M2 Global launches e-commerce payment gateway

Source: M2 Global

M2 Global (BSX:M2G) the financial transaction and processing technology company, announced today that its M2 Financial division is introducing a comprehensive and customizable e-commerce payment gateway designed to meet the international e-commerce needs of banks and financial institutions who are building their internet based merchant acquiring.

Called AcqENGIN, the product builds on M2's 22-year history developing and licensing ENGIN, the global standard in message brokering and transaction technology.

M2 Financial's Merchant Services provide the bridge between acquirers and Internet based customers who need merchant accounts and ensures the easiest and fastest way to begin earning revenue from international e-commerce. AcqENGIN allows M2 to offer high volume Internet merchants credit card processing anywhere in the world all managed from a central web based portal that provides reporting and security management tools that lead the industry.

"The growth and enhancement of M2's experience and technology allows us to provide a flexible, secure and scalable internet-based acquiring solution for banks around the world," said Sean Forward, managing director for M2's Merchant Services. He added, "With both ASP and licensing options, it is easy to get started and allows banks to efficiently manage portfolios of high-volume merchants with simple but powerful web based tools."

AcqENGIN includes a multitude of options for banks and delivers all the vital processing components required for online business, including multiple currency acceptance, patented card-integrated technology, settlement reporting, chargeback and re-presentment automation, patented fraud protection tools and much more. AcqENGIN is part of the suite of the M2 integrated products that include authENGIN and HealthENGIN. AuthENGIN, fully integrated with acqENGIN, is a comprehensive solution for prepaid cards supporting Visa, MasterCard, gift cards and proprietary card services. HealthENGIN provides healthcare insurance carriers a complete suite of Health EDI solutions.

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