Optimal Payments to offer payment and fraud management extension for Magento merchants

Optimal Payments will begin to offer their payment processing and fraud management system as an extension to eBay owned Megento’s clients.

Optimal Payments system will help reduce fraud by holding, flagging, and denying suspicious orders.

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The new extension, available for free on the Magento-Connect extension store, will allow users to integrate Optimal Payments’ NETBANX payment gateway. The NETBANX gateway seamlessly integrates Optimal Payments’ ThreatMetrix fraud prevention and management system, and will automatically reduce the amount of incoming fraudulent orders.

The system also allows for operational tasks such as order hold and release capabilities, as well as allowing refunding, cancelling and crediting of orders. All of these features are accessible directly through the Magento Ecommerce platform.

Optimal Payments’ solution will provide a PCI-level-1 compliant environment, and they will store all card data themselves, therefore significantly reducing PCI compliance requirements from Magento merchants.

In addition to providing the new comprehensive extension, Optimal Payments has also become a Magento Silver Industry Partner. The Magento Silver Industry Partner program will allow optimal payments to reach, market and provide solutions directly to Magento’s Ecommerce platform developers.

“The Optimal Payments Extension offers Magento clients of all sizes access to our international payment processing capabilities, multicurrency support and global fraud management tools. Furthermore, our integrated ThreatMetrix service will help merchants minimize their losses while providing a positive checkout experience for their legitimate customers.” Added Martin Leroux, Optimal Payments’ Chief Business Development Officer.