Cloud tokenization provider TokenEx has announced a merger with payments orchestration platform Ixopay, although the financial details have not been disclosed.
The merger is expected to leverage TokenEx’s expertise in tokenizing payment data alongside Ixopay’s capabilities in transaction routing and reconciliation. This collaboration will enable merchants to utilize multiple payment processors, leading to higher authorization rates, reduced interchange fees, and PCI-certified secure payment data.
The combined entity will operate under the name Ixopay, a TokenEx Company, with TokenEx’s Marc Olesen at the helm. Olesen stated, “By joining forces, Ixopay, a TokenEx Company is uniquely positioned to help merchants develop a payments strategy that optimizes the use of multiple payment processors to enhance both top and bottom-line results.”