Worldpay
Worldpay describes itself as providing payments technology and expertise to businesses. It is not automotive-specific.
Worldpay: Payment acceptance
Its site organizes offerings for small and mid-sized businesses, enterprises and software platforms, and lists accept, protect and optimize capabilities.
Its product pages include a vaulting service that stores payment credentials behind a universal token, and it publishes reports and articles on payments.
| Product or service | Function |
|---|---|
| Payment acceptance | Online, in-store and omnichannel payments. |
| Fraud prevention and authentication | Protection and verification tools. |
| Dispute management | Handling of payment disputes. |
| Vaulting-as-a-service | Tokenized credential storage across payment providers. |
| Enterprise payments | Payments for global merchants. |
Merchant payments versus embedded payments for a software platform
Worldpay addresses merchants and software platforms as different buyer groups. Its platform offering concerns embedding payments within another application's experience, while its merchant services support businesses accepting customer payments directly. worldpay.com
A dealership evaluating a checkout should identify which party supplies that embedded interface and which supplies processing and settlement. That establishes who returns payment references to the dealership's operating software and who supports a transaction that was accepted but has not reconciled. worldpay.com