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Pay.on, Web Shield join forces on acquirer risk management

June 6, 2013

Pay.on AG and Web Shield Ltd. have announced a joint service agreement to bolster risk management for acquirers, ISOs and PSPs. The deal will expand Pay.on value-added services with the addition of Web Shield software for merchant due diligence and risk management monitoring.

The partnership will broaden global distribution and market presence for Web Shield, said a joint press release from the companies. On the other hand, Web Shield risk management modules IPSPShield and IPSPMonitor will allow Pay.on to enhance its value-added portfolio available to its customer base.  

Web Shield gives payment providers control over the required risk assessment while reducing associated merchant screening and monitoring workload by around 90 percent, the companies said.  

"Web Shield's products will provide our clients with advanced and direct merchant risk management and monitoring services," said Pay.on CEO Markus Rinderer. "The services will help them in protecting their transactions effectively from merchants trading illegally."

"Protecting merchant acquirers, PSPs and ISOs from brand damage and reputational issues is key," said Web Shield COO Christian Chmiel. [T]his partnership will enhance our possibilities to support PAY.ON's clients in this area."

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