Ixaris Partners with Apigee to Create Industrial-Grade API Platform for Payment Application Development

Developers and Enterprises Benefit from Secure, Flexible and Proven Platform for Rapid Payment Application Development on Ixaris Opn

Web 2.0 Summit 2010

SEATTLE--()--Ixaris, an innovator in global electronic payments, today announced a partnership with Apigee to create an industrial-grade API platform for enterprises and developers creating payment applications on Ixaris Opn (pronounced ‘open’). A leading provider of API products and technology, Apigee will enable Ixaris to secure, control and manage its development platform for the rapid creation of payment applications.

Ixaris Opn is a platform that allows developers, businesses and financial institutions to rapidly create payment applications. Unlike similar platforms such as PayPal X, Ixaris Opn allows developers to create and run their own global payment applications using open loop virtual or physical cards under the Visa and MasterCard schemes. The ability to incorporate mainstream payment networks into applications will provide developers with a much broader audience for their applications. Ixaris Opn manages all facets of the payments lifecycle, including fraud and compliance oversight, so that developers can then customize, combine and link to re-usable payment components in order to create fully branded payment applications.

“The pace of innovation in the payment solutions revolution will be limited only by the speed by which we enable the ingenuity of the application developer community and the tools we provide them,” said Alex Mifsud, Ixaris CEO. “Ixaris’ partnership with Apigee will expand our payment application ecosystem, extending our API platform with a scalable infrastructure for authorization, access control, analytics and security for payment application developers.”

Ixaris Opn shields developers from the complexities of global financial services, allowing them to bring solutions to market quickly and cost-efficiently. Opn features Application Programming Interfaces (APIs) called paylets, which are re-usable software components that have been pre-configured to achieve different payment scenarios; this allows developers to cut development time and set up payment applications more quickly.

“Ixaris is a leading developer of global payment applications that is using a robust and secure API platform to allow enterprise developers to profit from the payment revolution,” said Chet Kapoor, CEO, Apigee. "Apigee is proud to be powering the public API infrastructure that will allow non-financial institutions, developers and entrepreneurs access to the global payment networks and to bring new payment applications to market.”

Visit Ixaris at Web 2.0 Summit - November 15 to 17 2010, San Francisco

Increasing the visibility of rapid payment application development, Ixaris will be a silver sponsor at Web 2.0 Summit, Nov 15 to 17, 2010. At the show, Ixaris will be demonstrating the Ixaris Opn platform and explaining how developers are able to create and run their own global payment applications using open loop virtual or physical cards under the Visa and MasterCard schemes. Developers interested in building payment applications on Ixaris Opn should contact Ixaris or stop by the booth for information on how to participate in the upcoming Ixaris Opn developer beta. The event is being held at the Palace Hotel in San Francisco, California.

About Apigee

Apigee is the leading provider of API products and technology for enterprises and developers. Over 150 enterprises like Comcast, MTV Networks, GameSpy, TransUnion Interactive, Guardian Life and Constant Contact and thousands of developers use Apigee’s technology. Enterprises use Apigee for visibility, control and scale of their API strategies. Developers use Apigee’s free tools to learn, test and protect APIs. Learn more at www.apigee.com.

About Ixaris

Ixaris specializes in developing innovative global applications based on open-loop (Visa and MasterCard) prepaid card schemes.

Ixaris’ consumer payment service, under the EntroPay brand, currently manages financial transactions exceeding US$15 million per month. With more than 100 clients, Ixaris offers a range of co-branded payment applications that enable enterprises within the healthcare, travel, affiliate marketing and financial services industry to capitalize on the growing market for prepaid payment solutions through cost-effective, easy to access global payment networks including Visa, MasterCard and SWIFT.

Ixaris has offices in London, Seattle and Malta, which provides operational, customer service and fraud management. It is recognized by Visa and MasterCard as an Independent Sales Organization. Ixaris is also certified by the UK Financial Services Authority to issue e-Money and is registered in the UK as a Money Service Business. Ixaris’ financial service partners include Royal Bank of Scotland, BarclayCard, Transact Network and Bank of Valletta.

Ixaris is a privately-held company funded by leading UK institutional investors. Its corporate headquarters are in London. http://www.ixaris.com/

Contacts

M2L2 Communications
Matthew Lloyd, 617-834-3146
matt@m2l2communications.com
or
UK Press Contact:
Hotwire
Susan Golaszewski, +44 (0)20 7608 2500
susan.golaszewski@hotwirepr.com

Release Summary

Ixaris, an innovator in global electronic payments, today announced a partnership with Apigee to create an industrial-grade API platform for enterprises and developers creating payment applications.

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Contacts

M2L2 Communications
Matthew Lloyd, 617-834-3146
matt@m2l2communications.com
or
UK Press Contact:
Hotwire
Susan Golaszewski, +44 (0)20 7608 2500
susan.golaszewski@hotwirepr.com