Designed exclusively for the expanding payments market, the new platform can accommodate an array of technologies and services in a well-architected manner.

The technology expedites delivery of innovated, value-added products and services for integrated payment solutions, for the software developer.

It also provides product differentiation, better customer loyalty, improved sales, and more maintenance and upgrade revenue.

PayPros president Eddie Myers said the not only gives software developers a new suite of payment and business services, but allows the company to deliver solutions to the market swiftly while incorporating emerging technologies.

"For software companies, that means real product differentiation and solid competitive advantages," Myers added.

Using PayPros Innovo Platform, users can develop customized vertical payment technologies, adopt new technologies such as mobile, EMV and demand generation services among others.

More than 1,700 partners and 55,000 businesses have adopted PayPros, since 1995, according to the company.