PAY.ON AG: VALITOR and PAY.ON cooperate to market cross-border acquiring solutions
(firmenpresse) - PAY.ON AG / Key word(s): Internet and Multimedia/
PAY.ON AG: VALITOR and PAY.ON cooperate to market cross-border
acquiring solutions
DGAP-Media / 26.09.2011 / 13:00
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Valitor and international payment processor PAY.ON enter into cooperation
to offer cross-border acquiring services.
PAY.ON AG, a leading processor for payment providers, and Valitor, a
leading multi-brand payment card acquirer, announce a cooperation to market
Valitor's payment services internationally. As of today, Valitor is
connected to the PAY.ON gateway PayPipe and fully integrated into the
platform PaySourcing. Both systems enable payment providers like PSPs to
utilise global online payment processing as well as gaining access to the
biggest network of connectors and payment schemes worldwide through a
single interface.
Clients of PAY.ON will have access to Valitor's efficient and secure
payment platform that supports cross-border acquiring services through a
range of e-commerce segments and markets.
For Valitor this cooperation offers great potential to find new business
partners. PAY.ON serves PSPs throughout the world with more than 140
different payment systems and provides Valitor with an opportunity to
continue expanding its global reach.
Valitor offers fast, easy and secure services to merchants, banks and
cardholders. The company offers acquiring and issuing solutions from Visa,
MasterCard as well as international and domestic debit cards such as
Maestro and Electron. Valitor is currently in the phase of adding more card
schemes such as CUP and American Express. In the past, Valitor's main focus
in cross-border acquiring has been general e-commerce whereas today the
company is expanding its card present services in certain markets. Valitor
has a cross-border license for the European region as defined by the card
associations and is one of the few acquirers in Europe with an 8 year track
record in cross-border acquiring.
In addition, PAY.ON and Valitor are in the position to offer localised
services which meet the individual market's requirements. Therefore, both
companies are able to penetrate new geographical as well as industrial
markets.Ólafur Vilhjálmsson, Managing Director at Valitor, states: 'Building on our
experience and established reputation, we have positioned ourselves for
significant short-to-medium-term expansion in the cross-border acquiring
market. It is our aim at Valitor Cross-Border Acquiring to enhance our
services on an international level and cooperate closely with our partners
and customers to meet the challenges ahead. To meet this goal we have
selected PAY.ON as one of our partners. The cooperation provides us with
the opportunity to offer our services directly to a number of international
PSPs and partners as well as indirectly to even more merchants.
Furthermore, with PAY.ON we have the opportunity to expand our corporate
services.'
Markus Rinderer, CEO of PAY.ON, adds 'We are pleased to have Valitor in our
global partner network and to add their merchant services to our payment
platform. Both companies will benefit from synergy effects. The PAY.ON
systems combined with the competitive services of Valitor enable both
companies to maximise their market potential. This will allow PAY.ON to
further support its clients in becoming even more active cross-border.'
Contact:
VALITOR
Haukur Gislason
Senior Manager - Business Relations
T: +354 525 2290
F: +354 525 2020
haukurg(at)valitor.com
www.valitor.com
PAY.ON AG
Annett van de Bunt
Head of Marketing
T: +49 (0) 89 45 230 552
F: +49 (0) 89 45 230 553
annett.vandebunt(at)payon.com
www.payon.com
About Valitor:
Valitor offers fast, easy and secure services to partners, merchants, banks
and cardholders around the world. The company has been a leading issuer and
acquirer in the highly developed domestic electronic payment market since
1983, working in close collaboration with Visa EU and MasterCard.
As soon as it became possible, in early 2003, Valitor started its
cross-border acquiring business in Europe. Since then, the company has
grown successfully to become recognized as a leading expert in its field
within the European region. In 2011 Valitor took on cross border prepaid
issuing.
The Valitor strategy includes teaming up with partners of high quality,
cooperating closely with them to meet the challenges ahead. The company
focuses on delivering quality service, swiftly and securely, through a
highly developed and stable IT environment.
A combination of trust, leadership and entrepreneurial spirit is at the
heart of Valitor's progressive approach. The company has grown consistently
and organically which has led to a strong and harmonious corporate culture.
Valitor's well-educated and richly experienced staff is committed to
providing professional services of the highest quality.
Valitor was established in 1983 and is currently owned by local banks. The
corporate headquarter is in Reykjavik and a branch office in Copenhagen.
www.valitor.com
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 and 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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