DGAP-Media: PAY.ON AG and RatePAY announce partnership
(firmenpresse) - DGAP-Media: PAY.ON AG / Key word(s): Computer/Telecommunication/
PAY.ON AG and RatePAY announce partnership
22.11.2010 / 11:21
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PAY.ON, a leading provider of global payment technologies, and RatePAY,
specialist for online instalment payments and sales on account, cooperate
to offer payment methods.
Munich / Berlin, November 22, 2010
PAY.ON AG, a leading supplier of online payment and risk management
technologies, and RatePAY GmbH, a specialist for online instalment payments
headquartered in Berlin, enter a partner agreement.
RatePAY GmbH offers an innovative solution for instalment payments and
sales on account that is specially geared to online merchants. In
cooperation with PAY.ON, RatePAY is now able to offer their specific
payment methods 'RatePAY-Instalments', 'Rate-PAY-Invoicing' and
'RatePAY-Relax' to a wide range of PSPs and merchants. PAY.ON has added
those three RatePAY products as new payment methods into its PaySourcing
and PayPipe products. PSPs using either PaySourcing or PayPipe can add
RatePAY to their portfolio and sell it to their merchants. Additionally,
RatePAY's complete check-out process has been designed and developed by
PAY.ON, as well as optimized to the highest possible conversion rates.
Merchants who are already integrated are able to add the new products to
their checkout process without any technical changes on their side. PAY.ON
also manages the technical integration of merchants, allowing RatePAY to
save the costs of integration.
As a leading online payment technology provider and processor of payment
transactions, PAY.ON serves PSPs worldwide with more than 140 different
payment systems. It offers outsourcing services, gateway connections,
wallet solutions, risk management services and technical backend services
to run payment businesses to payment service providers worldwide. Together
with a huge global network, this provides RatePAY the opportunity to expand
and grow further.
RatePAY was founded in late 2009 and is a highly motivated and dynamic
young company with an experienced staff. This spirit and know-how is
reflected in all RatePAY products, which are highly innovative,
custom-tailored and flexible. RatePAY employs PAY.ON as a sales channel to
directly sell their products to already connected PSPs. With RatePAY
products, online merchants can offer their customers an instalment payment
plan or purchases on account without any additional effort or risk.
Miriam Wohlfarth, Managing Director and Co-founder of RatePAY: 'Regarding
online payment technologies, PAY.ON is on top of the business. We were very
impressed with their know-how, professionalism and expertise. To us, PAY.ON
is the perfect partner when it comes to payment solutions on the internet.
We are delighted about the partnership.'
Markus Rinderer, CEO of PAY.ON, adds: 'We are very happy to add RatePAY's
payment methods to our portfolio. Their products are highly professional,
innovative and secure and therefore a perfect fit for PAY.ON. We are
looking forward to a successful and fruitful partnership.'
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 RatePAY GmbH
RatePAY offers innovative solutions for instalment payments and sales on
account, without having to leave the world of E-commerce. RatePAY products
allow online merchants to provide their customers secure, custom-tailored
payment methods that can easily and quickly put to use without additional
effort: RatePAY-Instalments, RatePAY-Invoicing and RatePAY-Relax.
Using RatePAY-Invoicing, the merchant enables the consumer to pay by
invoicing, by far the most popular method in Germany. RatePAY instalments
is the classic instalment payment with either fixed or flexible rates.
RatePAY Relax is a combination of invoicing and instalments and offers
maximum comfort and flexibility to undecided consumers.
RatePAY brings all of the involved parties together and takes over
organisation, management and coordination. Additionally, efficient risk
management is provided by continuous work on fostering, tailoring and
optimising audit and assessment methods. External service providers with
longstanding experience and compentence cover other tasks such as debtor
management. The technological side relies on powerful methods, tools and
service providers.
RatePAY was founded in 2009 by a group of internet and payment experts and
is headquartered in Berlin. Next to the founders and founders link, the
international EOS Group is a strategic advisor and holds 51%.
www.ratepay.com
Media Contact PAY.ON AG:
Martina Kink
Tel: +49 (89) 45 230 552
martina.kink(at)payon.com
Media Contact RatePAY GmbH
Julia Tschawdarow
Tel: +49 (30) 339 88 56 21
julia.tschawdarow(at)ratepay.com
End of Media Release
22.11.2010 Dissemination of a Press Release, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: PAY.ON AG
Grillparzerstraße 18
81675 München
Deutschland
Internet: www.payon.com
End of News DGAP News-Service
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104186 22.11.2010
Datum: 22.11.2010 - 11:21 Uhr
Sprache: Deutsch
News-ID 32693
Anzahl Zeichen: 0
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Kategorie:
Business News
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