Digital River World Payments, a global payments service provider, announced it has partnered with ACI Worldwide.
By integrating its online payments platform with the ACI PAY.ON Payment Gateway, Digital River World Payments is extending its reach even further into international geographies, including Latin America and Europe. The partnership has activated additional bank connections, payment features and alternative payment types to expand the mix of regional payment options that Digital River World Payments offers its merchants.
“We have built ecommerce payment gateway connections to more than 350 card acquirers and alternative payment methods in more than 160 countries,” said Markus Rinderer, senior vice president, ACI Worldwide. “Working with Digital River World Payments, we provide merchants with an enhanced online payments solution that grants access to new payment types more quickly, speeds time to market and accelerates entry to more geographies.”
Research indicates that cross-border ecommerce is expected to reach $300 billion by 2018. The challenge, however, is that many companies are unprepared to meet the needs of the global online shopper, which includes making it easier for them to shop outside their home country by offering an optimal mix of locally preferred payment options at checkout.
“A diverse payments gateway with a varied portfolio of bank connections and payment types can help merchants make deeper inroads into geographic markets across the world as well as ensure that this important step of the customer journey – the payment – is free of friction,” said Hayden Reed, senior vice president and general manager of Digital River World Payments. “Our expanded gateway solution gives merchants more optionality in tailoring their global payment programs to meet their unique business requirements, international growth plans and sales goals.”
Contributed | what does this mean?