TokenEx and IXOPAY to Merge, Enabling Merchants to Optimize the Use of Multiple Payment Processors
April 17 2024 - 12:00AM
TokenEx, the leading cloud tokenization provider, and IXOPAY, the
leading independent payments orchestration platform, today are
announcing their definitive agreement to merge, creating a new
leader in global payments optimization. The combined company will
be called IXOPAY, a TokenEx Company, and Marc Olesen will lead the
combined organization as CEO. Customers will benefit from a
comprehensive platform that enables increased authorization rates
and decreased interchange fees for merchants, along with
PCI-certified secure payment data.
This merger brings together the strengths of
TokenEx’s expertise in tokenization of payment data, and IXOPAY's
world-class payments orchestration, including transaction routing
& reconciliation capabilities.
“This merger marks a significant milestone in the
payments industry,” said Marc Olesen, CEO. “By joining forces,
IXOPAY, a TokenEx Company is uniquely positioned to help merchants
develop a payments strategy that optimizes the use of multiple
payment processors to enhance both top and bottom-line
results.”
TokenEx’s merger with IXOPAY marks a pivotal step
in the transformation of the payments industry toward supporting a
multi-processor approach to payments, delivering a complete unified
payments platform that includes:
- Omnichannel
Tokenization — Universal Tokens enable merchants to use
one payment token for in-person and online transactions and all
payment processors. This eliminates storing payment data in
multiple systems, reduces system complexity, and provides unified
customer data.
- Payments
Orchestration — This highly scalable payments
orchestration platform for merchants delivers intelligent routing,
cascading, and state-of-the-art risk management functions as well
as centralized reconciliation and settlements along with
plugin-based integration of over 200 acquirers, Alternative Payment
Methods, and payment service providers.
- Card Lifecycle Management
— A complete set of capabilities for managing the entire
transaction lifecycle at scale, including updating expired cards,
leveraging the efficiency of network tokens, streamlined routing
with BIN Lookup, and authenticating transactions with 3D
Secure.
“By merging with TokenEx we not only bring together
our unique capabilities to become the most comprehensive payments
platform for global merchants, but we can also utilize the
expertise of the TokenEx team to provide first-class service to our
primarily European customers in the U.S. market,” said Rene Siegl,
Founder and Executive Chairman of IXOPAY. “For merchants who value
the competitive advantage that comes with treating payments as
strategic, IXOPAY, a TokenEx Company will ultimately deliver a
complete omnichannel payments optimization platform with
best-in-class tokenization and intelligent transaction routing —
giving merchants unprecedented control over their revenue and the
competitive edge to thrive in global commerce.” Both Rene Siegl,
Founder and Nathalie Siegl, CEO will remain with IXOPAY, a TokenEx
Company as executives.
About TokenEx
TokenEx is a cloud tokenization and payment
optimization provider committed to helping organizations safely and
compliantly process and transmit sensitive data. Its
industry-leading solution for data protection can secure and
desensitize any structured data element to reduce risk, streamline
operations, and enable critical business processes.
About IXOPAY
IXOPAY is a best-of-breed payment orchestration
platform offering flexible and independent global payment
processing options. IXOPAY provides smart transaction routing with
cascading, state-of-the-art risk and fraud management, fully
automated reconciliation and settlements processing, comprehensive
reporting and access to hundreds of acquirers, payment service
providers and alternative payment methods.
Media Contact:
Nicholas Mueller
nmueller@tokenex.com
510-289-2001
A photo accompanying this announcement is available
at
https://www.globenewswire.com/NewsRoom/AttachmentNg/27147864-91b0-4683-aa19-d4c4690d323a