Following this announcement, the combined enterprise is expected to be called IXOPAY, a TokenEx Company. Customers and clients will also be given the possibility to benefit from a comprehensive platform, while the solution will enable increased authorisation rates and decreased interchange fees for merchants, along with a suite of PCI-certified secure payment data.
The IXOPAY TokenEx will provide customers and merchants with a complete omnichannel payments optimisation platform with improved tokenisation and intelligent transaction rooting, aiming to deliver control over customers’ revenue and the competitive edge to develop and grow in an ever-evolving global commerce market.
The merger is set to combine the expertise and suite of solutions of the companies, as well as TokenEx’s knowledge in tokenisation of payment data and IXOPAY’s payments orchestration tools, including transaction routing and reconciliation capabilities. The firms will focus on providing merchants with the possibility to develop a payment strategy that improves the use of multiple payment processors in order to optimise both bottom-line results. TokenEx and IXOPAY will also prioritise the process of meeting the needs, preferences, and demands of customers in the ever-evolving market, while also remaining compliant with the regulatory requirements and laws of the industry.
In addition, the merger is set to also deliver a complete unified payments platform, including omnichannel tokenisation, payment orchestration, and card lifecycle management.
Universal Tokens were developed in order to enable merchants and traders to use one payment token for in-person and online transactions, as well as all payment processors. This will eliminate storing payment data in several systems, while also reducing system complexity and providing unified customer data. In addition, the payment orchestration platform was designed with merchants and traders in mind in order to deliver intelligence routing, cascading, and secure risk management functions. Furthermore, the solution delivers centralised reconciliation and settlements, alongside plugin-based integrations of over 200 acquirers, alternative payment methods, and other payment service providers.
In addition, a complete set of capabilities will be delivered through the merger, aimed to be leveraged for managing the entire transaction lifecycle at scale. This will include updating expired cards, streamlined routing with BIN Lookup, utilising the efficiency of network tokens, as well as authenticating transactions with 3D Secure.
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