Award winning payments group, Secure Trading, has today announced its new strategic partnership with COMO Global S.A., the intelligent payments marketplace, enabling it to extend its industry leading payment gateway services to more of the world’s foremost payment providers and merchants.
The partnership reinforces Secure Trading’s global footprint and, in addition to its current payment services, it will now offer automated reconciliation, invoicing and payment fulfilment, saving merchants time and costs, reducing errors and removing risk. COMO also enables Secure Trading to provide automated dynamic payment routing and payment splitting, useful for the pay-out of supply chain and cross-channel transactions.
Using COMO’s technology, Secure Trading can create bespoke payment value chains for each transaction, automatically selecting the most effective payment provider for each individually. For merchants, this makes payments simpler, cheaper and more convenient for the customer, reducing cart abandonment and increasing transaction success rates.
For COMO customers, the choice of payment gateways and acquirers will increase, and they will also benefit from Secure Trading’s technical investments and experience. Secure Trading also gives COMO access to its high-class data sets and collection capabilities. This drives the system’s decision-making, and is available as business insights for Secure Trading’s clients on bespoke dashboards.
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“We’re thrilled to be working with Secure Trading, and its best-of-breed payment gateway and acquiring service will be fitting payment solutions for many merchants,” said Vaughan Owen, CEO at COMO. “We are committed to simplifying the payments market by creating a unified payments marketplace and it is only with the best partners on board that we are able to do this. We’re looking forward to a mutually reinforcing partnership where Secure Trading’s specialism and our breadth of partners can enable merchants to access a one-stop-shop for payment services and expertise.”
“By combining our payment services with COMO’s global transaction management platform, we will be able to make strides into new marketplaces and add more value to our clients,” said Laurent Dhaeyer, Managing Director at Secure Trading. “All merchants require a payment service, but many find the industry’s complexity off-putting. This partnership enables us to simplify the process. All merchants, regardless of size, will deal with one point of contact for all of their payment requirements, and they are guaranteed access to the most effective payment channel for each individual transaction. We recognise that the payments industry needs to work together to create an ecosystem that is beneficial for merchants, so I’m excited to see what this latest partnership can achieve.”