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 13

July 01, 2024 00:40:42
Episode Cover

Collaboration and Creativity: Keys to Successful Payments Marketing

In this episode, hosts Kevin and Elaina Smith welcome payments industry marketing leader, Rebecca Walden. We address critical issues plaguing current marketing efforts in...

Listen

Episode 16

April 24, 2025 00:33:30
Episode Cover

Front End vs Back End: Breaking Down Payment Processing

On this episode of Payments Ground Game, we take a deep dive into the complicated, often misunderstood world of payment processing. Whether you’re new...

Listen

Episode 15

October 01, 2024 00:49:37
Episode Cover

Acquiring Sponsor Banks: The Necessary Bridge to the Card Networks

In this episode, hosts Kevin & Elaina Smith are joined by special guest, Ken Musante, Founder and President of Napa Payments and Consulting. We...

Listen