PAY.ON is opening a North American subsidiary, PAY.ON America, in New York.
This will enable PAY.ON to collaborate more efficiently with its North American clients, better meet growing demand, and market the advantages of the PAY.ON payment platform and one-API payment gateway.
PAY.ON is also laying the groundwork for the local creation and introduction of a number of products and services that are new to the North American payment market.
PAY.ON AG CEO, Markus Rinderer, says: “We are pleased to be able to provide our clients in the US and Canada with a simpler and more direct exchange effective immediately. As a global provider of white-label payment infrastructure, we offer payment providers every option for expanding their services quickly and in a targeted manner in any country or on any continent. In addition, PAY.ON is committed to the intelligent translation of complex technologies into simple, innovative solutions that meet and exceed all of today’s modern omnichannel payment and fraud management requirements – including simple integration and merchant onboarding. This is demonstrated by the multitude of renowned clients and exemplary products and projects in our more than decade-long corporate history.”
Managing Director of PAY.ON America Inc., Michael Doron, adds: “PAY.ON offers its clients expert partners who have years of experience at the highest level in understanding the needs and requirements of the North American market. This ensures that the focus of their advice and collaboration is on solutions and goals, no matter how complex the payment requirements. European and Asian clients can look forward to broader transaction processing in the US and Canada in the future thanks to the new US presence.”
Using Ripple's enterprise blockchain solutions, Standard Chartered has completed its first real-time cross-border payment for businesses with another major correspondent bank.
Three years on from being acquired by PayPal, Braintree, a company which allows merchants to process a range of different payments, has revealed the number of its payment transactions has increased by 25 times.
Fresh from its $4.5bn IPO, Nordic payments processor Nets has picked Spire as its partner to help with the physical roll out of mobile payments for Dankort customers.
Square has introduced a new update to its contactless and chip readers that reduces transaction speed to 4.2 seconds.