Ixaris will demonstrate and launch a new
payments software at FinovateEurope in February 2012.

The e-payment solutions provider will unveil
its new solution designed for merchants and financial services
providers that require customised solutions based on prepaid
payment programmes.

Ixaris said this will be the latest in a line
of payment innovations for Ixaris’ open payment platform, Opn.

“Our latest solution is our most powerful yet
and I am excited about its potential to shake up the prepaid card
market in 2012,” said Alex Mifsud, CEO of Ixaris.

Ixaris said it has issued millions of virtual
and plastic cards to customers from over 120 countries, handling
over 2.2 million transactions in 2010, totalling over $200m in
volume that generated $13.6m in revenue.

The company said this led to an 85% increase in revenue from the
year ago period.

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