NEW YORK CITY, NEW YORK and TORONTO, ONTARIO -- (Marketwired) -- 05/22/13 -- Computop, a leading payment service provider (PSP), and E4X, the global payments solution provider owned by Cambridge Mercantile Group, today announced a strategic global partnership. Through this relationship, Computop will integrate E4X's Patented Multi-Currency Services into its Paygate payment platform. With this functionality, Computop will be able to offer its wide range of B2C and B2B customers an even broader, more flexible payments platform for their global e-commerce requirements.
Studies have shown that buyers prefer to purchase online from retailers that offer pricing in their local currency. E4X's offering includes customizable solutions for currency conversion, multi-currency settlements, foreign exchange rate guarantee as well as global disbursements. This, coupled with Paygate's comprehensive payments options and fraud prevention, provides an end-to-end payments solution for retailers who want to do business beyond their own borders.
"What makes our integrated solution so unique and compelling for retailers is that we can offer currency conversion for almost every payment option available on Paygate - most providers can only offer this service for credit cards," said Ralf Gladis, CEO of Computop. "Also, as a result of this partnership, we can disburse funds globally to bank accounts in their local currency, which is particularly important for B2B merchants with buyers that may purchase products from different locations on a global scale. We are excited about our partnership with E4X and the impact it can have on retailers - and their customers - around the world."
"We are excited about the partnership with Computop as it will allow E4X services to reach a more global audience of online merchants. The industry knowledge Computop offers in global alternative payment methods and fraud, coupled with E4X's expertise in global payments and foreign exchange, will make for a compelling combination for any merchant selling online internationally," said Bernard Heitner, CEO of E4X and Cambridge Mercantile Group.
Computop Paygate with E4X functionality will be available in June 2013.
About the Computop Paygate platform
Computop Paygate 5.0 is a multichannel payment platform that provides online retailers with secure payment solutions and efficient fraud prevention for international markets. With just one interface needed, Computop Paygate allows online retailers to get access to dozens of international payment systems, and includes fraud prevention for North America, Europe and Asia. Leading e-commerce solutions from the likes of Demandware, hybris, Magento and Oxid all support Computop Paygate as a preferred payment service solution for global payment processing. In addition, Computop Paygate has been integrated into SAP's Business ByDesign business software to provide secure global payment processing.
Computop is a leading global payment service provider (PSP) that provides compliant and secure e-commerce, Point of Sale (PoS), m-commerce and Mail Order and Telephone Order (MOTO), globally. The company, founded in 1997, is headquartered in Bamberg, Germany with local teams also within the US, UK and China. Computop processes transactions totalling $7+ billion per year, for over 2000 large international merchants within industries such as retail, travel and gaming. Global customers include C&A, Fossil, Metro Cash & Carry, Samsung and TUI. In order to provide a complete multichannel solution for merchants, Computop has a robust partner and global banking portfolio providing merchants with a seamless and secure transaction process.
For further information please visit: www.computop.com.
E4X is a global leader in multicurrency settlement solutions, working alongside global processors and payment gateways to facilitate local pricing, foreign exchange, and multi-currency risk management for ecommerce merchants. With E4X's patented technologies and customized services, merchants can take advantage of a rate guarantee, transparent pricing and enhanced and consistent reporting across multiple currencies, processors and payment types - enabling successful global expansion and profitability. For further information, please visit: www.e4x.com or www.cambridgefx.com
Ascendant Communications, for Computop
E4X-Cambridge Mercantile Group
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