PAY.ON AG: PAY.ON and payolution cooperate
(firmenpresse) - PAY.ON AG / Key word(s): Internet and Multimedia/
PAY.ON AG: PAY.ON and payolution cooperate
DGAP-Media / 21.09.2011 / 09:20
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PAY.ON AG and payolution GmbH cooperate to market their payment services.
payolution enables online merchants to offer their customers payment
solutions like 'pay by instalments' and 'pay by invoice' on the internet.
For the first time, payolution makes these solutions available on the
Austrian market. Both payment methods are connected to the PAY.ON gateway
PayPipe and integrated into the platform PaySourcing as of now.
PAY.ON systems enable payment providers such as PSPs global online payment
processing via one single interface as well as access to the biggest
network of connectors and payment schemes worldwide. In cooperating with
PAY.ON, payolution's payment methods can now be offered globally to a
multitude of PSPs and merchants. PAY.ON serves leading PSPs worldwide with
more than 140 different payment systems.
PSPs already using PAY.ON products are now able to offer the payolution
solutions to their online merchants - without any complex technical
changes. By connecting the payolution products, PAY.ON adds 2 more payment
schemes for payment providers worldwide to its portfolio.
payolution was established last spring in Vienna by Stefan Kalteis and
Michael Altrichter. Online merchants benefit from their services with more
turnover, more liquidity and more profit. Next to 'pay by instalments' and
'pay by invoice', the payolution service portfolio also includes liquidity
management as well as social risk management.
Michael Altrichter, founder and Managing Director of payolution, says:
'German and Austrian online customers prefer 'pay by invoice' - it is the
most popular payment method. Yet very few merchants offer this alternative
as the administrative effort is too high. We solve this problem for our
merchants. In cooperating with PAY.ON, our services are integrated much
faster and simpler at PSPs and consequently their merchants.'
For PAY.ON, Markus Rinderer, CEO, adds: 'We are very happy to add the
payolution payment solutions to our portfolio. The products are innovative,
professional and flexible, which makes them a perfect fit for PAY.ON. We
support our cooperation partners in their global market penetration. They
gain access to international payment providers, who our partners can then
appoint as resellers of their payment method. We are looking forward to a
successful partnership with payolution.'
Contact:
i5comm für payolution GmbH PAY.ON AG
Bernhard Lehner Annett van de Bunt
T: +43 664 439 86 09 T: +49 (0) 89 45 230 552
payolution(at)i5comm.com annett.vandebunt(at)payon.com
www.payolution.com www.payon.com
About payolution:
payolution (www.payolution.com) optimises payments. Founded in 2011 in
Vienna by Stefan Kalteis and Michael Altrichter, the company offers
innovative payment methods and social risk management to online merchants.
Through payolution, customers of e-commerce operators can now pay by either
instalments or by invoice. These additional payment methods increase
turnover and profit of online shops and enhance liquidity. Further
payolution services include real-time risk checks, debitor management,
protection in case of payment failure, transaction handling and optimising
liquidity. As of September 2011, payolution is a 100% daughter of Skrill
Holding Ltd.
About PAY.ON AG:
PAY.ON AG is an internationally leading processor of global payment
transactions on the Internet. PAY.ON's core competencies comprise
outsourcing and routing of payment transactions, risk management,
monitoring services as well as various technical back-end solutions. The
systems and the transaction processing of PAY.ON enable clients to fulfill
local payment demands and serve their customers worldwide. Typical clients
of PAY.ON include leading independent payment providers, payment scheme
suppliers, acquirers as well as risk management providers.
The two core technologies of PAY.ON are PaySourcing?(www.paysourcing.com),
a modular platform for global payment outsourcing, and PayPipe?(www.paypipe.com), an e-gateway for global payment routing.
PAY.ON systems are fully PCI-certified and support classic as well as
alternative online 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; on
average one a week. As a payment processor and expert, PAY.ON does not
offer its systems and services to online merchants.
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
End of Media Release
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139924 21.09.2011
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