OnerWay partners with Tribe Payments for acquirer processing
Payment technology provider, Tribe Payments, today announced it has been chosen by payment platform OnerWay– part of theRonghan Group – to provide acquirer processing services including its proprietary 3D Secure product. Tribe will process Mastercard and Visa payments in the UK and EEA for OnerWay’s cross-border e-commerce merchants as part of OnerWay’s growth plans to build a holistic and progressive payment ecosystem.
The e-commerce landscape is constantly evolving, and consumers no longer stick to a single channel, or even a single country, when buying goods and services online. OnerWay, which holds a UK EMI license regulated by the FCA, is a specialist cross-border payment provider and acquirer that connects merchants with international consumers. The company needed an acquirer processing solution with multi-currency BIN support that could be deployed at speed to fuel its rapid global expansion.
Tribe’s core platform, ISAAC, will process cross-border, omnichannel payments for OnerWay with multi-currency BIN support and was implemented in less than three months from contract signing. All processed payments will be authenticated by Tribe’s proprietary 3D Secure product which has additional controls and customisation options for acquirers. Using the TribeHub dashboard, OnerWay will also receive instant notifications, view live transactions, and be able to interrogate real-time data analytics to gain customer insights and actionable intelligence.
The partnership is a key part of OnerWay’s plans to build an unrivalled cross-border payment services proposition based on its own principal membership of the major international payment schemes including its recent Mastercard acquiring membership in the UK. OnerWay’s payment platform gives merchants access to over 30 different payment methods globally including Visa, Mastercard, American Express and Klarna.
“Tribe has helped us progress quickly with our expansion projects in the UK as a direct acquirer of card schemes,” said Kyle Paisley, Strategic Partnership Manager at OnerWay. “We look forward to building upon our partnership and exploring further opportunities including issuing and supporting global merchants together.”
“OnerWay needed an acquirer processing solution that could be implemented at speed to support its expansion across the UK and Europe,” said Alex Reddish, Managing Director at Tribe Payments. “Our API-driven approach to payments technology meant we were uniquely placed to help OnerWay access a wealth of functionality and innovative technology in just two months. Furthermore, as OnerWay seeks to expand the range of services it offers, it will be able to take advantage of our modular platform to add, remove and customise new payment products and capabilities at speed without compromising scale or resilience.”
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