Payments Powering Platforms - TRACKER - Amaryllis Payment

 
Payments Powering Platforms - TRACKER - Amaryllis Payment
Payments Powering Platforms
TRACKER™                                           APRIL 2018

         GODADDY TURNS TO INTEGRATED PAYMENTS TO POWER SMBS
How GoDaddy is powering
  customers’ payments     Mastercard, MegaFon collaborate on    Find the top providers in our Tracker
                                   new mobile apps                           Scorecard
 – p. 6 (Feature Story)
                              – p. 10 (News and Trends)                       – p. 16

                                                                                        powered by
Payments Powering Platforms - TRACKER - Amaryllis Payment
Table of Contents

             PAGE           What’s Inside

           03               A look at the quickly evolving payments platforms ecosystem, including how
                            new digital and mobile payments platforms are helping boost online sales in
                            developing economies

             PAGE           Feature Story

           06               Greg Goldfarb, vice president of product and eCommerce for GoDaddy,
                            on how the company works to help its SMB customers keep up with larger
                            competitors through new payment acceptance tools

             PAGE           News and Trends

           10               Payments processing giants Discover, Mastercard and Visa announce new
                            platform partnerships, and plenty of other recent headlines from around
                            the Payments Powering Platforms space

             PAGE           Methodology | Top Ten Rankings

           14               Best of the bunch
                            See which companies are on top and how they got there

             PAGE           Scorecard

           16               The results are in.
                            See this month’s top providers

             PAGE           About

           71               Information on PYMNTS.com and WePay

ACKNOWLEDGMENT
The Payments Powering Platforms Tracker™ is powered by WePay, and PYMNTS is grateful for the company’s support
and insight. PYMNTS.com retains full editorial control over the findings presented as well as the methodology and data
analysis.

Payments Powering Platforms Tracker™           © 2018 PYMNTS.com All Rights Reserved                       April 2018 | 2
Payments Powering Platforms - TRACKER - Amaryllis Payment
What’s Inside

C
        an digital payments be the key to unlocking basic          move is designed to give the country’s online economy a
        utilities for remote populations?                          jumpstart.

        More than 110 million Africans live “under                 As mobile and online payments platforms continue to
the grid,” according to recent reports, meaning they               expand their influence, companies around the world have
live directly below existing infrastructure and utilities          recently looked to debut new solutions and offerings to
like electricity but lack access. Now, digital payment             keep up with the pace of the payments evolution.
platforms are promising to bridge that gap.
                                                                   A look around the Payments Powering Platform
This includes a recent partnership between Kenyan solar            world
energy company M-KOPA and payments processor
                                                                   Platform-powered payments are also coming to the
Mastercard. The pair will use Mastercard’s Masterpass
                                                                   insurance industry.
mobile payments platform to help East African residents
afford and access solar power and other basic utilities.           Insurance provider Allianz Partners recently announced it
                                                                   is working with payments processor Visa to create a new
Africa isn’t the only region seeing improvements,
                                                                   payment solution, Allianz Prime, allowing customers to
however. Digital payments platforms are also helping
                                                                   make insurance payments on their mobile devices. The
to revolutionize the ways consumers worldwide pay for
                                                                   app will also help them earn rewards as part of Visa’s
utilities and day-to-day purchases.
                                                                   Wirecard-run loyalty program, and includes a smart
In Vietnam, for example, digital payment volume jumped             spend tracker to help manage accounts and expenses.
by 22 percent in 2017, according to Vietnamese online
                                                                   Social messaging service WhatsApp is also foraying into
news source VnExpress. Its consumers spent more than
                                                                   mobile payments.
$6 billion via digital payments platforms that year, and
growth is expected to continue to climb in the coming              The company recently announced it is adding payments
years. In fact, total volume is projected to hit $12.3 billion     to its messaging app, which is especially popular among
by 2022.                                                           Indian consumers. Its person-to-person (P2P) payments
                                                                   feature will be based on the Indian government’s
Perhaps inspired by digital payments platforms’ success
                                                                   Universal Payments Interface (UPI), and the app will soon
in other countries, Saudi Arabia recently announced
                                                                   support in-store payments through QR codes.
that its mada domestic payment network is partnering
with Mastercard to enable online payments via the                  Google is also getting in on the platform payments
latter’s Payment Gateway Services technology. The                  game. It recently announced that its Google Pay
                                                                   mobile wallet can be used to pay for tickets for the

Payments Powering Platforms Tracker™         © 2018 PYMNTS.com All Rights Reserved                                 April 2018 | 3
Payments Powering Platforms - TRACKER - Amaryllis Payment
Las Vegas Monorail. In a blog post, group product                feature story (p. 6), Goldfarb gives PYMNTS an inside
manager for Google Pay Prakash Hariramani said the Las           look into how the company is providing small businesses
Vegas Monorail is already powered by NXP’s MIFARE                and their customers with all the payment tools and
contactless technology, enabling it to accept digital            features needed to compete in the digital age.
payments for tickets.
                                                                 Payments Powering Platforms April Updates
To find more on the latest platform payments solutions
                                                                 We’ve profiled more than 100 players in this issue of the
from around the industry, check out the Tracker’s News
                                                                 Tracker, including four new additions: BitPesa, Dream
and Trends section (p. 10)
                                                                 Payments, Electronic Payments and Tipalti.
Why GoDaddy is turning to payments to help
boost SMBs
No matter the industry, small and medium-sized
businesses (SMBs) need an efficient, easy way to accept
and process payments. As it turns out, those payments
can often be the difference between their being able
to compete with industry giants or failing to get off the
ground.

Development platform provider GoDaddy is looking to
provide SMB owners with the payment tools to grow
their companies, according to Greg Goldfarb, vice
president of products and eCommerce. In an interview
for this month’s Payments Powering Platforms Tracker

Payments Powering Platforms Tracker™       © 2018 PYMNTS.com All Rights Reserved                                April 2018 | 4
Payments Powering Platforms - TRACKER - Amaryllis Payment
What’s Inside

5
                         Five Fast Facts
                                                          Percentage of Chinese travelers who would

                                  91%                     spend more with overseas merchants if they
                                                          accepted Chinese mobile payment platforms

                                        70                Projected number of payments made using
                                                          online platforms by 2022
                                       billion

                                   $3.3                    Anticipated value of remote payments
                                                           spend for digital and physical goods
                                  trillion

                                  39.1%                   Projected CAGR of the mobile payment
                                                          platforms market by 2020

                                       726                Predicted number of transactions made
                                                          through digital payment methods by 2020
                                   Billion

Payments Powering Platforms Tracker™             © 2018 PYMNTS.com All Rights Reserved                 April 2018 | 5
Payments Powering Platforms - TRACKER - Amaryllis Payment
GoDaddy
    Turns
To Integrated
Payments
To Power
  SMBs
Payments Powering Platforms Tracker™   © 2018 PYMNTS.com All Rights Reserved   April 2018 | 6
Payments Powering Platforms - TRACKER - Amaryllis Payment
FEATURE
     STORY
    “We serve a very broad range of different
    types of small businesses or people who are in
    the start of creating businesses.”

                                         GREG GOLDFARB
                            vice president of products and
                                   eCommerce at GoDaddy

Whether they’re hairdressers that are wizards with a               that can display their latest styles and carpenters must
razor and shears, clothing designers with a knack for              create an online presence to help them stand out and
new looks or carpenters with all the tools of the trade, all       find work in, well, woodworking.
small businesses need to get paid.
                                                                   To help address these challenges, development platform
While SMB owners may be masters of their crafts, few               providers are working to integrate one-touch payments
are experts in efficiently resolving their payments pain           on SMB websites, enabling companies to better
points. They need websites that offer online payment               compete in the digital age. In a recent interview with
capabilities to stay competitive, preferably with clean and        PYMNTS, Greg Goldfarb, vice president of products
simple interfaces to ensure they can quickly accept and            and eCommerce at domain registrar and web hosting
process customers’ payments from a range of payment                platform GoDaddy, explained how the firm is looking to
methods.                                                           use payments-powered products and features to stand
                                                                   apart from other players in the space.
These small businesses may all need to get paid, but they
don’t all need — or want — to get paid the same way.               “We serve a very broad range of different types of small
                                                                   businesses or people who are in the start of creating
With customer expectations on the rise, SMBs also                  businesses,” Goldfarb said. “So, we really try to work to
need much more out of their websites than before.                  offer the tools that can make all different kinds of small
Hairdressers want to be able to book appointments at               businesses successful online.”
the drop of a hat, clothing designers need an online store

Payments Powering Platforms Tracker™         © 2018 PYMNTS.com All Rights Reserved                                 April 2018 | 7
Payments Powering Platforms - TRACKER - Amaryllis Payment
Feature Story

Adding payments to online stores, calendars and
more
GoDaddy currently serves roughly 17 million businesses
around the globe, according to Goldfarb, and has
customers in just about every industry. To help them
grow, and help GoDaddy grow by extension, the
company must provide SMBs with tools to fit their
specific needs.

For example, GoDaddy recently added an online
appointment calendar feature to its platform, via
a partnership with Square, to aid salons and other
appointment-based businesses. The calendar is designed
to cut down on the number of missed appointments —
and associated missed revenue — by syncing with other
popular calendar apps to help inform customers of their
upcoming activities.

“There are millions of service-based businesses [that] get
                                                                Though online calendaring can help salons and other
bogged down with scheduling clients,” Goldfarb said.
                                                                appointment-based businesses run more efficiently, they
“Missed calls, multiple emails and texts and calendar
                                                                only solve part of the problem. To keep up with larger
malfunctions lead to missed appointments, which directly

“
                                                                competitors online, SMBs need eCommerce stores that
impact their success.”
                                                                are easy to navigate and help them grow beyond their
                                                                storefronts.

                                                                A robust online presence means it is critical for SMBs to
          WE WANT TO HELP                                       be able to seamlessly accept payments online. To that

                                               ”
       SMALL BUSINESSES UP
                                                                end, GoDaddy now enables them to integrate payments
        THEIR GAME SO THEY
       CAN OFFER THE SAME                                       into their web interfaces, allowing customers to purchase
      FLEXIBILITY OF LARGER                                     products with a single click, Goldfarb explained. The
      MERCHANTS IN A MUCH                                       company’s eCommerce store platform means businesses
                EASIER WAY.                                     can list up to 1,500 products with up to 10 photos per
                                                                product.

                                                                Payments can be made with the same payment types as
                                                                can be used for online appointments. GoDaddy partners
It also allows business owners to cut down on missed            with Square and Stripe to accept those payments.
revenue by collecting payments when customers first
book their appointments. Customers can pay by credit            “We want to help small businesses up their game so they
card, PayPal and Apple Pay, among other methods, and            can offer the same flexibility of larger merchants in a
payments are processed by Square.                               much easier way,” Goldfarb said. “Our goal is to power
                                                                an experience on a small businesses’ site that is going

Payments Powering Platforms Tracker™      © 2018 PYMNTS.com All Rights Reserved                                April 2018 | 8
Payments Powering Platforms - TRACKER - Amaryllis Payment
Feature Story

to help them win over customers, no matter where that           checkout, cart abandonment reminder emails, mobile-
customer is coming from or what they want to do.”               friendly websites and eCommerce stores, among others.

Helping small businesses grow bigger                            “Customer expectations are increasingly being pushed
                                                                higher and higher,” he added. “That’s because of the
While many of the SMBs that sign up to build an online
                                                                convenience, the price, all of the factors that lead to
store with GoDaddy are fledgling enterprises, most don’t
                                                                the positive interactions these customers are having by
plan to stay that way.
                                                                shopping online — whether it’s with Amazon Prime or
Entrepreneurs typically want to grow their businesses as        with a small business. We want to help businesses keep
big and as quickly as possible, but success and growth          up with those expectations by having an interface that is
come with challenges of their own. A growing company            simple for business owners, but offers a robust and full
requires owners to offer a wide variety of payment              set of features to customers.”
methods and features, particularly those that pertain to
                                                                Going forward, GoDaddy will continue to come up
the needs of their customers.
                                                                with other new payment features and tools to help
To tackle these challenges, GoDaddy works to offer              small businesses grow into big ones. After all, whether
tools to help SMB owners keep up with their growing             they’re salon savants, fashion gurus, master craftsmen or
businesses, Goldfarb said. These tools are often                represent another niche entirely, everyone needs to get
designed to help them compete with larger competitors           paid — and fast.
by offering many of the same features they offer. Along
with tools like the online calendar, the company provides
buy-online and pick up in-person services, one-tap

Payments Powering Platforms Tracker™      © 2018 PYMNTS.com All Rights Reserved                                April 2018 | 9
NEWSAND
  TRENDS

Partnering providers
Allianz, Visa partner for mobile payments, loyalty
Allianz Partners is turning to a payments giant for
help with its new mobile app. The company recently
announced it is working with Visa to create its Allianz
Prime payment solution, an offering that will allow
customers to make insurance payments on their mobile
devices and help them earn loyalty rewards through
Visa’s Wirecard-run loyalty program. It will also include
a smart spend tracker to help customers manage their
accounts and expenses.

Visa is providing security for the payment interface,
contributing a digital identifier or token assigned to each
                                                                  The partnership was announced at the recent Mobile
customer that replaces sensitive card or account details
                                                                  World Congress in Spain, and the services are available
and protects customer data. The app is currently being
                                                                  as of March 1, with one major restriction: The maximum
tested in Italy, according to the press release, and Allianz
                                                                  transfer amount is just RUB 100,000 (roughly $1,700
plans to roll it out to other markets in the near future.
                                                                  USD) per month. It allows subscribers to create a
Mastercard, MegaFon make mobile moves                             virtual Mastercard bank card via the MegaFon.Bank
                                                                  app. The card be used to make both online and offline
Visa isn’t the only payments giant looking to partner for
                                                                  purchases once linked to Apple Pay, Android Pay or
mobile money apps. Mastercard recently announced new
                                                                  Samsung Pay, and customers receive 20 percent cash
joint initiatives with Russian mobile phone and telecom
                                                                  back for every third purchase they make. Users can
operator MegaFon to enable the latter’s subscribers to
                                                                  create up to 10 virtual cards linked to one mobile phone
pay for purchases with their smartphones. Subscribers
                                                                  account, handing them out to family members while also
link their mobile accounts to a mobile wallet through
                                                                  monitoring their spending.
a virtual Mastercard card, and tokenize it via the
Mastercard platform.

Payments Powering Platforms Tracker™        © 2018 PYMNTS.com All Rights Reserved                              April 2018 | 10
News and Trends

Discover, FitPay announce new partnership                       said. Facebook and Google are cracking down on crypto-
                                                                related advertising, and the crypto space is experiencing
Discover has also joined the partnership game, teaming
                                                                disruption as regulatory entities take a closer look at
with startup technology platform FitPay to add Discover
                                                                digital currencies and the initial coin offerings (ICOs) that
to its platform. The move makes Discover the third
                                                                fund them.
major payment network to partner with FitPay, and its
capability will soon be added to the Garmin Dual Active 3
and Forerunner 645 smart watches, which began offering          Industry insights
FitPay last month.
                                                                Online spend increase leads to Vietnam payments
In a recent interview with PYMNTS, Michael and Chris            platforms boom
Orlando, FitPay’s co-founders, said the partnership             It seems that increased use of mobile and digital
will both enable device partners and end users to add           payments platforms is providing a boost to developing
digitized Discover cards to their accounts, and support         eCommerce economies, particularly the growing online
tokenization practices. FitPay is working to expand the         and mobile commerce sector in Vietnam. The country’s
platform to include bitcoin exchange and conversions.           digital payment volume jumped by 22 percent in 2017,
Its $29 Flip Internet of Things (IoT) device is in presale      according to VnExpress reports, and its consumers spent
with a public launch scheduled for Q2 2018. Flip has so         more than $6 billion via digital payments platforms. That
far met expectations despite marketing challenges, Chris        growth is expected to continue in the coming years, too,
                                                                with total volume projected to hit $12.3 billion by 2022.

                                                                Vietnam’s payments players are looking to meet
                                                                demand for digital payments as more consumers log
                                                                online to make purchases. Internet company VNG,
                                                                which owns popular mobile messaging app Zalo, has
                                                                announced plans to install ePayment service terminals
                                                                in 1,000 locations by the end of 2018, and state-owned
                                                                PetroVietnam Oil has released a mobile payments
                                                                platform of its own. Domestic payments provider MoMo
                                                                is working to expand its offering, giving residents the
                                                                ability to pay for online purchases, airline tickets, utility
                                                                bills and more via its payments platform.

                                                                Payments platforms power eCommerce in Saudi
                                                                Arabia
                                                                Meanwhile, Saudi Arabia’s domestic payments platform,
                                                                mada, is seeing a rapid increase in usage, with more
                                                                than 1.5 billion payments being made via the platform
                                                                last year. The country’s Monetary Authority now wants

Payments Powering Platforms Tracker™      © 2018 PYMNTS.com All Rights Reserved                                  April 2018 | 11
News and Trends

to use the network to power eCommerce payments,                  Funds are then draw from a linked account. The program
ATM processing and point-of-sale (POS) transactions,             is currently being piloted with plans to expand it to other
and mada is partnering with Mastercard to do so via its          countries following the test.
Payment Gateway Services technology.

According to the agreement, domestic online merchants
will now be able to accept mada cards as payment
on their websites. The partnership is aimed at driving
economic growth for the Saudi Arabian eCommerce
industry, according to general director of payment
systems Zaid Al Yousef, and would allow “Saudi
businesses to significantly increase their eCommerce
sales by offering consumers more flexibility and
convenience and diversify[ing] their available payment
options.”

Mobile payments mean cheaper electricity in
Africa
Can mobile payments platforms help impoverished
populations access basic utilities? That’s the plan in
Africa, where reports indicate mobile payments are
helping to power electricity and other utility payments in
Ghana, Kenya, Nigeria, Rwanda, Tanzania and Uganda.
Through a collaboration between local electric utility
M-KOPA and Mastercard’s Masterpass QR capabilities,
consumers in these countries are now able to pay for             Mobile movements
electricity as part of a “pay-as-you-go” program.
                                                                 WhatsApp adds P2P payments
Residents do not typically have access to traditional
                                                                 Popular Indian social messaging service WhatsApp, is
electrical services, forcing them to rely on bio and fossil
                                                                 adding payments to its platform. The company recently
fuels such as kerosene, wood, charcoal or solar power.
                                                                 announced it would launch a P2P payments feature
While solar power is often more reliable and cleaner than
                                                                 based on the Indian government’s Universal Payments
other options, it requires a large upfront investment that
                                                                 Interface (UPI), and that it would expand its supported
most residents can’t afford. The M-KOPA and Mastercard
                                                                 payment types by rolling out the ability to use QR codes
partnership is designed to defray the cost of solar power
                                                                 for payments. Incorporating new payment capabilities
by allowing them to pay on a rolling basis rather than up
                                                                 will give WhatsApp users access to additional features
front.
                                                                 inside the app, thus incentivizing them to spend more
Customers can now make regular payments to their solar           time on it more often.
electricity accounts by scanning a Masterpass QR code
via smartphone or entering the associated merchant ID.

Payments Powering Platforms Tracker™       © 2018 PYMNTS.com All Rights Reserved                                April 2018 | 12
News and Trends

Other payments players in the country — including              Google Pay for the service to work, and riders must hold
Google’s Tez and Paytm — are also making P2P plays.            their phones near the fare gate for admission.
Both recently launched chat features, but WhatsApp has
                                                               This news follows a February announcement that Google
an advantage: It already boasts more than 200 million
                                                               would launch a mobile app to help manage payments
unique users.
                                                               across platforms, cards and other methods. This is in
Now boarding at the Las Vegas Monorail: Google                 addition to its plans to make Google Pay accessible to
Pay                                                            all — regardless of device, shopping platform or current
                                                               account on a Google property. The goal? To enable easy,
Google is hopping aboard the transportation ticketing
                                                               secure payments for anyone, anywhere in the digital or
industry, recently announcing its Google Pay mobile
                                                               physical world, and all using a single account — the holy
wallet offering can now be used to pay for Las Vegas
                                                               grail of modern payments.
Monorail tickets. In a blog post, group product manager
Prakash Hariramani said the Las Vegas Monorail is              Chase lets customers buy gas from inside their
already powered by tech company NXP’s MIFARE                   cars
contactless technology, enabling it to accept digital
payments for tickets.                                          If a new integration catches on, getting out of the car at
                                                               the gas station could soon become a thing of the past.
Customers can now purchase their tickets online, save          Shell recently announced it would expand its existing
them to Google Pay and use their phones to ride,               partnership with Chase Pay to allow customers to pay
according to Hariramani, and all without opening the           for gas from inside their cars. The companies are also
Google Pay app. Users must have the latest version of          offering financial rewards, including a free rewards
                                                               card that provides cash-back bonuses on expenses like
                                                               traveling, dining and gas as part of Shell’s Fuel Rewards
                                                               Program.

                                                               The expanded service is making its debut in Denver,
                                                               Chicago and Dallas, and will be expanded to other
                                                               markets if the integration proves successful. The
                                                               partnership first launched in 2016, originally enabling
                                                               customers to pay for gas at the pump using their mobile
                                                               phones.

Payments Powering Platforms Tracker™     © 2018 PYMNTS.com All Rights Reserved                                April 2018 | 13
Methodology | Top Ten Rankings

The PYMNTS.com Payments Powering Platforms Tracker™ is designed to give an overview of the trends and activities
across the B2B payments platforms delivering on those services. Companies included in the Tracker Scorecard have
been scored on five primary criteria:

                                                           Merchant Onboarding
                                                         How flexible and fast a platform’s
                                                         user experience is, and whether it
                                                          includes merchant underwriting

       Settlement/                                                                                                              Payment
       Payouts                                                                                                                Processing
       How fast a platform                                                                                              How fast processing
       is across different                                                                                             is, which channel and
       channels and                                                                                                        payment types are
       payment types                                                                                                        accepted and the

                                                               PAYMENTS                                                         area it covers

                                                            POWERING
                                                              PLATFORMS

                             Risk                                                                      Enablement
                             Management                                                           and Value Added
                             and Compliance
                                                                                              Whether a platform offers
                             Whether a platform offers                                         merchant/player support,
                             security and compliance                                           third-party features and a
                             services                                                         dedicated point of contact

Payments Powering Platforms Tracker™                © 2018 PYMNTS.com All Rights Reserved                                              April 2018 | 14
Methodology | Top Ten Rankings

The Top 20 rankings represent the highest scoring companies in the Tracker’s Scorecard based on PYMNTS.com’s
proprietary methodology. The methodology evaluates providers based on the speed, flexibility, processing, security,
risk management, compliance, enablement and value-added services offered.

              01                                92                   06                               77

              02                                91                   07                               73

              03                                83                   08                               71

                                                                                                            TIE
              04                                81                   08                               71
                                                                                                            TIE

              05                                78                  10                                70

PYMNTS will periodically update scores based on new developments. If you would like your company to be considered
for inclusion in the Tracker’s Scorecard, or wish to have an existing listing reconsidered for an update, please head over
to our profile submission/update page.

Payments Powering Platforms Tracker™       © 2018 PYMNTS.com All Rights Reserved                              April 2018 | 15
Scorecard                                                                      Note: Companies are listed in alphabetical order.

                                                        52
                Merchant Onboarding

                                                         12
                                        9                                    8
                    Settlement                                                                    Payment
                      Payout                                                                     Processing

                                                                                                              Risk
                                  15                                                    8
       Enablement &
                                                                                                          Management
        Value Added
                                                                                                          & Compliance

                             Company: 2C2P       Founded: 2003             Headquarters: USA

2C2P is a Singapore-based payment services provider offering services for online and mobile merchants, banks and
other financial institutions.

                                                        49
                Merchant Onboarding

                                                         12
                                       12                                    4
                    Settlement                                                                    Payment
                      Payout                                                                     Processing

                                                                                                              Risk
                                                                                        6
       Enablement &
        Value Added               15                                                                      Management
                                                                                                          & Compliance

                         Company: 2Checkout         Founded: 1999                Headquarters: USA

2Checkout is a payment platform that enables merchants to accept online and mobile payments from customers.
The platform is used by over 50,000 merchants and supports transactions in 196 countries through eight payment
methods, 26 currencies and 15 languages.

Payments Powering Platforms Tracker™     © 2018 PYMNTS.com All Rights Reserved                                        April 2018 | 16
46
                Merchant Onboarding

                                                           0
                                        4                                   12
                    Settlement                                                             Payment
                      Payout                                                              Processing

                                                                                                      Risk
                                  15                                               15
       Enablement &
                                                                                                  Management
        Value Added
                                                                                                  & Compliance

                      Company: Adyen         Founded: 2006             Headquarters: Netherlands

Adyen is a technology company that aims to provide businesses with a single solution to accept payments anywhere in
the world. The company offers an end-to-end infrastructure connecting merchants directly to Visa, Mastercard and 250
other payment methods globally.

                                                        48
                Merchant Onboarding

                                                           5
                                       12                                    9
                    Settlement                                                             Payment
                      Payout                                                              Processing

                                                                                                      Risk
                                                                                     7
       Enablement &
        Value Added               15                                                              Management
                                                                                                  & Compliance

                           Company: Airpay       Founded: 2012              Headquarters: India

Airpay offers online payment gateway solutions for eCommerce and retail markets. The company’s solutions include a
PCIDSS Compliant IVR Payment Gateway, along with net banking and mobile Point-Of-Sale systems.

Payments Powering Platforms Tracker™     © 2018 PYMNTS.com All Rights Reserved                           April 2018 | 17
70
                Merchant Onboarding

                                                         20
                                        4                                   12
                    Settlement                                                             Payment
                      Payout                                                              Processing

                                                                                                     Risk
                                  25                                               9
       Enablement &
                                                                                                 Management
        Value Added
                                                                                                 & Compliance

              Company: Amaryllis Payment Solutions             Founded: 2015        Headquarters: USA

Amaryllis’ customized and modular solution is intended to solve the unique business needs of each acquirer or third-
party payment model, providing functionality such as instant onboarding, split payments, payout management and
reconciliation.

                                                        51
                Merchant Onboarding

                                                           5
                                       15                                   10
                    Settlement                                                             Payment
                      Payout                                                              Processing

                                                                                                     Risk
                                                                                   6
       Enablement &
        Value Added               15                                                             Management
                                                                                                 & Compliance

                 Company: Atom Technologies Ltd            Founded: 2006         Headquarters: India

Atom Technologies is an omni channel payment services provider offering a range of secure, efficient
payment services and solutions through online and offline platforms.

Payments Powering Platforms Tracker™     © 2018 PYMNTS.com All Rights Reserved                             April 2018 | 18
34
                Merchant Onboarding

                                                           0
                                         4                                   2
                    Settlement                                                            Payment
                      Payout                                                             Processing

                                                                                                     Risk
                                  18                                             10
       Enablement &
                                                                                                 Management
        Value Added
                                                                                                 & Compliance

               Company: Auction Payment Network               Founded: 2010        Headquarters: USA

Auction Payment Network (APN) is a provider of online payment processing solutions for online sellers. The company
also offers invoicing, reporting and reconciliation services in a PCI-complaint environment.

                                                        44
                Merchant Onboarding

                                                           5
                                       12                                    4
                    Settlement                                                            Payment
                      Payout                                                             Processing

                                                                                                     Risk
                                                                                   8
       Enablement &
        Value Added               15                                                             Management
                                                                                                 & Compliance

                      Company: AsiaPay        Founded: 2000             Headquarters: Hong Kong

AsiaPay is a payment services provider, electronic payment solution and technology vendor. It focuses on integrated
electronic payment processing solutions and services for banks and eCommerce businesses, including credit cards,
debit cards, bank accounts and online banking, among other payment methods.

Payments Powering Platforms Tracker™     © 2018 PYMNTS.com All Rights Reserved                            April 2018 | 19
43
                Merchant Onboarding

                                                           5
                                        10                                       8
                    Settlement                                                              Payment
                      Payout                                                               Processing

                                                                                                     Risk
                                                                                      5
       Enablement &
        Value Added                15                                                            Management
                                                                                                 & Compliance

                       Company: Authorize.Net         Founded: 1996              Headquarters: USA

Authorize.Net is a payment gateway service provider allowing merchants to accept credit card and electronic check
payments through their website and over an IP connection.

                                                        50
                Merchant Onboarding

                                                           5
                                        12                                   9
                    Settlement                                                              Payment
                      Payout                                                               Processing

                                                                                                     Risk
                                                                                      9
       Enablement &
        Value Added               15                                                             Management
                                                                                                 & Compliance

                        Company: Bambora         Founded: 2015             Headquarters: Sweden

Bambora offers payment solutions for small and medium-sized businesses (SMBs). The company’s simple-to-launch
platforms integrate with existing operations to help small businesses accept new payment types.

Payments Powering Platforms Tracker™     © 2018 PYMNTS.com All Rights Reserved                           April 2018 | 20
46
                Merchant Onboarding                                                                                     New!

                                                           12
                                           12                                  6
                    Settlement                                                               Payment
                      Payout                                                                Processing

                                                                                                        Risk
                                       8                                              8
       Enablement &
                                                                                                    Management
        Value Added
                                                                                                    & Compliance

                          Company: BitPesa         Founded: 2013              Headquarters: Kenya

BitPesa is an online payments platform that leverages blockchain settlement to lower the cost and increase the
speed of business payments to, from and within Sub-Saharan Africa. Its clients range from African businesses
and multinational companies paying suppliers in China and Dubai to international remittance companies using its
application program interface (API) services. The API allows for white-label payments to dozens of bank networks and
mobile money operators across Nigeria, Kenya, Uganda, Tanzania, Senegal and the Democratic Republic of Congo.

                                                          54
                Merchant Onboarding

                                                           12
                                           4                                   8
                    Settlement                                                               Payment
                      Payout                                                                Processing

                                                                                                        Risk
                                                                                     15
       Enablement &
        Value Added               15                                                                Management
                                                                                                    & Compliance

               Company: Bluefin Payments Systems                Founded: 2007         Headquarters: USA

Bluefin Payment Systems develops integrated, secure payment technologies for independent software vendors, large
enterprises and small and medium-sized businesses. Also, it provides point-to-point encryption solutions.

Payments Powering Platforms Tracker™       © 2018 PYMNTS.com All Rights Reserved                           April 2018 | 21
69
                Merchant Onboarding

                                                             5
                                           4                                  10
                    Settlement                                                                  Payment
                      Payout                                                                   Processing

                                                                                                           Risk
                                  25                                                    25
       Enablement &
                                                                                                       Management
        Value Added
                                                                                                       & Compliance

                           Company: BluePay         Founded: 2003              Headquarters: USA

BluePay provides credit card payment processing services for enterprises, small and medium-sized businesses in
the United States and Canada. The company also offers real-time settlement, reporting, reconciliation and security
features such as tokenization and point-to-point encryption.

                                                          34
                Merchant Onboarding

                                                             5
                                           9                                   6
                    Settlement                                                                  Payment
                      Payout                                                                   Processing

                                                                                                           Risk
                                                                                          6
       Enablement &
        Value Added                    8                                                               Management
                                                                                                       & Compliance

                          Company: BlueSnap          Founded: 2002                 Headquarters: USA

BlueSnap is a global payments technology company that aims to optimize global and mobile checkout and drives
higher payment conversions. The company’s Powered Buy Platform is designed to boost growth for businesses.

Payments Powering Platforms Tracker™       © 2018 PYMNTS.com All Rights Reserved                              April 2018 | 22
69
                Merchant Onboarding

                                                         13
                                        7                                        9
                    Settlement                                                             Payment
                      Payout                                                              Processing

                                                                                                       Risk
                                                                                     15
       Enablement &
        Value Added                25                                                              Management
                                                                                                   & Compliance

                          Company: Braintree       Founded: 2007             Headquarters: USA

Braintree provides the global commerce tools to build businesses, accept payments and enable commerce for their
users.

                                                        42
                Merchant Onboarding

                                                           5
                                        12                                       4
                    Settlement                                                             Payment
                      Payout                                                              Processing

                                                                                                       Risk

                                                                                     6
       Enablement &
        Value Added                15                                                              Management
                                                                                                   & Compliance

                        Company: Cardinity     Founded: 2007             Headquarters: Lithuania

Click2Sell offers Cardinity, a licensed payment institution regulated by the Central Bank of the Republic of Lithuania
and active in the European Union. The company is registered to provide Visa Europe and Mastercard with International
payment cards processing platforms in the European Union.

Payments Powering Platforms Tracker™     © 2018 PYMNTS.com All Rights Reserved                            April 2018 | 23
58
                Merchant Onboarding

                                                           12
                                           9                                  11
                    Settlement                                                                 Payment
                      Payout                                                                  Processing

                                                                                                           Risk
                                                                                        11
       Enablement &
        Value Added                15                                                                  Management
                                                                                                       & Compliance

                            Company: Cayan         Founded: 1998              Headquarters: USA

Cayan is a provider of platform payment technologies. The company works to streamline the buying process by
providing credit card payment acceptance solutions for small businesses.

                                                          43
                Merchant Onboarding

                                                           12
                                           9                                       6
                    Settlement                                                                 Payment
                      Payout                                                                  Processing

                                                                                                           Risk

                                                                                         8
       Enablement &
        Value Added                    8                                                               Management
                                                                                                       & Compliance

                         Company: Chargebee           Founded: 2011                Headquarters: USA

Chargebee is a subscription management and recurring billing platform. The company’s solution enables users to send
invoices as well as manage and analyze their eCommerce businesses.

Payments Powering Platforms Tracker™       © 2018 PYMNTS.com All Rights Reserved                              April 2018 | 24
60
                Merchant Onboarding

                                                         20
                                        9                                        7
                    Settlement                                                                Payment
                      Payout                                                                 Processing

                                                                                                       Risk
                                                                                        9
       Enablement &
        Value Added                15                                                              Management
                                                                                                   & Compliance

                          Company: Chargent        Founded: 2012             Headquarters: USA

Chargent develops payment applications and gateways. The company’s products include Payment Processing for
Salesforce a payments application on the Salesforce AppExchange. Chargent offers credit card and ACH acceptance
and offers recurring billing, and customer data management features.

                                                        65
                Merchant Onboarding

                                                         20
                                        4                                    6
                    Settlement                                                                Payment
                      Payout                                                                 Processing

                                                                                                       Risk
                                  25                                                  10
       Enablement &
                                                                                                   Management
        Value Added
                                                                                                   & Compliance

                     Company: Charity Checkout           Founded: 2009               Headquarters: UK

Charity Checkout is a social enterprise that offers customized payment processing systems, websites and fundraising
platforms for its clients across the U.K. The company has helped charities raise over £9 million in online donations.

Payments Powering Platforms Tracker™     © 2018 PYMNTS.com All Rights Reserved                             April 2018 | 25
32
                Merchant Onboarding

                                                             0
                                           9                                       8
                    Settlement                                                                  Payment
                      Payout                                                                   Processing

                                                                                                          Risk
                                                                                        15
       Enablement &
        Value Added                    0                                                              Management
                                                                                                      & Compliance

                    Company: Chase Paymentech              Founded: 1985               Headquarters: USA

Chase Paymentech offers payment processing, including both mobile payment processing and POS processing, along
with authorization services, analytics, security features and other solutions.

                                                          50
                Merchant Onboarding

                                                           12
                                           9
                                                                                                Payment
                                                                                   6
                    Settlement
                      Payout                                                                   Processing

                                                                                                          Risk
       Enablement &
        Value Added                15                                                     8           Management
                                                                                                      & Compliance

                    Company: ChronoPay           Founded: 2003             Headquarters: Netherlands

ChronoPay is an internet payment service provider enabling eCommerce companies to accept bank cards and
electronic cash online payments for their goods and services. Its solutions are designed for airlines, tourism, retail
trade, entertainment industry, publishing and education industries.

Payments Powering Platforms Tracker™       © 2018 PYMNTS.com All Rights Reserved                                April 2018 | 26
58
                Merchant Onboarding

                                                            0
                                         4                                    9
                    Settlement                                                                 Payment
                      Payout                                                                  Processing

                                                                                                          Risk
                                  25                                                    20
       Enablement &
                                                                                                      Management
        Value Added
                                                                                                      & Compliance

               Company: Clarus Merchant Services              Founded: 1999              Headquarters: USA

Clarus Merchant Services is a payment processor that provides POS solutions, online payment processing and other
services to companies, such as ERPs.

                                                         49
                Merchant Onboarding

                                                            5
                                         9                                   11
                    Settlement                                                                 Payment
                      Payout                                                                  Processing

                                                                                                          Risk
                                                                                         9
       Enablement &
        Value Added               15                                                                  Management
                                                                                                      & Compliance

                          Company: Creditcall        Founded: 1997                Headquarters: USA

Creditcall provides a mobile processing platform for attended, unattended and online retail environments. The
company also offers an EMV-certified payment gateway, EMV mitigation services and other payment services.

Payments Powering Platforms Tracker™      © 2018 PYMNTS.com All Rights Reserved                              April 2018 | 27
48
                Merchant Onboarding

                                                           8
                                       9                                     8
                    Settlement                                                                Payment
                      Payout                                                                 Processing

                                                                                                       Risk
                                  15                                                   8
       Enablement &
                                                                                                   Management
        Value Added
                                                                                                   & Compliance

           Company: CyberSource Payment Management                  Founded: 2010          Headquarters: USA

CyberSource, a payment gateway and merchant services provider, focuses on the active management of the payment
process, from payment acceptance and order screening through reconciliation and payment security.

                                                        55
                Merchant Onboarding                                                                                    New!

                                                         12
                                       12                                    9
                    Settlement                                                                Payment
                      Payout                                                                 Processing

                                                                                                       Risk
                                                                                       7
       Enablement &
        Value Added               15                                                               Management
                                                                                                   & Compliance

                     Company: Dream Payments          Founded: 2014              Headquarters: Canada

Dream Payments enables merchants to sell everywhere using mobile devices. Its cloud-based payments platform
combined with its mobile point-of-sale (mPOS) device allow merchants to accept credit and debit cards, access rich
analytics and reports, and provide digital receipts to customers.

Payments Powering Platforms Tracker™     © 2018 PYMNTS.com All Rights Reserved                            April 2018 | 28
46
                Merchant Onboarding

                                                             5
                                        12                                     6
                    Settlement                                                                Payment
                      Payout                                                                 Processing

                                                                                                         Risk
                                  15                                                  8
       Enablement &
                                                                                                     Management
        Value Added
                                                                                                     & Compliance

                                Company: Due      Founded: 2015           Headquarters: USA

Due provides time tracking and invoice tools for small business owners and freelancers. It offers a digital wallet, online
bank and online payment acceptance services.

                                                          54
                Merchant Onboarding

                                                           15
                                        10                                     5
                    Settlement                                                                Payment
                      Payout                                                                 Processing

                                                                                                         Risk
                                                                                      6
       Enablement &
        Value Added               18                                                                 Management
                                                                                                     & Compliance

                           Company: Dwolla          Founded: 2010             Headquarters: USA

Dwolla provides a service for bank transfers (i.e., ACH transactions) for platforms. Customers can use branded or
white-label APIs to verify bank accounts instantly, transfer payments, keep balances or route funds directly to bank
account and routing numbers.

Payments Powering Platforms Tracker™       © 2018 PYMNTS.com All Rights Reserved                              April 2018 | 29
73
                Merchant Onboarding

                                                         13
                                       4                                    11
                    Settlement                                                            Payment
                      Payout                                                             Processing

                                                                                                     Risk
                                  25                                               20
       Enablement &
                                                                                                 Management
        Value Added
                                                                                                 & Compliance

                           Company: Elavon        Founded: 1991             Headquarters: USA

Elavon is a provider of payment processing solutions for large worldwide enterprises and locally owned small
businesses. The company aims to deliver flexible and secure alternatives for their customers.

                                                        46
                Merchant Onboarding                                                                                    New!

                                                           5
                                       12                                    7
                    Settlement                                                            Payment
                      Payout                                                             Processing

                                                                                                     Risk
                                                                                    7
       Enablement &
        Value Added               15                                                             Management
                                                                                                 & Compliance

                   Company: Electronic Payments           Founded: 1998          Headquarters: USA

Electronic Payments is a payments processing company that is continuously evolving its offerings to meet the
expanding needs of its business partners. From EMV-ready solutions to advanced point-of-sale (POS) systems, its
products are customizable and may be tailored exclusively to each business partner.

Payments Powering Platforms Tracker™     © 2018 PYMNTS.com All Rights Reserved                            April 2018 | 30
56
                Merchant Onboarding

                                                              5
                                           12                                  13
                    Settlement                                                                 Payment
                      Payout                                                                  Processing

                                                                                                        Risk
                                                                                         8
       Enablement &
        Value Added               18                                                                Management
                                                                                                    & Compliance

                        Company: eMoney            Founded: Unknown                 Headquarters: USA

ETS developed and maintains the eMoney Commerce Platform, an end-to-end encrypted solution. The platform
processes face-to-face and back-office transactions, along with payment via eCommerce and mobile payment
applications.

                                                           40
                Merchant Onboarding

                                                              5
                    Settlement
                      Payout               9                                    9
                                                                                               Payment
                                                                                              Processing

                                                                                                        Risk
                                       8                                                 9
       Enablement &
                                                                                                    Management
        Value Added
                                                                                                    & Compliance

                             Company: EPX          Founded: 1979              Headquarters: USA

EPX is a unified processing platform. The company offers end-to-end payment solutions for merchants, banks, ISOs
and other businesses.

Payments Powering Platforms Tracker™        © 2018 PYMNTS.com All Rights Reserved                          April 2018 | 31
48
                Merchant Onboarding

                                                              5
                                           15                                  12
                    Settlement                                                                Payment
                      Payout                                                                 Processing

                                                                                                       Risk
                                       8                                                8
       Enablement &
                                                                                                   Management
        Value Added
                                                                                                   & Compliance

                   Company: EVO Payments               Founded: Unknown              Headquarters: USA

EVO Payments International is a payments service provider of merchant acquiring and processing solutions. The
company offers solutions for merchants, financial institutions, independent software vendors, independent sales
organizations, government organizations and multinational corporations located throughout North America and
Europe.

                                                           43
                Merchant Onboarding

                                                              5
                                           7
                                                                                              Payment
                                                                                7
                    Settlement
                      Payout                                                                 Processing

                                                                                                       Risk
       Enablement &
        Value Added               15                                                    9          Management
                                                                                                   & Compliance

                 Company: E-xact Transactions             Founded: 1998             Headquarters: Canada

E-xact Transactions is a Canada-based eCommerce software company providing transaction solutions and specializing
in PCI security techniques and risk management. E-xact offers secure, real-time credit card transaction processing.

Payments Powering Platforms Tracker™        © 2018 PYMNTS.com All Rights Reserved                          April 2018 | 32
56
                Merchant Onboarding

                                                             12
                                         9                                      11
                    Settlement                                                                Payment
                      Payout                                                                 Processing

                                                                                                        Risk
                                  15                                                    9
       Enablement &
                                                                                                    Management
        Value Added
                                                                                                    & Compliance

                              Company: FIS         Founded: 1968              Headquarters: USA

FIS offers payment processing solutions. The company’s products are designed to accept payments in-store, over the
phone, at ATMs or via digital channels.

                                                            57
                Merchant Onboarding

                                                             20
                    Settlement
                      Payout             4                                       4
                                                                                              Payment
                                                                                             Processing

                                                                                                        Risk
                                  25                                                    4
       Enablement &
                                                                                                    Management
        Value Added
                                                                                                    & Compliance

                            Company: Fiserv          Founded: 1984              Headquarters: USA

Fiserv offers financial services technology and services. The company’s solutions are designed for mobile and online
banking, payments, risk management, data analytics and core account processing.

Payments Powering Platforms Tracker™         © 2018 PYMNTS.com All Rights Reserved                          April 2018 | 33
57
                Merchant Onboarding

                                                           12
                                           12                                  9
                    Settlement                                                              Payment
                      Payout                                                               Processing

                                                                                                      Risk
                                                                                      9
       Enablement &
        Value Added               15                                                              Management
                                                                                                  & Compliance

                            Company: Flagship       Founded: 2001             Headquarters: USA

Flagship Merchant Services offers a credit card processing platform. The company has partnered with several other
service providers in the space and specializes in credit card fraud, loss prevention and chargebacks.

                                                          31
                Merchant Onboarding

                                                             8
                                           4                                   7
                    Settlement                                                              Payment
                      Payout                                                               Processing

                                                                                                      Risk
                                       7                                              5
       Enablement &
                                                                                                  Management
        Value Added
                                                                                                  & Compliance

                 Company: Forte Payment Systems               Founded: 1998          Headquarters: USA

Forte offers a multiplatform service as well as a payment gateway for nonprofit organizations, government, among
others. The company also provides comprehensive reporting of security for all the transactions performed on their
platform.

Payments Powering Platforms Tracker™       © 2018 PYMNTS.com All Rights Reserved                          April 2018 | 34
48
                Merchant Onboarding

                                                        12
                                       9                                    6
                    Settlement                                                             Payment
                      Payout                                                              Processing

                                                                                                     Risk
                                  15                                                 6
       Enablement &
                                                                                                 Management
        Value Added
                                                                                                 & Compliance

                         Company: Fortumo      Founded: 2007             Headquarters: Estonia

Fortumo is a mobile payments platform that enables direct carrier billing with more than 350 mobile operators in
90+ countries. The company’s payment products work across a wide range of platforms including desktop devices,
smartphones, feature phones, tablets and smart TVs.

                                                       53
                Merchant Onboarding

                                                        12
                                       4                                    7
                    Settlement                                                             Payment
                      Payout                                                              Processing

                                                                                                     Risk
                                                                                    15
       Enablement &
        Value Added               15                                                             Management
                                                                                                 & Compliance

                       Company: Freedom Pay          Founded: 2000              Headquarters: USA

FreedomPay is a white-label eCommerce platform designed to provide cashless solutions for banks, retailers and
health care organizations. The company complies with the PCI Security Standards Council since it offers NFC
capabilities.

Payments Powering Platforms Tracker™    © 2018 PYMNTS.com All Rights Reserved                            April 2018 | 35
51
                Merchant Onboarding

                                                         13
                    Settlement
                      Payout           9                                     6
                                                                                             Payment
                                                                                            Processing

                                                                                                         Risk
                                  15                                                   8
       Enablement &
                                                                                                     Management
        Value Added
                                                                                                     & Compliance

                         Company: FuturePay         Founded: 2013                Headquarters: USA

FuturePay is a payment option that enables consumers to shop online without a credit card. FuturePay is a non-credit
card payment option giving shoppers the ability to buy now and pay later from any device.

                                                        45
                Merchant Onboarding

                                                           5
                                       9                                     8
                    Settlement                                                               Payment
                      Payout                                                                Processing

                                                                                                         Risk
                                  15                                                   8
       Enablement &
                                                                                                     Management
        Value Added
                                                                                                     & Compliance

                      Company: G2A PAY        Founded: 2015              Headquarters: Hong Kong

G2A PAY offers a payment and checkout solution which can be customized by merchants. It provides plugins to
several popular CMS platforms for simplified integration.

Payments Powering Platforms Tracker™     © 2018 PYMNTS.com All Rights Reserved                              April 2018 | 36
61
                Merchant Onboarding

                                                          12
                                       12                                    11
                    Settlement                                                               Payment
                      Payout                                                                Processing

                                                                                                       Risk
                                  15                                                 11
       Enablement &
                                                                                                   Management
        Value Added
                                                                                                   & Compliance

                      Company: GlobalOnePay            Founded: 2003              Headquarters: USA

GlobalOnePay® is a leading provider of omnichannel payment processing technologies and merchant platforms.
The company’s modular, scalable, cloud-based offering works to enable businesses to grow accept a wide range of
payments. GlobalOnePay also provides a range of merchant services designed to help businesses increase sales and
efficiencies for online, in-store and mobile purchases.

                                                         55
                Merchant Onboarding

                                                          20
                                        9                                     6
                    Settlement                                                               Payment
                      Payout                                                                Processing

                                                                                                       Risk
                                                                                       5
       Enablement &
        Value Added               15                                                               Management
                                                                                                   & Compliance

                       Company: Golden Giving          Founded: 2011              Headquarters: U.K.

Golden Giving is a donation and fundraising website that is free to use for charities, donors and fundraisers. The
company supports domestic and overseas charities and causes. Organizations use the Golden Giving website to
support, extend and enhance their own fundraising and donation platforms.

Payments Powering Platforms Tracker™      © 2018 PYMNTS.com All Rights Reserved                              April 2018 | 37
60
                Merchant Onboarding

                                                        12
                                       4                                    9
                    Settlement                                                               Payment
                      Payout                                                                Processing

                                                                                                         Risk
                                  25                                                 10
       Enablement &
                                                                                                     Management
        Value Added
                                                                                                     & Compliance

                      Company: Greater Giving         Founded: 2002              Headquarters: USA

Greater Giving was born out of the desire of shortening benefit auction checkout lines. The company provides support
with training classes, videos and resources, and ongoing phone, email and live chat coverage for its clients.

                                                       67
                Merchant Onboarding

                                                        20
                                       4                                   13
                    Settlement                                                               Payment
                      Payout                                                                Processing

                                                                                                         Risk
                                  15                                                 15
       Enablement &
                                                                                                     Management
        Value Added
                                                                                                     & Compliance

                         Company: Handpoint        Founded: 2009                Headquarters: U.K.

Handpoint provides a payment solution as a service for POS, delivering pre-certified chip and contactless payments
to POS developers, without the need of extra certifications. The company provides services in North America, Europe
and South Africa.

Payments Powering Platforms Tracker™    © 2018 PYMNTS.com All Rights Reserved                               April 2018 | 38
56
                Merchant Onboarding

                                                          12
                                       12                                    10
                    Settlement                                                                 Payment
                      Payout                                                                  Processing

                                                                                                          Risk
                                                                                         7
       Enablement &
        Value Added               15                                                                  Management
                                                                                                      & Compliance

                          Company: Heartland        Founded: 1997                 Headquarters: USA

Heartland Payment Systems, Inc., provides a payment processing platform to merchants in the U.S. and Canada. This
involves facilitating the exchange of information and funds between merchants and a cardholder’s financial institutions,
providing electronic payment processing services to merchants, transaction authorization and electronic draft capture,
clearing and settlement, merchant accounting, merchant assistance, and support and risk management.

                                                         54
                Merchant Onboarding

                                                          12
                    Settlement
                      Payout            9                                     9
                                                                                               Payment
                                                                                              Processing

                                                                                                          Risk
                                  15                                                     9
       Enablement &
                                                                                                      Management
        Value Added
                                                                                                      & Compliance

                       Company: Heidelpay        Founded: 2003              Headquarters: Germany

Heidelberger Payment GmbH (Heidelpay) provides electronic payment processing services ranging from transaction
processing to risk monitoring and management.

Payments Powering Platforms Tracker™      © 2018 PYMNTS.com All Rights Reserved                              April 2018 | 39
68
                Merchant Onboarding

                                                            5
                                       10                                    13
                    Settlement                                                               Payment
                      Payout                                                                Processing

                                                                                                        Risk
                                                                                     25
       Enablement &
        Value Added               15                                                                Management
                                                                                                    & Compliance

                         Company: Ingenico        Founded: 1996              Headquarters: France

Ingenico Group provides payment services for in-store, online and mobile channels and serves financial institutions,
retailers and merchants of all sizes.

                                                         63
                Merchant Onboarding

                                                          20
                                       12                                     8
                    Settlement                                                               Payment
                      Payout                                                                Processing

                                                                                                        Risk
                                                                                      8
       Enablement &
        Value Added               15                                                                Management
                                                                                                    & Compliance

                          Company: Instamojo        Founded: 2012             Headquarters: India

Instamojo is a web- and mobile-based platform enabling consumers and small businesses to collect payments online
by sharing a link. The link can be shared via SMS, WhatsApp, email, social channels, websites and blogs.

Payments Powering Platforms Tracker™      © 2018 PYMNTS.com All Rights Reserved                             April 2018 | 40
39
                Merchant Onboarding

                                                              5
                                        9                                       4
                    Settlement                                                               Payment
                      Payout                                                                Processing

                                                                                                        Risk
                                  15                                                   6
       Enablement &
                                                                                                    Management
        Value Added
                                                                                                    & Compliance

                          Company: iPay88        Founded: 2006             Headquarters: Malaysia

iPay88 is a payment gateway provider. Its platform offers merchants eCommerce and online payment services.

                                                           50
                Merchant Onboarding

                                                              5
                                       12                                       9
                    Settlement                                                               Payment
                      Payout                                                                Processing

                                                                                                        Risk
                                                                                       9
       Enablement &
        Value Added               15                                                                Management
                                                                                                    & Compliance

                            Company: JetPay          Founded: 1999             Headquarters: USA

JetPay offers technology solutions for the eCommerce and card-not-present marketplace, including processing and
acquiring platforms.

Payments Powering Platforms Tracker™        © 2018 PYMNTS.com All Rights Reserved                          April 2018 | 41
48
                Merchant Onboarding

                                                              5
                                       15                                       7
                    Settlement                                                               Payment
                      Payout                                                                Processing

                                                                                                       Risk
                                  15                                                   6
       Enablement &
                                                                                                   Management
        Value Added
                                                                                                   & Compliance

                             Company: Judopay         Founded: 2012            Headquarters: UK

Judopay helps online merchants accept credit card and alternative payments. The company’s solution is designed for
easy integration, an enjoyable user experience and safer transactions.

                                                           49
                Merchant Onboarding

                                                            12
                                       12                                       6
                    Settlement                                                               Payment
                      Payout                                                                Processing

                                                                                                       Risk
                                                                                       4
       Enablement &
        Value Added               15                                                               Management
                                                                                                   & Compliance

                          Company: Klarna         Founded: 2005             Headquarters: Sweden

Klarna provides eCommerce payment platforms for merchants and shoppers. Klarna separates buying from paying by
allowing customers to pay for ordered goods after receiving them, providing them with a safe after-delivery payment
solution.

Payments Powering Platforms Tracker™        © 2018 PYMNTS.com All Rights Reserved                         April 2018 | 42
49
                Merchant Onboarding

                                                              8
                                           15                                  12
                    Settlement                                                                   Payment
                      Payout                                                                    Processing

                                                                                                            Risk
                                                                                          6
       Enablement &
        Value Added                    8                                                                Management
                                                                                                        & Compliance

                         Company: MagicPay            Founded: 2010                 Headquarters: USA

MagicPay offers credit card processing for all platform merchants. Services include mobile payment processing, retail
solutions and a virtual payment gateway with recurring billing option for eCommerce merchants.

                                                           59
                Merchant Onboarding

                                                              8
                                           9                                    9
                    Settlement                                                                   Payment
                      Payout                                                                    Processing

                                                                                                            Risk
                                                                                         15
       Enablement &
        Value Added               18                                                                    Management
                                                                                                        & Compliance

                           Company: MagTek           Founded: 1972              Headquarters: USA

MagTek is a manufacturer of electronic devices and systems for the issuance, reading, transmission and security of
cards, checks, PINs and other identification documents. Its products include secure card readers, check scanners, PIN
pads and distributed credential issuing systems. These products are used by financial institutions, retailers, hotels, law
enforcement agencies and other organizations to provide electronic payment and identification transactions.

Payments Powering Platforms Tracker™        © 2018 PYMNTS.com All Rights Reserved                              April 2018 | 43
65
                Merchant Onboarding

                                                           12
                                           4                                   6
                    Settlement                                                               Payment
                      Payout                                                                Processing

                                                                                                         Risk
                                                                                      25
       Enablement &
        Value Added               18                                                                 Management
                                                                                                     & Compliance

                   Company: MangoPay             Founded: 2013              Headquarters: Luxembourg

MangoPay is a payments app developed for marketplaces, crowdfunding platforms and collaborative consumption
platforms that can accept third-party payments.

                                                          53
                Merchant Onboarding

                                                           12
                                           4                                   4
                    Settlement                                                               Payment
                      Payout                                                                Processing

                                                                                                         Risk

                                                                                      25
       Enablement &
        Value Added                    8                                                             Management
                                                                                                     & Compliance

                         Company: Max Pay           Founded: 2014              Headquarters: Malta

MaxPay is an eCommerce platform intended to build marketplaces, online storefront and/or subscription services. It
also provides anti-fraud security, which is customizable for any type of business.

Payments Powering Platforms Tracker™       © 2018 PYMNTS.com All Rights Reserved                            April 2018 | 44
53
                Merchant Onboarding

                                                         12
                                       12                                    6
                    Settlement                                                            Payment
                      Payout                                                             Processing

                                                                                                     Risk
                                                                                    8
       Enablement &
        Value Added               15                                                             Management
                                                                                                 & Compliance

                    Company: Mollie       Founded: 2004             Headquarters: The Netherlands

Mollie builds payment products, commerce solutions and application program interfaces (APIs) that retail stores can
use to accept online and mobile payments.

                                                        52
                Merchant Onboarding

                                                           5
                                       12                                   11
                    Settlement                                                            Payment
                      Payout                                                             Processing

                                                                                                     Risk
                                                                                    9
       Enablement &
        Value Added               15                                                             Management
                                                                                                 & Compliance

                        Company: MOLpay         Founded: 2011             Headquarters: Malaysia

MOLPay is a multi-currency payment gateway. The company’s platform is designed to accept cash payments for online
purchases at physical outlets like convenience stores and bookstores. It also works to facilitate online payments via
credit card, debit card, eCheck and eWallet.

Payments Powering Platforms Tracker™     © 2018 PYMNTS.com All Rights Reserved                            April 2018 | 45
43
                Merchant Onboarding

                                                           5
                                         9                                   7
                    Settlement                                                                Payment
                      Payout                                                                 Processing

                                                                                                         Risk
                                                                                        7
       Enablement &
        Value Added               15                                                                 Management
                                                                                                     & Compliance

                         Company: Moneris       Founded: 2000              Headquarters: Canada

Moneris provides payment processing services. The company’s offerings include credit and debit card processing
solutions.

                                                        56
                Merchant Onboarding

                                                         12
                                         9                                  11
                    Settlement                                                                Payment
                      Payout                                                                 Processing

                                                                                                         Risk
                                                                                        9
       Enablement &
        Value Added               15                                                                 Management
                                                                                                     & Compliance

                          Company: NMI       Founded: Unknown                    Headquarters: USA

 NMI is a payment platform enabling online money acceptance for eCommerce and online retailers. The company
provides payments enablement technology allowing ISOs, VARs, ISVs and payment facilitators to offer branded
payment gateway services. NMI processes payments made via credit card, debit card or Apple Pay, and is EMV-
certified.

Payments Powering Platforms Tracker™     © 2018 PYMNTS.com All Rights Reserved                              April 2018 | 46
50
                Merchant Onboarding

                                                           5
                                       18                                    6
                    Settlement                                                            Payment
                      Payout                                                             Processing

                                                                                                    Risk
                                                                                    6
       Enablement &
        Value Added               15                                                            Management
                                                                                                & Compliance

                            Company: Nochex        Founded: 1999             Headquarters: UK

Nochex is a provider of online credit and debit card payment services. The company’s software is designed for small-
and medium-sized businesses (SMBs), and includes multiple types of accounts and online shopping carts, among other
features.

                                                        61
                Merchant Onboarding

                                                           5
                                       15                                   12
                    Settlement                                                            Payment
                      Payout                                                             Processing

                                                                                                    Risk
                                                                                   11
       Enablement &
        Value Added               18                                                            Management
                                                                                                & Compliance

        Company: North American Bancard Velocity               Founded: Unknown          Headquarters: USA

NAB Velocity aims to provide software developers and businesses with secure and customizable payment solutions.
These solutions include credit and debit card processing, ACH processing, and gift/loyalty card programs from an
ecosystem of payment service providers.

Payments Powering Platforms Tracker™     © 2018 PYMNTS.com All Rights Reserved                           April 2018 | 47
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