Vividpayments

Vivid Payments, which now operates as Vivid Commerce, is a financial technology company established in 2017 with headquarters in San Francisco. The company was co-founded by Derek Henmi, who currently serves as its CEO. Vivid Commerce positions itself as a comprehensive provider of payment processing solutions and point-of-sale (POS) systems for businesses of various sizes, with a notable presence in the restaurant, retail, health, and professional services sectors.

The company's core business revolves around simplifying how businesses accept and manage payments. Its offerings encompass in-person, online, and mobile transaction capabilities. Revenue is primarily generated through transaction fees on payments processed through its systems. Vivid Commerce utilizes an Interchange+ pricing model, which it presents as a transparent structure, charging a disclosed margin on top of the base interchange fees set by card networks. Additionally, the company offers a cash discount program where businesses can pass on processing fees to customers paying with cards, thereby retaining 100% of the sale revenue.

Vivid Commerce provides a suite of products including smart terminals, full point-of-sale systems, and e-commerce integrations. The company supports hardware from various manufacturers like Poynt, Clover, and Verifone, and its software can integrate with multiple POS brands such as Lightspeed and NCR, as well as e-commerce gateways like Authorize.net. This allows for a flexible approach, catering to businesses that may have existing hardware or websites. The platform's features include inventory management, employee management, customer data reporting, and analytics. Vivid also provides solutions for financial institutions, enabling banks and credit unions to offer merchant services to their business clients through a turnkey platform.

Keywords: payment processing, point of sale, POS systems, merchant services, e-commerce solutions, credit card processing, financial technology, retail payments, restaurant POS, Derek Henmi, Interchange plus pricing, cash discount program, payment gateway integration, small business payments, mobile transactions, online ordering, transaction fees, business analytics