How they describe themselves: Ixaris’ Payments Server is a cloud based open payments platform that enables banks to create powerful card-based payment applications for purchasing, incentives, payroll, disbursement, etc. – without any programming. Applications can be created from scratch or as modifications of existing ones; any applications created can then be published in a Payments Application Store. The Applications can be customized and deployed to target a specific consumer or business segment or even as a separate instance for each individual corporate customer. Ixaris Payments Server can be delivered as part of a complete card processing suite or alternatives can run over legacy processing systems.
How they describe their product/innovation: Ixaris is demonstrating a UI editor that banks can provide to a corporate customer so that the corporate can safely and in a compliant manner, customize the instance of the Application that the bank has deployed for them.
Critically, this patent-pending technology enables customization to be carried out by non-technical staff – operational staff or web agency – without compromising security.
In addition to static web page and cardholder portal content, the customer can change the way in which transactions and payment instruments are handled. Tools are also provided for the bank to review, approve, and control the entry of changes into production.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms