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Press Releases

21 Jul 2015

arvato Financial Solutions Selects Credorax as a Merchant Acquiring Bank for E-Commerce Customers in Europe

London, 21 July 2015 — arvato Financial Solutions, a leading global financial services provider, today announced that it has chosen Credorax, the digital merchant acquiring bank, as an acquirer. Awarded "Best Merchant Acquirer" of 2014, Credorax specifically caters to the needs of e-commerce and m-commerce merchants.

Through its Smart Acquiring solution, Credorax provides partners and customers with a single, unified and automated global-domestic platform for efficient and cost-optimised acquiring complemented by value-added business tools and dedicated customer care.

In addition, since Credorax is a licensed acquirer in each local jurisdiction within the countries it practices banking in, cross-border customers that enter these local markets deal with local vs. foreign banking fees. In other words, they significantly reduce the banking and exchange fees associated with cross-border e-commerce.

arvato Financial Solutions is increasingly supporting technologies that radically simplify all kinds of payment flows. As such, arvato customers who process payments through Credorax, now have access to this Smart Acquiring solution and its financial benefits.

"We selected Credorax as an acquirer because they are unique in the industry in the way they can simultaneously and successfully provide e-commerce merchants with a technology-focused, merchant-centric and most importantly financially-driven acquiring business model," said Marco Jostes, Executive Vice President at arvato Financial Solutions. "We believe – along with our other e-commerce partners – they are the perfect fit to help us continue to offer revenue-driven solutions to our customers."

"Merchants today seek out acquirers that can offer them value-added services beyond just payment processing. They demand higher-level business solutions that can help them grow their e-commerce businesses quickly and to the point of profitability," said Koen Vanpraet, Chief Commercial Officer of Credorax. "This is the exact reason why we are delighted to align with arvato Financial Solutions. Like Credorax, they strongly believe that in order for merchants to succeed in e-commerce, they must understand and leverage every tool available, from marketing to financial services, to grow their businesses. By joining forces, both companies are able to offer a comprehensive e-commerce 'success' package for any merchant, regardless of their size or geographical location."

About arvato Financial Solutions: arvato Financial Solutions is a global financial service provider and part of Bertelsmann SE & Co. KGaA as a subsidiary of arvato AG. The company has around 7,000 employees in 22 countries, including a strong presence in Europe, America and Asia, and offers flexible full-service solutions for the value-oriented management of customer relationships and cash flows. arvato Financial Solutions is synonymous with professional outsourcing services (Finance BPO) centering on cash flow in all phases of the customer lifecycle – from risk management and invoicing to debtor management, the sale of receivables and debt collection. As part of this, we focus on minimising default rates in the business initiation phase and during the collection process. As a result, our services also include optimising the selection of payment types internationally.
As a financial solutions provider, we manage around 10,000 customers, specialising primarily in the retail/e-commerce, telecommunications, insurance, banking and healthcare sectors. This makes us Europe's third largest integrated financial service provider. Your one stop shop for financial services. Professional. Reliable. Efficient.
For more information, visit finance.arvato.com.

About Credorax: Credorax's Smart Acquiring solutions are based on its proprietary single, unified and automated global-domestic payment platform for efficient, cost-optimised acquiring complemented by value-added business tools and dedicated customer care. Credorax is the first, truly global digital Merchant Acquiring Bank, with secured licenses across three continents, covering over 30 jurisdictions worldwide For more information please visit www.credorax.com or follow on Twitter @credorax.