IXOPAY & Aperia Create Integrated PCI Compliance Offering
IXOPAY, a payment orchestration platform that helps merchants manage multiple payment providers, has merged with Aperia Compliance, a provider of Payment Card Industry (PCI) validation and risk management services.
The merger aims to integrate payment processing and compliance capabilities into a single platform.
The combined entity will offer PCI compliance services across all four merchant levels. PCI compliance involves adherence to security standards developed by card networks to protect cardholder data, with requirements varying based on transaction volume.
Brady Harris, CEO of IXOPAY, says the merger responds to increasing cyber security pressures facing merchants. “In today's digital economy, the stakes for payment security and compliance have never been higher. Cyber threats are intensifying and regulations are becoming more complex.”
Technology platform
The merged platform will combine IXOPAY's tokenisation technology - which replaces sensitive card data with unique identification symbols - with Aperia's compliance validation services.
This integration aims to serve both large enterprises processing millions of transactions and smaller merchants requiring basic compliance support.
The platform will maintain separate offerings for different merchant categories. Level 1 and 2 merchants, who process over 1 million transactions annually, will access enterprise-grade security protocols. Level 3 and 4 merchants, processing fewer transactions, will use streamlined compliance tools.
Industry impact
The merger positions the combined entity to target independent sales organisations (ISOs) - firms that handle merchant relationships for payment processors - and payment processors seeking to offer integrated compliance capabilities to their merchant customers.
The integration will enable merchants to access tokenisation, payment routing, and compliance validation through a unified interface.
This addresses a growing need among merchants to simplify their payment technology stack while maintaining security standards.
“Our enhanced platform delivers a comprehensive suite of PCI compliance solutions covering all merchant levels”
Regulatory context
The announcement comes as the PCI Security Standards Council implements version 4.0 of its data security standards, introducing new requirements for authentication and encryption.
These changes require merchants to update their security protocols and validation processes.
Payment orchestration platforms have emerged as a solution for merchants managing multiple payment providers across different markets. These platforms route transactions between providers while maintaining consistent security standards.
The merger reflects wider consolidation in the payment technology sector as providers seek to combine specialised capabilities.
Recent changes to PCI standards have increased demand for integrated solutions that combine payment processing with compliance management.
“Our enhanced platform delivers a comprehensive suite of PCI compliance solutions covering all merchant levels,” says Harris. “This enables businesses to maintain compliance while putting the power of payment orchestration to work.”
The financial terms of the merger have not been disclosed.
Explore the latest edition of FinTech Magazine and be part of the conversation at our global conference series, FinTech LIVE.
Discover all our upcoming events and secure your tickets today.
FinTech Magazine is a BizClik brand
