Ingenico ePayments announces complete and PSD2-compliant solution for marketplaces
(Thomson Reuters ONE) -
Press Release
Amsterdam,
26 June 2017
Ingenico ePayments announces complete and PSD2-compliant solution for
marketplaces
Ingenico ePayments, the online and mobile commerce division of Ingenico Group,
today announced a new payment solution designed specifically for online
marketplace operators. The solution is built on Ingenico's Full Service payments
platform and provides marketplaces with the flexibility and conformity to PSD2
they need to scale and grow internationally. The Ingenico Payment Solution for
Marketplaces uses API calls to communicate with Ingenico's payment platform,
which gives marketplace operators flexibility and control over critical
functionalities such as commission and payout management.
Online marketplaces are expected to account for almost 40% of the global online
retail market by 2020, according to a study by the eCommerce Foundation and
Nyenrode Business University. Reflecting the growing influence of marketplaces,
the Payment Services Directive was extended in 2015, and some of the exemptions
that allowed online marketplaces to operate without being regulated or
supervised while providing payment services, were removed. PSD2 comes into
effect in 2018, meaning online marketplace operators that sell to European
consumers will need to become themselves regulated and supervised (licensed)
payment service providers or seek regulatory backing from a licensed partner
such as Ingenico ePayments*.
The new Ingenico Payment Solution for Marketplaces is a scalable, secure and
fully PSD2-compliant solution that helps online marketplaces grow beyond their
borders and simplify the transaction process for both sellers and buyers.
Ingenico's Full Service model means the company collects all funds on behalf of
the marketplace operator. In this model, the marketplace operator becomes an
agent of Ingenico, a licensed payment service provider, which removes the need
for the marketplace operator to upgrade its company structure to become a
licensed payment service provider itself. The new solution also takes care of
all KYC requirements including identification and validation of sellers before
any transactions are made, in full compliance with mandatory identification
obligations. Additional benefits include frictionless onboarding of new sellers
onto the platform, multi-seller basket and commission management.
Marketplace operators can opt to use Ingenico API for a customized
implementation of the marketplace solution, or use a dedicated connector for one
of the leading middleware platforms for marketplaces, such as Mirakl or Izberg.
"As online retail matures, we increasingly see the marketplace model driving
growth in the space. But to sustain that growth, in particular in the EU,
marketplaces will need to step up to become fully compliant with PSD2," said
Ludovic Houri, Vice President, Product at Ingenico ePayments. "Our new
marketplace solution not only removes the burden of PSD2 for operators, but
provides a set of features and benefits that enable marketplaces to increase
efficiency, reduce complexity and scale internationally."
* Ingenico Financial Solutions SA, part of Ingenico ePayments, is an authorized
payment service provider
About Ingenico ePayments
Ingenico ePayments is the online and mobile commerce division of Ingenico Group.
We connect merchants and consumers, enabling businesses everywhere to go further
beyond today's boundaries, creating the future of global commerce. As industry
leaders since 1994, our innovative spirit drives us forward across all channels.
We are the trusted partner of over 65,000 small and large merchants who rely on
us to make payments easy and secure for their customers. With advanced data
analytics, fraud management solutions and cross-border commerce expertise, we
help merchants optimize their business and grow into new markets around the
world. For more information, visit www.ingenico.com/epayments or follow us on
Twitter or LinkedIn.
Ingenico / Press
Jurriaan Trommels
Senior Manager, PR and Communications
Jurriaan.Trommels(at)ingenico.com
+31 23 569 9937
Marketplaces solution:
http://hugin.info/143483/R/2115667/805068.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: INGENICO via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 26.06.2017 - 17:30 Uhr
Sprache: Deutsch
News-ID 549812
Anzahl Zeichen: 5303
contact information:
Town:
Paris
Kategorie:
Business News
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