SlimPay and Axway Partner on SEPA Service
US software company Axway said it has equipped payment services provider SlimPay with its Axway Financial Exchange (FEX) platform to create a new payments processing service offering, in preparation for the single euro payments area (SEPA) requirements. The new launch will provide businesses and online merchants with SEPA implementation support.
Axway FEX is described as a flow exchange platform, going beyond simple file movement or translation, offering a broad range of functionality, including community management, multi-enterprise collaboration, robust analytics and process management.
Axyway added that the new SEPA regulatory environment opens an opportunity for growth in the financial services industry. In less than three years SlimPay has taken the lead in its market, as one of the first payment institutions accredited by the Banque de France since the opening of the European market in 2010.
Eager to help its customers overcome the strategic and technological challenges of SEPA implementation, SlimPay offers a pooled software-as-a-service (SaaS) solution, based on Axway FEX, to aggregate payment orders, that is suitable for all formats and protocols. The service performs validation and alleviates businesses from configuring complex fraud management systems.
Processing payments in several European formats and offering all the required implementation and reporting tools, the platform enables businesses to manage, consolidate and secure all their online credit transfers and direct debit transactions in compliance with SEPA processing timeframes and standards. By providing visibility, security and control over transaction flows, it lowers costs and reduces risks.
“We operate mission critical services for our customers and we are required to guarantee 24/7 availability. The Axway FEX platform enables us to guarantee this availability,” said Jean-Louis Hoenen, chief technology officer, SlimPay. “We needed a reliable and high-performance platform that we could quickly build our services and Axway had the best offer available.”