Global Routing Gateway ‘PayPipe’ Accelerates Payment Handling Worldwide for the Entire Payment Market
MUNICH, Germany, August 2, 2012 /PRNewswire/ –
The electronic payment market continues to experience rapid growth. According to the
Capgemini market forecast, global transaction volume will reach over 30 billion
transactions in the e-commerce market alone by 2013 – compared to 17.9 billion in 2010.
Visa reports that in 2011 every seventh Euro in Europe was paid by card; in 2000 this
figure was every 18th Euro. More and more new and alternative payment methods are
appearing alongside with the growing popularity among customers of online shopping and
paying cashless at the POS. Moreover, these payment methods are tailored to specific user
profiles or adapted to country-specific characteristics on account of lower credit card
density, for instance. Market growth thus leads to greater complexity as well as a lack of
transparency. Merchants and online services are simultaneously fast-tracking their
international expansion. Consequently, payment service providers (PSP) need to expand
their service to include more international payment options and acquirers. However, their
connection to a PSP system is technically complex and, in most cases, requires several
months. The ‘PayPipe’ routing gateway operated by PAY.ON offers a global solution
addressing both challenges.
‘PayPipe’ is a high-performance gateway that can be used by payment market
participants to handle their transactions across the world. The API provided allows
customers to connect automatically to all the systems currently operated by several
hundred payment providers – from PSPs, acquirers and scheme operators to risk management
providers and other financial institutions. These include over 100 different payment
methods with global, continental and national payment coverage – from credit and debit
cards (e.g. Visa, Mastercard, Maestro) and alternative payment methods (e.g. Giropay,
PayPal, Click&Buy, instant transfer) to region-specific systems such as WebMoney.
Transactions can be handled online via ‘PayPipe’ for all payment methods in all currencies
and across all systems. As the largest routing gateway, ‘PayPipe’ accelerates global
availability for all market participants like no other network.
As a routing gateway, the added process-related value of ‘PayPipe’ lies in its
simplification of the entire transaction process. Instead of each provider having to set
up a separate interface as is customary, ‘PayPipe’, as the gateway, handles all
transactions for all business partners centrally via one API only. Customers therefore
derive significant cost and time-to-market benefits. Customer expenditure is thus limited
only to the selection of processing partners and includes the drafting of the respective
contract. Transaction senders (distributors, predominantly PSPs) connect to the ‘PayPipe’
gateway within a week, including validation, certification, plausibility checks and
subsequent test runs, and are then able to handle transactions straight away. If
transaction recipients (suppliers such as acquirers, scheme operators) required by
customers are not yet part of the ‘PayPipe’ network, these are connected to the gateway by
the operator PAY.ON within six weeks. PAY.ON thus honours its service promise to make
connections faster than it is customary in the market.
In addition to its functions and service, ‘PayPipe’ is a payment marketplace where
products and services are offered worldwide and can thus also be advertised across
national boundaries. Consequently, the ‘PayPipe’ provider portfolio includes, alongside
various payment providers, a large number of risk management providers, whose service
covers all risk and chargeback management interests. Customers receive support from the
‘PayPipe’ management team in their identification of the right strategic partners.
Customers also benefit from an efficient conclusion of contracts with respective partners
on account of their network affiliation.
‘PayPipe’ supports and transfers all possible formats (e.g. XML, GICC, URL/via GET)
and transaction types (including pre-authorisation, capture, debit, credit, 3-D Secure,
refund, reversal) in the context of electronic payment handling. All ‘PayPipe’ systems are
Payment Card Industry Data Security Standard (PCI-DSS v2) certified and are operated using
a high-availability infrastructure. As such, safe and reliable processing of payments is
guaranteed at all times. The ‘PayPipe’ routing gateway is available exclusively to payment
infrastructure providers such as PSPs, acquirers and scheme operators. PAY.ON’s market
position is therefore neutral in relation to its customers as well as to merchants and
- Largest routing gateway for all types of payment providers worldwide - One API for processing any number of payment partners - Specialist in payment processing and integration of payment market participants - Swift integration of customer systems into the 'PayPipe' gateway - Worldwide, transparent marketplace for payment products and services - Cooperation advice from 'PayPipe' management teams - Support and fulfilment of all payment and PCI-specific requirements
Further information can be found at http://www.payon.com. [http://www.paypipe.com ]
PAY.ON AG is the world’s 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 across the world via a single interface. Accordingly, ‘PayPipe’ accelerates global
availability for all market participants like no other network. ‘PayPipe’ allows
transactions to 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. [http://www.payon.com ]
PAY.ON AG - Press contact: Wilhelm Fuchs Manager Global Press and Public Relations Phone: +49-89-45-230-562 Email: firstname.lastname@example.org URL: http://www.payon.com
SOURCE PAY.ON AG