After recently receiving the final approval from Malta Financial Authority, EveryMatrix Group is excited to officially announce MoneyMatrix, its new Payment Service Provider.
Revealed in 17Q1, the payments processing and risk management solution has been developed to provide a holistic approach to operators looking for a single service platform. Incorporating 150+ payment solutions along with fraud and KYC tools, MoneyMatrix is available to merchants via a customisable API.
Sandra Barton, MoneyMatrix CEO, stated: “We built an omni-channel platform to assist merchants looking to reduce their development, operational and PCI DSS overheads through the utilisation of MoneyMatrix. Managing their payment requirements through a single agreement and integration will accelerate their speed to market and ability to localise their content.”
MoneyMatrix enables operators to provide security and encryption for all card data transmission and storage, thereby significantly reducing the PCI requirements and costs for their clients. MoneyMatrix designed the business in a flexible way to support a fully managed service or a simple software agreement.
“Merchants will be able to easily enter new markets and attract new customers without the need for long protracted contract negotiations with individual payment vendors coupled with the long lead times to get live with the new solutions.
Importantly, we want to be a true business partner and support the growth and development of our clients’ businesses, we don’t just want to sell a solution, we want to sell our service. We have compiled a team of seasoned professionals with over 40 years experience working in Ecommerce Payments, Gambling and Risk Management, so it is our objective to put all that knowledge and expertise to work for our clients.’’ added Barton.
With the implementation of the 4th AML Directive and the ever-increasing KYC requirements from regulators around the world, MoneyMatrix partnered with some of the best technology providers to bring solutions to the table to mitigate risk and reduce the friction to accepting payments.
As a full-service provider, MoneyMatrix aims to remove the complexity and significant overhead payment processing can have by providing its customers with a simplified way to access a global range of solutions for payments, risk and KYC, back office management systems, rules and routing mechanisms that give merchants full control and visibility of their portfolio.