Computop Introduces Major New Updates in Computop Paygate Version 7.0


Computop, a leading global Payment Service Provider (PSP), has announced that its payment platform, Computop Paygate, which has been connecting customers, merchants and payment methods for over 20 years, is entering a new era with the launch of Version 7.0.

Delivering over 250 payment methods, more than 50 acquirer connections, providing protection against fraud and supporting many other payment transaction services, Computop Paygate has become the central interface for international e-commerce merchants and at the Point of Sale (POS). Version 7.0, which launches today, introduces multiple new features and improvements which include:

Fraud prevention

Machine learning moves into Paygate with ’Rule Based becoming Risk Based’. In the new version, static settings do not decide whether transactions are blocked. Instead, the probability of fraud is calculated for each individual transaction on the basis of past transactions and a judgement is made as to whether the transaction is executed or rejected. Due to the continuous expansion of the decision basis, the Paygate learns more and optimizes its calculations on a daily basis.

Data analysis

The integration of geodata, which has also been made available for payments in the past, enables merchants to better evaluate their transactions. The successive integration of additional external data sources delivers more exciting analyses, which help merchants to optimize their payments and address customers’ specific needs.

POINT OF SALE (POS)

The processing of worldwide payments from POS and e-commerce on a single platform has made Computop a pioneer in omnichannel payment. Alipay, WeChat Pay or instalment purchase by easycredit are just a few of the innovative payment methods at the POS. Simultaneously, Paygate 7.0 forms the basis for connecting the girocard network, which Computop will have built up by the end of the year.

GDPR

Version 7.0 includes an API that allows merchants to automatically delete customer-related data when a customer requests it. Transaction-related data is retained anonymously for analysis.

New payment methods

As with almost every monthly update, new international payment methods and acquirers are added into Version 7.0, with Swish, Kalixa, Nordea, b4payment or the TOTAL fuel card being examples.Computop Paygate Version 7.0 is generally available from 25th October 2018. Connected customers have been automatically activated. The new version is fully downward compatible, therefore there is no need for adaptation for merchants and banks.

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 and POS. Retailers, service providers and industrial enterprises 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 25 years. These companies include global brands such as C&A, Fossil, the entire Otto Group, Sixt, Swarovski and Wargaming. Computop, being ISO 27001 certified since 2021, 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 30 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
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