Leading global payments provider Paysafe Group provides scalable and relevant payment services for consumers and business around the world. Among the brands within the group are digital wallets Skrill and NETELLER, and prepaid services provider paysafecard.
The payments sector has faced increased regulation over recent years and as such Paysafe was keen to work with a technology partner that could support its multi-product, global requirements. After a rigorous selection exercise it concluded that Sphonic was best suited to meet its requirements for its digital wallet services due to its flexibility, global reach and ability to enable access to new innovations in the market with minimal technology impact.
Sphonic was formed in 2012 when its core product Workflow Manager (WFM) was created. WFM acts as a Data Contextualisation solution that leverages data points from over 75 of the world’s leading data vendors and risk management services through an...