Optimal Payments launches payment processing, fraud management system for Magento

Wednesday 11 December 2013 08:26 CET | News

UK-based online payment services provider Optimal Payments has launched an integrated payment processing and fraud management solution for online retail clients of Magento, an e-commerce platform owned by eBay.

Under the agreement, Optimal Payments becomes a Magento Silver Industry Partner. The program allows technology companies to reach market and provide solutions to Magentos ecosystem of e-commerce developers and merchants.

The Magento Optimal Payments Extension, software downloaded from Magento Connect, provides connectivity to Optimal Payments NETBANX payment gateway. It is compatible with Magentos Community and Enterprise editions and provides merchants with processing system including integration with ThreatMetrix fraud management tools. Merchants are able to reduce fraud by automatically holding, flagging and/or denying suspicious orders before a shipment is made.

Magento merchants will benefit from the integration of the NETBANX gateway with Silent POST technology. This enables the capture and processing of credit card and cardholder data in Optimal Payments PCI Level 1 compliant environment with no payment information stored locally on merchants servers reducing their PCI compliance requirements.

In recent news, Optimal Payments and 888, an online gaming entertainment and solutions provider, have extended their alliance to offer an integrated suite of payment processing services for the licensed US online gaming market.

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Keywords: Optimal Payments, payment processing, fraud management system, Magento, eBay, online retail
Categories: Fraud & Financial Crime
Countries: World
This article is part of category

Fraud & Financial Crime

Industry Events