Press Release

Munich, Bavaria ( connect2business.co.uk ) July 24, 2014 - PAY.ON AG, a world-leading operator of Web-based and omnichannel payment infrastructure services, has extended its Executive Board to include a third member. Tobias Schweiger has been appointed COO and CFO. His areas of responsibility include the ongoing expansion of the core business, the continued rapid penetration of the global market, and the corporate finance of PAY.ON AG. By extending its Executive Board, PAY.ON AG has responded to its above-target growth.

Tobias Schweiger brings extensive experience in business operations, finance, and strategy to the PAY.ON management team. Before joining PAY.ON, Tobias Schweiger was Senior Vice President Finance Operations at ProSiebenSat1 Media AG, and worked in strategy consulting at Roland Berger Strategy Consultants as well as product management at O2 Telefónica.

Markus Rinderer, CEO of PAY.ON AG: "We are very pleased to have brought such an experienced manager onto our Executive Board. By appointing Tobias Schweiger, PAY.ON has laid the foundations for managing its strong international growth even more vigorously than before. Furthermore, we hope to draw continued benefit from the consolidation of payment technology providers that is currently underway."

About PAY.ON AG:

PAY.ON AG is one of the world's leading operators of payment infrastructure systems, whose cloud services meet all of the needs and requirements of modern and globally connected payment processing. As a white-label provider, PAY.ON guarantees its clients (PSPs, ISOs, acquirers, and financial institutions) complete independence. The full range of the omnichannel PAY.ON platform allows users to activate an ad-hoc proprietary system with all relevant payment and risk management processes, including global connectivity and the latest fraud and charge prevention - which can be supplemented at any time to include external tools and market-tested PAY.ON services, such as quick merchant onboarding and mobile payment. Thus, business cases, no matter how complex they may be, can be implemented, expanded, or completely outsourced in a manner that saves time, money, and resources. The modular PAY.ON gateway enables direct access via a single proprietary API to more than 350 system-relevant payment providers around the world, including over 150 payment methods, for a prompt expansion of connectivity in existing systems. With this gateway, PAY.ON accelerates global provider availability like no other network. All PAY.ON systems ensure seamless compliance with internationally mandatory PCI and security standards, and are operated with high system availability via proprietary data centers. For further information, please go to www.payon.com.

Contact:

PAY.ON AG
Annett van de Bunt
T: +49 (0)89 4523 0552
E: press@payon.com
www.payon.com

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PAY.ON AG is one of the world’s leading operators of payment infrastructure systems, whose cloud services meet all of the needs and requirements of modern and globally connected payment processing. As a white-label provider, PAY.ON guarantees its clients (PSPs, ISOs, acquirers, and financial institutions) complete independence.

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