Press Release

Munich, Bavaria (connect2business) April 2, 2014 - + PAY.ON creates a new range of services for North and South America with the opening of its subsidiary PAY.ON America Inc. in New York

PAY.ON AG, one of the world's leading operators of Web-based and omnichannel payment infrastructure services, is opening a North American subsidiary, PAY.ON America Inc., in New York. This will enable PAY.ON to collaborate more efficiently with its North American clients, better meet growing demand, and market the advantages of the PAY.ON payment platform and one-API payment gateway. PAY.ON is also laying the groundwork for the local creation and introduction of a number of products and services that are new to the North American payment market. In addition, North American payment providers will benefit from the best transaction links to South America, Europe, and Asia.

With the opening of the North American subsidiary, PAY.ON is laying a solid foundation for its expansion in the USA and Canada. PAY.ON America Inc. is headed by well-known US industry experts Michael Doron (Managing Director, formerly Director Sales at Ogone) and Adam Bowman (Vice President of Sales and Business Development, previously Head of Sales and Business Development at OmniPay).

PAY.ON has a global payment network of over 350 payment providers in more than 100 countries, and that covers more than 150 international, national, and local payment methods. Of particular relevance for the North American market are the broad transaction links to South America, Europe, and Asia. The modular PAY.ON payment gateway enables the rapid expansion of existing systems via a proprietary API connection. Additionally, the omnichannel PAY.ON payment platform offers clients a fully functional white-label system with all relevant payment and risk management processes, including the latest fraud and chargeback prevention. Furthermore, PAY.ON innovations, such as fast and simple merchant onboarding, dynamic payment pages, and various mobile payment solutions, can be activated on a modular basis. With PAY.ON business cases of any complexity can be realized in a time and cost saving manner. All PAY.ON systems guarantee seamless compliance with all PCI and security standards and are operated with high system availability via PAY.ON's own data centers.

PAY.ON AG CEO, Markus Rinderer, says: "We are pleased to be able to provide our clients in the US and Canada with a simpler and more direct exchange effective immediately. As a global provider of white-label payment infrastructure, we offer payment providers every option for expanding their services quickly and in a targeted manner in any country or on any continent. In addition, PAY.ON is committed to the intelligent translation of complex technologies into simple, innovative solutions that meet and exceed all of today's modern omnichannel payment and fraud management requirements - including simple integration and merchant onboarding. This is demonstrated by the multitude of renowned clients and exemplary products and projects in our more than decade-long corporate history."

Managing Director of PAY.ON America Inc., Michael Doron, adds: "PAY.ON offers its clients expert partners who have years of experience at the highest level in understanding the needs and requirements of the North American market. This ensures that the focus of their advice and collaboration is on solutions and goals, no matter how complex the payment requirements. European and Asian clients can look forward to broader transaction processing in the US and Canada in the future thanks to the new US presence."

Press contact:

PAY.ON AG
Annett van de Bunt
Head of Marketing
M: press@payon.com
M: newyork@payon.com
P: +49 89 45230 552
www.payon.com

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Organisation Profile:
PAY.ON AG is the world’s leading operator of multichannel payment infrastructure systems and supplier of the white-label platform PaySourcing and the routing gateway PayPipe. All PAY.ON systems guarantee compliance with the security and requirements standards that apply to the international payment market. Further information can be found at www.payon.com