Software for the Payments Industry: Insights on Building vs Buying

Episode 5 November 13, 2023 00:31:13
Software for the Payments Industry: Insights on Building vs Buying
Payments Ground Game
Software for the Payments Industry: Insights on Building vs Buying

Nov 13 2023 | 00:31:13

/

Hosted By

Elaina Smith Kevin Smith

Show Notes

In this episode of Payment Ground Game, we hash out this pressing question for payments companies: is it better to build or to buy software?

We cover potential pitfalls, highlight the must-asks when outsourcing, and share our personal experiences with our own software products for underwriting and merchant settlement, Prospector and Pioneer. We take you deep into the realities of costs, timeline uncertainties, customizability, and why constant reinvestment is essential.

We also talk about planning, testing, and user feedback.

Join us in unraveling the complexities of software development in the payments industry. No one said it would be easy, but with the right balance, success is within reach! Tune in, get smarter, and let’s turn challenges into opportunities!

Other Episodes

Episode 7

January 22, 2024 00:30:32
Episode Cover

Building a Lasting Payments Business: Strategies for Sustainable Growth

In this episode of Payments Ground Game podcast, hosts Kevin and Elaina Smith explore the rugged terrain of long-term strategies and goal setting. We...

Listen

Episode 10

April 17, 2024 00:49:33
Episode Cover

The Power of Intentional Growth in the Payments Industry: The SONA Story

In this episode, we delve deep into the core of what makes a business thrive.   Join us as we unpack the journey of Ryan...

Listen

Episode 1

September 21, 2023 00:30:00
Episode Cover

The Secure Bancard Formula: Mentorship, Risk-Taking, and Operational Excellence

As entrepreneurs in the payments industry, we've experienced the highs and lows of building and running an Independent Sales Organization (ISO). In this episode,...

Listen