Payments

Paymetric Collaborates with Ingenico to Boost its Multicurrency Functionality

On 23rd July 2014, Paymetric, the global leader in integrated, secure electronic-payment management, announced a partnership with Ingenico Payment Services to enhance the multicurrency functionality of its catalog of payment solutions.

Paymetric’s innovative payment-acceptance solutions improve e-payment acceptance rates and reduce the scope and financial burden of PCI compliance. Several leading global brands rely on Paymetric for the only fully integrated, processor-agnostic tokenization solution, supported by dedicated customer service.

  • Paymetric says this strategic partnership further solidifies its position in the global market through an aggressive strategy to increase its international customer base.
  • The partnership builds on an already extensive payment-processor network.
  • It ensures that Paymetric users can work with the processor of their choice, the company’s press release states.
  • The collaboration also enables merchants to offer payment solutions to their consumers for every channel, including e-commerce and mobile apps.

“Partnering with Ingenico Payment Services enables us to provide our customers with extended international support,” states Asif Ramji, president and CEO of Paymetric, in a press release. “Many of our customers are leading global brands that leverage our best-in-class payment acceptance and data security solutions in multi-currency formats. As we continue to build out our solutions for international business, we can offer our clients the most robust offering in the industry.”

Some of Ingenico’s significant partnerships since November 2013: 

In November 2013, Ingenico partnered with Stratix, a managed-mobile-money-services outsourcer, to provide merchants with a completely managed mobile point-of-sale system. The platform comes with a support option that helps manage “per device” monthly payment plans.

In February 2014, Ingenico partnered with Samsung to offer a joint mobile payment solution that enables retailers and merchants to benefit from a seamless m-payment system – bringing together Ingenico’s merchant mobile platform and card readers with Samsung’s mobile devices and tablets. The combination of the Ingenico (financial institutions) and Samsung (telecommunication operators) channels to market will bring an end-to-end and secure m-payment offering to businesses of all sizes.

In March 2014, Ingenico entered into a partnership with PayEx to deliver a fully integrated mobile payment solution in the Nordics. The offering targets the Nordic retail and transportation sectors, where on-the-go payments are increasingly being required. It will also increase the range of PayEx terminals in use across the Nordics. The iSMP-based solution turns an iPod or iPhone into a PCI-approved chip-and-PIN mobile payment solution.

Toward the end of March 2014, Ingenico was selected by CardConnect to be its EMV chip-based payment-acceptance technology and P2PE (point-to-point encryption) co-development partner for CardConnect’s 50,000 merchant customers in the US. CardConnect will use the entire value chain of Ingenico’s payment platform, including Ingenico’s EMV- and NFC-ready payment devices and highly trusted On-Guard data-encryption solution. The all-integrated payment-processing offering will enable merchants to secure cardholder data. They can then conveniently accept all payment means across multiple channels, including mobile, in-store and unattended transactions.

Chiraag Patel

Chiraag Patel is a Senior Reporting Analyst and the Editor of Bitcoin and Virtual Currency channels at Lets Talk Payments. He is an engineer with deep interest in MMORPG, Virtual Banking, Game Currency and Virtual Cash. Chiraag enjoys Reading& Blogging with focus on New Innovation, Technology & Startups in the Payments Space.

Apply to Become a Contributor