Munich, 22.06.2010

Experts for Experts: PAY.ON launches Executive Compendia

PAY.ON AG, leading provider of payment and risk management technologies and global processor of online payment transactions, publishes the first in a series of research reports. The “KYC Authentication Schemes” report covers 15 European countries. KYC (“know your customer”) is used to describe the due diligence and regulations for e-money institutions and other regulated companies (e.g. payment institutions, insurances) regarding the authentication of their customers before doing business. The report systematises identity authentication technologies and methods, provides an overview of local and international law frames, describes the identity authentication markets in the respective countries and provides information about the local schemes and active players. Its main objective is to disclose reliable authentication procedures for all companies affected with special forms on financial and payment service providers. The KYC report has been extensivly researched and is a unique information source for those requiring insight into the European authentication market. PAY.ON regards the third party authentication as a next step for financial and payment institutions to fully change to online service providers. Therefore, the main objective of the report is to disclose who in the respective countries offers a reliable authentication procedure to financial service providers (FSP) and individuals. Additionally, the study gives an overview of the main and most common methods of the third party authentication providers as well as an outline of the market conditions in each country.

PAY.ON will further publish reports focusing on two main issues: country reports covering schemes and institutions as well as special issues dealing with specific topics from the payment and banking industry and technology. Those fact-rich and transparent reports provide answers regarding market structures, competition and payment schemes that are important to decision makers. PAY.ON clients will benefit and profit from that special know-how by gaining a better understanding of markets and competitors. The reports are available online at www.payon.com/report in English only.

Nikolaus von Taysen, COO at PAY.ON, makes it a priority to share knowledge and provide PAY.ON clients with information: “In order to be successfully positioned in our rapidly developing business, it is crucial that our clients fully understand and know the local and specific schemes and market demands. We like to make sure PSPs have the specific know-how it takes to enter new markets. This is why we started and will continue to constantly and thoroughly research emerging as well as existing markets with regards to electronic payment. As experts in international payment markets, we are confident that the reports will serve as a practical guide.”