Computop And Credorax To Facilitate Cross-Border Frictionless Payments Through Their Synergised Single Payment Processing & Aquiring Solution


Joint Global Merchants to Benefit from a Comprehensive Payment Architecture which Includes a Single Acquiring and Processing API, Contract & Platform

London  –  09 May, 2016 - Payment service provider Computop and global merchant acquiring bank Credorax have partnered to facilitate cross-border e-commerce payment solutions for global businesses.  Credorax’s ePower™ acquiring platform will be integrated into Computop’s payment platform Paygate, enabling Computop’s merchants to process payments made in all major currencies across the globe, all on a single platform. The system will go live end of Q2 and it will support Visa and Mastercard transactions globally.

The combination of Credorax and Computop technologies will provide users with a single payment and acquiring platform that offers local BINs for optimised interchange costs and approval rates.  The technology is flexible and can grow with the merchant’s changing business needs.  It enables processing in all major currencies and provides real time data analysis and a unique business intelligence (BI) platform that converts unstructured data into information that merchants can use to analyse and grow their businesses.  The solution will be supported with business services, tools and a full customer care programme.

Andre Malinowski, Head of International Business at Computop commented: “This partnership will enable merchants to process transactions internationally, reducing costs and card declines. We expect it to increase customer satisfaction, minimise chargebacks and improve conversion rates.”

He continued: “Computop chose Credorax due to its innovative acquiring solution that covers a range of continents and currencies on a single platform. By integrating Credorax into Computop Paygate, we are allowing merchants to take advantage of local and international acquiring while benefiting from our large scope of accepted local and alternative payment methods. That’s a worry-free payment solution for companies with global expansion plans.”

Koen Vanpraet, Chief Commercial Officer, Credorax, added: “Our ultimate goal with partners is to enable their merchants to increase profitability and we strongly believe that by combining both companies’ technologies and value-added payment solutions, this goal will be achieved quite nicely.”

About Credorax

Founded in 2008, Credorax is one of the first technology companies to have evolved into a licensed commercial bank that specialises in merchant acquiring, as well as the first bank developed specifically for the e-commerce sector.  Credorax is licensed in Europe to process across 36 EU & EEA countries as well as holds licenses in Asia and North America.

For further information please contact:
Computop media enquiries in the UK
Ascendant Communications
Charlotte Hanson, +44 (0) 208 334 8041
chanson(at)ascendcomms.net

Computop media enquiries in the U.S.
Ascendant Communications
Jessica Mularczyk, +1-508-498-9300
jmularczyk(at)ascendcomms.net

About Computop

As one of the very first payment service providers, Computop offers its customers around the world local and innovative omnichannel solutions for payment processing and fraud prevention. The internally developed Computop Paygate payment platform enables seamless integrated payment processes for e-commerce, at POS and on mobile devices. Retailers and service providers have the flexibility and freedom to choose from over 350 payment methods enabling them to specifically tailor their payment options per country. Technologies such as biometric authentication and self-learning algorithms improve security and convenience for retailers and consumers alike.

Computop, a global player with its head office in Germany and locations in China, England and the USA, has been servicing large international companies in the service, retail, mobility, gaming and travel industries for more than 20 years. These companies include global brands such as Amway, C&A, Fossil, the entire Otto Group, Sixt, Swarovski and Wargaming. Computop also provides its payment system to banks and financial service providers as a white-label solution. In total, the certified carbon-neutral company processes commercial payment transactions with a combined value of USD 35 billion annually in 127 currencies. With its individual and secure solutions, Computop makes a major contribution to the future of international payment processing.

Press contact

Jessica Mularczyk
Ascendant Communications for Computop

T  +1-508-498-9300
E   jmularczyk@ascendcomms.net
W ascendcomms.net