IC Markets Taps Praxis Cashier for Payments Services

Smart cashier technology provider, Praxis Cashier announced on Tuesday its partnership deal with Australia-based IC Markets, thus enhancing the brokerage’s payment options.

IC Markets is a trading platform, offering services with an array of assets, including forex, commodities, indices, Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term and others. Licensed by multiple regulators, the Aussie brokerage provides services across many global jurisdictions.

The brokerage will utilize Praxis's PCI 1-compliant smart cashier software that will allow it to access direct Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term integration with some of the most prominent financial institutions and payment gateways.

Praxis is already offering its services to other brokerages and trading industry service providers.

“Once again major websites and players of the Forex industry realize the value in the Praxis software,” Praxis' founder and director, Amit Klatchko, commented on the integration.

Demand for Payments Services Is Increasing

Founded in 2014, Praxis is based in Cyprus and offers smart cashier software. It primarily caters to fintech, online gaming, and e-commerce companies and can handle high-volume transactions, overcoming the processing challenges.

In September, the company partnered with payments company, MiFinity to further expand its payment services by integrating MiFinity’s suite into its platform. Both companies are targeting the same set of client base.

“Praxis is proud to be recognized as a superior cashier software provider on a global scale and looks forward to integrating with IC Markets as they expand and improve their brokerage services. We are excited to offer IC Markets our 300+ integrations with banks, PSPs, e-wallets, crypto solutions, and wire transfer services, backed by enhanced security, accelerated integration speeds, and superior overall services,” Klatchko added.