetic stripe technology
- Cloud-based, allowing quick deployment and feature updates
3. P2PE (Point to Point Encryption)
- Description: Offers enhanced security by encrypting payment data from the point of interaction.
- Key Features:
- Ensures secure offline processing
- Protects against fraud with P2PE support
4. Pedlr
- Description: A mobile payments integration layer debuted in 2013.
- Key Features: No key features specified in the data provided.
Recent Developments
Recent Developments in the Company:
- Secure Retail has completed the acquisition of STS, bolstering its position as a leading player in the payments industry.
- Celebrated 25 years in the industry.
- Achieved EMVCo Level 2 certification for Ingenico Lane/3000 PED.
New Products Launched:
No new product launches mentioned.
New Features Added:
- Innovative systems management features added to PayOp.
- Enhanced G8 offline transaction capabilities for on-board operations.
New Partnerships:
- Formed a strategic partnership with MYHSM by Utimaco in July 2021 to deliver a secure payment solution.
- Partnered with PDMS to enhance the payments experience for ferry and transportation operators.
- Established a partnership with Worldpay to expand payment capabilities for various service sectors.
Additional Information
Key Milestones:
- In 1997, STS was formed, and by 2000, it was integral to the UK's adoption of Chip and PIN technology.
- Launched G8 in 2008 and introduced PayOp in 2017.
Industy Recognition:
- Received the prestigious Chip Vendor of the Year award from Visa in 2002.
- Featured in the Technology Edition of Parliamentary Review in 2017.
Commitment to Innovation:
STS is committed to remaining at the forefront of payments innovation through continuous investment in high-quality payment applications and features. Their flexibility in deployment models (cloud, local, hybrid) exemplifies their ability to adapt to evolving market demands.
This report represents an integration of available data and notable milestones concerning Smart Technology Solutions (STS). For omitted sections, no explicit information was found within the provided data.
