DGAP-Media: PAY.ON AG: new client in Transact24
(firmenpresse) - PAY.ON AG / Research/Technology
07.06.2010 15:04
Dissemination of a Media Release, transmitted by
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PAY.ON, leading provider of global payment technologies, acquires a new
client in Asia. Transact24 will employ the PAY.ON platform.
PAY.ON AG, a leading provider of payment and risk management technologies
and global processor of online payment transactions, will provide its
platform to Transact24, an International Payment Service Provider with
focus on the Asian market. Transact24 is headquartered in Hong Kong and has
offices and/or operating entities in Australia, Singapore, Indonesia,
China, Macau, Mauritius, South Africa, the USA and the UK. Transact24 is
PCI DSS (Payment Card Industry Data Security Standard) Level 1 compliant
and offers a complete set of online payment solutions that can be used
instantly to market and sell online products and services to internet
customers. With its international presence Transact24 is able to acquire
and settle transactions in a number of major currencies. The PAY.ON
platform will be used for credit card acquiring with a number of banks
connected to the PAY.ON gateway.
Says Philip Meyer, Managing Director of Transact24: 'Established in 2006,
Transact24 Ltd has processing relationships with several acquiring banks
and processing institutions world-wide. Transact24 offers internet
merchants payment options such as Visa, MasterCard, JCB, Amex, Diners,
Chinese Debit Cards, Ukash, ACH (US Auto Clearing House) transactions and
direct EFT. Transact24 recently ventured into the pre-paid card issuing
market and is rolling out card programs for customers in South East Asia,
South Africa and the Middle East.
Transact24 has been familiar with the PAY.ON services and management for a
number of years and values the technical knowledge that PAY.ON provides in
the card payment space. We feel that the PAY.ON international footprint is
well established and will add value to our corporate vision - to offer
multiple Transact24 payment options to merchants world-wide. With PAY.ON we
are able to increase our acquiring options with banks. The PAY.ON risk
management features suit the Transact24 business model of mediating risk
for merchants and acquirers alike. Furthermore, PAY.ON provides a reliable
payment platform that complements the Transact24 proprietary connectors to
banks.
Also, the use of the new PAY.ON Service Support Center (SCC) features will
enable us to improve and extend customer service for merchants. The
association with PAY.ON gives us more flexibility in offering international
payment options and solutions to our merchants.'
Robert Kuzelj, CEO at PAY.ON comments: 'We know that Asia is a fast growing
market and are continuously strengthening our position in this exciting and
important area. Our technologies are truly global and perfectly suited for
the Asian market. We are very happy to have a new client in Transact24, and
look forward to supporting them in serving merchants internationally.'
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
About Transact24 Limited:
Transact24 is headquartered in Hong Kong and has offices and/or operating
entities in Australia, Singapore, Indonesia, China, Macau, Mauritius, South
Africa, the USA and the UK. Transact24 is PCI DSS (Payment Card Industry
Data Security Standard) Level 1 compliant and offers a complete set of
online payment solutions that can be used instantly to market and sell
online products and services to global Internet customers. With its
international presence Transact24 is able to acquire and settle
transactions in a number of major currencies globally.
The Transact24 fully owned subsidiary, T24 Global Issuance Pte Ltd (T24GI),
is based in Singapore with operations offices in South Africa. T24GI is in
the business of managing pre-paid VISA or MasterCard programs for a number
of projects in the EU, South East Asia and Africa. T24 GI launched its own
t24 black and t24 white MasterCard in May 2010. These brands are aimed at
identified niche markets in the EU, Asia and Africa.
www.transact24.com
www.t24gi.com
www.t24black.com
www.t24white.com
Media Contact PAY.ON AG:
Martina Kink
Tel: +49 (89) 45 230 552
martina.kink(at)payon.com
Media Contact Transact24 Limited:
Jan Louw
Tel: +852 2851 0145
Jan(at)transact24.com
07.06.2010 15:04 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: PAY.ON AG
Grillparzerstraße 18
81675 München
Deutschland
Internet: www.payon.com
End of News DGAP-Media
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Datum: 07.06.2010 - 15:04 Uhr
Sprache: Deutsch
News-ID 22041
Anzahl Zeichen: 0
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Kategorie:
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