PAY.ON Offers Payment Providers Worldwide Easy Access to 145 Million Chinese Online Shoppers
Poster: SySAdmin
Posted on August 14, 2012 at 7:42:01 AM
PAY.ON Offers Payment Providers Worldwide Easy Access to 145 Million Chinese Online Shoppers
MUNICH, August 14, 2012/PRNewswire/ --
- PAY.ON AG integrates China UnionPay and ChinaPay into its routing gateway PayPipe
PAY.ON AG, the leading global service provider for worldwide payment processing,
extends the payment coverage of its routing gateway PayPipe to China. With immediate
effect, the gateway offers direct links to China UnionPay (CUP), one of the world's
largest credit and debit card organisations, and to the CUP subsidiary ChinaPay, the also
internationally well-known CUP card acquirer. Consequently, payment service providers and
their merchants in the USA, Europe and other parts of the world now get easy technical
access to the principal payment procedures of the world's second largest economy with
annual disposable income totalling EUR 290 billion and over 145 million active Chinese
online shoppers. Full details of PayPipe can be found at http://www.paypipe.com
With integration of China CUP and ChinaPay into PayPipe, PAY.ON has opened the gate
for payment providers to monthly several million cross border transactions by CUP card
customers. PAY.ON comprehensively meets the various technical requirements of all market
participants. Payment service providers (PSPs) and independent sales organisations (ISOs)
are linked to both Chinese market leaders via a simple PayPipe integration for global
transaction processing. PAY.ON provides also a dedicated link to China UnionPay for
acquiring banks and acquiring processors complying to all necessary technical and formal
requirements.
The high degree of relevance of cross-border e-commerce in China is also demonstrated
by the CUP expansion strategy. To boost the international attractiveness of its payment
methods, CUP currently allows PSPs and ISOs to become also a CUP acquirer itself in case
of their merchant portfolio is sufficiently promising - which is usually an exclusive
privilege of financial institutes. In the course of this transactions can be processed
easily via PayPipe. PAY.ON complements the new China connection with a comprehensive
on-site support. PAY.ON has its own operation in Asia since 2009 including account
management and customer services with well-established relations to all market players in
the Asia/Pacific region. "PAY.ON stands for fast and smooth execution of customer
requirements," says Dr. Tschangiz Scheybani, Managing Director of PAY.ON Asia. "Thanks to
our wide network of deep contacts with decision-makers, for example at operations like CUP
and ChinaPay, customers are able to drive their APAC strategy forward even faster."
PayPipe offers payment providers the opportunity to connect their payment system with
the processing platforms of several hundred other payment providers and more than 100
international payment method providers via only one single interface (API). The result is
a significant technical simplification in global transaction handling, which is
accompanied by considerable cost savings. Relevant payment partners not yet integrated
into the PayPipe network such as payment service providers, acquirers, payment method
providers and other financial institutions will be implemented into the routing gateway by
PAY.ON on a short-term basis.
Regarding processing infrastructure, PAY.ON operates one of the most state-of-the-art
data centres in the payment industry, which meets highest standards in terms of high
availability, productivity and operating continuity. The same applies to the security
concept meeting all the requirements of the Payment Card Industry Data Security Standard
(PCI DSS v2). The data centre itself is also ISO 27001 and ISO 9001 certified. The set-up
of the data centre is completely maintenance free and due to state-of-the-art
virtualisation seamless and freely scaleable. London as the data centre location, with its
direct and thus uninterrupted connection to the world's high-speed data highways to all
continents, also offers best performance conditions.
About PAY.ON:
PAY.ON AG is a world leading operator of payment infrastructure systems and supplier
of the white label platform PaySourcing and the routing gateway PayPipe. PaySourcing makes
it possible for customers to outsource all relevant payment and risk-management processes,
or procure them via cloud computing and thus become a payment service provider themselves
whilst saving costs, time and resources. PayPipe is a high-performance payment gateway
that connects all payment market participants with each other using just one interface.
Accordingly, PayPipe accelerates global availability for all market participants like no
other network. Using PayPipe, transactions can be processed online for all payment methods
in all currencies and across all systems. All PAY.ON systems are PCI-DSS-certified and
thus guarantee compliance with the security standards and requirements that apply to the
international payment market. Further information can be found at
http://www.payon.com.
PAY.ON AG - Press contact:
Wilhelm Fuchs
Manager Global Press and Public Relations
Email: press@payon.com
Phone: +49(0)89-4523-0562
URL: http://www.payon.com
Source: PAY.ON AG
MUNICH, August 14, 2012/PRNewswire/ --
- PAY.ON AG integrates China UnionPay and ChinaPay into its routing gateway PayPipe
PAY.ON AG, the leading global service provider for worldwide payment processing,
extends the payment coverage of its routing gateway PayPipe to China. With immediate
effect, the gateway offers direct links to China UnionPay (CUP), one of the world's
largest credit and debit card organisations, and to the CUP subsidiary ChinaPay, the also
internationally well-known CUP card acquirer. Consequently, payment service providers and
their merchants in the USA, Europe and other parts of the world now get easy technical
access to the principal payment procedures of the world's second largest economy with
annual disposable income totalling EUR 290 billion and over 145 million active Chinese
online shoppers. Full details of PayPipe can be found at http://www.paypipe.com
With integration of China CUP and ChinaPay into PayPipe, PAY.ON has opened the gate
for payment providers to monthly several million cross border transactions by CUP card
customers. PAY.ON comprehensively meets the various technical requirements of all market
participants. Payment service providers (PSPs) and independent sales organisations (ISOs)
are linked to both Chinese market leaders via a simple PayPipe integration for global
transaction processing. PAY.ON provides also a dedicated link to China UnionPay for
acquiring banks and acquiring processors complying to all necessary technical and formal
requirements.
The high degree of relevance of cross-border e-commerce in China is also demonstrated
by the CUP expansion strategy. To boost the international attractiveness of its payment
methods, CUP currently allows PSPs and ISOs to become also a CUP acquirer itself in case
of their merchant portfolio is sufficiently promising - which is usually an exclusive
privilege of financial institutes. In the course of this transactions can be processed
easily via PayPipe. PAY.ON complements the new China connection with a comprehensive
on-site support. PAY.ON has its own operation in Asia since 2009 including account
management and customer services with well-established relations to all market players in
the Asia/Pacific region. "PAY.ON stands for fast and smooth execution of customer
requirements," says Dr. Tschangiz Scheybani, Managing Director of PAY.ON Asia. "Thanks to
our wide network of deep contacts with decision-makers, for example at operations like CUP
and ChinaPay, customers are able to drive their APAC strategy forward even faster."
PayPipe offers payment providers the opportunity to connect their payment system with
the processing platforms of several hundred other payment providers and more than 100
international payment method providers via only one single interface (API). The result is
a significant technical simplification in global transaction handling, which is
accompanied by considerable cost savings. Relevant payment partners not yet integrated
into the PayPipe network such as payment service providers, acquirers, payment method
providers and other financial institutions will be implemented into the routing gateway by
PAY.ON on a short-term basis.
Regarding processing infrastructure, PAY.ON operates one of the most state-of-the-art
data centres in the payment industry, which meets highest standards in terms of high
availability, productivity and operating continuity. The same applies to the security
concept meeting all the requirements of the Payment Card Industry Data Security Standard
(PCI DSS v2). The data centre itself is also ISO 27001 and ISO 9001 certified. The set-up
of the data centre is completely maintenance free and due to state-of-the-art
virtualisation seamless and freely scaleable. London as the data centre location, with its
direct and thus uninterrupted connection to the world's high-speed data highways to all
continents, also offers best performance conditions.
About PAY.ON:
PAY.ON AG is a world leading operator of payment infrastructure systems and supplier
of the white label platform PaySourcing and the routing gateway PayPipe. PaySourcing makes
it possible for customers to outsource all relevant payment and risk-management processes,
or procure them via cloud computing and thus become a payment service provider themselves
whilst saving costs, time and resources. PayPipe is a high-performance payment gateway
that connects all payment market participants with each other using just one interface.
Accordingly, PayPipe accelerates global availability for all market participants like no
other network. Using PayPipe, transactions can be processed online for all payment methods
in all currencies and across all systems. All PAY.ON systems are PCI-DSS-certified and
thus guarantee compliance with the security standards and requirements that apply to the
international payment market. Further information can be found at
http://www.payon.com.
PAY.ON AG - Press contact:
Wilhelm Fuchs
Manager Global Press and Public Relations
Email: press@payon.com
Phone: +49(0)89-4523-0562
URL: http://www.payon.com
Source: PAY.ON AG