The IXOPAY Origin Story
Hi,
February may be the shortest month, but that doesn't mean there's less news to report. This month in particular was a very special month. Not only because it is the protagonist of the leap year or the start of the Chinese New Year - but also because we as a company have taken the step to expand our premises.?
We have left our old office behind and moved to a more communal space in the second district. It's the start of a new chapter in our ongoing success story that we are proud to enter.?And as if that wasn't reason enough to celebrate, we're also looking forward to our big anniversary in 2024: IXOPAY will be 10 years old! That's why we've prepared an interesting article for you about the history of IXOPAY to show you how it all began and how we got to where we are today.?
We are also pleased to announce that we will be attending MPE 2024 in Berlin again this March. If you're also joining the Merchants Payment Ecosystem conference, don't hesitate to get in touch, arrange a meeting or simply visit us at?booth W19. See you there - and if not, we wish you a good start to March. Enjoy reading!
Highlights
The IXOPAY Origin Story
2024 is IXOPAY’s 10 year anniversary! A decade of IXOPAY seems like a good time to pause and reflect on just how far we have come in that time, and how IXOPAY came to be in the first place.?Therefore, in this article we take you with us on a journey through IXOPAY's beginning, milestones and dare a glance into the future of our ongoing success story.
Meet IXOPAY at MPE 2024
We are excited to announce that IXOPAY will not only take part in this year's?MPE Berlin, but also sponsor the Merchant Payments Ecosystem conference.
Meet us here:
MPE Berlin 2024 March, 12-14
Intercontinental Hotel Berlin
Booth W19
Our colleague and expert?Adam Vissing?will also be on stage as a speaker:
"Focus on?Payment Orchestration"
Day 2 - 13 March, 11:25 -12:25?
Room: Pavillon
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Our new Office Address
After over ten years in Vienna's Mariahilfer Strasse, our move to a bigger and more collaborative office was more than overdue. As we pack up the memories of the last decade, we eagerly anticipate the adventures of tomorrow.
IXOPAY’s journey will continue here:
IXOPAY GmbH
Vorgartenstrasse 206c, 1st Floor
Vienna, 1020 Austria
We can't wait to welcome you to our new home, where the spirit of IXOPAY thrives in every corner.?See more of our new office in our latest posting:
Adapters
Extensions
For a full list of changes, please see the release notes.
IXOPAY in 60 Seconds
One of the challenges of a multi-acquirer setup is dealing with the different formats and granularity of reconciliation and settlement data provided by payment providers. This information needs to be verified and, once verified, shared with additional systems in the merchant's IT landscape. Needing to manually process and transform this data into a format that is compatible with external systems presents additional overheads for merchants that only grows with the number of payment providers.
IXOPAY consolidates this process within a single platform. Settlement and reconciliation data from payment service providers is collated within the IXOPAY platform, where it can be compared to the transaction data to ensure the two match. Any conflicts - missing transactions, rounding errors or issues with currency conversions - are made visible in IXOPAY and flagged accordingly. Notifications can be sent automatically in the case of conflicts, allowing administrators to step in and either correct the records or mark them for further processing.
IXOPAY can output reports in a unified format that is suitable for import into third-party systems, providing a bridge between the disparate formats used by payment service providers and a merchant's IT systems. A single format can be defined for all payment providers that transforms data on transactions into one suitable for the target system.