PayLane expands payment methods with three new additions

PayLane.com, an e-commerce service provider, has announced that their system for wire transfers has added three new methods for payment integration: Nordea Bank (Pay with Nordea), Idea Bank and postal money order.

PayLane has designed the new systems for both local and global processing. E-merchants who integrate with PayLane can now accept 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 from over 160 different currencies. PayLane has also added Polish wire services, which helps them greatly increase their market reach of banking clients. Customers are able to now transfer funds from the following: Bank Millennium, mBank, Credit Agricole, Alior Bank, MultiBank, PKO BP, Deutsche Bank, Alior Sync, Inteligo, Bank BPH (GE Capital Group), ING, KB Kredyt Bank, BZ WBK, Getin Bank.

As of May 2013, PayLane has obtained the title of Payment Institution and therefore operates under the regulations of the Polish Financial Supervision Authority. With this designation, PayLane is able to work across the entire SEPA region. PayLane, though already operating in the Euro-zone, is now able to expand its offerings in regards to scope and scale.