The merger combines IXOPAY’s payment orchestration and tokenization business capabilities with Aperia Compliance’s PCI DSS Level 3 and 4 solutions.
TULSA, OK / ACCESS WIRE / December 4, 2024 / IXOPAY, a leading payment technology provider that processes more than $35 billion in payment volumes through its enterprise-grade payment orchestration platform, today announced that it has merged with Aperia Compliance, a subsidiary of Aperia Solutions and a leading Payment Card Industry Data company Security Standard (PCI DSS) data validation and risk management. Aperia Compliance serves more than 100 merchants and will operate as “Aperia Compliance, an IXOPAY Company.”
IXOPAY provides enterprise-grade PCI DSS Level 1 and 2 solutions, powered by advanced tokenization. Combined with Aperia Compliance’s robust PCI DSS Level 3 and 4 solutions, including PCI Apply 4.0 and the new 6.4.3 product, the combined offering aims to provide a scalable, end-to-end solution that merchants, independent sales organizations (ISOs), and payment processors to meet global data security standards, streamline operations, and drive revenue growth.
“The current merger with Aperia Compliance allows IXOPAY to expand its capabilities and aims to provide merchants of all sizes with powerful tools to navigate the updated PCI DSS version 4.0 requirements and secure their payment systems,” said Brady Harris, CEO of IXOPAY. “By combining Aperia Compliance’s PCI DSS Level 3 and 4 solutions with our enterprise-level payment orchestration, we are expanding our platform with the aim of further simplifying compliance, improving security and supporting businesses as they adapt to the evolving payments landscape.”
Customers of both companies now have access to the full product suite. IXOPAY customers will have access to Aperia Compliance’s PCI DSS Level 3 and 4 validation and risk management solutions, including assistance with self-assessment questionnaires, vulnerability scanning, multilingual support, integrated security solutions, data breach protection, vendor training, and reporting and analytics. Aperia Compliance customers (ISOs, processors, banks and payment data) get access to IXOPAY’s PCI DSS Level 1 and 2 tokenization and payment orchestration capabilities, along with fraud prevention, automated account updater, 3D Secure authentication, point-to-point encryption, network token security and detailed compliance reporting with universal tokens.
“The strategic merger of Aperia Compliance and IXOPAY creates a broader set of tools to help companies compete in the fast payments space,” said Kevin Mokarow, Chairman and CEO of Aperia Solutions and Senior Advisor to the IXOPAY Board of Directors. “By joining forces, we are expanding IXOPAY’s capabilities to small and medium-sized businesses around the world, with the aim of helping merchants, ISOs and processors reduce errors, prevent fraud and streamline operations for sustainable growth.”
The merger with Aperia Compliance is the latest transaction announced by IXOPAY, a portfolio company of K1 Investment Managementfollowing on from IXOPAY’s recent one merger with TokenEx and a series of new board appointments, including CEO Brady Harris.
“This is another step towards creating a leader in the payments industry,” said Tarun Jain, director at K1 Investment Management. “Earlier this year, the integration of TokenEx’s advanced tokenization technology positioned IXOPAY as a continued innovator in the world of payment data security. With the addition of Aperia Compliance’s PCI products, IXOPAY continues to strengthen its platform and help redefine payments operations for businesses around the world.”
Aperia Compliance’s management team continues operations under IXOPAY. Aperia Solutions is not part of the merger and will continue to operate under the Aperia brand.
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Mills Forni, Verdis
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About IXOPAY
IXOPAY is a leading provider of enterprise payment orchestration, offering a fully integrated platform and flexible payment optimization modules to businesses worldwide. With a single API and scalable payment architecture, IXOPAY enables companies to streamline, secure and increase the resilience of their payment systems. More information at http://www.ixopay.com.
About Aperia Compliance
Aperia Compliance, an IXOPAY company, is a leader in Payment Card Industry (PCI) validation and risk management, providing PCI Level 3 and 4 compliance for ISOs, payment processors, and small and medium businesses. More information at http://www.aperia.com/proPCI – Aperiaducts/pci
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Source: IXOPAY
