EveryMatrix unveils proprietary payments service
Supplier built MoneyMatrix product to comply with upcoming AML directives and strict KYC regulation
EveryMatrix Group has revealed its new omni-channel payments service which incorporates over 150 payment solutions onto one platform.
MoneyMatrix, which has received approval from the Malta Financial Authority, offers a payments processing and risk management solution to operators and is available via a customisable API.
The product was built with upcoming 4th AML Directive and increasingly stringent KYC requirements in mind, and aims to remove “complexity and significant overheads”, a statement said.
MoneyMatrix CEO Sandra Barton added: “MoneyMatrix enables operators to provide the highest levels of security and encryption for all card data transmission and storage, thereby significantly reducing the PCI requirements and costs for their clients.
“Merchants will be able to easily enter new markets and attract new customers without the need for long protracted contract negotiations with individual payment vendors.”