Partner for global expansion

Payvision is an independent payment solutions provider specializing in international card processing for the e-commerce market. Founded in Amsterdam in 2002, it serves acquiring banks, payment service providers (PSPs), ISOs, merchant level salespeople (MLSs) and their merchants. The company prides itself on its innovative, secure, Payment Card Industry (PCI) Data Security Standard (DSS) –compliant program, which is designed to handle all acquiring needs.

Payvision has observed that payment companies now face multiple challenges posed by merchants who increasingly seek opportunities in an expanding global market. And while profitable cross-border e-commerce offers opportunities, doing business in a worldwide arena demands cross-cultural, linguistic and legal expertise – all of which Payvision can offer. Four-pillar strategy Believing that business growth through geographical expansion should be the ultimate goal of those involved in international e-commerce, Payvision adopted a business model centered on boosting cross-border, card-based e-commerce. To that end, it employs what it calls a four-pillar strategy, including:

1. Global card processing
2. Sharing expertise
3. Technical innovation
4. Integrated risk

Global relationships, domestic payments

Over the past 10 years, Payvision has established 13 offices in Europe, the United States and Asia, fostered business relationships with acquiring banks in the key world regions and created a variety of partnership programs for ISOs, PSPs and other merchant service providers. The company noted that its key experts have been involved in international card payment processing since the birth of electronic commerce, and together they bring decades of experience integrating different perspectives on this expanding market space.

Gijs op de Weegh, Payvision Chief Operating Officer, said, "Payvision connects PSPs, ISOs and their merchants to one global acquiring platform, based on a noncompetitive partnership model in which all stakeholders share revenue and are able to expand their footprint in different regions. By connecting to our global acquiring network, PSPs and ISOs are able to sustain their worldwide geographical expansion of their clients, while being less vulnerable to financial crime, thanks to the solid risk management protocols and technological infrastructures in compliance with PCI DSS requirements of Payvision."

Among Payvision's offerings are the following:

• A global acquiring platform with the same quality in each region
• A single, integrated end-to-end solution for all required countries, regions, channels and currencies, covering all types of businesses
• More than 150 transaction currencies and regional card settlement currencies
• Risk and fraud management solutions
• One high-end reporting interface for worldwide transactions
• One internationally approved risk and underwriting protocol
• Cost reduction and optimization for cross-border e-commerce
• 24/7 support

Shared expertise

According to Payvision, sharing best practices ultimately leads to a better understanding of the market. Thus, the company shares its expertise on global card processing, innovative payment solutions, and risk and fraud management. It offers advice on complex, international card-not-present (CNP) payment services and processes involving compliance, risk management and local legislation. Payvision feels that because of this, its partners are able to save resources and costs, which makes their businesses more transparent, more profitable and more visible.

"In October 2013, we initiated and launched the Cross-Border Ecommerce Community, the place where merchants, payment service providers, ISOs and acquiring banks within the CNP payments industry can gain access to country- and regional-specific e-commerce facts and figures – valuable content about mature and developing markets which can help you in your strategic decision-making," said Rolf Visser, Vice President, Global Marketing for Payvision. "Together with our partners, we share need-to-know and up-to-date information and expertise, as well as research papers, industry reports and infographics, which highlight global opportunities for profitable cross-border e-commerce."

In an era of unprecedented technological innovation, changing business needs and an increasingly demanding regulatory landscape, Payvision believes it provides the resources required for today's payment businesses to compete and thrive.

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