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OpenTransact

OpenTransact

OpenTransact is a company founded by Jay Bhattacharya.

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Contents

opentransact.com
Is a
Company
Company
Organization
Organization

Company attributes

Industry
Financial technology
Financial technology
Finance
Finance
Technology
Technology
Location
New York
New York
New York City
New York City
B2X
B2B
B2B
CEO
Jay Bhattacharya
Jay Bhattacharya
Founder
Jay Bhattacharya
Jay Bhattacharya
Email Address

Other attributes

Company Operating Status
Active
Funding Type
Seed
Seed
Accelerate Time-to-Market

Access your business’ full potential by offering more payment options quickly, securely and without requiring in-house payments expertise.

  • Developer Support & Common Platform SDKs

Integrate quickly without having to deal with archaic banking systems. OpenTransact’s APIs are modern and developer support is conveniently available via Slack or email.

  • A Single Unified Integration

Connect any payment method, provider, acquirer, or third-party services to your OpenTransact account and send payments to any available processing service without updating your integration.

  • Reliable and Secure

From PCI-DSS to NACHA to PSD2, OpenTransact is configurable to satisfy local regulations and safeguard your customer data no matter the payment type or regions.

Model Any Transaction Workflow

Let OpenTransact handle all the technical complexity of your payments setup.

  • Connect Multiple Gateways

Implement OpenTransact once and reduce developer workload required to maintain multiple integrations. Data is synchronized across gateways in real time offering optionality and flexibility across processors.

  • Robust Yet Simple Rules Engine

Optimize payment processing costs and protect your business from fraud and compliance risk by mapping how payment data is validated and processed. OpenTransact’s rules engine can trigger actions based on any data your application sends, or on any data attribute supplied by a third-party integration.

  • Load Balancing, Failover & Regional Routing

Use OpenTransact’s rules engine to easily distribute payment volume amongst multiple card processors or banks to ensure continuity of business, pricing leverage, and region specific payment networks.

Automate Risk Management & Compliance

Expand your business but not your risk.

  • Minimize PCI scope

Minimize PCI scope by collecting, encrypting and vaulting sensitive data at OpenTransact and using disposable, non-sensitive tokens when communicating with downstream services.

  • Easily Add Third-Party KYC and Risk Management Services

OpenTransact already connects to industry standard risk management, KYC and account validation services like Microbilt and IDology. Customize your setup with a preferred provider. We will handle the integration for you.

  • Combine the Best Tools & Data to Minimize Costs and Business Risk

By combining smart rules and custom workflows with integrated risk and fraud management services, OpenTransact can help detect fraudulent transactions before they are processed, saving time, cost and potential loss of service.

Timeline

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Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

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References

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