Payments-as-a-Service

Create a simpler way to manage your B2B payments

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Automate your global payments process with Serrala

Payments-as-a-Service is our managed automation offering. Our fast and efficient approach alleviates the complexity of managing global payments, supporting the entire ecosystem from bank connectivity to payment formatting and bank communications.

Outsourcing payments creates cost efficiencies via reduced infrastructure and operational expenses. It also optimizes, scales, and secures your payment processes and activities with full visibility and transparency, allowing you to focus on other critical and value add operations.

What can automating with Payments-as-a-Service do for your organization?

Connect you
to the world

One application for all your payments across the globe, reducing infrastructure requirements and the need for in-house expertise

Secure and compliant payment processing

Maintenance of bank connections and formats as well as their evolution, guaranteeing secure and compliant payment workflows at any time

Speed up your payment’s lifecycle 

High volume payment processing with limited effort. Our expert team enables a fast and accurate payment lifecycle

Payments-as-a-Service gives you:

Automated platform operation

We manage the ongoing operation, updating, monitoring, and support of the platform and its functions according to strict SLAs.

Assisted SWIFT onboarding

We handle the complexities of SWIFT onboarding with a guided walkthrough of all paperwork & technical onboarding steps – including configuration and operation of the SWIFT environment.

Format conversion management

Convert between bank-ready payments formats and other file types via our pre-built database. And proactively update and migrate between formats as standards, regulatory requirements, and your needs change.

Seamless ERP integration

Integrate data flows from any ERP to create
seamless visibility and streamline your operations

Ready to learn more?

Explore our knowledge center

2024’s top payments technology trends

2024 is shaping up to be a year of major change and innovation in payments. Discover 2024’s top payment technology trends with Serrala.

Payments

22 October 2024

5 min

Why your AP and Payments Processes Should Make Use of a Hybrid Cloud Approach

Discover how to overcome the complexity, costs, and inefficiencies in the payments operations and how technology can help accelerate straight-through processing.

AP Automation

Payments

30 October 2024

6 min

Improving customer relationships through efficient AR processes

AR automation improves customer experience by making payment simpler, agreements more transparent, and processes quicker. This article will show you how

AR Automation

30 October 2024

16 min

What are Payments-as-a-Service (PaaS)?

Payments-as-a-Service (PaaS) is a cloud-based solution that enables businesses to process and manage payments without the need for in-house infrastructure. It allows companies to accept payments, handle transactions, and integrate payment solutions into their platforms via APIs. Serrala dedicated team handles all aspects of payment processing, including transaction authorization, security, fraud prevention, and settlement, offering businesses a simplified, scalable solution for managing payments.

How does Payments-as-a-Service ensure the security of payment transactions?

With Payments-as-a-Service prioritize security through several robust measures, including:
– Sensitive payment data is encrypted both in transit and at rest to protect it from unauthorized access.
– SWIFT certified partner, including yearly audit and compliance process by SWIFT organization.
– Regular Audits & Security Updates: Serrala continuously update their security measures and undergo regular audits to maintain compliance and protect customer data.

Why should I consider outsourcing my payments processes?

Using Payments-as-a-Service created a new dynamic:
– Reduced Complexity: You don’t have to manage the technical aspects of payment gateways, fraud detection, or security compliance (e.g., PCI DSS). The PaaS provider handles these elements.
– Scalability: As your business grows, the service can easily scale to handle increasing transaction volumes.
– Cost Efficiency: By outsourcing payment processing, businesses can avoid the costs of setting up and maintaining their own infrastructure.
– Faster Time to Market: With ready-to-use APIs, businesses can integrate payment systems quickly into their websites or apps.
– Security & Compliance: Leading PaaS providers adhere to the highest security standards and regulatory requirements, helping businesses avoid costly security breaches and non-compliance issues.
 

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Payments-as-a-Service

Automate your global payments process with Serrala