Citcon
Citcon is a global all-in-one payment platform that helps over 10,000 merchants process millions of transactions daily, connecting more than 20 global wallet providers and offering a full-stack solution from payment processing to fund settlement.
Company Overview
Citcon is a global all-in-one payment platform that connects more than 20 global wallet providers including PayPal and Venmo. It offers a full-stack solution that encompasses payment processing, gateway services, reporting, and fund settlement. Citcon began as the first authorized US merchant acquirer for WeChat Pay and Alipay and now supports over 100 digital wallets and credit card services. The platform is utilized by more than 10,000 global merchants to process millions of secure transactions daily, reaching over 2 billion mobile wallet users worldwide.
Payment Solutions
Citcon provides a comprehensive range of payment solutions for in-store, online, and mobile environments. The platform includes smart routing capabilities to achieve better approval rates and lower transaction fees. Citcon's solutions are compatible with major e-commerce platforms such as Shopify, Magento, Salesforce Demandware, SAP Commerce Cloud, and WooCommerce. The Hosted Online Platform (CHOP) offers quick integration, reducing PCI DSS compliance burdens. Citcon's contactless payment solutions provide safe and hygienic checkout processes, which are particularly beneficial for merchants aiming to enhance customer experiences.
Global Integration and Compatibility
Citcon's platform integrates with eCommerce gateways like Cybersource, Aurus, FreedomPay, UATP, and CellPoint Digital. The unified API allows for seamless integration with existing infrastructures, simplifying the management of transactions across multiple digital wallets. Citcon's RESTful POS APIs support in-store payment solutions, ensuring compatibility with a range of payment systems globally. This wide-ranging integration capability helps merchants attract international customers by accepting their preferred payment methods, thus facilitating market expansion and enhancing customer satisfaction.
Security and Compliance
Citcon's platform is designed with advanced security features to help merchants meet the Payment Card Industry Data Security Standards (PCI DSS). The automated risk management approach employs technologies like IP intelligence, device profiling, and cyber threat detection to mitigate fraud and cyberattacks. Citcon's systems closely examine transaction attributes to block potentially fraudulent activities, thus ensuring a secure payment environment. These stringent security measures reduce the complexity and workload associated with PCI compliance for merchants.
Merchant Benefits
Citcon offers a range of benefits designed to help merchants optimize transactions and expand their market reach. The platform achieves higher approval and conversion rates with lower merchant discount rates (MDR) and no chargebacks for digital wallet transactions. Citcon guarantees transaction clearing within 24 hours and provides competitive processing fees without additional charges for wallet cross-border transactions. The platform also supports contactless mobile payment transactions and offers up to 40% lower acceptance costs compared to international credit cards. These benefits collectively contribute to improved bottom-line business results for merchants.