PayCommerce has selected Software AG’s Digital Business Platform to expand its cross-border payments network.
The selected platform is a service-oriented, event-driven and API-capable development environment with many ready-to-use application services, including webMethods and Apama Big Data streaming analytics.
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webMethods supports the development of integration and process services and connects all of PayCommerce’s applications and systems while Apama enables PayCommerce analysts to monitor, analyze, and act on fraudulent or abnormal behavior before any harm is done, the German software vendor said.
PayCommerce CEO and founder Abdul Naushad said: "The PayCommerce Network enables the only open cross-border electronic payments network by connecting global financial institutions with corporates and regional payment systems on a single platform.
"Software AG provides us with a solid and secure integration platform from which to work. Most importantly, the platform provides capabilities for improving international B2B, B2C and C2B transactions from initiation to settlement processing, compliance screening, reconciliation and reporting. Our payment solutions enable our customers to streamline their payment processes by helping them manage financial risks, reduce costs by up to 80%, and improve their treasury functions."
Software AG chief customer officer Eric Duffaut said: "PayCommerce’s growth story is amazing. With leading customers from Fortune 100 companies and top global financial institutions, PayCommerce is providing sustained innovation throughout an intelligent payment industry ecosystem. We are proud to contribute to their outstanding success with our Digital Business Platform."
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By GlobalDataPayCommerce provides an enterprise payment hub and global network that enables cross-border payments to and from 72 countries, transacting in 80 plus currencies.
