PSPs, Gateways, risk and fraud engines, APMs (alternative payment methods), are unlikely to be older than 20 years and those that are have been revamped and modernized since inception. But for card payments, which still have the majority share of online payments, the last mile of delivery is processed via platforms that are at least 20 years old. This limits them in terms of the data they can carry, the functionality they can provide, and makes them cumbersome to work with. In many cases, valuable information provided by the card networks is dropped or distilled and acquirers and merchants cannot react to auth/decline/chargeback reason codes and lack an accurate view of scheme/network costs.

Silverflow solves these issues. Through a single API, users can establish or retain an existing commercial agreement with any acquirer without having to connect to that acquirer’s legacy platform. Once the acquirer’s BIN/ICA is loaded onto the Silverflow platform, card processing becomes available to those users as well as full data and cost transparency coupled with simple, fast onboarding and advanced chargeback handling. Scheme updates, mandates, and innovation are deployed at speed on Silverflow’s platform.

IXOPAY clients, such as financially licensed institutions, payment service providers, and ISOs, will benefit from state-of-the-art cloud based acquiring, cascading, and unparalleled risk management functions. From one platform, users benefit from simplified integrations of acquirers, payment service providers and risk service providers.

Said Rene Siegel, Founder and Chairman of IXOPAY

Added Anne Willem de Vries, Co-Founder and CEO of Silverflow

IXOPAY is a payments orchestration platform enabling independent, flexible and global payment processing. As a highly scalable and PCI-DSS certified “fintech enabler”, IXOPAY fulfills the needs of large merchants as well as those of “white label” clients: payment service providers (PSPs), acquirers and independent sales organizations (ISOs). The modern, easily extendable architecture offers smart transaction routing & cascading, state-of-the-art risk & fraud management, fully automated reconciliation and settlements processing, comprehensive reporting as well as plugin-based integration of acquirers, payment service providers and alternative payment methods (APMs).

IXOPAY is part of the IXOLIT Group, founded in Vienna, Austria in 2001. With local entities in Austria and the USA, IXOLIT supports national and international customers across various industry verticals. The owner-led and -financed company has grown from 2 to more than 65 employees and is focused on building innovative solutions for eCommerce.

Please find more information about IXOPAY here: www.ixopay.com

Silverflow is a global payments technology company, founded by online payments industry veterans, with the mission to accelerate technological innovation in the payments industry. Silverflow’s cloud-based platform provides a state-of-the-art upgrade and direct access to the card networks for payment services providers, merchants and acquirers. Its intuitive product and scalable technology brings value, creates efficiencies, and drives new opportunities for all. Based in Amsterdam, Silverflow is backed by Crane Venture Partners, INKEF Capital and notable angel investors from Pay.On, First Data, Mastercard, Booking.com and Adyen.