IXOPAY

Pretty much everyone has typed it in at least once, but only a few people know what it actually stands for: CVV 🤔

, aka Card Verification Value, is like the secret handshake for online transactions. It's a three-digit code on the back of your card that adds an extra layer of security. 💪

Read more about the power of CVV here: https://ixol.it/3R0pAEv

Anyone who believes, Black Friday and Cyber Monday are not world wide phenomenas, is truly hiding from the facts.

No matter if online or in store: People DO spend more money during these special shopping-events. In case you missed our latest blog article, here are some highly interesting facts:

🛍️ Nearly 2/3 of U.S. Citizens shopped on Black Friday in 2022.
💸 Germany & Spain see 4x more online sales than normally.
📈Turkey sees nearly 270% more sales on the Cyber Weekend.
🛒 65% of Brazilians are used to go shopping on Black Friday.

And the list could go on. If you’re a merchant facing the challenges of high-selling days like or , our payment orchestration platform is here to efficiently guide you through stress-free transactions.

In a world full of discounts, choose the quiet confidence of a streamlined payment process.

Have you ever wondered, what the first digits of your credit card mean?

We got the answer: https://ixol.it/3GaK34x

Our latest glossary entry focuses on the BIN - the bank identification number - which identifies the financial institute that issued a credit card.

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It's the week many shoppers have been waiting for all year:
This Friday is Black Friday! 📈🛒

Black Friday and Cyber Monday have evolved from a single-day shopping event into a week-long or even month-long extravaganza. This means high sales, high transaction traffic and, unfortunately, also a higher likelihood of website downtime.

That’s why our new blog article focuses on how merchants can master these days and gives tips and tricks on how to prevent downtime 📖✍️

💡 Explore our latest blog article for expert advice here: https://ixol.it/46sdycO

Managing Surging Demand on Black Friday Black Friday and Cyber Monday have evolved into a week-long extravaganza providing more and more challenges for Merchants.

Insights from Mastercard Innovation Forum 2023 💡

Our colleagues Johanna and Thomas had the pleasure to join Mastercard and many other entrepreneurs from the world at the Innovation Forum yesterday 🌏

Our special thanks go out to Michael Broenner and the whole Mastercard team for the invitation, the inspirational event and the great talks!

Apropos inspiration - here are some of our personal highlights from yesterday’s keynotes:

💡Julia Fae & Sven Kurras: Deepfake Fraud // Trust is the new Gold

💡Inma Martinez: AI’s Potentiality to Create Competitive Advantage and Progress for All

💡 Scott Flinter: Navigating Generative AI in Payments & Banking

Diving into the world of innovation is always a thrill. Looking forward to the next event where great minds come together to share their ideas once more.

With Single's Day behind us and Black Friday coming up next week, there are a lot of great, high-spending shopping events this time of year 🛍 👀

We have therefore prepared a graphic to help retailers around the world prepare for the busiest days of 2023 🌎 🗓

Because busy shopping days also means busy transaction traffic 🔄 Are you ready?

Dive into the world of high-risk merchants 🌐

Our latest blog article sheds light on the every day challenges of high risk merchants. From higher processing fees to intricate regulations - we've got all the insider info for you!

Discover how innovative solutions as payment orchestration are empowering these merchants to stay agile. 💳💡

Read more here: https://ixol.it/3SonHUw

The Challenges Facing High Risk Merchants High risk merchants face unique challenges in finding PSPs to work with and keeping chargebacks down. Payment orchestration can help.

This September, UPI transactions in India 🇮🇳 surpassed 10 billion for the second month in a row 🤯

That’s nearly 14 million transactions every hour. Just to put it in perspective: in October 2018, the monthly figure was a mere 500 million, which is a 20x increase in 5 years! This growth is truly remarkable 📈

It’s no secret, that UPI is India’s most popular payment method. We at IXOPAY have integrated via our adapters dLocal, Straight2Bank Pay and PayU.

Learn more about IXOPAY’s adapters here: https://ixol.it/3ibquhD

Looking back at two awesome days at Money 20/20!

Events like these are truly special - a convergence of minds, a nexus of innovation. Our colleagues Adam and Thomas were on the ground in Las Vegas this year and took part in insightful conversations that are shaping the future of finance.

Here's to promising new connections, the wow moments, and the shared excitement that reverberated through each day. We want to thank everyone who took the time to connect with IXOPAY and delved into the future of .

Money20/20 Reminder 🔔❗

You still have a chance to book your personal meeting with IXOPAY next week in Las Vegas! ✨

Our colleagues Adam and Thomas will be around next week in the U.S. when Money 20/20 brings the greatest of Fintech to the city that never sleeps 🌇

No matter whether you’re simply up for a chat, want to discuss current paytech topics or need a consultation on how payment orchestration may change your business, feel free to arrange your personal meeting here: https://ixol.it/3EY8ZvF 🗓 🕓

Life is an endless lesson 📖.and with our great payment glossary, you're for sure never done learning 😁

So, today we start another round of new terms. The terms of the week are: BIN, CVV (aka CVC) or Payout sparkles

Which would you like to learn next about?
Leave a comment and let us know!

🇧🇷🗞️🆕 168 million transactions in a single day 🤯

Roberto Campos Neto, the head of Brazil's Central Bank, announced a groundbreaking achievement for Pix, the instant payment system. Contrary to initial concerns, Pix has not only thrived but has set a new record for daily transactions in Brazil 👏

And because IXOPAY is never late to the party: thanks to our adapters dLocal, EBANX, and Volt, our clients already have the chance to use PIX for their Brazilian business 💪🇧🇷

Pix has proven to be profitable for banks, attracting 9 million new accounts. With over 650 million keys and 153 million users, August saw a record R$ 3.7 billion in transactions. Moving forward, Pix will introduce scheduled payments, potentially challenging traditional payment methods.

Business meetings in Paris? Oui, s'il vous plaît! 🇫🇷🤝
You will find the crew practically everywhere.

Our colleague Adam Vissing is currently in Paris to meet with some esteemed clients! Building bridges, forging partnerships, and showcasing the best of what our company has to offer. Bon voyage et bonne chance, Adam!

“Making diversity matter in fintech” 💪

That’s the slogan of European Women Payments Network and this year’s annual event and awards. As sponsors, it was a pleasure to see the community from all over Europe come together in our hometown, Vienna.

Two days full of deep-dive workshops, interactive panels, and plenary sessions with industry female leaders lay behind us that will continue to inspire us for a very, very long time 💫💭💡

is a not-for-profit organisation dedicated to building a community for women in cards, fintech & payments in Europe striving to create more opportunities for women and minorities.

Today's Challenge: "Describe Payment Orchestration in your own words" 🤔💭

Thanks to our last blog article, we now know the definition of payment orchestration. But how do our ixopay experts see it? We gave them a big challenge: Describe Payment Orchestration from your point of view.

Our colleagues Thomas Beinhart, Adam Vissing, Johanna Karl, Jakob Geyer, Mohamed Ata & Felix Privitera didn't hesitate to give us an idea how they would describe the term. See yourself!

Payment Orchestration 🔮 ✨
Everyone is talking about it, but is everyone actually talking about the same...?

Especially since many payment service providers (PSP) started to emphasize "payment orchestration" (POP) as a feature, the question arises: what exactly IS payment orchestration? And are PSPs and POP providers truly on the same page when using the term? 🤓

Gain insights into the origins, evolution, and definition of this pivotal concept shaping the future of transactions in our latest blog article: https://ixol.it/46zlidq

What is Payment Orchestration? IXOPAY ist eine Payment Orchestration Plattform (POP). Aber was genau ist eigentlich Payment Orchestration?

Meet IXOPAY in Las Vegas at Money 20/20! 🤩✨

Our colleagues Adam and Thomas venture into the world of finance and technology at Money 20/20 in October.

Now, here's the exciting part: You're invited to book a meeting with them - right here: https://ixol.it/3EY8ZvF 🗓

Whether you want to discuss industry trends, explore partnership opportunities, or simply catch up over coffee amidst the Vegas buzz, they're looking forward to connect 💬🚀

Listen up, podcast friends! We asked out experts:
What is your favorite fintech or paytech podcast...? 🎧

Tomorrow is international Podcast Day 🎙️🎊
That's why we asked our inhouse-experts to unveil their fintech podcast highlights for you. Whether you're interested in digital payments, blockchain, or the future of banking, our experts Rene Siegl, Adam Vissing and Thomas Beinhart have curated a list of must-listen shows that will keep you informed and inspired.

Here are our top 4 recommendations for your next podcast:
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🎙️ Banking Transformed with Jim Marous:
Banking transformed is a top banking podcast examining major leadership and cultural challenges in the banking industry and the impact of digital disruption on banking’s future.

🎙️ Wharton FinTech Podcast by Wharton Fintech:
A student-led, award-winning podcast covering international fintech topics. Combining podcast and blog features, they count over 350 interviews with fintech CEOs, venture capitalists, thought leaders, and ecosystem enablers.

🎙️ PayTech Talk by Elliot Lyons and Emily Robida:
This podcast by has a real focus on paytech. It’s about the most important topics, ideas, and technologies shaping the payments industry. They even have an efficient twelve minute episode focusing on payment orchestration that we can highly recommend!

🎙️ P19 Payment Podcast with Roland Toch:
P19 is a recommendation for our German speaking listeners. It presents payment pioneers from different industries talking about insights and developments in payment to give those topics a stage and make them more understandable.

🚀 Elevate your payments knowledge with our latest addition to the glossary: Independent Sales Organization!

An Independent Sales Organization (ISO) is a key player in the world of merchant services. They act as the bridge between businesses and acquiring banks, simplifying the process of accepting electronic payments.

Here's what you need to know:

🤝 ISOs facilitate merchant acquisition.

🛠️ They provide essential support services.

💰 All while earning a commission for their valuable assistance.

Stay ahead in the payments industry by understanding the vital role ISOs play in making commerce seamless here: https://ixol.it/3rlCsMV

Independent Sales Organization An independent sales organization (ISO) is a third party that provides merchant services on behalf of acquiring banks.

Another week, another glossary term for you: Direct Debit!

What is it? Direct Debit is a way to auto-collect funds from your customer’s bank account, perfect for recurring bills like phone plans.

🔄 How it works: Once permission is granted via mandate, the vendor is allowed to deduct the amount due again and again. Procedures slightly vary by region, but the process is smooth.

🌍 Who's in? EU, UK, US, Canada, Australia, Brazil, South Africa and more! Each has its own system.

Learn more about Direct Debit and its pros and cons here: https://ixol.it/3t8ly4E

What happens when a transaction gets declined? 🧐

First of all, a Merchant Advice Code is returned. These codes not only specify and transmit the reason for a failed transaction, but also suggest how a merchant should proceed to affect a successful transaction.

But how do they do it? What types of codes are there and why are transactions rejected in the first place?

Read more about this in our newest blog article: “Understanding Merchant Advice Codes” https://ixol.it/3PHcU6c 💡

BNPL in the crosshairs of legislations? 🔍

Buy Now, Pay Later payments enjoy great popularity. While the most consumers use BNPL without issues and meet their payment obligations on time, some people are taking out BNPL loans they cannot afford.

As a result, governments around the world have introduced new legal requirements for BNPL payments.

In the latest Financial IT Fall Edition, our VP Customer Success @‌Mohamed Ata shares insights on the latest legislative changes in the world of payments. What changes have been made and what can merchants expect?

Grab your digital copy of Financial IT here and turn to page 18 to figure out more: https://financialit.net/magazine/financial-it-fall-issue-2023

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📣 Financial IT Fall Edition is HERE!

Dive deep into the world of fintech with insightful articles, expert interviews, and groundbreaking analysis of the latest trends and challenges shaping tomorrow’s financial horizon in Financial IT Fall Edition 2023.

Our exceptional contributors:

Michael Heffner, Vice President of Appian

Andy Schmidt, VP of CGI

Tracey Black, President and CEO at Payments Canada

Mohamed Ata, VP Customer Success at IXOPAY

Till Wirth, Product Director of Wise

Nick Barna, Head of GTM at GoCardless

Sam Edge, Global Head of Fintech for Startups at Amazon Web Services (AWS)

Richard Harmon, VP Financial Services of Red Hat

Lekshmi Nair, CRO of Finastra

Andrew Riabchuk, Founder of Akurateco - Payment Hub

Gloria Colgan, SVP, Global Head of Products at Visa Commercial Solutions

Ezechi Britton MBE, CEO of Centre for Finance, Innovation and Technology (CFIT)

Gavin Maclean, Head of Payments at Lloyds Bank

Krista Griggs, Head of Banking, Financial Services and Insurance at Fujitsu

Andrew Hutchings, Editor-in-Chief at Financial IT

Chris Principe, Publisher of Financial IT

📘 Grab your digital copy of Financial IT Fall Edition now https://financialit.net/magazine/financial-it-fall-issue-2023

Financial It Team

Today is all about Card on File! 💳

Card on file means that payment details are, just as the name reveals, simply kept “on file”.

Easy, quick, convenient: For card on file transactions, card details are retrieved from storage, rather than entered manually by the cardholder at checkout. Once the data is entered, the customer can simply select their preferred payment method without ever having to enter it again.

Learn more about card on file transactions, the processes behind it and its benefits with our new glossary entry: https://ixol.it/48gRfco

We're always pleased to see our colleagues sharing their expertise.
This time: Our Legal Counsel Jakob Geyer at Forum IT in Vienna ✨

Last week, Jakob gave an expert talk all about the regulations behind Software as a Service at Forum IT:

How do you stay secure and compliant despite outsourcing the software? What regulatory challenges does Software as a Service bring with it? And what are the Dos and Don'ts when drafting contracts?

Jakob gave answers to all those big questions at this year's branch meeting by imh, a real deep dive into to the world of IT and its upcoming trends.

There are still terms to cover in IXOPAY’s glossary. Let us know what term we should cover next by voting in our poll!

- ISO (Independent Sales Organization)
- Card on File
- Direct Debit

If you have any other suggestions for terms we should cover drop a comment below. You can find our glossary here: https://ixol.it/2UxUA5F

IXOPAY is hiring! We are looking to fill the following positions:

Software Engineer ( https://ixol.it/3sFsDJR )
Security Engineer ( https://ixol.it/3ZjWjIZ )
Project Manager ( https://ixol.it/3Z2rpV2 )
Graphic Designer ( https://ixol.it/3r3XbEH )

Based in Vienna, Austria, IXOPAY is a fast-growing software enterprise. The IXOPAY payment orchestration platform is a SaaS solution used by large international clients https://ixol.it/3EnZTbl around the world to streamline their global payment processes. If you have a goal-oriented mindset, are a team player and value a friendly and international work environment, send us your application! We look forward to hearing from you.

Being able to store customer’s payment details is important for online merchants, as it facilitates both recurring billing and saves consumers from needing to re-enter their payment details each time they reach the checkout page. However, this sensitive information needs to be stored securely to eliminate the risk of bad actors gaining access. IXOPAY’s PCI DSS Level 1 secure vault can store payment information such as credit cards, IBANs and digital wallets in tokenized form.

Tokenization is a security measure that replaces sensitive information with a unique, randomly generated ID that cannot be reverse engineered. Merchants can store this token locally without risk and without affecting their PCI DSS scope. Find out more about the benefits of storing customer payment details in our latest article https://ixol.it/3R4xPRT

-DSS

Accelerate your business growth with IXOPAY's White Label platform. Our robust technical foundation allows you to focus on go-to-market strategies, customer success and growth, without sacrificing brand identity or functionality.



Find out more here:

White Label Plattform Unsere White Label Plattform bietet Ihnen eine solide technische Basis, auf der Sie Ihr Geschäft aufbauen können, ohne Ihre Markenidentität zu beeinträchtigen.

Latin America is a diverse and fast-growing e-commerce market, with annual growth rates of around 30%. With credit card adoption low across the region and a significant percentage of the population unbanked in many countries, local alternative payment methods account for a significant share of online transactions, especially the ubiquitous voucher payment methods.

Merchants operating in the region need to cater to a diverse array of payment methods or risk excluding a significant number of potential customers. IXOPAY provides merchants with access to all of the most popular payment methods in markets across the region thanks to our partners such as PPRO, dlocal and Ebanx. Being able to access a wide range of local payment methods via a single API from IXOPAY makes it easy to offer local consumers the payment methods they expect and add additional methods as needed. Find out more about how you can access this rapidly growing market, one that is already home to more than 300 million digital buyers in our Latin America overview https://ixol.it/3P9fqC5

Payments Landscape: Latin America Latin America is a diverse market for payments, and one that is undergoing rapid change. Currently, only around 60% of Latin Americans have a bank account, which is well below the global average of roughly 70%. In some countries, the population with access to a bank account has risen significantly o...