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.”