--- title: "The Nilson Report: Interoperability from ModoPayments" description: "The Nilson Report: Interoperability from ModoPayments" --- [![logo_modo-300x107](https://blog.modopayments.com/hs-fs/hubfs/logo_modo-300x107.png?width=136&name=logo_modo-300x107.png)](https://modopayments.com/) - ![blog-five .jpg](https://cdn2.hubspot.net/hubfs/2684535/Alande/blog/blog-five%20.jpg "blog-five .jpg") [Demo Topic 5](http://globalyogi-2684535.hs-sites.com/alande-blog-one/topic/demo-topic-5) # Blog Title Five [Read More](http://globalyogi-2684535.hs-sites.com/alande-blog-one/blog-title-five) - ![blog-eight .jpg](https://cdn2.hubspot.net/hubfs/2684535/Alande/blog/blog-eight%20.jpg "blog-eight .jpg") [Demo Topic 3](http://globalyogi-2684535.hs-sites.com/alande-blog-one/topic/demo-topic-3) # Blog Title Eight [Read More](http://globalyogi-2684535.hs-sites.com/alande-blog-one/blog-title-eight) - ![blog-eleven .jpg](https://cdn2.hubspot.net/hubfs/2684535/Alande/blog/blog-eleven%20.jpg "blog-eleven .jpg") [Demo Topic 1](http://globalyogi-2684535.hs-sites.com/alande-blog-one/topic/demo-topic-1) # Blog Title Eleven [Read More](http://globalyogi-2684535.hs-sites.com/alande-blog-one/blog-title-eleven) Categories - [modo in the news](https://blog.modopayments.com/press/topic/modo-in-the-news) - [bruce parker](https://blog.modopayments.com/press/topic/bruce-parker) - [interoperability](https://blog.modopayments.com/press/topic/interoperability) - [partnerships](https://blog.modopayments.com/press/topic/partnerships) - [product innovations](https://blog.modopayments.com/press/topic/product-innovations) - [press releases](https://blog.modopayments.com/press/topic/press-releases) - [/checkout](https://blog.modopayments.com/press/topic/checkout-2) - [payment method acceptance](https://blog.modopayments.com/press/topic/payment-method-acceptance) - [loyalty](https://blog.modopayments.com/press/topic/loyalty) - [investment](https://blog.modopayments.com/press/topic/investment) - [conferences](https://blog.modopayments.com/press/topic/conferences) - [speaking engagements](https://blog.modopayments.com/press/topic/speaking-engagements) - [auth shopping](https://blog.modopayments.com/press/topic/auth-shopping) - [#paymentsgeekthoughts](https://blog.modopayments.com/press/topic/paymentsgeekthoughts) - [announcements](https://blog.modopayments.com/press/topic/announcements) - [Infinicept](https://blog.modopayments.com/press/topic/infinicept) - [chief solutions officer](https://blog.modopayments.com/press/topic/chief-solutions-officer) - [executives](https://blog.modopayments.com/press/topic/executives) - [jonathan hughes](https://blog.modopayments.com/press/topic/jonathan-hughes) - [lynn holland](https://blog.modopayments.com/press/topic/lynn-holland) - [mark lenhard](https://blog.modopayments.com/press/topic/mark-lenhard) - [modo board](https://blog.modopayments.com/press/topic/modo-board) - [partnership](https://blog.modopayments.com/press/topic/partnership) # The Nilson Report: Interoperability from ModoPayments Posted by [Modo](https://blog.modopayments.com/press/author/modo) on Oct 18, 2018 2:13:50 PM - [Tweet](https://twitter.com/share)   #### *Originally [published on The Nilson Report ](https://nilsonreport.com/mention/118/modo-payments/)* [ModoPayments](http://modopayments.com) handles distributed transaction processing on behalf of clients needing interoperability for payment and loyalty systems. The company’s cloud-based (AWS) platform, called Coin, is a utility that solves connectivity problems between different systems that need to work together. Modo offers a digital payment hub that enables connections to many processors, acquirers, and alternative payment networks with one technical integration. Modo says its overall exception item rate is 0.05% and trending lower. Mastercard used Modo last year in an internet of things (IoT) pilot as a way to test how to link its business-to-consumer system to facilitate payments initiated by connected devices. [Etihad Airways recently hired Modo](https://www.prnewswire.com/news-releases/modo-partners-with-etihad-airways-to-co-create-loyalty-solution-as-part-of-the-fintech-abu-dhabi-innovation-challenge-300699577.html) to connect its loyalty system to its main reservation system. Modo enables loyalty points or a combination of points and new spending to be used to purchase a ticket using a virtual card. Etihad’s loyalty and reservation systems are operated by different third-party providers. They now communicate without any changes required by those providers. FIS Global uses Modo to support a stand-alone mobile app that lets users convert loyalty cards for in-store redemptions. And Modo is working on other projects with FIS that involve interoperability in support of loyalty programs at FIS financial institution clients. [Klarna uses Modo](http://www.paymenteye.com/2018/09/20/inside-the-klarnamodo-deal-how-to-deliver-fast-and-flexible-payments/) to quickly connect to online merchants worldwide that want to integrate the company’s financing options. Modo has received $16.5 million over five funding rounds, including $5.2 million in [private equity from Deutsche Bank](https://www.bloomberg.com/amp/news/articles/2018-08-23/deutsche-bank-buys-stake-in-modo-to-handle-peer-to-peer-payments) in August. The company is using its most recent funding round to expand existing system capabilities to approach a broader set of potential clients. Competitors to Modo include companies that sell software directly to merchants such as ACI Worldwide, as well as payment service providers such as Adyen. Topics: [bruce parker](https://blog.modopayments.com/press/topic/bruce-parker), [modo in the news](https://blog.modopayments.com/press/topic/modo-in-the-news), [partnerships](https://blog.modopayments.com/press/topic/partnerships), [loyalty](https://blog.modopayments.com/press/topic/loyalty), [/checkout](https://blog.modopayments.com/press/topic/checkout-2), [interoperability](https://blog.modopayments.com/press/topic/interoperability) 2100 Alamo Road Suite T Richardson, TX 75080 +1 214-238-4790 [Contact Us](https://modopayments.com/contact/) [modopayments.com](https://modopayments.com) @ 2026 Modo Payments [![Share on Facebook](https://static.hubspot.com/final/img/common/icons/social/facebook-24x24.png)](https://www.facebook.com/modopayments/) [![Share on LinkedIn](https://static.hubspot.com/final/img/common/icons/social/linkedin-24x24.png)](https://www.linkedin.com/company/modopayments/) [![Share on Twitter](https://static.hubspot.com/final/img/common/icons/social/twitter-24x24.png)](https://twitter.com/ModoPayments) ![](https://www.facebook.com/tr?id=514036075459689&ev=PageView%20&noscript=1) ![](https://px.ads.linkedin.com/collect/?pid=183498&fmt=gif)