Not long after ABBA was making musical hit history in the U.S., Terry Ziegler’s company, Datacap Systems, Inc., entered the payments scene destined to make a difference. The company initially made a splash in the Electronic Cash Registers (ECR) market and then helped power the integrated payments revolution.
Datacap’s business model is built on simplifying payments and enabling generations of developer and reseller communities to grow their businesses with the Datacap “formula.” This formula consists of creating an easily accessible way of translating POS language to any number of premiere processing/card brand languages and back to the POS.
And Datacap did all this without needing to play ABBA. They took the chance out of payments.
Throughout its history, Datacap has been ahead of the curve and a true leader in the integrated payments industry. Marc and Jeff Katz, the founding brothers of Mercury Payment Systems (now Worldpay), knew this and built their company using Datacap’s technology. Mercury innovated on the Datacap technology by bringing the localized NETePay client-server distributed software architecture into a hosted environment. The result: greatly reduced the cost and effort of installation and maintenance.
I suspect in the early 2000s, the Katz brothers were probably not singing ABBA's hit from an earlier era. They removed the "Take a Chance on Me" by innovating on the solid and reliable technology of Datacap Systems.
A foundation for payment processing
Datacap technology was a centerpiece of Mercury's early rise in the integrated payments space and has been revolutionizing the market during the various business re-alignments in our short history of mergers and acquisitions. First, with the change in the partnership-model moving to an equity company. And later with the acquisition by Cincinnati-based Vantiv.
With the recent Worldpay merger, the company is entering into a new era of global reach, and the integrated payments organization is again strategically re-aligning to meet new business needs.
In a previous article Rapid-fire Recurring Revenue Recommendations, Jim Roddy talks about recurring revenue options ISVs and VARs should consider. The release of NETePay 5.07, is a step in the right direction to implementing new revenue streams.
As an engineering partner to the payment ecosystem, Datacap is notably instrumental and impressively responsive in turning around and delivering requested software.
As I hear that ABBA song in my head one more time, I suspect each processing generation begins by taking a chance on the new. Whether heritage or new TechVitality, technology is always evolving.