Next-gen payments will be facilitated by Checkout.com, as selected by TeamSystem.
In a significant move, TeamSystem, Italy's leading provider of cloud-based ERP and fintech solutions, has partnered with Checkout.com, a global payment solutions provider. This partnership aims to improve payment performance for TeamSystem's diverse client base, which includes over 2.5 million micro, small, and medium-sized enterprises (SMEs) and professionals.
According to Checkout.com, their commitment is to deliver the expertise, technology, and regional insight that help businesses scale with confidence. The modern solution delivered by the partnership supports evolving scheme requirements and regional compliance standards.
One of the key features of the partnership is Checkout.com's Intelligent Acceptance technology, which is being leveraged by TeamSystem to optimize transaction routing and drive higher acceptance rates. This technology uses machine learning optimization to reduce failed transactions and increase acceptance rates, thereby boosting operational efficiency.
The partnership also includes advanced fraud protection and secure tokenization, ensuring transactions are secure and compliant with evolving regional payment schemes. This collaboration is expected to significantly enhance the digital payments landscape in Italy.
Looking beyond Italy, this partnership exemplifies how integrating advanced payment technologies can empower business software providers globally to enhance payment performance and user experience. Given TeamSystem’s extensive reach and high transaction volumes (processing over 500 million invoices and $1 trillion annually), the collaboration could influence broader regional and international standards for embedded payments in business management software.
Wilco Slabbekoorn, Head of Growth Europe, at Checkout.com, expressed pride in supporting TeamSystem's evolution as a digital-first payments leader in Italy. The collaboration empowers TeamSystem to enhance the payments capabilities offered to its customers across sectors and supports TeamSystem's international growth trajectory.
TeamSystem reported €1 billion in revenue in 2024, a 19% increase from 2023, further solidifying their position in the market. The company is planning to expand into Spain and France over the next 18 months, with the enhanced payments infrastructure provided by Checkout.com likely to play a significant role in these expansion plans.
The partnership with Checkout.com also includes working closely with international card networks, including Visa and Mastercard, to ensure the solution meets the highest standards for acceptance, security, and performance across markets. This partnership is set to revolutionize the digital payments landscape in Italy and potentially beyond, as both companies continue to innovate and grow.
[1] Source: TeamSystem Press Release, [Date] [2] Source: Checkout.com Press Release, [Date]
Checkout.com's Intelligent Acceptance technology, utilizing machine learning optimization, is being employed by TeamSystem to optimize transaction routing and enhance operational efficiency. This technology aims to minimize failed transactions and increase acceptance rates, thereby ensuring compliance with evolving regional payment schemes and securing transactions with advanced fraud protection and secure tokenization.
This partnership between TeamSystem and Checkout.com, spanning finance, technology, and business, is projected to significantly influence regional and international standards for embedded payments in business management software. Given TeamSystem's ambitious expansion plans into Spain and France within the next 18 months, the collaboration is likely to play a vital role in these ventures.
