Under the terms of the deal, PAY.ON is to support ClickandBuy activities with its global payment outsourcing platform PaySourcing. ClickandBuy is to implement the platform for global payment transaction clearing and fraud prevention. ClickandBuy has already incorporated PAY.ON technology for payment transactions in Brazil.
With the PAY.ON PaySourcing and PayPipe products, payment service providers, payment scheme suppliers and financial institutions can outsource their technical transaction processes. The ClickandBuy system includes active fraud screening services, multi-currency conversion, VAT tax calculation and collection services. ClickandBuy users can pay for online purchases via direct debit, credit card, invoice or prepaid account. The service also provides an overview of open transactions, current subscriptions and invoices.
ClickandBuy has recently entered an agreement with German online retailer of notebooks, accessories and PC hardware Notebooksbilliger.de to provide the latter with online payment services.
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