In making this announcement, Creditreform President Christian Wolfram stated: “CrefoPay is a complete solution for payment processing in online trading. More and more consumers take advantage of shopping on the Internet – mobile generated sales in 2014 has risen 42% alone in the field of smartphones and tablets. Consumers as well as merchants expect complete solutions for settling transactions. CrefoPay offers consumers an individual selection of optimal payment procedures in dealing with merchants. For merchants it will be an overarching, unified billing system with corresponding reporting. E-Commerce merchants will be supported locally by the Creditreform network. CrefoPay also provides an optimized accounts receivable management, fully integrated risk management, a comprehensive and consistent reporting and a way to internationalization.”
CrefoPay uses data protection-conform and secure technology currently in use by leading e-commerce players. CrefoPay accommodates all payment methods inclusive purchases on open account. It offers state of the art risk management combined with fraud and loss prevention. CrefoPay supports international expansion for e-commerce players through CrefoPay International.
Creditreform already offers integrated risk management, fraud prevention and debt collection services. It also operates factoring services offering alternative financing for SMEs. CrefoPay closes the loop in credit transactions, from marketing, risk assessment, collection, factoring and now payment systems.
Source: Password Germany
*CeBIT is the world’s largest and most international computer expo. The trade fair is held each year on the Hanover fairground, the world’s largest fairground, in Hanover, Lower Saxony, Germany, and is considered a barometer of the state of the art in information technology. It is organized by Deutsche Messe AG.