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Digital River Expands Payments Footprint

Global Commerce-as-a-Service solutions provider Digital River is teaming up with online payments company Payoneer to offer merchants more options for expediting seamless, international payments, the company announced Wednesday (July 8).

Payoneer’s cross-border payments technology will work together with Digital River’s solutions to enable businesses to send and receive quick, simple and cost-effective mass payouts, while funding transfers worldwide, Digital River said in a statement.

“As merchants expand their businesses globally, managing international payouts to customers, suppliers, affiliates and partners becomes more complicated and costly, especially when local payment recipients are unable to receive payments through traditional bank accounts,” Hayden Reed, Digital River’s senior vice president and general manager, said in a company release. “By working with Payoneer, we further extend our core outbound payment capabilities, offering clients more payout options and ensuring an expedited experience for their customers.”

The Digital River World Payments solution provides services that support a complete payment lifecycle. Outside of international payments, the solution features checkout page optimization, PCI exposure and currency risk management, as well as back-office reconciliation services and business intelligence tools.

Payoneer supports payouts in more than 150 currencies, enabling mass payments to be sent using a customer’s preferred currency and payout method — including global bank transfers, prepaid debit cards, local eWallets and international checks.

“We’re excited about working with Digital River to help meet the growing demands of their merchants. Payoneer’s all-in-one mass payout services are an exciting complement for Digital River merchants challenged with the complexities of global payouts,” Payoneer’s CEO Scott Galit explained. “Payoneer is fully committed to helping Digital River clients capitalize on international market opportunities by enabling them to pay globally as easily as they do locally.”

To check out what else is HOT in the world of payments, click here.

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