App55 selects Credorax as preferred acquirer

Monday 3 February 2014 09:04 CET | News

App55, an online payments provider, has selected US-based Credorax, a provider of technology for the processing of online payment transactions and a Financial Institution licensed under the EU Payment Services Directive (PSD), as preferred acquirer.

Using a proprietary tokenization system, App55 Vault technology solution allows customers to pay online with any connected device through a single password. When card information is entered during the first purchase, App55 encrypts and stores it in their Vault, so from that point on, customers can pay online through any device by entering their password. The Vault is compliant with PCI-DSS standards.

Credorax provides online payment processing and acquiring bank services to online merchants worldwide. The company is a licensed financial institution and a Visa and MasterCard principal member.

App55 provides an outsourced payment service which enables merchants, website and mobile application developers to offer their customers payments for products or services via any internet-enabled device (web, smartphone and tablet) by entering their password.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: App55, Credorax, Acquirer, online payments, US
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce