Ixaris Group has launched the Open Payments Cloud to commercialise its work carried out as part of the EU-sponsored Open Payments Ecosystem initiative. The initiative, led by Ixaris in collaboration with Visa, Locke Lord, Rainmaking Innovation, IDT Finance and the University of Malta, has now been successfully completed.
The Open Payments Cloud (OPC) is a secure, payment industry compliant cloud-based architecture that incorporates a toolkit of diverse payment APIs and a universal sandbox on one platform. This creates an environment in which all parties - financial institutions, payment providers and developers alike - can collaborate to develop, deploy and run payment applications. The creation of OPC sees the expansion of the Ixaris Group to three distinct businesses spanning commercial and consumer payments, along with Entropay and Ixaris Technologies.