Business
SMARTCARD MARKETING SYSTEMS INC. (OTCQB:SMKG) BRIDGES THE GAP BETWEEN PAYTECH VS PAYMENTS MAKING ALL THE DIFFERENCE FOR THE PAY-MENTS/TECH INDUSTRY
SMARTCARD MARKETING SYSTEMS INC. (OTCQB:SMKG) BRIDGES THE GAP BETWEEN PAYTECH VS PAYMENTS MAKING ALL THE DIFFERENCE FOR THE PAY-MENTS/TECH INDUSTRY.
About this update from Smart Card Marketing Systems, Inc.
[{"type":"text","content":" “Paytech vs Payments are two distinct versions of themselves and share many common points of course. There are those who implement Payment services, Utilities and then there are those in Paytech that develop the Wireframes, Architecture, SDK's, API's and best practices to enable Payments. They do meet up at some junctions but in many variations the Payments side is limited without the Paytech resources. There are thousands of ways to develop and implement Payment Technology and the layers of business processes throughout - all the while remaining compliant and maintaining certifications. The most significant is Time and Money required to achieve a foundation for successful commercial deployments and a launch pad for Customers and or Partners (Acquirers, Issuers, Card Schemes, etc).” As stated by Massimo Barone CEO of SMKG:OTCQB The Fintech and Payments market are differentiated by name/title and the focus of their target customers. The reality for Fintech is it too becomes then available if successful as a Payment solution which most likely will find its way through from a reliable and compliant Payments Technology Host or Processor, then delivered mainstream into a Payments product offering to SME’s. The same can be stated for Blockchain and Crypto payments or transfers. Payments Industry In the rapidly evolving realm of financial technology, often referred to as fintech, two distinct terms have gained prominence: \"paytech\" and \"payments.\" While these terms may seem similar at first glance, there exists a significant difference between them that is shaping the financial landscape.Paytech, an abbreviation for \"payment technology,\" encompasses the innovative technologies, solutions, and platforms that facilitate and enhance the process of making payments. It involves the use of cutting-edge technologies such as mobile wallets, contactless payments, digital currencies, and blockchain to streamline and secure financial transactions. Paytech focuses on creating seamless and convenient payment experiences for individuals, businesses, and even governments.On the other hand, \"payments\" refers to the broader concept of transferring funds from one party to another. It encompasses a wide range of activities and processes involved in the movement of money, including traditional methods like cash, checks...