AltaPay and IPS Announce Strategic Partnership
COPENHAGEN, Jan. 26, 2017 - AltaPay and IPS are pleased to announce a new partnership as part of a strategy to expand their global reach.
The partnership will deliver the first fully unified payment solution across online, in-store and mobile channels in multiple countries. Thanks to this unified setup, merchants can, for the very first time, streamline their payment environment and rely on one provider for processing all their sales within the European zone.
As IPS already offers in-store payments in more than 15 EU countries, their goals perfectly align with those of AltaPay, a leading online payment provider enabling transactions for some of the world's most renowned companies.
Together, the mission will remain to help businesses grow and expand into new markets with little friction, delivering a fast, safe and unique omni-channel payment solution for merchants.
"This marks the beginning of an exciting journey," AltaPay CEO, Christian Rasmussen said. "Merchants have been waiting for a truly international omni-channel solution for a long time."
The partnership between AltaPay and IPS will offer merchants remarkable insights into all their payment channels, whether these are processed through e-commerce, in-store or via mobile. Amongst other benefits, this will help them measure volume of scale and achieve full financial reconciliation internationally.
"Our combined know-how in the payment market will provide a single payment solution for any channel, any country and any industry," IPS CEO, Delia Pedersoli added. "Our PCI P2PE Certified solution is guaranteed to dramatically reduce PCI compliance efforts, as well as time-to-market when integrating with existing cashier providers".
"Evolving consumer habits mean merchants need a 360 picture of their payment channels, wherever they are processed," Christian Rasmussen continued. "This is precisely what we aim to provide through our relationship with IPS."
While the partnership will help cement both AltaPay and IPS's leading position across the European market, their eyes are firmly set on a global expansion. Their roadmap includes taking their innovative omni-channel payment solution to the US later this year.
"I strongly believe in our ability to expand further," Michael Juul Andersen, VP of Sales Nordic at AltaPay concluded. "We are already deploying a number of innovative solutions for our customers in Europe and value-added solutions such as tokenization and reconciliation. These are designed to be future-proof, providing agile and flexible options, so merchants can easily adapt to tomorrow's payment methods."
IPS is an industry leading payment service provider specializing in card present security-based payment solutions. IPS offers a P2PE-validated end-to-end managed service to international merchants across Europe, providing a simplified approach to minimize the complexity in card present payment acceptance, whilst significantly reducing PCI DSS scope.
For more info, please visit the IPS website at www.ips-inter.com
AltaPay is a leading cross-border payment processor delivering secure and reliable payment coverage across multiple sales channels, currencies and payment methods. With a particular focus on the retail market, AltaPay's clients include: Kate Spade, Boozt, BooHoo.com, Fat Face and Laura Ashley.