Becomes Silver Industry Partner making it easier for Magento's online
retailers to accept payments and reduce losses from fraud
LONDON, MONTREAL and NEW YORK, Dec. 10, 2013 /CNW Telbec/ - Optimal Payments (LSE AIM: OPAY), a leading global online payment solutions provider,
has launched an integrated payment processing and fraud management
solution specifically designed to serve the online retail clients of Magento, a leading e-commerce platform owned by eBay with more than 150,000
In addition, Optimal Payments is now a Magento Silver Industry Partner.
The program allows premier technology companies to reach, market and
provide solutions to Magento's ecosystem of e-commerce developers and
The new Magento 'Optimal Payments Extension,' a free software download
from Magento Connect, provides connectivity to Optimal Payments' NETBANX payment gateway. It is fully compatible with Magento's Community and
Enterprise editions and provides merchants with the industry's most
comprehensive payment processing system including seamless integration
with ThreatMetrixTM fraud management tools. Merchants are able to significantly reduce
fraud by automatically holding, flagging and/or denying suspicious
orders before a shipment is made. Operational tasks are further
simplified by being able to manage holding and releasing orders - as
well as issuing credits, refunds or cancelling orders - all directly
through the Magento platform.
Magento merchants will also benefit from the integration of the NETBANX
gateway with Silent POST technology. This enables the capture and
processing of sensitive credit card and cardholder data in Optimal
Payments' PCI Level 1 compliant environment with no payment information
stored locally on merchants' servers thereby significantly reducing
their PCI compliance requirements.
"The Optimal Payments Extension offers Magento clients of all sizes
access to our international payment processing capabilities,
multicurrency support and global fraud management tools," said Martin
Leroux, chief business development officer, Optimal
Payments. "Furthermore, our integrated ThreatMetrix service will help
merchants minimize their losses while providing a positive checkout
experience for their legitimate customers."
The Magento eCommerce platform serves more than 150,000 merchants
worldwide and is supported by a global ecosystem of solution partners
and third-party developers. Magento is a feature-rich, open-source,
enterprise-class platform that offers merchants a high degree of
flexibility and control over the user experience, catalog, content and
functionality of their online store. In August 2011, Magento was
acquired by eBay Inc., and is now a division of X.commerce, Inc.
About Optimal Payments Plc
Optimal Payments is a global provider of online payment solutions.
Trusted by businesses and consumers in over 200 countries to move and
manage billions of dollars each year, merchants use the NETBANX®
processing service to simplify how they accept and settle credit card,
direct-from-bank, and cash payments; and the NETELLER® payment service
to increase margins, capture new customers and increase their lifetime
value. Being an independent provider has allowed the company to support
tens-of-thousands of merchants around the globe across a wide range of
industries. Optimal Payments Plc is quoted on the London Stock
Exchange's AIM market, with a ticker symbol of OPAY. Subsidiary company
Optimal Payments Ltd is authorised and regulated as an e-money issuer
by the UK's Financial Conduct Authority (FRN: 900015).
For more information on Optimal Payments visit www.optimalpayments.com or subscribe at www.optimalpayments.com/feed or follow us on Twitter @optimalpayments.
SOURCE: Optimal Payments Plc.
For further information:
Optimal Payments Plc
Chief Business Development Officer
+1 514 380 2717
Media Contacts - Canada:
Media Contacts - United States:
Richard Anderson/Emily Simmons
+1 718-986-1596/ +1 212-808-4904
Media Contacts - United Kingdom:
Caroline Merrell / Nicola Swift / Priscilla Garcia / Shelly Chadda
Citigate Dewe Rogerson
+ 44 207 638 9571
Investor Relations Contact:
Optimal Payments Plc