FinovateEurope 2012 / Ixaris Systems
Presenter Profile:
How they describe themselves: Ixaris specialises in developing innovative payment applications based on open-loop Visa and MasterCard prepaid card schemes. Ixaris introduced Visa Europe’s first, and to date, most successful virtual prepaid card programme in 2003 and has since grown into a leading innovator in electronic payments. It offers its services through the EntroPay brand, an online community of customers in business and consumer sectors across the world, as well as through Opn, its open payments platform that supports rapid development and deployment of white label payment applications.
How they describe their product/innovation: Opn Cardworks is the latest and most powerful solution available through Ixaris. Opn Cardworks provides everything a business needs to set up and run its own prepaid card programme: virtual and/or plastic cards, technology, banking relationships, and risk and compliance oversight. We like to think of it as a customizable card programme in a box.
With Opn Cardworks, companies can bring a card programme to market in just weeks instead of several months. Without Opn Cardworks, businesses would need to identify, develop, and execute each facet of the programme on their own, which can be daunting, time consuming, and expensive.
Contacts:
Business Development: Andrea McGeachin, Commercial Director, andrea.mcgeachin@ixaris.com
Press: Nicola Koronka, Programme Director, Hotwire PR, nicola.koronka@hotwirepr.com
Website: www.ixaris.com
HQ Location:
London, UK
Company Founded: September 2003
Product Being Demoed: Opn CardWorks
Product Launched: February 2012
Metrics: Ixaris has over one million registered users and has issued several millions of virtual and plastic cards to customers worldwide. In 2010, Ixaris handled over 2.2 million transactions, totaling $200+M in volume and generating $13.6M in revenue, an 85% increase in revenue from 2009. The company has a total of 85 staff members and is headquartered in London.
- Key Executives
Alex Mifsud (CEO & Co-Founder), John Chaplin (President)
Key Stats
- Key Investors
Foresight Venture Partners, LaComp, Oxford Technologies
- Key Partnerships
Ixaris delivers its world-class payment services through strategic partnerships with multiple issuing and acquiring banks, networks, and processors that have long-standing experience in the co-delivery of payment products on a global scale. Key partners include Visa, MasterCard, Barclays, WorldPay, Bank of Valletta, and Transact Network.
- Key Customers
With more than 140 clients in industries including market research, healthcare, leisure, travel, and performance marketing, Ixaris enables enterprises as well as financial institutions to gain cost-effective, easy access to global payment networks. Clients range from small to medium-sized companies to enterprise companies for whom the cost and complexity of obtaining access to payment networks are prohibitive. Key clients include BravoFly, IMS Health, Wallet One, GVS, and Ladbrokes.