An omnichannel payment provider

An Ambitious Goal

Loomis Pay is a subsidiary of Loomis AB. Loomis AB has decades of experience in handling cash. Loomis Pay set out to revolutionize payment processing by providing merchants with a unified solution, in one contract, for handling cash, cards, and mobile payments. By simplifying and streamlining the payment process, Loomis Pay helps merchants reduce costs and enhance their bottom line.

Loomis Pay is a relatively new company, but it has already made a significant impact in the payment processing industry and is already available in Sweden, Denmark and Spain.

The first step

The Terminal Payment Gateway

An essential part of Loomis Pay’s  go-to-market strategy was the ability to accept terminal payments. As Loomis Pay had already selected their terminals, they asked Ximedes to design and build a terminal gateway, which is positioned between the payment terminals and the acquirers that ultimately process the payments. 

Ximedes’ gateway serves as a secure, centralized platform for managing payment transactions across various channels. The gateway's flexibility allows Loomis Pay to easily integrate with diverse payment service providers, enabling expanded payment options for their merchants and customers. The gateway allows Loomis to offer Mastercard and VISA payments as well as MobilePay and American Express.

A solid foundation

Reconciliation & Settlement

Recognizing the need for a strong foundation in payment processing, Loomis Pay sought Ximedes' expertise to develop and implement essential functionalities. Ximedes delivered a comprehensive suite of solutions: settlement, billing, invoicing, and financial accounting and reconciliation. These critical components streamline Loomis Pay's operations, enabling efficient management of transactions, merchant payouts, and customer invoicing. By automating these processes, Loomis Pay witnessed significant improvements in speed, accuracy, and financial oversight.

The result? As a Payment Facilitator Loomis Pay gathers the money that belong their merchants from all payment methods. That money is than paid to the merchant in one transparant and swift transaction, making the merchant's live much easier.

Insights for Loomis Pay

Data warehouse

Ximedes is uniquely positioned to develop a data warehouse. Using Elasticsearch, all data streams in the Loomis Pay technology landscape are consolidated in comprehensive models for both internal and external use. Nowadays, most of Loomis forecasting, internal reporting and sales commissions reporting are built on top of this data warehouse.

In summary

A fruitful partnership

The partnership between Loomis Pay and Ximedes proved instrumental in revolutionizing Loomis Pay's payment and financial infrastructure. Ximedes played a pivotal role in implementing crucial components, 

Together, Loomis Pay and Ximedes exemplify the power of strategic collaboration in driving innovation and transforming the payments landscape