8/16/12

Computop wins contract to provide book retailer Cygnus Books with payment processing platform across Europe

Integration with partner SAP enables optimal payment processing

Internet Retailer

New York  – August 15, 2012 – Computop, a leading payment service provider (PSP), has announced that it has won a contract to provide book retail service, Cygnus Books, with payment processing and banking partners across Europe. Computop Paygate 5 will initially provide Cygnus Books with card processing online and telephone order processing.  The service will process all forms of card payment – Visa, MasterCard, American Express and Maestro.

Computop was chosen from a shortlist of three potential payment service providers (PSPs), because of its compatibility and track record of integrating payment processing with Enterprise Resource Planning (ERP) and business management software, SAP Business ByDesign.

By working closely with partner SAP, Computop has been able to develop an integral tokenization facility within its payment platform.  This means that Cygnus Books can offer its customers features such as remembered card details without actually having to store card data, thus avoiding the complications and cost of PCI compliance.

The service will also provide a fraud prevention module, which verifies the IP address of the computer against the origin of the credit card.  Computop Paycontrol will identify if the internet connection is via satellite or through an anonymous proxy server.

Sam Napier, operations manager at Cygnus Books commented, “We selected Computop for its unique ability to integrate with Business ByDesign.  With this combination, we are able to streamline tasks and communication and cut back on administration, which allows us to focus on caring for the needs and desires our members in a rapidly changing market."

He continued, “We’re very excited about the partnership; with their mobile payments solution on the horizon we will be able to offer a whole new and simple payment process at our events as well. Although, what really made Computop stand out was its personal touch.”

Over the course of 2012, there are plans to expand the payment methods offered to customers to include alternative payment methods such as PayPal, Ideal and Giropay as well as payment by invoice and direct debit.  This expansion of the service is to help with a planned growth initiative by Cygnus Books into European markets such as Germany and Holland, where card payments represent just a small proportion of online payments.

Stephen Berry, MD of Computop UK, said, “Cygnus Books will run on our unique financial services partner network, and state of the art technology platform.  Paygate integrates seamlessly with online shops, ERP and accounting systems and payment options can be individually configured for domestic and international markets with ease.”

 

About the Computop Paygate platform

Computop Paygate is a PCI DSS certified payment platform that provides multichannel service providers and retailers with secure payment solutions and efficient fraud prevention for international markets. With just one interface needed, Computop Paygate allows retailers access to over 40 payment methods including all relevant local and international payment options for e-commerce, mobile payment and POS solutions. Leading e-commerce solutions from the likes of Demandware, hybris, Intershop, Magento, Oxid eSales and SAP Business ByDesign all support Computop Paygate as a preferred payment service solution for global payment processing.  In addition, Computop offers Computop Paygate as a white label solution to banks and payment service providers (PSPs) enabling them to provide their customers with secure and seamless payment processing.

 

About Computop

Computop is a leading global payment service provider (PSP) that provides compliant and secure e-commerce, Point of Sale (PoS) and mobile solutions, globally.  The company, founded in 1997, is headquartered in Bamberg, Germany with local teams also within China, the United Kingdom and the United States of America. Computop processes transactions totaling over 7 billion US Dollars per year, for over 2000 large international merchants within industries such as retail, travel and gaming.  Global customers include C&A, Fossil, Metro Group, Samsung and TUI.  In order to provide a complete multichannel solution for merchants, Computop has a robust partner and global banking portfolio providing merchants with a seamless and secure transaction process.

 

For further information please visit: www.computop.com.

 

About Cygnus Books

Founded since 1991, Cygnus Books is a bookselling and information service like no other. Its aim is to help customers find the inspiration and guidance they are looking for, as they search for new ways to heal their body, nourish their soul and live in a way that reflects their own deepest values.

www.cygnus-books.co.uk

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