Munich, 27.10.2010

PAY.ON supports Axcess Merchant Services Ltd. in online merchant business

PAY.ON AG, a leading provider of payment and risk management technologies and global processor of online payment transactions, will support Axcess Merchant Services Ltd. in their online merchant business. AMS, based in the UK, provides online merchants with a range of payment solutions, focussing on more well established merchants and tailoring solutions to suit their more complex business needs. Key is a commitment to not just offer a single payment solution, but the right solution to specific business needs.

Martin Greenbank, CEO of Axcess Merchant Services Ltd., announced: “After screening the white label internet payment gateway provider market, we decided to work with PAY.ON. In the past several years, PAY.ON continuously expanded its acquiring banking and alternative payment scheme network and has now the largest global network. Consequently, AMS will experience the advantage to be steadily introduced to new acquiring banks to expand its regional coverage and to be able to support merchants in previously uncovered regions. Another important aspect was the fact that the risk management set-up of PAY.ON’s Business Intelligence Platform (BIP) can be classified in different merchant risk groups suitable for all types of merchant businesses. This provides the convenience that any new merchant boarded can easily be assigned to the related risk management feature group and automatically inherit the specifically activated risk management features.

On top, the related Internet Payment Service Provider (IPSP) can - if he prefers to do so – bill each risk management feature used specifically to achieve a high level of transparency. We were also impressed from an operational point of view how fast it was possible - thanks to the flexible support of PAY.ON’s account management - to start boarding merchants and processing transactions in PAY.ON’s live- or production system.

Robert Kuzelj, CEO of PAY.ON AG, adds: “We are very happy to have won AMS as a new client. Thanks to our worldwide network of banking partners and connectors, we are ideally suited to support AMS in their growth.”