European Commission: PAY.ONs routing gateway 'PayPipe' provides required variety of cross-border payment options
Poster: SySAdmin
Posted on May 10, 2012 at 8:28:01 AM
European Commission: PAY.ONs routing gateway 'PayPipe' provides required variety of cross-border payment options
MUNICH, May 10, 2012/PRNewswire/ --
In response to the European Commission's Green Paper 'Towards an integrated European
market for card, internet and mobile payments', the 'Ecommerce Europe' association demands
a broader range of payment systems. Most of all bottlenecks appear in the availability of
cross-border payment systems, especially in online banking. Therefore the association
calls for more innovation. With the global routing gateway 'PayPipe', the processing
provider PAY.ON offers already a ready-made solution that provides cross-border online
payments quickly and easy. Via 'PayPipe', payment market participants have also a direct
access to more than 100 international and European payment methods.
According to 'Ecommerce Europe', the major obstacle to eCommerce growth is that
consumers in the single European market are not offered enough alternative, supranational
online payment methods. According to PAY.ON, this point of view falls to short, because it
does not take into account long-year shopper expectations. According to PAY.ON, it is with
regard to the check-out conversion rate of benefit that shop owners offer all respective
domestic payment methods the shopper is used to and trusted in. In the background, the
payment service provider has to provide each shop a simple and flexible global payment
solution from a single source. Payment providers which are connected to 'PayPipe' offer
their online shops a direct access to more than 100 international payment methods -
including European online payment methods. This way, online shops could match the
requirement of their foreign customers - simply and swiftly - over one interface.
"PayPipe" is a routing gateway for global payment that connects payment service
providers, acquirers, risk management providers and other financial institutions over only
one API - including also Europe, of course. 'PayPipe' is one of the largest routing
gateways of its kind. More than 100 different international payment methods are ready for
connection. "PayPipe" covers all requirements - including nearly all alternative and
region-specific payment methods. In identifying the appropriate methods and partners
clients are supported by the 'PayPipe' management teams specifically.
For more information, visit http://www.paypipe.com
About PAY.ON:
PAY.ON AG is the world's leading provider for web-based payment infrastructure
services and provider of the payment processing platform 'PaySourcing' (white-label
payment gateway) as well as of the routing gateway 'PayPipe'. 'PaySourcing' allows clients
to outsource all relevant eCommerce-typical payment and risk management processes into the
cloud or to become a payment service provider in a cost-, time- and resource-saving way.
'PayPipe' is a high-performance routing gateway, which connects payment market
participants worldwide by using only one API. 'PayPipe' accelerates the global
availability for all market participants like no other network. Accordingly, transactions
are processed in all payment methods in any currency across all systems. Every PAY.ON
system is PCI-DSS certified and therefore compliant with the international payment
standards and requirements. For more information, visit: http://www.payon.com
PAY.ON AG - press contact:
Wilhelm Fuchs
Manager Press & Public Relations
E-Mail: press@payon.com
URL: http://www.payon.com
+49-89-45-230-562
Source: PAY.ON AG
MUNICH, May 10, 2012/PRNewswire/ --
In response to the European Commission's Green Paper 'Towards an integrated European
market for card, internet and mobile payments', the 'Ecommerce Europe' association demands
a broader range of payment systems. Most of all bottlenecks appear in the availability of
cross-border payment systems, especially in online banking. Therefore the association
calls for more innovation. With the global routing gateway 'PayPipe', the processing
provider PAY.ON offers already a ready-made solution that provides cross-border online
payments quickly and easy. Via 'PayPipe', payment market participants have also a direct
access to more than 100 international and European payment methods.
According to 'Ecommerce Europe', the major obstacle to eCommerce growth is that
consumers in the single European market are not offered enough alternative, supranational
online payment methods. According to PAY.ON, this point of view falls to short, because it
does not take into account long-year shopper expectations. According to PAY.ON, it is with
regard to the check-out conversion rate of benefit that shop owners offer all respective
domestic payment methods the shopper is used to and trusted in. In the background, the
payment service provider has to provide each shop a simple and flexible global payment
solution from a single source. Payment providers which are connected to 'PayPipe' offer
their online shops a direct access to more than 100 international payment methods -
including European online payment methods. This way, online shops could match the
requirement of their foreign customers - simply and swiftly - over one interface.
"PayPipe" is a routing gateway for global payment that connects payment service
providers, acquirers, risk management providers and other financial institutions over only
one API - including also Europe, of course. 'PayPipe' is one of the largest routing
gateways of its kind. More than 100 different international payment methods are ready for
connection. "PayPipe" covers all requirements - including nearly all alternative and
region-specific payment methods. In identifying the appropriate methods and partners
clients are supported by the 'PayPipe' management teams specifically.
For more information, visit http://www.paypipe.com
About PAY.ON:
PAY.ON AG is the world's leading provider for web-based payment infrastructure
services and provider of the payment processing platform 'PaySourcing' (white-label
payment gateway) as well as of the routing gateway 'PayPipe'. 'PaySourcing' allows clients
to outsource all relevant eCommerce-typical payment and risk management processes into the
cloud or to become a payment service provider in a cost-, time- and resource-saving way.
'PayPipe' is a high-performance routing gateway, which connects payment market
participants worldwide by using only one API. 'PayPipe' accelerates the global
availability for all market participants like no other network. Accordingly, transactions
are processed in all payment methods in any currency across all systems. Every PAY.ON
system is PCI-DSS certified and therefore compliant with the international payment
standards and requirements. For more information, visit: http://www.payon.com
PAY.ON AG - press contact:
Wilhelm Fuchs
Manager Press & Public Relations
E-Mail: press@payon.com
URL: http://www.payon.com
+49-89-45-230-562
Source: PAY.ON AG