Yapstone Announces Its New Transact Platform at Money 20/20, USA
WALNUT CREEK, Calif., Oct. 23, 2018 /PRNewswire/ -- Yapstone, a leading online marketplace payment provider, today announces the launch of Transact, its new payment platform with expanded global capabilities, at Money 20/20, USA.
After nearly twenty years of hyper-focus on the property management and vacation rentals industries, the company is making a significant expansion into the sharing economy and other complex markets, which require customized payment solutions.
"The anatomy of an online marketplace varies," says Sanjay Saraf, CTO of Yapstone. "It is no longer sufficient to provide a general payment API, when each industry has unique business processes and data elements needed for optimal performance. Our technology supports the organic business functions of individual marketplaces, so that sharing economy leaders can conduct business as their marketplace is designed, rather than around a general payment API."
Yapstone's Transact platform is built on a foundation of micro-services, which allows the company to nimbly configure tailored solutions, specific to sharing economy marketplaces. New features include the acceptance of global alternative payment methods (APMs), simplified micro-merchant onboarding and payouts, a set of industry-centric APIs, and a comprehensive developer portal.
The company's refreshed focus and expanded capabilities have inspired a new corporate brand.
"Yapstone's new look reflects our breadth of experience and commitment to serving all markets," says Tom Villante, Co-Founder and CEO of Yapstone. "We craft our payment solutions to fit our partners, allowing complex markets to transact simply. Our new Transact platform was designed to be flexible for developers, yet robust and optimally secure."
McKinsey estimates that 162 million people in the US and Europe are providers on sharing economy platforms and PwC predicts that revenues from the global sharing economy will reach $335 billion by 2025. Yapstone's mission is to evolve and grow with these companies and consistently deliver powerful and secure payments.
For more information, visit www.Yapstone.com.
About Yapstone
Yapstone is a provider of online and mobile payment solutions for global marketplaces, software, and large vertical markets, powering electronic payments for sharing economy platforms, such as HomeAway® and VRBO®, software companies, such as Kigo®, and thousands of apartment and vacation rental companies, homeowners' associations, self-storage companies, and many other markets.
Yapstone processes over $20B in payment volume annually and has been recognized on the Inc. 5000 list of Fastest-Growing Private Companies for ten consecutive years, as well as San Francisco Bay Area's Best and Brightest Company to Work For by the National Association for Business Resources.
The company has raised over $120 million from investors including Premji Invest, Accel Partners, Meritech Capital and MasterCard. Headquartered in Walnut Creek, California, Yapstone has additional offices in Santa Monica, California and Ireland.
MEDIA CONTACT:
Molly St. Louis
Senior Marketing Director, Yapstone
(818) 749-6089
[email protected]
SOURCE Yapstone
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