dankort Archives • CardFlash® - Payment Card Industry News

PayLane Announces Global Expansion

9, Country, Priority, UNITED STATESBy Robert McKinley 01/23/2013

PayLane has expanded its footprint internationally to businesses, allowing accepting online payments in 160 currencies from over 50 countries. They can now offer their customers alternative solutions typical for specific regions, like Sofort banking in Germany, Austria and Switzerland, wire transfers in Poland, Dankort in Denmark, Carte Bleue in France or iDEAL in the Netherlands. Also directed at shops that use e-commerce platforms, PayLane plugins e-shops built on Magento, OpenCart, osCommerce, Zen Cart, PrestaShop or Wordpress can easily integrate with the payment system. PayLane has also launched DevZone – a site for developers, which shows how the technical side of integration with PayLane looks like.

OGONE PAYMENT SERVICES APPOINTS BOARD MEMBERS

10, Country, Priority, UNITED KINGDOMBy Robert McKinley 12/06/2011

Ogone payment services announced the appointment of two new non-executive board members – Ali Kutay and Jay McGonigle. Kutay was most recently Senior Vice President at Oracle Corporation. Kutay was the Chairman and CEO of GoldenGate Inc. from 2004 until its acquisition by Oracle in September 2009. Previously, from 1999 to 2003, Mr. Kutay was the Chairman and Chief Executive Officer of AltoWeb, Inc., a provider of e-business infrastructure software. McGonigle is the former Chairman and CEO of the Corporate Executive Board Company and an adjunct professor at Georgetown University’s McDonough School of Business. He is currently Visiting Professor in the Department of Business Policy at the ESADE Business & Law Schools in Barcelona, Spain.

Ogone Payment Services acquires EBS online payment

10, Country, Priority, UNITED KINGDOMBy Robert McKinley 09/22/2011

Ogone Payment Services payment platforms embarked on the Indian payments market, acquiring EBS (E-Billing Solutions) online payment provider for undisclosed financial terms. This represents Ogone’s first acquisition and its first move outside the European market. EBS will continue to operate under its current management structure and market approach and will be responsible for running operations and the continued expansion of the company. EBS also retains its name and brand in the Indian market. The EBS board is supported by 3 members of the Ogone Payment Services Board. Ogone were advised on the deal by Brian, Garnier & Co, an independent pan-European investment bank focused on growth companies.

Silicon Valley Bank Launches Online Payment Service

9, Country, Priority, UNITED STATESBy Robert McKinley 08/30/2011

Silicon Valley Bank (SVB) introduced its service to allow its clients to accept 85 different online payment types from their customers globally. With SVB’s Global Treasury Platform, companies that sell their products and services globally, can collect payments in foreign currencies, and automatically deposit those funds into their SVB multi-currency or in-country accounts. SVB’s card processing services are provided through Merchant e-Solutions and Adyen, its international card processing partner. SVB clients now have the ability to accept electronic payments in local payment methods, such as credit or debit cards, PayPal, iDEAL, and Dankort among many others, in countries across Europe, North America, South America and Asia. With enhanced merchant services from SVB, companies will also reduce processing expenses and cross-border fees, at the same time covering PCI (payment card industry) compliance requirements.

Ogone Adds Amazon payment method to portfolio

10, BELGIUM, Country, PriorityBy Robert McKinley 06/29/2011

Ogone payment services payment services signed a product integration agreement with Amazon Payments to offer “Checkout by Amazon.” Launched in March 2011 to let Amazon customers make a purchase on a website using the delivery addresses and payment information stored in their Amazon account, “Checkout by Amazon” lets users shop securely on another retailer’s website without re-entering their delivery and payment information. Shoppers can complete purchases quickly without leaving the site which leads to a higher conversion rate and reduced drop off at the payment stage. Ogone’s PCI DSS compliant platform already boasts over 40 international and local online payment methods, allowing e-retailers to offer their customers unparalleled choice in how they want to pay.

vente-privee.com Implements Ogone Payment Services

10, BELGIUM, Country, PriorityBy Robert McKinley 06/14/2011

vente-privee.com online retailer has fully integrated Ogone’s payment processing platform into its own e-commerce solution.Through the vente-privee.com “Digital Commerce Factory,” users can run their online shops from conception and hosting (website and / or m-commerce) to the delivery of products with promotional and marketing activities. The Ogone payment services platform into its Digital Commerce Factory means vente-privee.com’s merchants will benefit from Ogone’s solid fraud prevention tools, including payer authentication, filtering and blocking mechanisms, and will be given the possibility to upgrade to the advanced module, FDMA (Fraud Detection Module Advanced) Check-List, a 65 criteria list for evaluating and/or scoring transaction trust and risk levels.

Ogone Expands payment services to Middle East

10, BELGIUM, Country, PriorityBy Robert McKinley 06/08/2011

Ogone global payment services platform is launching services in the Middle East through a partnership with CashU, a leading local payment method. With this, Ogone create d a colloquial version of its payment gateway, branded CPSP (cashU Payment Service Provider) to operate in Arabic and accept local currencies and payment methods. The move means that Ogone is now able to support payments in virtually any market across the globe. This will also provide local merchants across the Middle East CPSP’s PCI-DSS compliant online payment processing system to subsequently grow their e-Commerce businesses outside their home markets with the ability to securely process payments across the world.

PBS & CUP

5, Country, DENMARK, PriorityBy Robert McKinley 10/31/2008

Danish merchants are now able to accept the Chinese payment card China
UnionPay, a Chinese counterpart to the Dankort. The agreement between
PBS and the China UnionPay card, which has more than 1.5 billion cards
in circulation, makes it even simpler for Chinese visitors to spend
money in Denmark. Denmark has become a popular destination for Chinese visitors: according to VisitDenmark, in 2007 approximately 25,000 Chinese visitors to Denmark made use of commercial accommodation, accounting for a combined tourism turnover of DKK 124 million. Almost one in two of all Chinese tourists stay at expensive 4?5 star hotels and contribute an average of DKK 2,387 each day. The World Tourism Organization predicts that the total number of Chinese
tourists will rise to 100?120 million by 2020.

OGONE EXPANSION

5, BELGIUM, Country, PriorityBy Robert McKinley 05/13/2008

Ogone online payment processing organization has demonstrated a 40%
average annual growth over the past 5 years due to expansion in the
Netherlands, France, Germany, Switzerland and Austria, in addition to 20
other countries, for over 14,000 clients. This expansion calls for
subsequent measures such as an increase in staff for the promotion of,
and service provided for, European expansion and the development of new
products. To ensure proper management of these developments, the payment
processor has also appointed Peter De Caluwe from COO to CEO.

PBS Inks Acceptance Agreement With CUP

5, CHINA, Country, PriorityBy Robert McKinley 04/10/2007

As a means of extending its international network of countries and
merchants, China Unionpay has signed agreements with PBS. Because
of this development, 30,000 merchants in Denmark, Sweden, Iceland and
Norway under contract for international card acceptance with PBS will be
able to accept CUP. This is important considering the growing number of
tourists to the country, 1.3 million of which were European and is
projected that by the year 2020, China will have 100 million tourists.
Currently, CUP cards are accepted in European countries such as Germany,
The Netherlands, Belgium, Luxembourg, France, Italy and Spain. CUP has a
total of 23 branches and 180 members, among which 24 are overseas
financial institutions. PBS has 900 employees and handles over 1.3
billion card transactions annually.

More Payment Options Can Boost Online Sales by 20%

5, Country, Priority, UNITED STATESBy Robert McKinley 06/14/2004

A new study has found that adding more payment types can increase online conversion by 20%. The CyberSource research shows that merchants offering one payment type, such as general purpose credit cards, for example, convert 60% of their shoppers. But, those offering four types, e.g., credit cards, gift certificates, eChecks, PayPal, etc., convert 72% of their shoppers, for a 20% increase. According to the survey, 38% say they plan to investigate or offer a new payment method in the next 12 months. Methods they plan to implement first are: electronic checks (31%), PayPal or other non-card payments (26%), private label cards (19%), gift certificates (14%), instant credit (13%), and recurring billing (7%).

CyberSource Enables Cross-Border Sales

5, Country, Priority, UNITED STATESBy Robert McKinley 06/26/2003

CyberSource has launched “Global Payment Suite” for cross-border credit card sales which offers eight services including locally-preferred electronic payment types, dynamic currency conversion, fraud prevention, export and tax compliance tools. The Global Payment Suite eliminates the need for merchants to establish multiple international banking relationships and provides consolidated reporting and reconciliation of multiple country and multiple currency sales. Among the top seven European countries, 63% of eCommerce customers prefer to pay for their online purchases with local payment methods other than bank cards. The Global Payment Suite also provies some of the world’s most advanced fraud prevention tools including fraud screen and payer authentication technology.

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