iyzi Payments Enters Technology Cooperation in Turkey with PAY.ON

MUNICH and ISTANBUL, April 16, 2013 /PRNewswire/ --

+ iyzi Payments enables Turkish merchants with iyzico to access payments within minutes by copying ready-made widgets into the website source code

PAY.ON AG - a leading international operator of Web-based payment infrastructure services - and iyzi Payments have agreed on a strategic partnership: iyzi Payments is using PAY.ON's platforms to start the first full-service payment provider in Turkey. In addition, iyzi Payments is using PAY.ON's latest services to integrate online shops to their system within minutes, including activation of payment methods. In return, PAY.ON benefits from direct access to the Turkish market. Both companies are thereby creating new impetus for further growth.

With the iyzico service, iyzi Payments now offers the quickest and simplest way of accepting online payments for Turkish online shops and service providers. To this end, retailers merely have to copy and paste a few lines of code into their website source code. To customise the payment process a library of ready-made widgets are available, which can be adapted to the merchant's own specifications in a fully flexible manner. Alongside the extremely simple API, iyzico also impresses with a quick onboarding process and a highly transparent pricing model. The service includes credit and debit card payments, including 3D Secure, and PayPal. iyzi Payments is thus making an innovative and especially customer-oriented payment solution available for online shops in Turkey.

Markus Rinderer, CEO at PAY.ON AG: 'Turkey offers huge potential for e-commerce and, in iyzi Payments, we are delighted to have a powerful partner at our side that makes technical innovation available to retailers in Turkey. For online shops the simple integration of familiar payment methods is the most effective key to more sales - iyzi Payments makes this principle a reality. Furthermore, with iyziconnect, a routing gateway from iyzi Payments that is specifically aligned to Turkey, PAY.ON gains entry to the Turkish market. Via our payment gateway PayPipe, our PSP and ISO clients thus have direct accesses to the most popular Turkish payment methods. PAY.ON is hereby systematically furthering its continued global expansion.'

Barbaros Özbugutu, CEO at iyzi Payments: 'With iyzico, we are offering online shops a completely new payment service in Turkey. The benefits: the integration time for payment methods is reduced to a minimum and, at the same time, our retailers have complete freedom in designing their checkout processes - in full compliance with all security aspects related to PCI DSS. With PAY.ON, we have the world's leading infrastructure provider at our side, whose innovative technologies we can use to efficiently bring our PS onto the market and create the desired added value for our retailers and their customers.'

About iyzi Payments:

iyzi Payments was established in 2012 in Istanbul, by Barbaros Özbugutu and Tahsin Isin, who had significant careers in prestigious European e-commerce companies such as Firstdata, ClickandBuy, and Klarna. With iyzico, iyzico Plus and iyzico Premium, the company provides easy and secure payment system management platforms for e-commerce companies of all sizes and from all areas and, with iyziconnect, offers a routing module that enables payment transactions to Turkey via one interface: a payment bridge to Turkey for payment service providers and international merchants. iyzi Payments will make everyone's world less complicated, thanks to its team of dedicated e-commerce experts and its innovative platform adapted to the Turkish market. Further information at http://www.iyzipayments.com

About PAY.ON:

PAY.ON AG is the world's leading operator of payment infrastructure systems and provider of the PaySourcing white-label platform, as well as the PayPipe routing gateway. PaySourcing makes it possible for customers to outsource all relevant payment and risk management processes or obtain them via the cloud, and thus become a Payment Service Provider in a cost-, time- and resource-saving manner. PayPipe is a high-performance payment gateway that links all payment market participants to one another globally via a single API. PayPipe thereby accelerates global availability for all market participants like no other network. Transactions can be appropriately processed online via PayPipe for all payment methods in any currency across all systems. All PAY.ON systems guarantee compliance to the security standards and requirements in force for the international payment market. Further information at http://www.payon.com

Press contact PAY.ON AG:
Wilhelm Fuchs
Manager Global Press and Public Relations
press@payon.com
http://www.payon.com

Press contact iyzi Payments:
Murat Demirok
Tel.: +90-(0)533-730-5853
Email: muratdemirok@f5-pr.com
http://www.iyzipayments.com

SOURCE PAY.ON AG