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xpate Links, Industra Bank to streamline acquiring

Thursday, September 16, 2021 — 08:58:06 (EDT)

London, 16 September 2021: Industra, Latvia’s leading SME-focused bank, has teamed up with xpate Links, an easily deployed turnkey payment gateway solution complemented by fraud control, dispute management, reporting and an extensive scope of consultancy support, to help streamline the bank’s acquiring process as it expands its payment services to meet accelerating demand.

With soaring ecommerce volumes expected to hit $4.89 trillion in 2021, acquirers are on a quest to lower operational risks, cut costs and optimise payment flows. Links – xpate’s new turnkey payment solution – will deliver intelligent risk management and monitoring, comprehensive dispute management, including processing of all dispute stages for INDUSTRA as it gears up to provide enhanced acquiring services for its small and medium enterprise clients.

Launched in March 2021, xpate Links is a fast, single and unified solution designed to meet growing demand from acquirers amid soaring ecommerce volumes and an ever-increasing range of touchpoints, at a time when outdated legacy platforms are struggling to keep up with surging transaction volumes worldwide.

Offering global online omnichannel payment card acceptance, including Visa and Mastercard card processing, the Links white-label payment gateway is integrated directly with Industra’s payment processor, and on behalf of Industra collaborates with the processor’s incident management system.

Including intelligent and intuitive fraud control and management capabilities Links’ core strengths include:

  • Individual fraud prevention set up at an acquirer and merchant level.
  • Transaction monitoring, combined with manual transactions’ review.
  • Setup of acquirer’s AML defined processing limits and sanctioned country lists.
  • Control fraud levels within IPS thresholds.

Viktorija Raizina, Managing Director of xpate Links, commented: “Around two-thirds of acquiring growth is expected to come from ecommerce channels by 2022, with the traditional acquirer processing model being left behind as merchants seek more holistic solutions which unify all touchpoints.

Acquirers increasingly want a simplified operational flow that takes the complexity out of their day-to-day business operations and helps them expand faster with increased payment acceptance rates. As the world recovers from the pandemic, it is crucial that acquirers look to cut costs and optimise payment flows to meet surging ecommerce volumes and future demand.”

The in-built flexibility of xpate Links means that it can quickly adapt to a merchant’s information or status amendment, and clients get the reassurance of 24/7 technical support including payment gateway integration activities, testing and consulting. Comprehensive fraud and dispute reports are also generated and provided to acquirers, removing yet another administrative burden.

Yuri Adamovich, Chairman of the Supervisory Board, at INDUSTRA, added: “xpate has enabled us to focus on revenue recovery through simplified and automated dispute and risk management. Thanks to its cutting-edge functionality, in-house fraud and dispute specialists are no longer required, as Links manages all fraud and dispute control, including merchant issue and dispute cycles resolution. With the difficult payment aspects taken care of, we are free to focus on what’s important – our customers. Our ambition is to become the bank of choice among small and medium Latvian businesses, and we are expanding payment services across a growing number of channels. With Links, we can provide our customers with cutting-edge ecommerce acquiring capabilities.”

For more information about xpate Links, go to: xpate.com/links

About xpate Links

xpate Links is a white label payment gateway solution for businesses utilising or looking to start acquiring services that integrates directly with acquiring bank’s processor and offers a full scope of risk management and payment gateway functionality required to accept payment cards. xpate Links helps acquirers to make the management of “paying by cards” business easy and hassle free by offering a white label payment gateway solution specifically designed for acquirers' needs accompanied by the full operational risk processes handling and wide consultancy scope support.  


INDUSTRA is a modern bank that was established with the transformation of Latvia’s Meridian Trade Bank, which has operated in Latvia and the Baltic States for more than 25 years.  INDUSTRA is owned by local entrepreneurs who have hands-on experience in creating and expanding businesses in various industries. The foundation for Industra is loans for growth and all of the services that are necessary for small and medium enterprises. INDUSTRA is an SME-focused bank that understands businesses and their needs. 

For more information about INDUSTRA, go to: www.industra.finance    

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Source: Company press release. end of article

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