Pay360 Unites with ACI Worldwide to Extend Global Acquiring Reach
- Payments , Banking
- 12.05.2017 07:15 am
Pay360 by Capita has established a five-year alliance with ACI Worldwide, a leading provider of real-time electronic payment and banking solutions, to extend its card acquiring capability from the UK and Europe, to growth markets in North and South America, the Middle East and Africa.
The integration with ACI’s UP eCommerce Payments solution will enable Pay360 merchants to connect with local acquirers in countries where they want to expand, assisting them in securing lower interchange and processing costs, and higher card authorisation rates.
Stephen Ferry, managing director, Pay360, said: “We selected ACI because of its flexibility and the strong international reach offered through its wide network of card acquirers and range of payment methods.
“The partnership will offer our merchants lower costs and a higher number of successful payment transactions. Moreover, it will help us to drive innovation as we seek to expand and build the Pay360 brand.”
Andy McDonald, vice president, ACI Worldwide, said: “Integrating with the ACI PAY.ON Payments Gateway, part of our award-winning UP eCommerce Payments solution, will enable Pay360 to extend its reach and access new customers in new markets. Our solution’s robust and flexible features are designed with cross-border eCommerce in mind – delivering a local experience based on universal connectivity. This tailored approach will enable Pay360 to provide merchants and their customers with a more seamless payments experience.”
Pay360 by Capita is one of the largest independent Payment Service Providers (PSPs) based in the UK, offering secure services designed to improve how and where people receive payments. Operating in both the public and private sector, Pay360 services a wide array of clients ranging from government to blue chip retailers, and in 2016 processed over 225 million transactions valued at over £9.5bn.
Built using the latest technology and thinking, Pay360 provides organisations of all sizes with secure and highly adaptable payments services. It works with all face-to-face, digital and telephone payment channels to improve cash flow and sales, and enhance customer service.