PAY.ON, a provider of white-label solutions to payment service providers and acquirers, has launched new open payment platform based on open API architecture.
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The new open payment technology will enable cost savings by reducing technical complexity and offering automated integration, removing bottlenecks to business growth for payment service providers, ISOs, acquirers, ISVs, and VARs.
The open model will make the entire platform accessible through one unified API to deliver tools for reporting, administration, and an open merchant dashboard besides providing access to a global payment network of over 300 alternative payment methods and local and international acquirers.
PAY.ON senior vice president product Wolfgang Berner said: "PAY.ON has developed Open Payment Platform to give payment service providers, acquirers, and other payment companies even greater flexibility and simplicity when they choose to outsource to one of our white label solutions.
"The unified open API gives our partners a powerful toolkit to grow their payments business, and to serve online merchants. Streamlined, automated processes remove bottlenecks, so that our partners can move quickly in a rapidly changing payments market."
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By GlobalData
