Featured Bluefin, Sunmi Partner on Payments Technology

Published on September 21st, 2022 📆 | 7757 Views ⚑

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Bluefin, Sunmi Partner on Payments Technology


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Integrated payments company Bluefin has partnered with Sunmi, which provides Internet of Things (IOT) devices and intelligent solutions, to add more payments capabilities at the point of sale.

Sunmi’s devices and solutions combine software and hardware for business improvements, according to a Tuesday (Sept. 20) press release, while Bluefin works on encryption and tokenization to protect payments and data.

The partnership will see Bluefin certifying Sunmi’s smart payment terminal line, which includes products that can be used at a checkout counter or in hand and supports omnichannel payment capabilities like contactless, chip and PIN, NFC and QR code.

“The state of retail has changed drastically in the last 10 years,” said Tim Barnett, Bluefin’s chief information officer. “Consumers want to be able to pay ‘where they are,’ whether that is at a table in a restaurant or in a store aisle. But at the same time, they expect to be able to tap their card and go or pay with a QR code.

“Merchants today need wireless devices capable of functioning as electronic POS terminals or cash registers. Adding Sunmi’s flexible payment terminals to our listing of P2PE devices will enable Bluefin to meet demand for next-generation payment acceptance.”

Mike Morris, vice president of payment solutions at Sunmi, said the partnership would see a number of improvements and new solutions for payments.

“Solutions that were previously only accessible to Tier 1 and 2 retailers, such as BNPL, QR, loyalty and digital marketing, as well as niche applications, are now within reach of small to medium-sized businesses,” Morris said, adding that the partnership would add payment terminals to a base of various clients in healthcare, higher education, government and retail.

In July, Bluefin teamed with healthcare pay software provider Waystar to add more encryption and gateway service for payments.

Read more: Bluefin, Waystar Team on Healthcare Payment Security

The Bluefin and Waystar team-up will add more integrated pay processing and will add more data security for every part of the patient financial experience.

New PYMNTS Study: How Consumers Use Digital Banks

A PYMNTS survey of 2,124 US consumers shows that while two-thirds of consumers have used FinTechs for some aspect of banking services, just 9.3% call them their primary bank.

We’re always on the lookout for opportunities to partner with innovators and disruptors.

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https://www.pymnts.com/digital-payments/2022/payments-platform-facepay-debuts-guaranteed-text-to-pay-for-auto-repair-shops/partial/

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