Home Page ContentPress Releases 300 retailers and 100 OTTO brands switch to Paygate as Computop completes acquisition of Otto Group’s EOS Payment business

300 retailers and 100 OTTO brands switch to Paygate as Computop completes acquisition of Otto Group’s EOS Payment business

by david.nunes

300 retailers and 100 OTTO brands switch to Paygate as Computop completes acquisition of Otto Group’s EOS Payment business

Otto Group completes migration to Computop Paygate, as retailers switch from EOS Payment to Computop

Bamberg, 4 February 2015 – Payment service provider (PSP) Computop today announced that it has successfully completed the migration of the one of the world’s largest e-commerce companies, Otto Group, to its payment platform Paygate from the previous Otto Group EOS payment platform. As a result, 300 retailers and 100 Otto Group retail brands are now processing payments with Computop Paygate.

The trading companies in the Otto Group that are now using Computop Paygate include brands such as Otto Versand, Baur, Schwab, SportScheck, Frankonia and the Witt Group. The companies in the Group that operate internationally include Heine, bonprix and the Unito Group.

The migration project began in December 2013 seeing the first merchants switch to Paygate in June 2014.

“By using Computop Paygate, the Otto Group companies are now able to provide a large number of payment methods and increase the customer’s user experience”, explained Marc Berg, Managing Director of Finnovato GmbH, an Otto Group company specialising in financial services.

Ralf Gladis, CEO and co-founder of Computop said: “The collaboration with the Otto Group, and the support they provided Computop with during the migration have been outstanding. Computop Paygate now provides a comprehensive tool set to new customers. We look forward to supporting their international growth plans and multichannel activities with worldwide payment methods and efficient fraud prevention.”

Computop opens a new office in Hamburg
Computop is using its acquisition of the Otto Group’s EOS payment transaction business to expand its presence in northern Germany. In August 2014, the payment service provider opened a branch in Hamburg. Six former employees from EOS Payment now complement Computop’s sales and product management departments in this new office. In addition, Computop has recruited three further members of staff to help meet the needs of its growing business in northern Germany.

About Otto Group
Founded in Germany in 1949, today the Otto Group is a globally operating retail and services group with around 54,257 employees (as at February 2014). The Group includes 123 major companies and is present in over 20 countries in Europe, North and South America and Asia. Its business activities are grouped into three segments: Multichannel Retail, Financial Services and Service. In the 2013/14 financial year (to 28 February) the Otto Group generated turnover of 12 billion euros. It is the world’s second-largest online retailer in the end-consumer (B2C) business and Europe’s largest online retailer in the end-consumer B2C fashion and lifestyle business.

About Computop Paygate
Computop Paygate is a PCI-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 60 payment methods including all relevant local and international payment options for e-commerce, m-commerce and Point of Sale (PoS). Leading e-commerce solutions from the likes of Demandware, Gambio, hybris, Intershop, Magento, Oxid eSales, SAP Business ByDesign and Websale 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, 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 solutions in the fields of e-commerce, PoS, m-commerce and Mail Order and Telephone Order (MOTO). The company, founded in 1997, is headquartered in Bamberg, Germany, with additional independent sales offices in China, the UK and the US. Computop processes transactions totalling $9+ billion per year for its client network of over 3,500 large international merchants within industries such as retail, travel and gaming. Global customers include C&A, Fossil, Metro Cash & Carry, Samsung and Swarovski. Following the recent asset deal with the Otto Group, Computop Paygate is now available to all merchants that previously used EOS Payment. In cooperation with its network of bank service providers, which it has expanded over many years, Computop offers a comprehensive multichannel solution that is geared to the needs of today’s market and provides merchants with seamlessly integrated payment processes.

For further information, please visit www.computop.com and www.youtube.de/ComputopTV.

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