Introduction
IXOPAY and Aperia have amalgamated to establish a comprehensive PCI compliance solution that is designed to cater to merchants who are in search of comprehensive security solutions. Aperia Compliance, a provider of Payment Card Industry (PCI) validation and risk management services, has amalgamated with IXOPAY, a payment orchestration platform that assists merchants in managing multiple payment providers. The merger’s objective is to consolidate payment processing and compliance capabilities into a single platform.
The merged entity will provide PCI compliance services for all four merchant levels. PCI compliance is the process of adhering to security standards that have been established by card networks to safeguard cardholder data. The requirements for PCI compliance are contingent upon the volume of transactions. The merged platform will integrate Aperia’s compliance validation services with IXOPAY’s tokenisation technology, which replaces sensitive card data with distinctive identification symbols. The objective of this integration is to provide fundamental compliance support to smaller merchants and large enterprises that process millions of transactions.
Read: What Is Conversational AI?
The platform will sustain distinct offerings for various merchant categories. Enterprise-grade security protocols will be accessible to Level 1 and 2 merchants, who process more than 1 million transactions annually. Merchants that process fewer transactions, specifically those in Levels 3 and 4, will implement compliance tools that are more efficient. The merger positions the combined entity to target independent sales organizations (ISOs) and payment processors that are interested in providing integrated compliance capabilities to their merchant consumers. ISOs are firms that manage merchant relationships for payment processors.
Merchants will be able to access tokenization, payment routing, and compliance validation through a unified interface as a result of the integration. Merchants are increasingly seeking to streamline their payment technology stacks while simultaneously upholding security protocols. The announcement is made in conjunction with the implementation of version 4.0 of the PCI Security Standards Council’s data security standards, which includes new requirements for encryption and authentication.
Merchants are obliged to revise their validation procedures and security protocols in response to these modifications. Payment orchestration platforms have emerged as a solution for merchants who are responsible for administering multiple payment providers in various markets. While maintaining consistent security standards, these platforms facilitate the routing of transactions between providers. The merger is indicative of the broader consolidation in the payment technology sector, as providers attempt to integrate their specialized capabilities. The demand for integrated solutions that incorporate payment processing with compliance management has increased as a result of recent modifications to PCI standards.
Industry Comments
Brady Harris, CEO of IXOPAY, says the merger responds to increasing cyber security pressures facing merchants. “In today’s digital economy, the stakes for payment security and compliance have never been higher. Cyber threats are intensifying and regulations are becoming more complex.” “Our enhanced platform delivers a comprehensive suite of PCI compliance solutions covering all merchant levels”
“Our enhanced platform delivers a comprehensive suite of PCI compliance solutions covering all merchant levels,” says Harris. “This enables businesses to maintain compliance while putting the power of payment orchestration to work.”
FAQs
1. What does the merger between IXOPAY and Aperia Compliance mean for merchants?
The merger combines IXOPAY’s payment orchestration platform with Aperia Compliance’s PCI validation services, creating a single solution for both payment processing and security compliance. Merchants of all sizes can benefit from streamlined services like tokenisation, payment routing, and compliance validation, all within one platform. This integration aims to simplify the complex payment technology stack while ensuring security standards are met, making it easier for businesses to handle payments securely and efficiently.
2. How will the merged platform serve different merchant categories?
The platform offers tailored services based on transaction volumes. Large merchants (Levels 1 and 2) processing over 1 million transactions annually will get enterprise-grade security tools, while smaller merchants (Levels 3 and 4) will benefit from simplified compliance tools. This ensures that businesses, regardless of size, can meet PCI standards effectively without paying for unnecessary features, catering to their specific operational and security needs.
3. Why is PCI compliance important for merchants?
PCI compliance ensures that businesses adhere to strict security standards to protect customers’ card data. It’s vital for reducing the risk of data breaches and maintaining customer trust. With PCI Security Standards Council’s new 4.0 standards, updated authentication and encryption protocols are required, making integrated solutions like the one from IXOPAY and Aperia Compliance crucial for merchants. These solutions help businesses stay secure and compliant without managing multiple, complicated systems separately.
Fintech Insights: Top 10 CTOs Of The Fintech Industry
Conclusion
The merger of IXOPAY and Aperia Compliance marks a significant step in simplifying payment processing and compliance for merchants. By integrating tokenisation, payment routing, and PCI compliance validation into one platform, it addresses the growing need for secure, unified solutions. Merchants of all sizes can streamline their payment operations while staying compliant with updated PCI standards. The combined entity also supports ISOs and payment processors, reinforcing its industry relevance. As payment technology evolves, this merger sets a benchmark for secure, integrated solutions.
Read: Impact of Fintech on Retail Banking Trends
Read: Top 10 FinTech Cybersecurity Challenges in 2025
Read: Fintech Marketing: Top 10 Power Strategies to Accelerate Growth
We will be back with more exciting articles in the fintech domain!
Write to us for any suggestions.
