NETHERLANDS | PaySquare, the Dutch based merchant acquirer, is now available on PAY.ON's platform for processing of Visa, MasterCard, Maestro, JCB, Discover and Diners Club card-not-present transactions. Payment Service Providers and Gateways using the services of PAY.ON can now tap into the card processing services of one of the leading acquirers in the Benelux.
Card Acquirer PaySquare
Equens' subsidiary PaySquare has recently merged with German-based card acquirer montrada GmbH (read article). The new PaySquare SE processes a total of 262 million debit and credit card transactions annually for more than 120,000 customers in the Netherlands, Belgium, Luxembourg, Germany, Poland, Austria, the United Kingdom and Switzerland. PaySquare enables merchants to accept 30 foreign currencies and make payments in ten different currencies. In January it revealed its new corporate identity forthcoming the merger.
PAY.ONs Platform empowers PSPs and Acquirers
PAY.ON delivers white-label payment infrastructure systems to enable providers to outsource their entire payment processes or to integrate specific processes into their existing system. PAY.ONs platform and gateway are available to payment providers as Platform as a Service (PaaS). Besides delivering the connections to most card and alternative payment methods and omnichannel processing, PAY.ON also provides additional services like fast on-boarding and fraud prevention tools. Both Payment Service Providers and Merchant Acquirers are able to benefit from PAY.ON's payment processing technology, over 350 provider connections and proprietary products like Dynamic Checkout and COPYandPAY.
More Merchant Acquirers are lined up
Back in April this year it was announced that EVO Payments International, a US/Canadian based card acquirer, also teamed up with PAY.ON to specifically develop merchant acquiring solutions aimed for Small and Medium sized merchants. The new solution will be available in Europe, initially in Germany, Austria and the Netherlands. With this month's release, PAY.ON has also completed the connection to HSBC Global Payments. Via this UK-based acquirer, Payment Service Providers can now process card-not-present credit card (Visa and MasterCard) and debit card (Maestro) payments in all currencies, via e-commerce, mobile as well as Mail Order/Telephone Order (MOTO) channels.
Sourced from PAY.ON, June 4th, 2014