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Industrial-Grade API Platform for Payment Apps

Ixaris, a specialist in electronic payments, has announced a partnership with API developer Apigee to create an industrial-grade API platform for developers seeking to create payment applications on its Ixaris Opn (pronounced ‘open’) platform. As part of the new agreement, Apigee will work to enable Ixaris with security, control, and management functions for its payment app development platform.

Unlike similar platforms such as PayPal X, Ixaris Opn proposes that developers create and run their own global payment apps using open loop virtual or physical cards under the Visa and MasterCard schemes.

The company says that the ability to incorporate mainstream payment networks into applications will provide developers with a much broader audience for their applications. Ixaris Opn hinges its unique selling point on the ability to manage all facets of the payments lifecycle, including fraud and compliance oversight, so that developers can then customize, combine, and link to reusable payment components in order to create fully branded payment applications.

“The pace of innovation in the payment solutions revolution will be limited only by the speed by which we enable the ingenuity of the application developer community and the tools we provide them,” said Alex Mifsud, Ixaris CEO. “Ixaris’ partnership with Apigee will expand our payment application ecosystem, extending our API platform with a scalable infrastructure for authorization, access control, analytics and security for payment application developers.”

Ixaris Opn shields developers from the complexities of global financial services, allowing them to bring solutions to market quickly and cost-efficiently. Opn features APIs called paylets, which are reusable software components that have been configured to achieve different payment scenarios; thus allowing developers to cut development time and set up payment applications more quickly.

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