Poland-based payment processing company Polskie ePlatnosci (PeP) has acquired 100 per cent of the shares in PayLane, for an undisclosed amount.
PayLane offers companies online payment solutions that supports over 160 currencies and more than 30 transaction methods. Through the technology, businesses can access recurring payments, invoicing, mobile payments and one-click transactions. Its mobile app, The PayLane GO! supports card payments processing via mobile phones, and can be implemented into a personalised mobile app for the client.
Polskie ePlatnosci is a non-cash payment processing solution that supports transactions including cards, cashback, mobile transactions, self-service terminals and ePayments, among others.
The company hopes PeP will be able to support its growth plans, will also offering its customers more online payment services, including payment terminals, mPOS, and e-payments.
In a blog post, Paylane CEO Karol Zielinski said, “[These] last years proved to be extremely dynamic for us. We succeeded in building a brand that is associated today with fresh and innovative approach to e-payments. We acquired and service Merchants from over 20 countries who sell their products and services in over 200 countries from all over the world.
“We serve companies who sell locally in Poland and those who trade internationally. Despite the fact that everything has been going pretty well, we decided to introduce some changes. We needed something that would help us accelerate even more and broaden the scope of our services.”
Following the acquisition Paylane’s clients will not be affected and will continue to operate through the systems and integrations, according to the company.
PeP is compliant with PCI DSS (Payment Card Industry Data Security Standard) , which are international standards of data security from payment cards, developed in 2004 by the largest payment organisations (VISA, MasterCard, American Express, JCB and Discover). The company ensures an ‘appropriate level of security of the processed card data’ by annually renewing the certificate of compliance with PCI DSS.
In accordance with the regulations in force, the company is obliged to accept the highest diligence of protecting card data obtained in the process of accepting card payments as Merchants.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
