Cross-border e-market complexity is no barrier for Credorax as its smart acquiring platform continues to grow

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MPE, Europe’s Most Prestigious & Largest Payment Acceptance Event, Invites Credorax CEO as Keynote; Company’s Digital Acquiring Model Sparks Interest Due to Growing Market Share in Europe

Credorax - Smart Acquiring

Credorax - Smart Acquiring

Credorax, the smart acquiring choice for online merchants and PSPs, has chosen the Merchant Payments Ecosystem (MPE) conference in Berlin this week to share its 2012 business success story with attendees that include merchants, PSPs, card schemes, regulators, processers and MNOs.

Due to the Company’s success in cross-border Card-Not-Present Payment solutions, CEO, Benjamin Nachman, was chosen as the keynote speaker for Day 2 (Wednesday 13th February) at MPE. At the event, Mr. Nachman specifically addressed the European challenges and opportunities the payments industry faces in the e-commerce arena.

“We’re pleased to be involved in an event that brings the entire European payments ecosystem together to share ideas and discuss the direction of the industry, and how it can best prosper during what is a very difficult time for the retail industry,” said Benjamin Nachman, CEO of Credorax. “With the internet economy set to grow by as much as 10% by 2016, there are significant market opportunities for growth, especially in areas like m-commerce. As an industry, we need to provide merchants with technology-oriented, innovative solutions to give them omni-channel capabilities.”

Credorax is a Principal Member of Visa Europe and MasterCard and a PSD-licensed financial institution offering a unified, entirely technology-driven Acquiring and Payment Processing business model to online merchants and PSPs. With solutions built from the ground up specifically for the Card-Not-Present industry, Credorax transcends many of the challenges faced by traditional acquirers forced to rely on legacy platforms originally developed for the Card Present (Point of Sale) brick/mortar environment.

Users of Credorax's next-generation payment processing and acquiring technology benefit from:

    -Rapid IPSP integration and onboarding;
    -Faster digital merchant onboarding (in a matter of days, when traditional processes can take weeks);
    -Higher approval and conversion rates through robust end-to-end transaction monitoring;
    -Reduced chargebacks, immediate responses and overall more effective processes through optimised chargeback handling via the Credorax Partner Management Console;
    -Improved flexibility via raw data supplied to several partners with the option of a robust Partner Management Console for reporting purposes.

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Notes to Editors: Credorax is exhibiting at the MPE event and members of the team are pleased to talk to any attending press. To arrange any meetings please see press contacts below.

About Credorax
Founded in 2008, Credorax has three global offices in Malta, Boston and Tel Aviv and additional offices in Miami and London. The Company's Smart Acquiring Solutions are based on Credorax's proprietary payment platform, ePowerTM; a Unified Transaction Processing & Acquiring platform built to optimise the payment and acquiring lifecycle process for multi-channel retail environments. ePower is designed to deliver real time authorisation processing, efficient transaction clearing & settlement, low transaction fees, high approval rates and the security of advanced fraud management tools. For more information please visit http://www.credorax.com or follow on Twitter @credorax.

Company Contact:
Jodie Clements
Marketing Manager
Credorax Group
Tel: +972.3.5652271
Email: jodie.clements(at)credorax(dot)com

Press Contacts:
Andrew Ball / Carys Waters
Chazbrooks Communications
Tel: +44 (0)1483 537890
Emails: andrewb(at)chazb(dot)com / carysw(at)chazb(dot)com
Twitter: andrew_chazb / carysw_chazb

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Kira Tchernikovsky
Credorax
+972.3.5652239
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