Fexco’s OpenConnect platform is an Acquirer agnostic solution which provides our global merchant base with multiple Acquirer integrations for payment acceptance for all major card brands.
OpenConnect protects card data using Secure Reading and Exchange of Data (SRED) to ensure all card sensitive data is encrypted at the point of interaction (POI), this reduces the PCI scope at a merchant location. OpenConnect returns a token for each card number (i.e. the PAN) received so merchant systems never see sensitive cardholder data. Future processing or correspondence associated can use the provided token in place of the PAN. This architecture simplifies the solution and streamlines operations at merchant locations for optimum cardholder and merchant experience.
The integration between OpenConnect and Oracle Payment Interface supports the following transaction types:
Our portal has been developed with the needs of our merchants in mind, we offer real-time and historic transaction reports using a range of practical filter options. Settlement reports are downloadable as CSV or Excel with no sensitive cardholder data included; this ensures end users are not inadvertently storing sensitive information. Our user management profiling allows merchants to assign specific permissions to its user base and to view data from multiple properties/chains where applicable.
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Recognised as one of the world’s original and most established FinTech organisations, Fexco employs over 2,300 people across its suite of companies headquartered in Killorglin, Co. Kerry located in the South West of Ireland. Founded in 1981, Fexco now has operations in 29 countries across Europe, the Middle East, Asia-Pacific, North America and Latin America.
Fexco serves some of the world’s biggest brands across multiple industries, predominantly in the payments and foreign exchange sectors, through a wide range of innovative products and services including; Transaction Processing, Dynamic Currency Conversion (DCC), Multi Currency Pricing (MCP), Tax Free Shopping and Retail FX. Fexco also offers bespoke Managed Business Solutions and Outsourcing services as well as a full suite of payment management solutions through its Corporate Payments business.
Since inception, Fexco has been driven by an entrepreneurial and innovative spirit. This ethos has brought the company to new regions and industries of growth, connecting customers with exciting new opportunities. Through its commitment to partnership and innovation, the company has built an international network of customers.
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