ZURICH — Swiss-based payment gateway SecurionPay said today that it has seen rapid growth since its launch in November.
Lukas Dominik Jankowiak, CEO of Securion Payments Group AG, noted the rapid growth and attributed its new approach to the online billing space and its staff of veteran pros “who know the high-risk industry like their own yard” for its success.
“Each member of SecurionPay team has more than 10 years’ experience in either high-risk processing, code development, banking services or business management,” Jankowiak said. “Obviously years of experience in this business gave us a pretty good database of all the things that required an immediate fix. And this is how the process started.”
Jankowiak said that the firm’s founders have identified all typical and critical problems that have been present for years in the payments industry not only on the technical side with limited capabilities of the systems or platforms but also in regards to PCI compliance, fraud prevention, chargeback management and payments reconciliation.
“Our solution has eliminated all these issues once and for all and made them scalable,” he said. “A statement, “sign up today and start processing tomorrow” is not far from the truth. If you work with SecurionPay we provide your own merchant account within maximum five working days. Guaranteed.”
Jankowiak went on to say that the high-risk billing business is a specific type of service that goes beyond fraud prevention and relies for the most part on ingenuity. But, he noted, most processors haven’t kept up with the times.
“For 10 or 15 years it has been sufficient for the big players to just provide stable solutions with some additional features. They have not innovated rapidly due to the lack of competition, in what was a growing industry,” he said. “In the meanwhile, the mainstream billing industry has been innovating, because it had to. Customers are seeing how mainstream has evolved and added new features and great new products. They are asking why they can’t have those in high-risk as well. We saw that there’s no reason why they can’t.”
Jankowiak said the payment gateway is planning a U.S. office to service accounts in the future. The company is based in Zurich.
