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Mobile Payment: PAY.ON AG Cooperates With Payworks GmbH in Development of Mobile Payment Solutions
MUNICH, April 26, 2012/PRNewswire/ --
In cooperation with the Munich-based company payworks, PAY.ON AG establishes a
development partnership for mobile payment solutions. payworks GmbH develops both turnkey
white-label products and modular components, making it easy for payment providers, banks
and telecommunications providers to enter the emerging mobile payment market. Existing and
new clients of PAY.ON's payment processing platform 'PaySourcing' can now rely on a
professional partner for future mobile payment projects. For more information on payworks
GmbH, visit http://www.payworksmobile.com
'The development of mobile payment systems can often be very complex. We offer payment
providers the necessary solutions to quickly enter the rapidly growing mobile payment
sector,' say payworks Managing Directors, David Bellem and Christian Deger. 'We are
excited to have an experienced and internationally recognised partner like PAY.ON at our
side. This opens up a vast amount of opportunities for our clients and allows us to align
our products more closely to their specific needs.'
'The product portfolio of payworks complements our services perfectly. It gives our
clients access to a new and dynamic market segment with high transaction volumes,'
explains Wolfgang Berner, Vice President Product & Integration of PAY.ON. 'The products
developed by payworks allow 'PaySourcing' clients to pursue sound strategies in the mobile
payment market.'
The very first product, 'payworks.terminal', enables payment providers to instantly
release their own mobile point-of-sale (POS) solution. With 'payworks.terminal', small
retailers are able to accept card payments easily at the POS, the only requirement being a
smartphone with internet access. An optional card reader can be plugged into the phone for
faster processing. The application, which is available for iPhone and Android, is
customised by payworks according to each payment provider's individual needs, representing
a comprehensive all-in-one solution.
All payworks products comply with current data security standards for the
international payment market. 'payworks.terminal' was developed compliant to the
specifications and requirements of the PCI Security Standards Council's PA-DSS. Thus, no
credit card and customer data is stored on the respective mobile phone. In addition,
cardholder verification via signature mitigates the risk of data abuse. PAY.ON's PCI-DSS
certified processing system ensures the safe and reliable execution of all payment
transactions.
About payworks:
payworks develops and operates mobile payment solutions for payment providers, banks
and telecommunications providers. The company is supported by the business incubator
Barikuta Partners, the entrepreneurial arm of the PAY.ON founders. The solutions developed
by payworks include turnkey white-label products and modular components, both being
exclusively sold to payment providers. payworks enables its clients to enter the mobile
payment sector with innovative and reliable solutions without the need of high
investments. For more information, visit: http://www.payworksmobile.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' 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
payworks GmbH - press contact:
Veronika Zimmermann
Manager Press & Public Relations
Email: press@payworksmobile.com
URL: http://www.payworksmobile.com
PAY.ON AG - press contact:
Wilhelm Fuchs
Manager Press & Public Relations
Phone: +49(89)45-230-552
Email: press@payon.com
URL: http://www.payon.com
Source: PAY.ON AG
Mobile Payment: PAY.ON AG Cooperates With Payworks GmbH in Development of Mobile Payment Solutions
MUNICH, April 26, 2012/PRNewswire/ --
In cooperation with the Munich-based company payworks, PAY.ON AG establishes a
development partnership for mobile payment solutions. payworks GmbH develops both turnkey
white-label products and modular components, making it easy for payment providers, banks
and telecommunications providers to enter the emerging mobile payment market. Existing and
new clients of PAY.ON's payment processing platform 'PaySourcing' can now rely on a
professional partner for future mobile payment projects. For more information on payworks
GmbH, visit http://www.payworksmobile.com
'The development of mobile payment systems can often be very complex. We offer payment
providers the necessary solutions to quickly enter the rapidly growing mobile payment
sector,' say payworks Managing Directors, David Bellem and Christian Deger. 'We are
excited to have an experienced and internationally recognised partner like PAY.ON at our
side. This opens up a vast amount of opportunities for our clients and allows us to align
our products more closely to their specific needs.'
'The product portfolio of payworks complements our services perfectly. It gives our
clients access to a new and dynamic market segment with high transaction volumes,'
explains Wolfgang Berner, Vice President Product & Integration of PAY.ON. 'The products
developed by payworks allow 'PaySourcing' clients to pursue sound strategies in the mobile
payment market.'
The very first product, 'payworks.terminal', enables payment providers to instantly
release their own mobile point-of-sale (POS) solution. With 'payworks.terminal', small
retailers are able to accept card payments easily at the POS, the only requirement being a
smartphone with internet access. An optional card reader can be plugged into the phone for
faster processing. The application, which is available for iPhone and Android, is
customised by payworks according to each payment provider's individual needs, representing
a comprehensive all-in-one solution.
All payworks products comply with current data security standards for the
international payment market. 'payworks.terminal' was developed compliant to the
specifications and requirements of the PCI Security Standards Council's PA-DSS. Thus, no
credit card and customer data is stored on the respective mobile phone. In addition,
cardholder verification via signature mitigates the risk of data abuse. PAY.ON's PCI-DSS
certified processing system ensures the safe and reliable execution of all payment
transactions.
About payworks:
payworks develops and operates mobile payment solutions for payment providers, banks
and telecommunications providers. The company is supported by the business incubator
Barikuta Partners, the entrepreneurial arm of the PAY.ON founders. The solutions developed
by payworks include turnkey white-label products and modular components, both being
exclusively sold to payment providers. payworks enables its clients to enter the mobile
payment sector with innovative and reliable solutions without the need of high
investments. For more information, visit: http://www.payworksmobile.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' 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
payworks GmbH - press contact:
Veronika Zimmermann
Manager Press & Public Relations
Email: press@payworksmobile.com
URL: http://www.payworksmobile.com
PAY.ON AG - press contact:
Wilhelm Fuchs
Manager Press & Public Relations
Phone: +49(89)45-230-552
Email: press@payon.com
URL: http://www.payon.com
Source: PAY.ON AG