Digital River introduces its stand-alone e-payment solution

A provider of ecommerce solutions Digital River Inc is launching its stand-alone global e-payments solution for online merchants in markets, including e-retail, travel and entertainment, and online services. In the official statement the company says that Digital River(R) World Payments(TM) enables online merchants to manage the entire payment lifecycle through a single connection to a payment gateway, merchant account services or fully outsourced payment programs.

"For more than 15 years, some of the world's leading brands have relied on Digital River to manage and grow their online businesses on a global basis. This year alone, we expect to process more than $8 billion in online transactions," said Digital River CEO Joel Ronning. "Now we are taking our proven payments expertise and technologies and creating a holistic package of services that can be purchased, tailored and used on a stand-alone basis to meet a company's strategic payments goals. From the customer experience on the checkout page to payouts, Digital River World Payments is designed to reduce the risk and costs of online commerce while ensuring the revenue rewards."

Digital River World Payments provides relevant payment options in more than 190 countries and over 170 transaction and display currencies. The e-payments solution is built based on a modular approach, offering three primary payment programs:

• Payment Advance: A payments program that combines merchant account services with a customized set of local payment methods, real-time fraud detection, back office solutions and check out optimization services.

• Payment Stream: A traditional payment gateway service that simplifies global connectivity.

• Payment Source: A comprehensive outsourced payments program designed to accelerate global expansion through fully-managed distribution and reseller services as well as local payment acceptance.