Vienna/London, March 30, 2021: The industry leading payment orchestration platform, IXOPAY has partnered with Vyne, the go-to payment provider for Open Banking.
The strategic partnership will see IXOPAY and Vyne provide clients with a payment solution that enables them to connect to the most relevant payment methods for the markets they sell in. Clients will have access to “direct from account” payments from across Europe with just one connection.
IXOPAY’s intuitive architecture gives merchants complete control of their payment stack by providing the best payment processing options per country, with intelligent routing, cascading, and unparalleled risk management function. As a best-of-breed payment orchestration platform, users benefit from simplified integration of acquirers, payment service providers, and risk service providers as well as centralized reconciliation and settlements services. All of this is provided from just one API.
Vyne uses open banking to power account-to-account payments for eCommerce businesses. Customers pay merchants directly from their bank account in seconds, bypassing expensive and slow traditional methods. It also eliminates the risk of chargebacks and allows users who do not have a credit card to make immediate payments.
Built by industry experts and payments practitioners, Vyne understands the problems merchants face today, and knows how to solve them. It is currently available across Europe and is connected to the most relevant banks in each jurisdiction.
“Open banking is revolutionizing how consumers make online payments, so we are super excited to offer our clients access to Vyne, a forward thinking provider with fantastic reach across Europe.” Said Rene Siegl, Founder and Executive Chairman of IXOPAY.
“Every merchant should be able to access faster, fairer, safer payments. Our partnership with IXOPAY, the leading payment orchestration platform, will empower more merchants to access better payments experiences for their business and their customers.” Added, Karl MacGregor, CEO at Vyne.
With one simple connection, IXOPAY clients will have access to open banking methods across Europe.
Getting paid online can be painful. It’s expensive, slow and a huge point of friction. Vyne solves these problems with instant account-to-account bank payments and seamless user experience. Vyne’s founding team has over 100 years combined experience working for the largest merchants and payments companies in the world and built Vyne to address the industry’s key problems.
With over 50 UK and 4,000 EU account provider connections, Vyne is driving the democratisation of open banking powered account-to-account payments across the eCommerce market.
Find out more about Vyne here.
IXOPAY is a payments orchestration platform enabling independent, flexible and global payment processing. As a highly scalable and PCI-DSS certified “fintech enabler”, IXOPAY fulfills the needs of large merchants as well as those of “white label” clients: payment service providers (PSPs), acquirers and independent sales organizations (ISOs). The modern, easily extendable architecture offers smart transaction routing & cascading, state-of-the-art risk & fraud management, fully automated reconciliation and settlements processing, comprehensive reporting as well as plugin-based integration of acquirers, payment service providers and alternative payment methods (APMs).
IXOPAY is part of the IXOLIT Group, founded in Vienna, Austria in 2001. With local entities in Austria and the USA, IXOLIT supports national and international customers across various industry verticals. The owner-led and -financed company has grown from 2 to more than 65 employees and is focused on building innovative solutions for eCommerce.
Please find more information about IXOPAY here.
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