Paymill and PAY.ON Start Cooperation and Open Up New Customer Segments

MUNICH, January 15, 2013 /PRNewswire/ --

PAY.ON AG, a leading international provider of web-based payment infrastructure services, and the payment service provider Paymill have agreed on a strategic partnership: in its scope, Paymill will be leveraging PAY.ON technology to optimise its existing payment processes and increasing the choice of payment types selection for customers of listed merchants. In turn PAY.ON will benefit from access to new merchant segments that Paymill is acquiring due to its simple technological solution. Both companies will be looking to develop new customer segments.

Paymill gives online stores and service providers on the internet the ability to integrate card payments on their websites. The very simple API, the fast onboarding process and the transparent price, in combination with comprehensive customer support set Paymill apart from other popular payment providers. Integration of the service is substantially facilitated for merchants by simple copying and pasting of a few lines of code into the source code of their websites. The service includes providing of payment methods and secure payment processing in the background. Paymill is the first provider to have brought this simple and user-friendly technical solution to Europe and is now extending its lead with PAY.ON technology. Besides newly-developed workflows for simpler, direct integration of merchants, PAY.ON makes additional payment methods, such as direct debit and 3D Secure available to Paymill merchants.

Markus Rinderer, CEO PAY.ON AG: "Simple integration of familiar payment methods is the key to success for more turnover for online stores and an increasing number of SaaS providers. Consistent implementation of this fundamental principle currently makes Paymill a very popular payment service provider in the European area. We are really excited that collaboration with Paymill has given us this opportunity to establish a foothold with a new technology and a new payment service offering for merchants. For PAY.ON, this also means logging into an interesting, self-determined merchant community."

Mark Fabian Henkel, CEO Paymill: "Paymill offers its customers an innovative service that not only reduces the time required to integrate all common payment methods to a minimum, but also allows online stores full freedom in the design of the checkout process - without being forced to do without necessary PCI-DSS security aspects. In PAY.ON we have a strong partner at our side, whose experience will help to reliably drive our rapid growth and international expansion."

About Paymill:

Paymill GmbH was founded in Munich, Germany, in June 2012 by Mark Henkel. The management team is complemented by Dr. Stefan Sambol, Jörg Sutara and Kilian Thalhammer. The company currently employs 25 staff, mostly with a technical background. Paymill is active in 34 countries across Europe and other regions. For more information go to http://www.paymill.com

About PAY.ON:

PAY.ON AG is a global s leading operator of payment infrastructure systems and provider of the PaySourcing white-label platform, as well as the PayPipe routing gateway. PaySourcing allows customers to outsource all relevant payment and risk-management processes or to offer them in the cloud, and thus become payment service providers themselves in a cost, time and resource-saving approach. PayPipe is a high-performance payment gateway that connects all payment market stakeholders globally with a single API. Unlike any other network, PayPipe accelerates global availability for all market stakeholders. Transactions can be handled online by PayPipe across all payment methods, in any currency, and on any type of system. All PAY.ON systems guarantee compliance with the security and requirements standards in effect on the international payment market. For more information go to http://www.payon.com

Press contact PAY.ON AG:
Wilhelm Fuchs
Manager Global Press and Public Relations
E-mail: press@payon.com 
+49-89-45-230-562
http://www.payon.com

Press contact Paymill GmbH:
Nina Blasberg
E-Mail: presse@paymill.de
http://www.paymill.com

SOURCE PAY.ON AG