FreedomPay

FreedomPay is a payment technology company founded in 2000. It provides a unified, cloud-based commerce platform that combines payments, security and customer-experience tools for enterprise merchants. The company has been led since its inception by its founder and chief executive, Tom Durovsik, and is structured around cloud computing, mobile payments and mobility.

Its principal product, the FreedomPay Next Level Commerce® Platform, is a single technology stack that integrates with point-of-sale systems, property-management systems, kiosks, web and mobile channels. The platform serves 88 countries and supports more than 1,500 integrations, with reach across roughly 90% of acquirers globally. FreedomPay also offers a Point-to-Point Encryption (P2PE) solution, among the first fully functional P2PE offerings in North America to be validated by the PCI Security Standards Council. It supports EMV and NFC transactions and processes them in under 600 milliseconds.

The company's technical work spans mobile payments, cloud computing, Platform as a Service, payment security and encryption, EMV and NFC processing, and closed-loop or stored-value systems. It introduced closed-loop stored-value payment solutions in 2004, launched a cloud-based Platform as a Service in 2007 and extended it to include mobile phone capabilities in 2009.

FreedomPay operates in North America and internationally, serving merchants in retail, hospitality, sports and entertainment, food service, healthcare and higher education. The company describes its brand ethos in terms of innovation under the name Next Level Commerce®, and emphasises trust, security and performance in its platform.