Digital River signs global payments agreement with Tenfu Tenmax
Digital River, provider of commerce-as-service solutions, has secured a payments deal with Tenfu Tenmax, a China-based direct marketing co.
Tenmax will use Digital River World Payments solution to support its global expansion plans and offer localized payments across Southeast Asia, Japan, Korea, Russia and the US.
Using Digital River solution, Tenmax customers can process online credit card and local payments.
Digital River’s solution allows merchants to process online payments using over 200 international and local payment options, and more than 170 currencies.
The solution also delivers a range of value-added services that support payment lifecycle such as checkout page optimization, real-time fraud detection, solutions to manage PCI exposure and currency risk, as well as advanced back-office reconciliation services and business intelligence tools.
Tenfu Tenmax CEO Morgan Zhang said: “We chose the Digital River World Payments solution for its widespread global reach, comprehensive capabilities and local support.”
Digital River World Payments senior vice president and general manager Hayden Reed said: “Helping our clients maximize their global sales while minimizing the risks, exposure and costs associated with online payments are key benefits of our solution. We are looking forward to working with Tenmax to optimize their global payments program and their customers’ international shopping experience.”