PAY.ON AG
PAY.ON AG: VALITOR and PAY.ON cooperate to market cross-border acquiring solutions
PAY.ON AG / Key word(s): Internet and Multimedia/ 26.09.2011 / 13:00 --------------------------------------------------------------------- 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@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@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 --------------------------------------------------------------------- 26.09.2011 Dissemination of a Press Release, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 140300 26.09.2011
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