Channels ▼
RSS

Mobile

New 'Open Payments' Platform for Developers



Electronic payments specialist Ixaris has uncovered its new application development and operating platform targeted at financial institutions who want to tap into the growing market for so-called 'open payments' online.

Ixaris says that its new Ixaris Opn platform avoids what it describes as "cumbersome" integration with banks’ own IT systems, to enable developers to create payment applications for specialized market segments.

Claiming to have a long history of partnering with global payment networks such as Visa and MasterCard, Ixaris wants to offer financial institutions the means to offer payment services through a publicly-accessible application development platform.

"The development community can use this platform to create customized payment apps that can incorporate mainstream payment networks such as Visa or MasterCard prepaid cards, and bank transfers via SWIFT," says the company.

Ixaris notes that Opn manages all facets of the payments lifecycle, including fraud and compliance oversight so that developers can then customize, combine and link to re-usable payment components called Paylets in order to create fully branded payment applications.

Alex Mifsud, CEO of Ixaris, said, "With the rise of alternative payment solutions, mainstream financial services providers are facing increased pressure to bring new products to market but they are hampered by legacy systems as well as operational and regulatory risks. The development community on the other hand is demanding an open loop payment solution that will allow application providers to charge for use of the application and benefit from a share of revenue."


Related Reading


More Insights






Currently we allow the following HTML tags in comments:

Single tags

These tags can be used alone and don't need an ending tag.

<br> Defines a single line break

<hr> Defines a horizontal line

Matching tags

These require an ending tag - e.g. <i>italic text</i>

<a> Defines an anchor

<b> Defines bold text

<big> Defines big text

<blockquote> Defines a long quotation

<caption> Defines a table caption

<cite> Defines a citation

<code> Defines computer code text

<em> Defines emphasized text

<fieldset> Defines a border around elements in a form

<h1> This is heading 1

<h2> This is heading 2

<h3> This is heading 3

<h4> This is heading 4

<h5> This is heading 5

<h6> This is heading 6

<i> Defines italic text

<p> Defines a paragraph

<pre> Defines preformatted text

<q> Defines a short quotation

<samp> Defines sample computer code text

<small> Defines small text

<span> Defines a section in a document

<s> Defines strikethrough text

<strike> Defines strikethrough text

<strong> Defines strong text

<sub> Defines subscripted text

<sup> Defines superscripted text

<u> Defines underlined text

Dr. Dobb's encourages readers to engage in spirited, healthy debate, including taking us to task. However, Dr. Dobb's moderates all comments posted to our site, and reserves the right to modify or remove any content that it determines to be derogatory, offensive, inflammatory, vulgar, irrelevant/off-topic, racist or obvious marketing or spam. Dr. Dobb's further reserves the right to disable the profile of any commenter participating in said activities.

 
Disqus Tips To upload an avatar photo, first complete your Disqus profile. | View the list of supported HTML tags you can use to style comments. | Please read our commenting policy.
 

Video