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PAY.ON and Elavon cooperate to market their payment services
PAY.ON AG, a leading supplier of online payment and risk management technologies, and Elavon, a wholly owned subsidiary of U.S. Bancorp (NYSE:USB) and a leading global card acquirer, announce a cooperation to market their global payment services.
In cooperating, the two companies not only maximise their services but also manifest their global coverage. As a leading online payment technology provider and processor of payment transactions, PAY.ON serves its clients throughout the world with more than 140 different payment systems and connects on average 3-4 connectors every 4-6 weeks thereby offering a
magnitude of payment methods. Typical clients of PAY.ON are leading payment service providers, payment scheme suppliers, acquirers, remittance providers, and risk management providers. With Elavon, the Company has forged a global relationship offering services that support the strong technology of PAY.ON.
The clients of PAY.ON have access to Elavon's robust and secure payment platform that supports multi-currency and cross-border payment solutions for a number of industry segments such as retail, international sales trade, airlines, tourism, hotels and catering services. Elavon offers traditional and alternative payment methods and supports card-not-present-solutions from Visa & MasterCard as well as international and domestic debit cards such as Maestro, ec-cash, Electron, and V-Pay.
PAY.ON serves PSPs throughout the world with more than 140 different payment systems and provides Elavon an opportunity to continue expanding its global reach. In addition, PAY.ON and Elavon are in the position to offer localised services adapted to the individual market's requirements. Therefore, both companies are able to penetrate new geographical as well as industrial markets. PAY.ON has recently opened a new office in Hong Kong and is well connected throughout Asia.
Robert Kuzelj, CEO of PAY.ON comments: 'PAY.ON enhances once more its global partner network. We are very pleased to add Elavon's merchant processing services to our payment platform. Both companies will benefit from synergy effects. The leading technology of PAY.ON combined with the competitive services of Elavon enable both companies to maximise their market potential. This will allow PAY.ON to further support its clients in becoming more active cross-border.'
Susanne Jenz, Head of Indirect Sales of Elavon adds: 'As a globally acting technology provider, PAY.ON is a perfect match for us. Elavon not only offers the PSPs of PAY.ON a solid range of services, but also individual models of cooperation. We are very pleased to offer our services to the PSPs of PAY.ON.' 10.09.2009, Annett van de Bunt, PAY.ON
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