DGAP-Media: PAY.ON AG: New client in Asia
(firmenpresse) - PAY.ON AG / Research/Technology
12.05.2010 14:13
Dissemination of a Media Release, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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PAY.ON, leading provider of global payment technologies, has won their
first client in the Philippines. Yehey, the Philippine's largest
wholly-owned digital marketing solutions company, will employ PAY.ON
services and technologies.
PAY.ON AG, leading provider of payment and risk management technologies and
global processor of online payment transactions, announced Yehey Digital
Group as a new client. Yehey operates a popular search engine service as
well as online marketing services. It is the second most visited Philippine
site. To meet their clients' increasing e-commerce ambitions, the company
has decided to offer payment services. Through PAY.ON's international
network, Yehey has been connected to Banco de Oro, the largest credit card
acquirer.
Robert Kuzelj, CEO of PAY.ON, states: 'We are happy to have Yehey as a new
Asian client and our first one in the Philippines. We know our technology
is ideally suited for the Asian market, as we offer a huge network of
acquiring banks and payment schemes for Asian PSPs and merchants. We are
used to implement local payment scheme methods in a very short time.'
Donald Patrick Lim, President and CEO of Yehey Corporation (Pasig, Metro
Manila) emphasises: 'Yehey has decided to extend its services into the
payment space with its newly established Internet Payment Service Provider
Divison KABAN(TM) Internet Payment Solutions. We quickly realised the need
for a state-of-the-art payment technology solution to keep our high
standards and fulfill the needs of our merchants locally as well as
globally. With PAY.ON, we are able to unlock a broad spectrum of reliable
and secure internet payment services. Their Software as a Service (SaaS)
concept allows us to fully focus on our sales and marketing competence for
the sake of our growing number of merchants demanding easy-to-use and
risk-minimised payment services.'
Yehey will be using PaySourcing, a modular platform for global payment
outsourcing and a reliable and efficient processing of all payment
procedures, for their merchant business.
About PAY.ON AG:
PAY.ON AG is an internationally leading supplier of global online payment
and risk management technologies, and processor of online payment
transactions. The Company offers the core competencies of global
outsourcing services and routing for monetary transactions, wallet
solutions, risk management and monitoring services, as well as various
technical back-end solutions. The global payment technologies and
transaction processing of PAY.ON enable clients to serve their customers
worldwide by integrating solutions that specifically meet domestic payment
demands. Typical clients of PAY.ON are leading payment service providers
(PSP), payment scheme suppliers, acquirers as well as risk management
providers. The technology and services of PAY.ON are fully integrated into
the clients' corporate design as white label. As a technology provider and
expert, the Company does not serve merchants.
The two core technologies of PAY.ON are PaySourcing(TM)
(www.paysourcing.com), a modular platform for global payment outsourcing,
and PayPipe(TM) (http://www.paypipe.com), an e-gateway for global payment
routing.
The technologies of PAY.ON are fully PCI-certified and occur online
payments by classical as well as alternative payment methods. The system
has connectors at more than 140 third-party systems and supports all major
payment methods and currencies worldwide. New connectors are continuously
integrated into the PAY.ON platform; on average 3-4 connectors every 4-6
weeks.
PAY.ON was established in 2004 by a group of payment experts. The corporate
headquarter is in Munich. The Company has subsidiaries in Salzburg, Hong
Kong and Manila.
www.payon.com
Media Contact PAY.ON AG:
Annett van de Bunt
Tel: +49 (89) 45 230 552
annett.vandebunt(at)payon.com
12.05.2010 14:13 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Datum: 12.05.2010 - 14:13 Uhr
Sprache: Deutsch
News-ID 20797
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