Credorax is a NextGen smart payments provider and fully licensed acquiring bank providing cross-border processing for e-commerce and omni-channel payments. Their processing and acquiring services were developed in-house to provide merchants with stable, robust, and streamlined payments. It uses technological innovation to tie together the many pieces of an e-commerce workflow and address the unique needs of online merchants of all sizes across borders. Acquiring banks have historically operated in a single country, but since thirty percent of e-commerce is now cross-border, merchants need help in doing business with customers in other countries.
The company is based in Israel and Malta and has nearly 250 employees operating across those two countries, as well as Europe, the US, and China.
Credorax can provide solutions to all players in the offline, e-commerce, and mobile commerce arenas, including direct merchants, payment service providers, and payment facilitators. Partners and customers can choose from a variety of services, including acquiring, gateway services, approval rate optimization, advanced anti-fraud protection, business intelligence, and a host of other value-added services and products.
Credorax operates in a highly regulated industry and must continually address compliance requirements. It works with the card schemes and all relevant financial institutions to ensure compliance and provide merchants easier access to international markets. Credorax diligently seeks the right technologies to help ease the burden of achieving and proving regulatory compliance so they can focus on innovation that drives competitive advantage.
The Credorax Research and Development (R&D) group interacts with technical and business teams such as product management, TechOps, etc., to drive innovation within its core business. There are three groups in R&D; two are mixed development with developers and quality assurance (QA) engineers, and the third group is dedicated to building automation tools.